Goehring Rozencwajg Resources Fund Market Value
| GRHAX Fund | USD 14.09 0.17 1.22% |
| Symbol | Goehring |
Goehring Rozencwajg '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 Goehring Rozencwajg'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 Goehring Rozencwajg.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in Goehring Rozencwajg on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding Goehring Rozencwajg Resources or generate 0.0% return on investment in Goehring Rozencwajg over 540 days. Goehring Rozencwajg is related to or competes with Davenport Small, Sentinel Small, Blackrock, American Century, Oppenheimer International, and The Gabelli. Under normal circumstances, the fund invests at least 80 percent of its net assets in securities of natural resources co... More
Goehring Rozencwajg 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 Goehring Rozencwajg'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 Goehring Rozencwajg Resources upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.61 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 6.17 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 2.47 |
Goehring Rozencwajg Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Goehring Rozencwajg's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Goehring Rozencwajg's standard deviation. In reality, there are many statistical measures that can use Goehring Rozencwajg historical prices to predict the future Goehring Rozencwajg's volatility.| Risk Adjusted Performance | 0.0697 | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.1218 |
Goehring Rozencwajg Backtested Returns
Goehring Rozencwajg appears to be very steady, given 3 months investment horizon. Goehring Rozencwajg holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Goehring Rozencwajg, which you can use to evaluate the volatility of the entity. Please utilize Goehring Rozencwajg's Market Risk Adjusted Performance of 0.1318, downside deviation of 1.61, and Risk Adjusted Performance of 0.0697 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.92, which attests to possible diversification benefits within a given portfolio. Goehring Rozencwajg returns are very sensitive to returns on the market. As the market goes up or down, Goehring Rozencwajg is expected to follow.
Auto-correlation | 0.15 |
Insignificant predictability
Goehring Rozencwajg Resources has insignificant predictability. Overlapping area represents the amount of predictability between Goehring Rozencwajg time series from 8th of June 2023 to 4th of March 2024 and 4th of March 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 Goehring Rozencwajg price movement. The serial correlation of 0.15 indicates that less than 15.0% of current Goehring Rozencwajg price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.15 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.46 |
Goehring Rozencwajg lagged returns against current returns
Autocorrelation, which is Goehring Rozencwajg 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 Goehring Rozencwajg's mutual fund expected returns. We can calculate the autocorrelation of Goehring Rozencwajg returns to help us make a trade decision. For example, suppose you find that Goehring Rozencwajg 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 |
Goehring Rozencwajg 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 Goehring Rozencwajg mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Goehring Rozencwajg mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Goehring Rozencwajg mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Goehring Rozencwajg Lagged Returns
When evaluating Goehring Rozencwajg's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Goehring Rozencwajg mutual fund have on its future price. Goehring Rozencwajg 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, Goehring Rozencwajg autocorrelation shows the relationship between Goehring Rozencwajg mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Goehring Rozencwajg Resources.
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 Goehring Mutual Fund
Goehring Rozencwajg financial ratios help investors to determine whether Goehring 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 Goehring with respect to the benefits of owning Goehring Rozencwajg security.
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