Us Global Leaders Fund Market Value
| USLIX Fund | USD 73.58 0.24 0.33% |
| Symbol | USLIX |
Us 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 Us 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 Us Global.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Us Global on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Us Global Leaders or generate 0.0% return on investment in Us Global over 30 days. Us Global is related to or competes with American Funds. The fund invests at least 80 percent of the funds net assets will be invested in common stocks of companies the manager ... More
Us 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 Us 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 Us Global Leaders upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7895 | |||
| Information Ratio | 0.0094 | |||
| Maximum Drawdown | 3.83 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.32 |
Us Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Us Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Us Global's standard deviation. In reality, there are many statistical measures that can use Us Global historical prices to predict the future Us Global's volatility.| Risk Adjusted Performance | 0.0619 | |||
| Jensen Alpha | 0.0602 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0094 | |||
| Treynor Ratio | 0.6709 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Us 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.
Us Global Leaders Backtested Returns
We consider Us Global very steady. Us Global Leaders retains Efficiency (Sharpe Ratio) of 0.063, which indicates the fund had a 0.063% return per unit of price deviation over the last 3 months. We have found twenty-seven technical indicators for Us Global, which you can use to evaluate the volatility of the fund. Please validate Us Global's Downside Deviation of 0.7895, risk adjusted performance of 0.0619, and Mean Deviation of 0.6013 to confirm if the risk estimate we provide is consistent with the expected return of 0.0498%. The entity owns a Beta (Systematic Risk) of 0.0984, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Us Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Us Global is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
Us Global Leaders has good predictability. Overlapping area represents the amount of predictability between Us Global time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 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 Us Global Leaders price movement. The serial correlation of 0.72 indicates that around 72.0% of current Us Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Us Global Leaders lagged returns against current returns
Autocorrelation, which is Us 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 Us Global's mutual fund expected returns. We can calculate the autocorrelation of Us Global returns to help us make a trade decision. For example, suppose you find that Us 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 |
Us 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 Us Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Us 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 Us Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Us Global Lagged Returns
When evaluating Us Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Us Global mutual fund have on its future price. Us 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, Us Global autocorrelation shows the relationship between Us Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Us Global Leaders.
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 Us 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, Us Global's short interest history, or implied volatility extrapolated from Us Global options trading.
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.Check out Us Global Correlation, Us Global Volatility and Us Global Alpha and Beta module to complement your research on Us Global. You can also try the Portfolio Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.
Us 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.