Mondrian Global Equity Fund Market Value

MPGVX Fund  USD 14.87  0.01  0.07%   
Mondrian Global's market value is the price at which a share of Mondrian Global trades on a public exchange. It measures the collective expectations of Mondrian Global Equity investors about its performance. Mondrian Global is trading at 14.87 as of the 5th of December 2024; that is 0.07 percent increase since the beginning of the trading day. The fund's open price was 14.86.
With this module, you can estimate the performance of a buy and hold strategy of Mondrian Global Equity and determine expected loss or profit from investing in Mondrian Global over a given investment horizon. Check out Mondrian Global Correlation, Mondrian Global Volatility and Mondrian Global Alpha and Beta module to complement your research on Mondrian Global.
Symbol

Please note, there is a significant difference between Mondrian Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mondrian Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mondrian 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.

Mondrian 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 Mondrian 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 Mondrian Global.
0.00
06/08/2024
No Change 0.00  0.0 
In 5 months and 29 days
12/05/2024
0.00
If you would invest  0.00  in Mondrian Global on June 8, 2024 and sell it all today you would earn a total of 0.00 from holding Mondrian Global Equity or generate 0.0% return on investment in Mondrian Global over 180 days. Mondrian Global is related to or competes with Massmutual Select, Chartwell Small, Small Company, The Hartford, Tax-managed, and Champlain Small. The fund is a global fund and generally invests in equity securities of companies around the world, that, in the Adviser... More

Mondrian 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 Mondrian 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 Mondrian Global Equity upside and downside potential and time the market with a certain degree of confidence.

Mondrian Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Mondrian Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mondrian Global's standard deviation. In reality, there are many statistical measures that can use Mondrian Global historical prices to predict the future Mondrian Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mondrian Global's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Hype
Prediction
LowEstimatedHigh
14.2114.8615.51
Details
Intrinsic
Valuation
LowRealHigh
13.6914.3414.99
Details
Naive
Forecast
LowNextHigh
14.3114.9615.61
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
14.6914.8114.92
Details

Mondrian Global Equity Backtested Returns

Mondrian Global Equity has Sharpe Ratio of -0.002, which conveys that the entity had a -0.002% return per unit of risk over the last 3 months. Mondrian Global exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mondrian Global's Standard Deviation of 0.6451, mean deviation of 0.517, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0216, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mondrian Global are expected to decrease at a much lower rate. During the bear market, Mondrian Global is likely to outperform the market.

Auto-correlation

    
  -0.55  

Good reverse predictability

Mondrian Global Equity has good reverse predictability. Overlapping area represents the amount of predictability between Mondrian Global time series from 8th of June 2024 to 6th of September 2024 and 6th of September 2024 to 5th 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 Mondrian Global Equity price movement. The serial correlation of -0.55 indicates that about 55.0% of current Mondrian Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.55
Spearman Rank Test-0.48
Residual Average0.0
Price Variance0.1

Mondrian Global Equity lagged returns against current returns

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

Mondrian 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 Mondrian Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mondrian 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 Mondrian Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Mondrian Global Lagged Returns

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

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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 Mondrian Mutual Fund

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