Chautauqua Global Growth Fund Market Value
| CCGIX Fund | USD 21.93 0.33 1.53% |
| Symbol | Chautauqua |
Chautauqua 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 Chautauqua 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 Chautauqua Global.
| 05/30/2023 |
| 04/24/2024 |
If you would invest 0.00 in Chautauqua Global on May 30, 2023 and sell it all today you would earn a total of 0.00 from holding Chautauqua Global Growth or generate 0.0% return on investment in Chautauqua Global over 330 days. Chautauqua Global is related to or competes with Chautauqua International, Baird Short, Baird Ultra, Quantified Stf, and Baird Midcap. The fund invests primarily in equity securities of both U.S More
Chautauqua 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 Chautauqua 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 Chautauqua Global Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8149 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.22 | |||
| Value At Risk | (1.28) | |||
| Potential Upside | 1.53 |
Chautauqua Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chautauqua Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chautauqua Global's standard deviation. In reality, there are many statistical measures that can use Chautauqua Global historical prices to predict the future Chautauqua Global's volatility.| Risk Adjusted Performance | 0.058 | |||
| Jensen Alpha | 0.0671 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (6.90) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Chautauqua 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.
Chautauqua Global Growth Backtested Returns
We consider Chautauqua Global very steady. Chautauqua Global Growth secures Sharpe Ratio (or Efficiency) of 0.0886, which signifies that the fund had a 0.0886% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Chautauqua Global Growth, which you can use to evaluate the volatility of the entity. Please confirm Chautauqua Global's risk adjusted performance of 0.058, and Mean Deviation of 0.6483 to double-check if the risk estimate we provide is consistent with the expected return of 0.0762%. The fund shows a Beta (market volatility) of -0.0096, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Chautauqua Global are expected to decrease at a much lower rate. During the bear market, Chautauqua Global is likely to outperform the market.
Auto-correlation | -0.65 |
Very good reverse predictability
Chautauqua Global Growth has very good reverse predictability. Overlapping area represents the amount of predictability between Chautauqua Global time series from 30th of May 2023 to 11th of November 2023 and 11th of November 2023 to 24th 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 Chautauqua Global Growth price movement. The serial correlation of -0.65 indicates that roughly 65.0% of current Chautauqua Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.65 | |
| Spearman Rank Test | -0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Chautauqua Global Growth lagged returns against current returns
Autocorrelation, which is Chautauqua 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 Chautauqua Global's mutual fund expected returns. We can calculate the autocorrelation of Chautauqua Global returns to help us make a trade decision. For example, suppose you find that Chautauqua 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 |
Chautauqua 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 Chautauqua Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chautauqua 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 Chautauqua Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Chautauqua Global Lagged Returns
When evaluating Chautauqua Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chautauqua Global mutual fund have on its future price. Chautauqua 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, Chautauqua Global autocorrelation shows the relationship between Chautauqua Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Chautauqua Global Growth.
Regressed Prices |
| Timeline |
Pair Trading with Chautauqua Global
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 Chautauqua Global 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 Chautauqua Global will appreciate offsetting losses from the drop in the long position's value.Moving together with Chautauqua Mutual Fund
| 0.85 | FNFPX | American Funds New | PairCorr |
| 0.85 | FFPNX | American Funds New | PairCorr |
| 0.85 | NPFCX | New Perspective | PairCorr |
| 0.85 | ANWPX | New Perspective | PairCorr |
| 0.85 | NPFFX | New Perspective | PairCorr |
Moving against Chautauqua Mutual Fund
| 0.6 | PFHCX | Pacific Funds Small | PairCorr |
The ability to find closely correlated positions to Chautauqua Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chautauqua Global 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 Chautauqua Global - 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 Chautauqua Global Growth to buy it.
The correlation of Chautauqua Global 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 Chautauqua Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chautauqua 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 Chautauqua Global 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 Chautauqua Global Correlation, Chautauqua Global Volatility and Chautauqua Global Alpha and Beta module to complement your research on Chautauqua Global. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Chautauqua 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.