Global Opportunities Fund Market Value
| FLFGX Fund | USD 12.15 0.08 0.66% |
| Symbol | GLOBAL |
Global Opportunities '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 Global Opportunities' 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 Global Opportunities.
| 03/29/2024 |
| 05/28/2024 |
If you would invest 0.00 in Global Opportunities on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Global Opportunities Fund or generate 0.0% return on investment in Global Opportunities over 60 days. Global Opportunities is related to or competes with Dynamic Growth, Quantex Fund, Balanced Fund, Infrastructure Fund, and Muirfield Fund. The fund has significant flexibility to invest in a broad range of equity and fixed income asset classes in the United S... More
Global Opportunities 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 Global Opportunities' 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 Global Opportunities Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.609 | |||
| Information Ratio | 0.0283 | |||
| Maximum Drawdown | 2.45 | |||
| Value At Risk | (0.84) | |||
| Potential Upside | 1.02 |
Global Opportunities Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Opportunities' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Opportunities' standard deviation. In reality, there are many statistical measures that can use Global Opportunities historical prices to predict the future Global Opportunities' volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 0.0185 | |||
| Total Risk Alpha | 0.0151 | |||
| Sortino Ratio | 0.0288 | |||
| Treynor Ratio | 0.057 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Opportunities' 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.
Global Opportunities Backtested Returns
We consider Global Opportunities very steady. Global Opportunities holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Global Opportunities, which you can use to evaluate the volatility of the entity. Please check out Global Opportunities' Risk Adjusted Performance of 0.0623, market risk adjusted performance of 0.067, and Downside Deviation of 0.609 to validate if the risk estimate we provide is consistent with the expected return of 0.0728%. The fund retains a Market Volatility (i.e., Beta) of 0.98, which attests to possible diversification benefits within a given portfolio. Global Opportunities returns are very sensitive to returns on the market. As the market goes up or down, Global Opportunities is expected to follow.
Auto-correlation | -0.8 |
Almost perfect reverse predictability
Global Opportunities Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Global Opportunities time series from 29th of March 2024 to 28th of April 2024 and 28th of April 2024 to 28th of May 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 Global Opportunities price movement. The serial correlation of -0.8 indicates that around 80.0% of current Global Opportunities price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.8 | |
| Spearman Rank Test | -0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Global Opportunities lagged returns against current returns
Autocorrelation, which is Global Opportunities 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 Global Opportunities' mutual fund expected returns. We can calculate the autocorrelation of Global Opportunities returns to help us make a trade decision. For example, suppose you find that Global Opportunities 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 |
Global Opportunities 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 Global Opportunities mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Opportunities mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Global Opportunities mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Opportunities Lagged Returns
When evaluating Global Opportunities' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Opportunities mutual fund have on its future price. Global Opportunities 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, Global Opportunities autocorrelation shows the relationship between Global Opportunities mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Opportunities Fund.
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 Global Opportunities Correlation, Global Opportunities Volatility and Global Opportunities Alpha and Beta module to complement your research on Global Opportunities. Note that the Global Opportunities information on this page should be used as a complementary analysis to other Global Opportunities' 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.
Global Opportunities 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.