Guidepath Multi Asset Income Fund Market Value
| GPMIX Fund | USD 11.22 0.02 0.18% |
| Symbol | Guidepath |
Guidepath Multi '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 Guidepath Multi'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 Guidepath Multi.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in Guidepath Multi on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding Guidepath Multi Asset Income or generate 0.0% return on investment in Guidepath Multi over 720 days. Guidepath Multi is related to or competes with Guidemark Large, Dodge Cox, Touchstone Large, American Mutual, Qs Large, and Pace Large. The fund operates as a fund of funds, investing primarily in registered mutual funds and exchange-traded funds More
Guidepath Multi 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 Guidepath Multi'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 Guidepath Multi Asset Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3129 | |||
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 1.43 | |||
| Value At Risk | (0.44) | |||
| Potential Upside | 0.5343 |
Guidepath Multi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guidepath Multi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guidepath Multi's standard deviation. In reality, there are many statistical measures that can use Guidepath Multi historical prices to predict the future Guidepath Multi's volatility.| Risk Adjusted Performance | 0.034 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.25) | |||
| Treynor Ratio | 0.0372 |
Guidepath Multi Asset Backtested Returns
At this stage we consider Guidepath Mutual Fund to be very steady. Guidepath Multi Asset holds Efficiency (Sharpe) Ratio of 0.0187, which attests that the entity had a 0.0187% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guidepath Multi Asset, which you can use to evaluate the volatility of the entity. Please check out Guidepath Multi's Downside Deviation of 0.3129, market risk adjusted performance of 0.0472, and Risk Adjusted Performance of 0.034 to validate if the risk estimate we provide is consistent with the expected return of 0.006%. The fund retains a Market Volatility (i.e., Beta) of 0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guidepath Multi's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guidepath Multi is expected to be smaller as well.
Auto-correlation | -0.07 |
Very weak reverse predictability
Guidepath Multi Asset Income has very weak reverse predictability. Overlapping area represents the amount of predictability between Guidepath Multi time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 Guidepath Multi Asset price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Guidepath Multi price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Guidepath Multi Asset lagged returns against current returns
Autocorrelation, which is Guidepath Multi 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 Guidepath Multi's mutual fund expected returns. We can calculate the autocorrelation of Guidepath Multi returns to help us make a trade decision. For example, suppose you find that Guidepath Multi 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 |
Guidepath Multi 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 Guidepath Multi mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guidepath Multi mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guidepath Multi mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guidepath Multi Lagged Returns
When evaluating Guidepath Multi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guidepath Multi mutual fund have on its future price. Guidepath Multi 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, Guidepath Multi autocorrelation shows the relationship between Guidepath Multi mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guidepath Multi Asset Income.
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 Guidepath Mutual Fund
Guidepath Multi financial ratios help investors to determine whether Guidepath 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 Guidepath with respect to the benefits of owning Guidepath Multi security.
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