361 Global Longshort Fund Market Value
| AGAQX Fund | USD 12.61 0.03 0.24% |
| Symbol | 361 |
361 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 361 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 361 Global.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in 361 Global on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding 361 Global Longshort or generate 0.0% return on investment in 361 Global over 360 days. 361 Global is related to or competes with 361 Global, Swan Defined, Boston Partners, and Aqr Long. The sub-adviser invests at least 80 percent of the funds net assets in equity securities and in the securities of compan... More
361 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 361 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 361 Global Longshort upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3463 | |||
| Information Ratio | (0.22) | |||
| Maximum Drawdown | 1.98 | |||
| Value At Risk | (0.47) | |||
| Potential Upside | 0.6494 |
361 Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 361 Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 361 Global's standard deviation. In reality, there are many statistical measures that can use 361 Global historical prices to predict the future 361 Global's volatility.| Risk Adjusted Performance | 0.0577 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.26) | |||
| Treynor Ratio | 0.0792 |
361 Global Longshort Backtested Returns
At this stage we consider 361 Mutual Fund to be very steady. 361 Global Longshort retains Efficiency (Sharpe Ratio) of 0.044, which signifies that the fund had a 0.044% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for 361 Global, which you can use to evaluate the volatility of the entity. Please confirm 361 Global's Coefficient Of Variation of 1093.88, standard deviation of 0.394, and Market Risk Adjusted Performance of 0.0892 to double-check if the risk estimate we provide is consistent with the expected return of 0.0169%. The entity owns a Beta (Systematic Risk) of 0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 361 Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding 361 Global is expected to be smaller as well.
Auto-correlation | 0.79 |
Good predictability
361 Global Longshort has good predictability. Overlapping area represents the amount of predictability between 361 Global time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 361 Global Longshort price movement. The serial correlation of 0.79 indicates that around 79.0% of current 361 Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
361 Global Longshort lagged returns against current returns
Autocorrelation, which is 361 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 361 Global's mutual fund expected returns. We can calculate the autocorrelation of 361 Global returns to help us make a trade decision. For example, suppose you find that 361 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 |
361 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 361 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 361 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 361 Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
361 Global Lagged Returns
When evaluating 361 Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 361 Global mutual fund have on its future price. 361 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, 361 Global autocorrelation shows the relationship between 361 Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 361 Global Longshort.
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 361 Mutual Fund
361 Global financial ratios help investors to determine whether 361 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 361 with respect to the benefits of owning 361 Global security.
| Watchlist Optimization Optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm | |
| Portfolio File Import Quickly import all of your third-party portfolios from your local drive in csv format |