Polaris Global Value Fund Market Value
PGVFX Fund | USD 32.76 0.26 0.80% |
Symbol | Polaris |
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.
02/27/2024 |
| 03/28/2024 |
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.
Downside Deviation | 0.7112 | |||
Information Ratio | (0.01) | |||
Maximum Drawdown | 4.61 | |||
Value At Risk | (1.16) | |||
Potential Upside | 1.11 |
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.Risk Adjusted Performance | 0.0742 | |||
Jensen Alpha | 0.003 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | (0.01) | |||
Treynor Ratio | 0.0732 |
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.
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 Coefficient | 0.83 | |
Spearman Rank Test | 0.87 | |
Residual Average | 0.0 | |
Price Variance | 0.07 |
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.
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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.
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