Guinness Atkinson Global Fund Market Value

GINNX Fund  USD 66.62  0.73  1.11%   
Guinness Atkinson's market value is the price at which a share of Guinness Atkinson trades on a public exchange. It measures the collective expectations of Guinness Atkinson Global investors about its performance. Guinness Atkinson is trading at 66.62 as of the 4th of December 2024; that is 1.11 percent up since the beginning of the trading day. The fund's open price was 65.89.
With this module, you can estimate the performance of a buy and hold strategy of Guinness Atkinson Global and determine expected loss or profit from investing in Guinness Atkinson over a given investment horizon. Check out Guinness Atkinson Correlation, Guinness Atkinson Volatility and Guinness Atkinson Alpha and Beta module to complement your research on Guinness Atkinson.
Symbol

Please note, there is a significant difference between Guinness Atkinson's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guinness Atkinson is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guinness Atkinson's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Guinness Atkinson 'What if' Analysis

In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Guinness Atkinson's mutual fund what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Guinness Atkinson.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in Guinness Atkinson on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Guinness Atkinson Global or generate 0.0% return on investment in Guinness Atkinson over 60 days. Guinness Atkinson is related to or competes with Guinness Atkinson, Guinness Atkinson, Guinness Atkinson, Guinness Atkinson, and Parnassus Endeavor. The fund invests in publicly-traded equity securities of companies that the Advisor believes are positioned for growth d... More

Guinness Atkinson Upside/Downside Indicators

Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Guinness Atkinson's mutual fund current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Guinness Atkinson Global upside and downside potential and time the market with a certain degree of confidence.

Guinness Atkinson Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Guinness Atkinson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guinness Atkinson's standard deviation. In reality, there are many statistical measures that can use Guinness Atkinson historical prices to predict the future Guinness Atkinson's volatility.
Hype
Prediction
LowEstimatedHigh
65.0765.9366.79
Details
Intrinsic
Valuation
LowRealHigh
64.4865.3466.20
Details
Naive
Forecast
LowNextHigh
65.0465.9066.76
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
64.3265.0265.72
Details

Guinness Atkinson Global Backtested Returns

At this stage we consider Guinness Mutual Fund to be very steady. Guinness Atkinson Global holds Efficiency (Sharpe) Ratio of 0.13, which attests that the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guinness Atkinson Global, which you can use to evaluate the volatility of the entity. Please check out Guinness Atkinson's Downside Deviation of 0.9896, risk adjusted performance of 0.0484, and Market Risk Adjusted Performance of 0.0696 to validate if the risk estimate we provide is consistent with the expected return of 0.11%. The fund retains a Market Volatility (i.e., Beta) of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Guinness Atkinson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guinness Atkinson is expected to be smaller as well.

Auto-correlation

    
  0.08  

Virtually no predictability

Guinness Atkinson Global has virtually no predictability. Overlapping area represents the amount of predictability between Guinness Atkinson time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Guinness Atkinson Global price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Guinness Atkinson price fluctuation can be explain by its past prices.
Correlation Coefficient0.08
Spearman Rank Test-0.21
Residual Average0.0
Price Variance0.64

Guinness Atkinson Global lagged returns against current returns

Autocorrelation, which is Guinness Atkinson mutual fund's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Guinness Atkinson's mutual fund expected returns. We can calculate the autocorrelation of Guinness Atkinson returns to help us make a trade decision. For example, suppose you find that Guinness Atkinson has exhibited high autocorrelation historically, and you observe that the mutual fund is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
   Current and Lagged Values   
       Timeline  

Guinness Atkinson regressed lagged prices vs. current prices

Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Guinness Atkinson mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guinness Atkinson mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guinness Atkinson mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Guinness Atkinson Lagged Returns

When evaluating Guinness Atkinson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guinness Atkinson mutual fund have on its future price. Guinness Atkinson autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Guinness Atkinson autocorrelation shows the relationship between Guinness Atkinson mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guinness Atkinson Global.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Guinness Mutual Fund

Guinness Atkinson financial ratios help investors to determine whether Guinness Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Guinness with respect to the benefits of owning Guinness Atkinson security.
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