Global Growth Fund Market Value
Global Growth's market value is the price at which a share of Global Growth trades on a public exchange. It measures the collective expectations of Global Growth Fund investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Global Growth Fund and determine expected loss or profit from investing in Global Growth over a given investment horizon. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area.
| Symbol | Global |
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| A | Agilent Technologies | Company |
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| AK | AK | ETF |
| AMZ | Alerian MLP Index | Index |
| AE | AE | Cryptocurrency |
| A9890AAA8 | USA9890AAA81 | Corporate Bond |
| ALIUSD | Aluminum Futures | Commodity |
Pair Trading with Global Growth
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Growth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Mutual Fund
| 0.94 | FNFPX | American Funds New | PairCorr |
| 0.94 | FFPNX | American Funds New | PairCorr |
| 0.94 | NPFCX | New Perspective | PairCorr |
| 0.94 | ANWPX | New Perspective | PairCorr |
| 0.88 | NPFFX | New Perspective | PairCorr |
The ability to find closely correlated positions to Global Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Growth Fund to buy it.
The correlation of Global Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Global Growth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Global Growth Correlation, Global Growth Volatility and Global Growth Alpha and Beta module to complement your research on Global Growth. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Global Growth 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.