Marsico Global Fund Market Value

MIGOX Fund  USD 26.26  0.40  1.50%   
Marsico Global's market value is the price at which a share of Marsico Global trades on a public exchange. It measures the collective expectations of Marsico Global investors about its performance. Marsico Global is trading at 26.26 as of the 23rd of December 2024; that is 1.5 percent down since the beginning of the trading day. The fund's open price was 26.66.
With this module, you can estimate the performance of a buy and hold strategy of Marsico Global and determine expected loss or profit from investing in Marsico Global over a given investment horizon. Check out Marsico Global Correlation, Marsico Global Volatility and Marsico Global Alpha and Beta module to complement your research on Marsico Global.
Symbol

Please note, there is a significant difference between Marsico Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Marsico Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Marsico Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Marsico Global '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 Marsico Global'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 Marsico Global.
0.00
11/23/2024
No Change 0.00  0.0 
In 31 days
12/23/2024
0.00
If you would invest  0.00  in Marsico Global on November 23, 2024 and sell it all today you would earn a total of 0.00 from holding Marsico Global or generate 0.0% return on investment in Marsico Global over 30 days. Marsico Global is related to or competes with Marsico Focus, Marsico 21st, Marsico Global, Marsico Growth, Marsico Midcap, Marsico Growth, and Marsico Focus. The fund invests primarily in the common stocks of U.S More

Marsico Global 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 Marsico Global'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 Marsico Global upside and downside potential and time the market with a certain degree of confidence.

Marsico Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Marsico Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Marsico Global's standard deviation. In reality, there are many statistical measures that can use Marsico Global historical prices to predict the future Marsico Global's volatility.
Hype
Prediction
LowEstimatedHigh
25.2826.2727.26
Details
Intrinsic
Valuation
LowRealHigh
25.3026.2927.28
Details

Marsico Global Backtested Returns

At this stage we consider Marsico Mutual Fund to be very steady. Marsico Global has Sharpe Ratio of 0.0493, which conveys that the entity had a 0.0493% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Marsico Global, which you can use to evaluate the volatility of the fund. Please verify Marsico Global's Mean Deviation of 0.7677, risk adjusted performance of 0.0505, and Downside Deviation of 1.2 to check out if the risk estimate we provide is consistent with the expected return of 0.0489%. The fund secures a Beta (Market Risk) of 0.0623, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Marsico Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Marsico Global is expected to be smaller as well.

Auto-correlation

    
  -0.51  

Good reverse predictability

Marsico Global has good reverse predictability. Overlapping area represents the amount of predictability between Marsico Global time series from 23rd of November 2024 to 8th of December 2024 and 8th of December 2024 to 23rd 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 Marsico Global price movement. The serial correlation of -0.51 indicates that about 51.0% of current Marsico Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.51
Spearman Rank Test-0.35
Residual Average0.0
Price Variance0.2

Marsico Global lagged returns against current returns

Autocorrelation, which is Marsico Global 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 Marsico Global's mutual fund expected returns. We can calculate the autocorrelation of Marsico Global returns to help us make a trade decision. For example, suppose you find that Marsico Global 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  

Marsico Global 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 Marsico Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Marsico Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Marsico Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Marsico Global Lagged Returns

When evaluating Marsico Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Marsico Global mutual fund have on its future price. Marsico Global 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, Marsico Global autocorrelation shows the relationship between Marsico Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Marsico Global.
   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 Marsico Mutual Fund

Marsico Global financial ratios help investors to determine whether Marsico 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 Marsico with respect to the benefits of owning Marsico Global security.
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