Polaris Global Value Fund Market Value
| PGVFX Fund | USD 31.69 0.03 0.09% |
| Symbol | Polaris |
Polaris 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 Polaris 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 Polaris Global.
| 01/08/2023 |
| 12/28/2024 |
If you would invest 0.00 in Polaris Global on January 8, 2023 and sell it all today you would earn a total of 0.00 from holding Polaris Global Value or generate 0.0% return on investment in Polaris Global over 720 days. Polaris Global is related to or competes with Fidelity Capital, Jpmorgan Hedged, Ubs Ultra, Vanguard Total, Credit Suisse, and Fidelity Large. Using a value-oriented approach, the fund invests primarily in the common stock of companies of any size, both domestic ... More
Polaris 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 Polaris 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 Polaris Global Value upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 5.21 | |||
| Value At Risk | (1.30) | |||
| Potential Upside | 0.8844 |
Polaris Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polaris Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polaris Global's standard deviation. In reality, there are many statistical measures that can use Polaris Global historical prices to predict the future Polaris Global's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.53) |
Polaris Global Value Backtested Returns
Polaris Global Value maintains Sharpe Ratio (i.e., Efficiency) of -0.18, which implies the entity had a -0.18% return per unit of risk over the last 3 months. Polaris Global Value exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Polaris Global's Risk Adjusted Performance of (0.12), coefficient of variation of (692.74), and Variance of 0.6201 to confirm the risk estimate we provide. The fund holds a Beta of 0.23, which implies not very significant fluctuations relative to the market. As returns on the market increase, Polaris Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polaris Global is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Polaris Global Value has very weak reverse predictability. Overlapping area represents the amount of predictability between Polaris Global time series from 8th of January 2023 to 3rd of January 2024 and 3rd of January 2024 to 28th 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 Polaris Global Value price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Polaris Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 1.48 |
Polaris Global Value lagged returns against current returns
Autocorrelation, which is Polaris 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 Polaris Global's mutual fund expected returns. We can calculate the autocorrelation of Polaris Global returns to help us make a trade decision. For example, suppose you find that Polaris 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 |
Polaris 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 Polaris Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Polaris 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 Polaris Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Polaris Global Lagged Returns
When evaluating Polaris Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Polaris Global mutual fund have on its future price. Polaris 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, Polaris Global autocorrelation shows the relationship between Polaris Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Polaris Global Value.
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 Polaris Mutual Fund
Polaris Global financial ratios help investors to determine whether Polaris 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 Polaris with respect to the benefits of owning Polaris Global security.
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