Mydestination 2055 Fund Market Value
| GMGYX Fund | USD 17.94 0.12 0.66% |
| Symbol | Mydestination |
Mydestination 2055 '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 Mydestination 2055'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 Mydestination 2055.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Mydestination 2055 on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Mydestination 2055 Fund or generate 0.0% return on investment in Mydestination 2055 over 30 days. Mydestination 2055 is related to or competes with Calamos Dynamic, Lord Abbett, and Putnam Convertible. The fund pursues its objective by investing primarily in a diversified portfolio of GuideStone Funds Select Funds that r... More
Mydestination 2055 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 Mydestination 2055'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 Mydestination 2055 Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7082 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 4.13 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 1.0 |
Mydestination 2055 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mydestination 2055's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mydestination 2055's standard deviation. In reality, there are many statistical measures that can use Mydestination 2055 historical prices to predict the future Mydestination 2055's volatility.| Risk Adjusted Performance | 0.0366 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.04 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mydestination 2055's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Mydestination 2055 Backtested Returns
At this stage we consider Mydestination Mutual Fund to be very steady. Mydestination 2055 has Sharpe Ratio of 0.034, which conveys that the entity had a 0.034% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mydestination 2055, which you can use to evaluate the volatility of the fund. Please verify Mydestination 2055's Downside Deviation of 0.7082, mean deviation of 0.4641, and Risk Adjusted Performance of 0.0366 to check out if the risk estimate we provide is consistent with the expected return of 0.0219%. The fund secures a Beta (Market Risk) of 0.59, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mydestination 2055's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mydestination 2055 is expected to be smaller as well.
Auto-correlation | -0.83 |
Excellent reverse predictability
Mydestination 2055 Fund has excellent reverse predictability. Overlapping area represents the amount of predictability between Mydestination 2055 time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Mydestination 2055 price movement. The serial correlation of -0.83 indicates that around 83.0% of current Mydestination 2055 price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Mydestination 2055 lagged returns against current returns
Autocorrelation, which is Mydestination 2055 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 Mydestination 2055's mutual fund expected returns. We can calculate the autocorrelation of Mydestination 2055 returns to help us make a trade decision. For example, suppose you find that Mydestination 2055 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 |
Mydestination 2055 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 Mydestination 2055 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mydestination 2055 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mydestination 2055 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mydestination 2055 Lagged Returns
When evaluating Mydestination 2055's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mydestination 2055 mutual fund have on its future price. Mydestination 2055 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, Mydestination 2055 autocorrelation shows the relationship between Mydestination 2055 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mydestination 2055 Fund.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Mydestination Mutual Fund
Mydestination 2055 financial ratios help investors to determine whether Mydestination 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 Mydestination with respect to the benefits of owning Mydestination 2055 security.
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