Edgepoint Global Growth Fund Market Value
| 0P0000JO4O | 29.25 0.06 0.20% |
| Symbol | Edgepoint |
Edgepoint 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 Edgepoint Global's 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 Edgepoint Global.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Edgepoint Global on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Edgepoint Global Growth or generate 0.0% return on investment in Edgepoint Global over 30 days.
Edgepoint 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 Edgepoint Global's 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 Edgepoint Global Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3723 | |||
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 1.62 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.7634 |
Edgepoint Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Edgepoint Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Edgepoint Global's standard deviation. In reality, there are many statistical measures that can use Edgepoint Global historical prices to predict the future Edgepoint Global's volatility.| Risk Adjusted Performance | 0.1075 | |||
| Jensen Alpha | 0.047 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.17) | |||
| Treynor Ratio | 1.16 |
Edgepoint Global Growth Backtested Returns
Edgepoint Global is very steady at the moment. Edgepoint Global Growth secures Sharpe Ratio (or Efficiency) of 0.18, which denotes the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Edgepoint Global Growth, which you can use to evaluate the volatility of the entity. Please confirm Edgepoint Global's Coefficient Of Variation of 659.37, downside deviation of 0.3723, and Mean Deviation of 0.3237 to check if the risk estimate we provide is consistent with the expected return of 0.0742%. The fund shows a Beta (market volatility) of 0.0451, which means not very significant fluctuations relative to the market. As returns on the market increase, Edgepoint Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Edgepoint Global is expected to be smaller as well.
Auto-correlation | 0.54 |
Modest predictability
Edgepoint Global Growth has modest predictability. Overlapping area represents the amount of predictability between Edgepoint Global time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Edgepoint Global Growth price movement. The serial correlation of 0.54 indicates that about 54.0% of current Edgepoint Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Edgepoint Global Growth lagged returns against current returns
Autocorrelation, which is Edgepoint Global 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 Edgepoint Global's fund expected returns. We can calculate the autocorrelation of Edgepoint Global returns to help us make a trade decision. For example, suppose you find that Edgepoint Global has exhibited high autocorrelation historically, and you observe that the 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 |
Edgepoint 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 Edgepoint Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Edgepoint Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Edgepoint Global fund over time.
Current vs Lagged Prices |
| Timeline |
Edgepoint Global Lagged Returns
When evaluating Edgepoint Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Edgepoint Global fund have on its future price. Edgepoint 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, Edgepoint Global autocorrelation shows the relationship between Edgepoint Global fund current value and its past values and can show if there is a momentum factor associated with investing in Edgepoint Global Growth.
Regressed Prices |
| Timeline |
Pair Trading with Edgepoint Global
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Edgepoint Global position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Edgepoint Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Edgepoint Fund
| 0.9 | 0P0000706A | RBC Select Balanced | PairCorr |
| 0.91 | 0P00007069 | RBC Portefeuille | PairCorr |
| 0.96 | 0P0000IUYO | Edgepoint Global Por | PairCorr |
| 0.79 | 0P0001FAU8 | TD Comfort Balanced | PairCorr |
| 0.9 | 0P00012UCU | RBC Global Equity | PairCorr |
The ability to find closely correlated positions to Edgepoint Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Edgepoint Global when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Edgepoint Global - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Edgepoint Global Growth to buy it.
The correlation of Edgepoint Global is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Edgepoint Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Edgepoint Global Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Edgepoint Global can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.| Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
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