Global Equity Fund Market Value

JGEFX Fund  USD 13.55  0.09  0.66%   
Global Equity's market value is the price at which a share of Global Equity trades on a public exchange. It measures the collective expectations of Global Equity Fund investors about its performance. Global Equity is trading at 13.55 as of the 18th of December 2024; that is 0.66 percent decrease since the beginning of the trading day. The fund's open price was 13.64.
With this module, you can estimate the performance of a buy and hold strategy of Global Equity Fund and determine expected loss or profit from investing in Global Equity over a given investment horizon. Check out Global Equity Correlation, Global Equity Volatility and Global Equity Alpha and Beta module to complement your research on Global Equity.
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Please note, there is a significant difference between Global Equity's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global Equity is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global Equity'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.

Global Equity '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 Global Equity'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 Global Equity.
0.00
06/21/2024
No Change 0.00  0.0 
In 5 months and 30 days
12/18/2024
0.00
If you would invest  0.00  in Global Equity on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Global Equity Fund or generate 0.0% return on investment in Global Equity over 180 days. Global Equity is related to or competes with Pace High, Siit High, Metropolitan West, Calvert High, and Western Asset. The fund seeks to generate capital appreciation by investing at least 80 percent of net assets in a diversified portfoli... More

Global Equity 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 Global Equity'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 Global Equity Fund upside and downside potential and time the market with a certain degree of confidence.

Global Equity Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Equity's standard deviation. In reality, there are many statistical measures that can use Global Equity historical prices to predict the future Global Equity's volatility.
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Global Equity. Your research has to be compared to or analyzed against Global Equity's peers to derive any actionable benefits. When done correctly, Global Equity's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Global Equity.

Global Equity Backtested Returns

Global Equity holds Efficiency (Sharpe) Ratio of -0.0564, which attests that the entity had a -0.0564% return per unit of risk over the last 3 months. Global Equity exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Equity's Risk Adjusted Performance of (0.02), market risk adjusted performance of (0.03), and Standard Deviation of 0.5338 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Equity's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Equity is expected to be smaller as well.

Auto-correlation

    
  0.20  

Weak predictability

Global Equity Fund has weak predictability. Overlapping area represents the amount of predictability between Global Equity time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Global Equity price movement. The serial correlation of 0.2 indicates that over 20.0% of current Global Equity price fluctuation can be explain by its past prices.
Correlation Coefficient0.2
Spearman Rank Test0.38
Residual Average0.0
Price Variance0.01

Global Equity lagged returns against current returns

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

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

Global Equity Lagged Returns

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

Global Equity financial ratios help investors to determine whether Global 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 Global with respect to the benefits of owning Global Equity security.
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