Marsico Global Fund Market Value
| MGLBX Fund | USD 26.39 0.32 1.23% |
| Symbol | Marsico |
Marsico 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 Marsico 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 Marsico Global.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Marsico Global on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Marsico Global Fund or generate 0.0% return on investment in Marsico Global over 720 days. Marsico Global is related to or competes with Marsico 21st, Aberdeen Select, Marsico International, Dodge Cox, and Marsico Growth. The fund invests primarily in the common stocks of U.S More
Marsico 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 Marsico 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 Marsico Global Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 5.31 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 1.66 |
Marsico Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Marsico Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marsico Global's standard deviation. In reality, there are many statistical measures that can use Marsico Global historical prices to predict the future Marsico Global's volatility.| Risk Adjusted Performance | 0.0948 | |||
| Jensen Alpha | 0.0016 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1293 |
Marsico Global Backtested Returns
At this stage we consider Marsico Mutual Fund to be very steady. Marsico Global has Sharpe Ratio of 0.17, which conveys that the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Marsico Global, which you can use to evaluate the volatility of the fund. Please verify Marsico Global's Downside Deviation of 1.25, mean deviation of 0.801, and Risk Adjusted Performance of 0.0948 to check out if the risk estimate we provide is consistent with the expected return of 0.17%. The fund secures a Beta (Market Risk) of 0.94, which conveys possible diversification benefits within a given portfolio. Marsico Global returns are very sensitive to returns on the market. As the market goes up or down, Marsico Global is expected to follow.
Auto-correlation | 0.85 |
Very good predictability
Marsico Global Fund has very good predictability. Overlapping area represents the amount of predictability between Marsico Global time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Marsico Global price movement. The serial correlation of 0.85 indicates that around 85.0% of current Marsico Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.8 | |
| Residual Average | 0.0 | |
| Price Variance | 4.58 |
Marsico Global lagged returns against current returns
Autocorrelation, which is Marsico 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 Marsico Global's mutual fund expected returns. We can calculate the autocorrelation of Marsico Global returns to help us make a trade decision. For example, suppose you find that Marsico 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 |
Marsico 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 Marsico Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marsico 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 Marsico Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Marsico Global Lagged Returns
When evaluating Marsico Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marsico Global mutual fund have on its future price. Marsico 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, Marsico Global autocorrelation shows the relationship between Marsico Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Marsico Global 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 Marsico Mutual Fund
Marsico Global financial ratios help investors to determine whether Marsico 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 Marsico with respect to the benefits of owning Marsico Global security.
| Competition Analyzer Analyze and compare many basic indicators for a group of related or unrelated entities | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |