Polaris Global Value Fund Market Value

PGVFX Fund  USD 32.76  0.26  0.80%   
Polaris Global's market value is the price at which a share of Polaris Global trades on a public exchange. It measures the collective expectations of Polaris Global Value investors about its performance. Polaris Global is trading at 32.76 as of the 28th of March 2024; that is 0.80 percent up since the beginning of the trading day. The fund's open price was 32.5.
With this module, you can estimate the performance of a buy and hold strategy of Polaris Global Value and determine expected loss or profit from investing in Polaris Global over a given investment horizon. Check out Polaris Global Correlation, Polaris Global Volatility and Polaris Global Alpha and Beta module to complement your research on Polaris Global.
Symbol

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

Polaris 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 Polaris 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 Polaris Global.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Polaris Global on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Polaris Global Value or generate 0.0% return on investment in Polaris Global over 30 days. Polaris Global is related to or competes with American Mutual, Liberty All, Morningstar Unconstrained, Vanguard Dividend, Semiconductors Portfolio, Vanguard Total, and Putnam High. Using a value-oriented approach, the fund invests primarily in the common stock of companies of any size, both domestic ... More

Polaris 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 Polaris 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 Polaris Global Value upside and downside potential and time the market with a certain degree of confidence.

Polaris Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Polaris Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Polaris Global's standard deviation. In reality, there are many statistical measures that can use Polaris Global historical prices to predict the future Polaris 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 Polaris 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
32.0632.7633.46
Details
Intrinsic
Valuation
LowRealHigh
31.2831.9836.04
Details
Naive
Forecast
LowNextHigh
31.6132.3133.01
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
29.4131.0732.72
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Polaris Global. Your research has to be compared to or analyzed against Polaris Global's peers to derive any actionable benefits. When done correctly, Polaris Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Polaris Global Value.

Polaris Global Value Backtested Returns

We consider Polaris Global very steady. Polaris Global Value maintains Sharpe Ratio (i.e., Efficiency) of 0.0971, which implies the entity had a 0.0971% return per unit of risk over the last 12 months. We have found twenty-eight technical indicators for Polaris Global Value, which you can use to evaluate the volatility of the fund. Please check Polaris Global's Coefficient Of Variation of 972.32, semi deviation of 0.6162, and Risk Adjusted Performance of 0.0742 to confirm if the risk estimate we provide is consistent with the expected return of 0.068%. The fund holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Polaris Global returns are very sensitive to returns on the market. As the market goes up or down, Polaris Global is expected to follow.

Auto-correlation

    
  0.83  

Very good predictability

Polaris Global Value has very good predictability. Overlapping area represents the amount of predictability between Polaris Global time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Polaris Global Value price movement. The serial correlation of 0.83 indicates that around 83.0% of current Polaris Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.83
Spearman Rank Test0.87
Residual Average0.0
Price Variance0.07

Polaris Global Value lagged returns against current returns

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

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

Polaris Global Lagged Returns

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

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Polaris Global in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Polaris Global's short interest history, or implied volatility extrapolated from Polaris Global options trading.

Becoming a Better Investor with Macroaxis

Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Polaris Global Value using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.

Build Optimal Portfolios

Align your risk with return expectations

Fix your portfolio
By capturing your risk tolerance and investment horizon Macroaxis technology of instant portfolio optimization will compute exactly how much risk is acceptable for your desired return expectations
Check out Polaris Global Correlation, Polaris Global Volatility and Polaris Global Alpha and Beta module to complement your research on Polaris Global.
Note that the Polaris Global Value information on this page should be used as a complementary analysis to other Polaris Global's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

Complementary Tools for Polaris Mutual Fund analysis

When running Polaris Global's price analysis, check to measure Polaris Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Polaris Global is operating at the current time. Most of Polaris Global's value examination focuses on studying past and present price action to predict the probability of Polaris Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Polaris Global's price. Additionally, you may evaluate how the addition of Polaris Global to your portfolios can decrease your overall portfolio volatility.
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Portfolio Holdings
Check your current holdings and cash postion to detemine if your portfolio needs rebalancing
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Portfolio Anywhere
Track or share privately all of your investments from the convenience of any device
Sync Your Broker
Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.
ETF Categories
List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments
Portfolio Manager
State of the art Portfolio Manager to monitor and improve performance of your invested capital
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Polaris Global technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Polaris Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Polaris Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...