Greenspring Income Opportunities Fund Market Value
| GRIOX Fund | USD 9.84 0.01 0.10% |
| Symbol | Greenspring |
Greenspring Income '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 Greenspring Income'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 Greenspring Income.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Greenspring Income on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Greenspring Income Opportunities or generate 0.0% return on investment in Greenspring Income over 30 days. Greenspring Income is related to or competes with Franklin Emerging, Mid Cap, Angel Oak, Ep Emerging, Nasdaq 100, and Pnc Emerging. Under normal circumstances, the fund invests primarily in income-producing debt instruments issued by U.S.issuers, which... More
Greenspring Income 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 Greenspring Income'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 Greenspring Income Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1188 | |||
| Information Ratio | (0.79) | |||
| Maximum Drawdown | 0.7162 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1027 |
Greenspring Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Greenspring Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Greenspring Income's standard deviation. In reality, there are many statistical measures that can use Greenspring Income historical prices to predict the future Greenspring Income's volatility.| Risk Adjusted Performance | 0.0588 | |||
| Jensen Alpha | 0.0052 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.70) | |||
| Treynor Ratio | 0.3297 |
Greenspring Income Backtested Returns
At this stage we consider Greenspring Mutual Fund to be very steady. Greenspring Income holds Efficiency (Sharpe) Ratio of 0.15, which attests that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Greenspring Income, which you can use to evaluate the volatility of the entity. Please check out Greenspring Income's Risk Adjusted Performance of 0.0588, market risk adjusted performance of 0.3397, and Coefficient Of Variation of 616.41 to validate if the risk estimate we provide is consistent with the expected return of 0.0158%. The fund retains a Market Volatility (i.e., Beta) of 0.0215, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Greenspring Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Greenspring Income is expected to be smaller as well.
Auto-correlation | -0.84 |
Excellent reverse predictability
Greenspring Income Opportunities has excellent reverse predictability. Overlapping area represents the amount of predictability between Greenspring Income 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 Greenspring Income price movement. The serial correlation of -0.84 indicates that around 84.0% of current Greenspring Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Greenspring Income lagged returns against current returns
Autocorrelation, which is Greenspring Income 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 Greenspring Income's mutual fund expected returns. We can calculate the autocorrelation of Greenspring Income returns to help us make a trade decision. For example, suppose you find that Greenspring Income 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 |
Greenspring Income 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 Greenspring Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Greenspring Income mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Greenspring Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Greenspring Income Lagged Returns
When evaluating Greenspring Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Greenspring Income mutual fund have on its future price. Greenspring Income 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, Greenspring Income autocorrelation shows the relationship between Greenspring Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Greenspring Income Opportunities.
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 Greenspring Mutual Fund
Greenspring Income financial ratios help investors to determine whether Greenspring 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 Greenspring with respect to the benefits of owning Greenspring Income security.
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