Guidemark Smallmid Cap Fund Market Value
| GMSMX Fund | USD 23.01 0.04 0.17% |
| Symbol | Guidemark(r) |
Guidemark(r) Small/mid '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 Guidemark(r) Small/mid'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 Guidemark(r) Small/mid.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Guidemark(r) Small/mid on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Guidemark Smallmid Cap or generate 0.0% return on investment in Guidemark(r) Small/mid over 30 days. Guidemark(r) Small/mid is related to or competes with Semiconductor Ultrasector, T Rowe, T Rowe, Old Westbury, Scharf Global, Artisan Thematic, and Touchstone Large. Under normal circumstances, the fund invests at least 80 percent of its assets in the securities of small-to-medium capi... More
Guidemark(r) Small/mid 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 Guidemark(r) Small/mid'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 Guidemark Smallmid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9958 | |||
| Information Ratio | 0.0427 | |||
| Maximum Drawdown | 6.31 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.82 |
Guidemark(r) Small/mid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guidemark(r) Small/mid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guidemark(r) Small/mid's standard deviation. In reality, there are many statistical measures that can use Guidemark(r) Small/mid historical prices to predict the future Guidemark(r) Small/mid's volatility.| Risk Adjusted Performance | 0.1111 | |||
| Jensen Alpha | 0.1342 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0494 | |||
| Treynor Ratio | 0.8596 |
Guidemark Smallmid Cap Backtested Returns
Guidemark(r) Small/mid appears to be very steady, given 3 months investment horizon. Guidemark Smallmid Cap holds Efficiency (Sharpe) Ratio of 0.2, which attests that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guidemark Smallmid Cap, which you can use to evaluate the volatility of the entity. Please utilize Guidemark(r) Small/mid's Risk Adjusted Performance of 0.1111, market risk adjusted performance of 0.8696, and Downside Deviation of 0.9958 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guidemark(r) Small/mid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guidemark(r) Small/mid is expected to be smaller as well.
Auto-correlation | 0.77 |
Good predictability
Guidemark Smallmid Cap has good predictability. Overlapping area represents the amount of predictability between Guidemark(r) Small/mid 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 Guidemark Smallmid Cap price movement. The serial correlation of 0.77 indicates that around 77.0% of current Guidemark(r) Small/mid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.19 |
Guidemark Smallmid Cap lagged returns against current returns
Autocorrelation, which is Guidemark(r) Small/mid 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 Guidemark(r) Small/mid's mutual fund expected returns. We can calculate the autocorrelation of Guidemark(r) Small/mid returns to help us make a trade decision. For example, suppose you find that Guidemark(r) Small/mid 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 |
Guidemark(r) Small/mid 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 Guidemark(r) Small/mid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guidemark(r) Small/mid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guidemark(r) Small/mid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guidemark(r) Small/mid Lagged Returns
When evaluating Guidemark(r) Small/mid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guidemark(r) Small/mid mutual fund have on its future price. Guidemark(r) Small/mid 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, Guidemark(r) Small/mid autocorrelation shows the relationship between Guidemark(r) Small/mid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guidemark Smallmid Cap.
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 Guidemark(r) Mutual Fund
Guidemark(r) Small/mid financial ratios help investors to determine whether Guidemark(r) 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 Guidemark(r) with respect to the benefits of owning Guidemark(r) Small/mid security.
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets |