Power Global Tactical Fund Market Value
| GTAIX Fund | USD 11.06 0.03 0.27% |
| Symbol | Power |
Power Global '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 Power Global'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 Power Global.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Power Global on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Power Global Tactical or generate 0.0% return on investment in Power Global over 390 days. Power Global is related to or competes with Guggenheim Diversified, Delaware Limited, Calvert Conservative, Lord Abbett, Fidelity Advisor, Jpmorgan Diversified, and Allianzgi Diversified. The funds adviser seeks to achieve the funds investment objective by investing in exchange-traded funds and exchange-tra... More
Power Global 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 Power Global'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 Power Global Tactical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3103 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 1.54 | |||
| Value At Risk | (0.46) | |||
| Potential Upside | 0.6369 |
Power Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Global's standard deviation. In reality, there are many statistical measures that can use Power Global historical prices to predict the future Power Global's volatility.| Risk Adjusted Performance | 0.1274 | |||
| Jensen Alpha | 0.0444 | |||
| Total Risk Alpha | 0.0071 | |||
| Sortino Ratio | (0.16) | |||
| Treynor Ratio | 0.6114 |
Power Global Tactical Backtested Returns
At this stage we consider Power Mutual Fund to be very steady. Power Global Tactical maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Power Global Tactical, which you can use to evaluate the volatility of the fund. Please check Power Global's Standard Deviation of 0.3298, downside deviation of 0.3103, and Risk Adjusted Performance of 0.1274 to confirm if the risk estimate we provide is consistent with the expected return of 0.0426%. The fund holds a Beta of 0.0872, which implies not very significant fluctuations relative to the market. As returns on the market increase, Power Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Power Global is expected to be smaller as well.
Auto-correlation | 0.84 |
Very good predictability
Power Global Tactical has very good predictability. Overlapping area represents the amount of predictability between Power Global time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Power Global Tactical price movement. The serial correlation of 0.84 indicates that around 84.0% of current Power Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Power Global Tactical lagged returns against current returns
Autocorrelation, which is Power Global 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 Power Global's mutual fund expected returns. We can calculate the autocorrelation of Power Global returns to help us make a trade decision. For example, suppose you find that Power Global 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 |
Power Global 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 Power Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Power Global Lagged Returns
When evaluating Power Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Global mutual fund have on its future price. Power Global 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, Power Global autocorrelation shows the relationship between Power Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Power Global Tactical.
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 Power Mutual Fund
Power Global financial ratios help investors to determine whether Power 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 Power with respect to the benefits of owning Power Global security.
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