Investec Global Franchise Fund Market Value
| ZGFAX Fund | USD 18.12 0.15 0.83% |
| Symbol | Investec |
Investec 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 Investec 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 Investec Global.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Investec Global on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Investec Global Franchise or generate 0.0% return on investment in Investec Global over 360 days. Investec Global is related to or competes with Lord Abbett, Fidelity Sai, Advent Claymore, and Putnam Convertible. Under normal circumstances, the Adviser seeks to achieve the funds investment objective by investing primarily in common... More
Investec 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 Investec 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 Investec Global Franchise upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5894 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 2.33 | |||
| Value At Risk | (0.92) | |||
| Potential Upside | 0.9233 |
Investec Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Investec Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Investec Global's standard deviation. In reality, there are many statistical measures that can use Investec Global historical prices to predict the future Investec Global's volatility.| Risk Adjusted Performance | 0.0909 | |||
| Jensen Alpha | 0.0635 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (3.30) |
Investec Global Franchise Backtested Returns
At this stage we consider Investec Mutual Fund to be very steady. Investec Global Franchise holds Efficiency (Sharpe) Ratio of 0.0815, which attests that the entity had a 0.0815% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Investec Global Franchise, which you can use to evaluate the volatility of the entity. Please check out Investec Global's Downside Deviation of 0.5894, risk adjusted performance of 0.0909, and Market Risk Adjusted Performance of (3.29) to validate if the risk estimate we provide is consistent with the expected return of 0.0444%. The fund retains a Market Volatility (i.e., Beta) of -0.0186, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Investec Global are expected to decrease at a much lower rate. During the bear market, Investec Global is likely to outperform the market.
Auto-correlation | 0.10 |
Insignificant predictability
Investec Global Franchise has insignificant predictability. Overlapping area represents the amount of predictability between Investec Global time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Investec Global Franchise price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Investec Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Investec Global Franchise lagged returns against current returns
Autocorrelation, which is Investec 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 Investec Global's mutual fund expected returns. We can calculate the autocorrelation of Investec Global returns to help us make a trade decision. For example, suppose you find that Investec 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 |
Investec 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 Investec Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Investec 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 Investec Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Investec Global Lagged Returns
When evaluating Investec Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Investec Global mutual fund have on its future price. Investec 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, Investec Global autocorrelation shows the relationship between Investec Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Investec Global Franchise.
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 Investec Mutual Fund
Investec Global financial ratios help investors to determine whether Investec 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 Investec with respect to the benefits of owning Investec Global security.
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