Investec Global Franchise Fund Market Value
| ZGFIX Fund | USD 16.13 0.03 0.19% |
| 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.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Investec Global on March 20, 2024 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 30 days. Investec Global is related to or competes with Investec Emerging, Investec Emerging, Ninety One, and Ninety One. 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 | 0.7138 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.35 | |||
| Value At Risk | (1.15) | |||
| Potential Upside | 1.03 |
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 | 0.0075 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Investec 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.
Investec Global Franchise Backtested Returns
Investec Global Franchise holds Efficiency (Sharpe) Ratio of -0.0292, which attests that the entity had a -0.0292% return per unit of risk over the last 3 months. Investec Global Franchise exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Investec Global's Risk Adjusted Performance of 0.0075, market risk adjusted performance of 0.0069, and Downside Deviation of 0.7138 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.94, which attests to possible diversification benefits within a given portfolio. Investec Global returns are very sensitive to returns on the market. As the market goes up or down, Investec Global is expected to follow.
Auto-correlation | 0.75 |
Good predictability
Investec Global Franchise has good predictability. Overlapping area represents the amount of predictability between Investec 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 Investec Global Franchise price movement. The serial correlation of 0.75 indicates that around 75.0% of current Investec Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
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.Check out Investec Global Correlation, Investec Global Volatility and Investec Global Alpha and Beta module to complement your research on Investec Global. You can also try the Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.
Investec 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.