Global Stock Fund Market Value
| DGLCX Fund | USD 21.09 0.04 0.19% |
| Symbol | Global |
Global Stock '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 Stock'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 Stock.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Global Stock on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Global Stock Fund or generate 0.0% return on investment in Global Stock over 30 days. Global Stock is related to or competes with International Stock, Global Stock, Virtus Kar, and T Rowe. To pursue its goal, the fund normally invests at least 80 percent of its net assets, plus any borrowings for investment ... More
Global Stock 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 Stock'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 Stock Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7647 | |||
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 3.32 | |||
| Value At Risk | (1.27) | |||
| Potential Upside | 1.06 |
Global Stock Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Stock's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Stock's standard deviation. In reality, there are many statistical measures that can use Global Stock historical prices to predict the future Global Stock's volatility.| Risk Adjusted Performance | 0.0284 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | (0.11) | |||
| Treynor Ratio | 0.0239 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Stock'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 Stock Backtested Returns
At this stage we consider Global Mutual Fund to be very steady. Global Stock holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Stock, which you can use to evaluate the volatility of the entity. Please check out Global Stock's Risk Adjusted Performance of 0.0284, market risk adjusted performance of 0.0339, and Downside Deviation of 0.7647 to validate if the risk estimate we provide is consistent with the expected return of 0.0781%. The fund retains a Market Volatility (i.e., Beta) of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Stock's returns are expected to increase less than the market. However, during the bear market, the loss of holding Global Stock is expected to be smaller as well.
Auto-correlation | 0.10 |
Insignificant predictability
Global Stock Fund has insignificant predictability. Overlapping area represents the amount of predictability between Global Stock time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Stock price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Global Stock price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Global Stock lagged returns against current returns
Autocorrelation, which is Global Stock 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 Stock's mutual fund expected returns. We can calculate the autocorrelation of Global Stock returns to help us make a trade decision. For example, suppose you find that Global Stock 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 Stock 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 Stock mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Stock 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 Stock mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Stock Lagged Returns
When evaluating Global Stock's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Stock mutual fund have on its future price. Global Stock 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 Stock autocorrelation shows the relationship between Global Stock mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Stock 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 Stock 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 Stock security.
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories |