Mondrian Global Listed Fund Market Value
| MGIFX Fund | USD 10.82 0.03 0.28% |
| Symbol | Mondrian |
Mondrian 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 Mondrian 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 Mondrian Global.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Mondrian Global on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Mondrian Global Listed or generate 0.0% return on investment in Mondrian Global over 30 days. Mondrian Global is related to or competes with Mondrian Emerging, Mondrian Global, Mondrian International, Aqr Large, American Funds, and Fidelity Advisor. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Mondrian 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 Mondrian 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 Mondrian Global Listed upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.32) | |||
| Maximum Drawdown | 2.67 | |||
| Value At Risk | (1.32) | |||
| Potential Upside | 0.8696 |
Mondrian Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mondrian Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mondrian Global's standard deviation. In reality, there are many statistical measures that can use Mondrian Global historical prices to predict the future Mondrian Global's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.18) | |||
| Treynor Ratio | (0.71) |
Mondrian Global Listed Backtested Returns
Mondrian Global Listed has Sharpe Ratio of -0.18, which conveys that the entity had a -0.18% return per unit of risk over the last 3 months. Mondrian Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mondrian Global's Risk Adjusted Performance of (0.10), standard deviation of 0.6183, and Mean Deviation of 0.4717 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.14, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mondrian Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mondrian Global is expected to be smaller as well.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Mondrian Global Listed has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mondrian Global time series from 13th of November 2024 to 28th of November 2024 and 28th of November 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 Mondrian Global Listed price movement. The serial correlation of -0.74 indicates that around 74.0% of current Mondrian Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Mondrian Global Listed lagged returns against current returns
Autocorrelation, which is Mondrian 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 Mondrian Global's mutual fund expected returns. We can calculate the autocorrelation of Mondrian Global returns to help us make a trade decision. For example, suppose you find that Mondrian 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 |
Mondrian 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 Mondrian Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mondrian 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 Mondrian Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mondrian Global Lagged Returns
When evaluating Mondrian Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mondrian Global mutual fund have on its future price. Mondrian 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, Mondrian Global autocorrelation shows the relationship between Mondrian Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mondrian Global Listed.
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 Mondrian Mutual Fund
Mondrian Global financial ratios help investors to determine whether Mondrian 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 Mondrian with respect to the benefits of owning Mondrian Global security.
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