Global Strategy Fund Market Value
| VGLSX Fund | USD 10.37 0.02 0.19% |
| Symbol | Global |
Global Strategy '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 Strategy'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 Strategy.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in Global Strategy on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding Global Strategy Fund or generate 0.0% return on investment in Global Strategy over 30 days. Global Strategy is related to or competes with Rational/pier, Absolute Convertible, Gabelli Convertible, Rationalpier, Lord Abbett, and Fidelity Sai. Under normal market conditions, the fund invests in equity securities of companies in any country, fixed income securiti... More
Global Strategy 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 Strategy'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 Strategy Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5568 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.16 | |||
| Value At Risk | (0.68) | |||
| Potential Upside | 0.789 |
Global Strategy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Strategy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Strategy's standard deviation. In reality, there are many statistical measures that can use Global Strategy historical prices to predict the future Global Strategy's volatility.| Risk Adjusted Performance | 0.0592 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0729 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Strategy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Global Strategy Backtested Returns
At this stage we consider Global Mutual Fund to be very steady. Global Strategy holds Efficiency (Sharpe) Ratio of 0.14, which attests that the entity had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Strategy, which you can use to evaluate the volatility of the entity. Please check out Global Strategy's Market Risk Adjusted Performance of 0.0829, downside deviation of 0.5568, and Risk Adjusted Performance of 0.0592 to validate if the risk estimate we provide is consistent with the expected return of 0.0577%. The fund retains a Market Volatility (i.e., Beta) of 0.4, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Strategy's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Strategy is expected to be smaller as well.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Global Strategy Fund has insignificant reverse predictability. Overlapping area represents the amount of predictability between Global Strategy time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 Strategy price movement. The serial correlation of -0.2 indicates that over 20.0% of current Global Strategy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Global Strategy lagged returns against current returns
Autocorrelation, which is Global Strategy 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 Strategy's mutual fund expected returns. We can calculate the autocorrelation of Global Strategy returns to help us make a trade decision. For example, suppose you find that Global Strategy 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 Strategy 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 Strategy mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Strategy 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 Strategy mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Strategy Lagged Returns
When evaluating Global Strategy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Strategy mutual fund have on its future price. Global Strategy 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 Strategy autocorrelation shows the relationship between Global Strategy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Strategy 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 Strategy 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 Strategy security.
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