Green Century Equity Fund Market Value
| GCEUX Fund | USD 79.39 1.03 1.31% |
| Symbol | Green |
Green Century '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 Green Century'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 Green Century.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Green Century on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Green Century Equity or generate 0.0% return on investment in Green Century over 30 days. Green Century is related to or competes with Amana Income, Amana Income, Amana Developing, and Amana Developing. The fund invests substantially all of its assets in the common stocks which make up the underlying index More
Green Century 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 Green Century'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 Green Century Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8611 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.17 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.31 |
Green Century Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Green Century's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Green Century's standard deviation. In reality, there are many statistical measures that can use Green Century historical prices to predict the future Green Century's volatility.| Risk Adjusted Performance | 0.0462 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.045 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Green Century'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.
Green Century Equity Backtested Returns
We consider Green Century out of control. Green Century Equity holds Efficiency (Sharpe) Ratio of 0.0547, which attests that the entity had a 0.0547% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Green Century Equity, which you can use to evaluate the volatility of the entity. Please check out Green Century's Risk Adjusted Performance of 0.0462, market risk adjusted performance of 0.055, and Downside Deviation of 0.8611 to validate if the risk estimate we provide is consistent with the expected return of 0.047%. The fund retains a Market Volatility (i.e., Beta) of 1.09, which attests to a somewhat significant risk relative to the market. Green Century returns are very sensitive to returns on the market. As the market goes up or down, Green Century is expected to follow.
Auto-correlation | 0.70 |
Good predictability
Green Century Equity has good predictability. Overlapping area represents the amount of predictability between Green Century time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 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 Green Century Equity price movement. The serial correlation of 0.7 indicates that around 70.0% of current Green Century price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 1.88 |
Green Century Equity lagged returns against current returns
Autocorrelation, which is Green Century 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 Green Century's mutual fund expected returns. We can calculate the autocorrelation of Green Century returns to help us make a trade decision. For example, suppose you find that Green Century 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 |
Green Century 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 Green Century mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Green Century mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Green Century mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Green Century Lagged Returns
When evaluating Green Century's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Green Century mutual fund have on its future price. Green Century 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, Green Century autocorrelation shows the relationship between Green Century mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Green Century Equity.
Regressed Prices |
| Timeline |
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Green Century 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.