Guinness Atkinson China Fund Market Value
| ICHKX Fund | USD 13.01 0.05 0.39% |
| Symbol | Guinness |
Guinness Atkinson '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 Guinness Atkinson'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 Guinness Atkinson.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Guinness Atkinson on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Guinness Atkinson China or generate 0.0% return on investment in Guinness Atkinson over 720 days. Guinness Atkinson is related to or competes with Guinness Atkinson, Matthews China, Columbia Greater, and Eaton Vance. The fund invests at least 80 percent of its net assets in publicly-traded equity securities of companies that are either... More
Guinness Atkinson 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 Guinness Atkinson'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 Guinness Atkinson China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.16 | |||
| Information Ratio | 0.057 | |||
| Maximum Drawdown | 13.31 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 5.18 |
Guinness Atkinson Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guinness Atkinson's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guinness Atkinson's standard deviation. In reality, there are many statistical measures that can use Guinness Atkinson historical prices to predict the future Guinness Atkinson's volatility.| Risk Adjusted Performance | 0.0913 | |||
| Jensen Alpha | 0.2396 | |||
| Total Risk Alpha | (0.1) | |||
| Sortino Ratio | 0.061 | |||
| Treynor Ratio | 4.28 |
Guinness Atkinson China Backtested Returns
Guinness Atkinson appears to be not too volatile, given 3 months investment horizon. Guinness Atkinson China holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guinness Atkinson China, which you can use to evaluate the volatility of the entity. Please utilize Guinness Atkinson's Downside Deviation of 2.16, risk adjusted performance of 0.0913, and Market Risk Adjusted Performance of 4.29 to validate if our risk estimates are consistent with your expectations. The fund retains a Market Volatility (i.e., Beta) of 0.0575, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guinness Atkinson's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guinness Atkinson is expected to be smaller as well.
Auto-correlation | -0.34 |
Poor reverse predictability
Guinness Atkinson China has poor reverse predictability. Overlapping area represents the amount of predictability between Guinness Atkinson time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Guinness Atkinson China price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Guinness Atkinson price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 0.77 |
Guinness Atkinson China lagged returns against current returns
Autocorrelation, which is Guinness Atkinson 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 Guinness Atkinson's mutual fund expected returns. We can calculate the autocorrelation of Guinness Atkinson returns to help us make a trade decision. For example, suppose you find that Guinness Atkinson 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 |
Guinness Atkinson 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 Guinness Atkinson mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guinness Atkinson mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guinness Atkinson mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guinness Atkinson Lagged Returns
When evaluating Guinness Atkinson's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guinness Atkinson mutual fund have on its future price. Guinness Atkinson 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, Guinness Atkinson autocorrelation shows the relationship between Guinness Atkinson mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guinness Atkinson China.
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 Guinness Mutual Fund
Guinness Atkinson financial ratios help investors to determine whether Guinness 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 Guinness with respect to the benefits of owning Guinness Atkinson security.
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