Guidepath Multi Asset Income Fund Market Value

GPMIX Fund  USD 11.22  0.02  0.18%   
Guidepath Multi's market value is the price at which a share of Guidepath Multi trades on a public exchange. It measures the collective expectations of Guidepath Multi Asset Income investors about its performance. Guidepath Multi is trading at 11.22 as of the 14th of December 2024; that is 0.18 percent down since the beginning of the trading day. The fund's open price was 11.24.
With this module, you can estimate the performance of a buy and hold strategy of Guidepath Multi Asset Income and determine expected loss or profit from investing in Guidepath Multi over a given investment horizon. Check out Guidepath Multi Correlation, Guidepath Multi Volatility and Guidepath Multi Alpha and Beta module to complement your research on Guidepath Multi.
Symbol

Please note, there is a significant difference between Guidepath Multi's value and its price as these two are different measures arrived at by different means. Investors typically determine if Guidepath Multi is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guidepath Multi'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.

Guidepath Multi '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 Guidepath Multi'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 Guidepath Multi.
0.00
11/14/2024
No Change 0.00  0.0 
In 31 days
12/14/2024
0.00
If you would invest  0.00  in Guidepath Multi on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Guidepath Multi Asset Income or generate 0.0% return on investment in Guidepath Multi over 30 days. Guidepath Multi is related to or competes with Guidepath Conservative, Guidepath Flexible, Guidepath Growth, Guidepath Income, Guidepath Managed, and . The fund operates as a fund of funds, investing primarily in registered mutual funds and exchange-traded funds More

Guidepath Multi 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 Guidepath Multi'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 Guidepath Multi Asset Income upside and downside potential and time the market with a certain degree of confidence.

Guidepath Multi Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Guidepath Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guidepath Multi's standard deviation. In reality, there are many statistical measures that can use Guidepath Multi historical prices to predict the future Guidepath Multi's volatility.
Hype
Prediction
LowEstimatedHigh
10.9011.2211.54
Details
Intrinsic
Valuation
LowRealHigh
10.9011.2211.54
Details

Guidepath Multi Asset Backtested Returns

At this stage we consider Guidepath Mutual Fund to be very steady. Guidepath Multi Asset holds Efficiency (Sharpe) Ratio of 0.0188, which attests that the entity had a 0.0188% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Guidepath Multi Asset, which you can use to evaluate the volatility of the entity. Please check out Guidepath Multi's Market Risk Adjusted Performance of 0.0472, downside deviation of 0.3129, and Risk Adjusted Performance of 0.034 to validate if the risk estimate we provide is consistent with the expected return of 0.0061%. The fund retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guidepath Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guidepath Multi is expected to be smaller as well.

Auto-correlation

    
  -0.91  

Near perfect reversele predictability

Guidepath Multi Asset Income has near perfect reversele predictability. Overlapping area represents the amount of predictability between Guidepath Multi time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Guidepath Multi Asset price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Guidepath Multi price fluctuation can be explain by its past prices.
Correlation Coefficient-0.91
Spearman Rank Test-0.7
Residual Average0.0
Price Variance0.0

Guidepath Multi Asset lagged returns against current returns

Autocorrelation, which is Guidepath Multi 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 Guidepath Multi's mutual fund expected returns. We can calculate the autocorrelation of Guidepath Multi returns to help us make a trade decision. For example, suppose you find that Guidepath Multi 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  

Guidepath Multi 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 Guidepath Multi mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guidepath Multi mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guidepath Multi mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Guidepath Multi Lagged Returns

When evaluating Guidepath Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guidepath Multi mutual fund have on its future price. Guidepath Multi 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, Guidepath Multi autocorrelation shows the relationship between Guidepath Multi mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guidepath Multi Asset Income.
   Regressed Prices   
       Timeline  

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