Global Centrated Portfolio Fund Market Value
| MLNSX Fund | USD 20.98 0.25 1.21% |
| Symbol | Global |
Global Centrated '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 Centrated'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 Global Centrated.
| 03/28/2024 |
| 04/27/2024 |
If you would invest 0.00 in Global Centrated on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Global Centrated Portfolio or generate 0.0% return on investment in Global Centrated over 30 days. Global Centrated is related to or competes with American Funds, American Funds, New Perspective, and New Perspective. The Adviser seeks to achieve the funds investment objective by investing primarily in U.S More
Global Centrated 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 Centrated'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 Global Centrated Portfolio upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8353 | |||
| Information Ratio | 0.1161 | |||
| Maximum Drawdown | 4.78 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.63 |
Global Centrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Centrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Centrated's standard deviation. In reality, there are many statistical measures that can use Global Centrated historical prices to predict the future Global Centrated's volatility.| Risk Adjusted Performance | 0.1366 | |||
| Jensen Alpha | 0.2141 | |||
| Total Risk Alpha | 0.0693 | |||
| Sortino Ratio | 0.1268 | |||
| Treynor Ratio | (0.51) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Global Centrated'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.
Global Centrated Por Backtested Returns
We consider Global Centrated very steady. Global Centrated Por holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Global Centrated Por, which you can use to evaluate the volatility of the entity. Please check out Global Centrated's Market Risk Adjusted Performance of (0.50), risk adjusted performance of 0.1366, and Downside Deviation of 0.8353 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The fund retains a Market Volatility (i.e., Beta) of -0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Global Centrated are expected to decrease at a much lower rate. During the bear market, Global Centrated is likely to outperform the market.
Auto-correlation | -0.02 |
Very weak reverse predictability
Global Centrated Portfolio has very weak reverse predictability. Overlapping area represents the amount of predictability between Global Centrated time series from 28th of March 2024 to 12th of April 2024 and 12th of April 2024 to 27th 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 Global Centrated Por price movement. The serial correlation of -0.02 indicates that only 2.0% of current Global Centrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.02 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Global Centrated Por lagged returns against current returns
Autocorrelation, which is Global Centrated 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 Centrated's mutual fund expected returns. We can calculate the autocorrelation of Global Centrated returns to help us make a trade decision. For example, suppose you find that Global Centrated 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 Centrated 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 Centrated mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Centrated 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 Centrated mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Centrated Lagged Returns
When evaluating Global Centrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Centrated mutual fund have on its future price. Global Centrated 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 Centrated autocorrelation shows the relationship between Global Centrated mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Centrated Portfolio.
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 Global Centrated 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, Global Centrated's short interest history, or implied volatility extrapolated from Global Centrated options trading.
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Global Centrated 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.