Mondrian Global Equity Fund Market Value
| MPGVX Fund | USD 14.89 0.02 0.13% |
| Symbol | Mondrian |
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.
| 11/07/2024 |
| 12/07/2024 |
If you would invest 0.00 in Mondrian Global on November 7, 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 30 days. Mondrian Global is related to or competes with Us Government, Dunham Porategovernment, John Hancock, Long Term, and Aig Government. 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.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.1 | |||
| Value At Risk | (1.03) | |||
| Potential Upside | 0.9211 |
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.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 1.45 |
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.
Mondrian Global Equity Backtested Returns
Mondrian Global Equity has Sharpe Ratio of -0.014, which conveys that the entity had a -0.014% return per unit of risk over the last 3 months. Mondrian Global exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mondrian Global's Mean Deviation of 0.5079, standard deviation of 0.6374, and Risk Adjusted Performance of (0.03) to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of -0.0257, 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 | -0.84 |
Excellent reverse predictability
Mondrian Global Equity has excellent reverse predictability. Overlapping area represents the amount of predictability between Mondrian Global time series from 7th of November 2024 to 22nd of November 2024 and 22nd of November 2024 to 7th 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 -0.84 indicates that around 84.0% of current Mondrian Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
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 |
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 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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