Great West Real Estate Fund Market Value
| MXSFX Fund | USD 9.80 0.06 0.62% |
| Symbol | Great-west |
Great-west Real '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 Great-west Real'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 Great-west Real.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in Great-west Real on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding Great West Real Estate or generate 0.0% return on investment in Great-west Real over 180 days. Great-west Real is related to or competes with Qs Moderate, William Blair, T Rowe, Goldman Sachs, and Smallcap Growth. Under normal circumstances, the fund invests at least 80 percent of its net assets in securities of the companies includ... More
Great-west Real 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 Great-west Real'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 Great West Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8276 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.67 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.37 |
Great-west Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Great-west Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Great-west Real's standard deviation. In reality, there are many statistical measures that can use Great-west Real historical prices to predict the future Great-west Real's volatility.| Risk Adjusted Performance | 0.0741 | |||
| Jensen Alpha | 0.0389 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | 0.2901 |
Great West Real Backtested Returns
At this stage we consider Great-west Mutual Fund to be very steady. Great West Real holds Efficiency (Sharpe) Ratio of 0.0868, which attests that the entity had a 0.0868% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Great West Real, which you can use to evaluate the volatility of the entity. Please check out Great-west Real's Downside Deviation of 0.8276, market risk adjusted performance of 0.3001, and Risk Adjusted Performance of 0.0741 to validate if the risk estimate we provide is consistent with the expected return of 0.0718%. The fund retains a Market Volatility (i.e., Beta) of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Great-west Real's returns are expected to increase less than the market. However, during the bear market, the loss of holding Great-west Real is expected to be smaller as well.
Auto-correlation | -0.01 |
Very weak reverse predictability
Great West Real Estate has very weak reverse predictability. Overlapping area represents the amount of predictability between Great-west Real time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 Great West Real price movement. The serial correlation of -0.01 indicates that just 1.0% of current Great-west Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Great West Real lagged returns against current returns
Autocorrelation, which is Great-west Real 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 Great-west Real's mutual fund expected returns. We can calculate the autocorrelation of Great-west Real returns to help us make a trade decision. For example, suppose you find that Great-west Real 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 |
Great-west Real 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 Great-west Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Great-west Real mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Great-west Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Great-west Real Lagged Returns
When evaluating Great-west Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Great-west Real mutual fund have on its future price. Great-west Real 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, Great-west Real autocorrelation shows the relationship between Great-west Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Great West Real Estate.
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 Great-west Mutual Fund
Great-west Real financial ratios help investors to determine whether Great-west 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 Great-west with respect to the benefits of owning Great-west Real security.
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