Global Real Estate Fund Market Value
| ARYGX Fund | USD 11.67 0.06 0.52% |
| Symbol | Global |
Global Real '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 Real'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 Real.
| 10/31/2023 |
| 11/30/2023 |
If you would invest 0.00 in Global Real on October 31, 2023 and sell it all today you would earn a total of 0.00 from holding Global Real Estate or generate 0.0% return on investment in Global Real over 30 days. Global Real is related to or competes with Bcm Decathlon, Deutsche Multi-asset, Blackrock Moderate, Franklin Lifesmart, and Jp Morgan. The investment seeks high total investment return through a combination of capital appreciation and current income More
Global Real 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 Real'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 Real Estate upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.012637) | |||
| Maximum Drawdown | 5.46 | |||
| Value At Risk | (1.98) | |||
| Potential Upside | 1.82 |
Global Real Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Global Real's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Global Real's standard deviation. In reality, there are many statistical measures that can use Global Real historical prices to predict the future Global Real's volatility.| Risk Adjusted Performance | 8.0E-4 | |||
| Jensen Alpha | (0.015099) | |||
| Total Risk Alpha | (0.016149) | |||
| Treynor Ratio | (0.038922) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Global Real'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. Please use the tools below to analyze the current value of Global Real in the context of predictive analytics.
Global Real Estate Backtested Returns
Global Real Estate holds Efficiency (Sharpe) Ratio of -0.0039, which attests that the entity had -0.0039% of return per unit of risk over the last 3 months. Our standpoint towards determining the risk of any fund is to look at both systematic and unsystematic factors of the business, including all available market data and technical indicators. Global Real Estate exposes twenty different technical indicators, which can help you to evaluate volatility embedded in its stock price that cannot be diversified away. Please check out Global Real Risk Adjusted Performance of 8.0E-4, market risk adjusted performance of (0.028922), and Standard Deviation of 1.24 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 0.3796, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Global Real returns are expected to increase less than the market. However, during the bear market, the loss on holding Global Real will be expected to be smaller as well. Global Real Estate exposes twenty different technical indicators, which can help you to evaluate its performance.
Auto-correlation | 0.57 |
Modest predictability
Global Real Estate has modest predictability. Overlapping area represents the amount of predictability between Global Real time series from 31st of October 2023 to 15th of November 2023 and 15th of November 2023 to 30th of November 2023. 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 Real Estate price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Global Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Global Real Estate lagged returns against current returns
Autocorrelation, which is Global Real 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 Real's mutual fund expected returns. We can calculate the autocorrelation of Global Real returns to help us make a trade decision. For example, suppose you find that Global Real mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Global Real 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 Real mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Global Real 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 Real mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Global Real Lagged Returns
When evaluating Global Real's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Global Real mutual fund have on its future price. Global Real 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 Real autocorrelation shows the relationship between Global Real mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Global Real Estate.
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 Real 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 Real's short interest history, or implied volatility extrapolated from Global Real options trading.
Pair Trading with Global Real
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 Real 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 Real will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Mutual Fund
| + | 0.89 | DFGEX | Dfa Global Real | PairCorr | ||
| + | 0.93 | VGRNX | Vanguard Global Ex-us | PairCorr | ||
| + | 0.93 | DFITX | Dfa International Real | PairCorr | ||
| + | 0.93 | VGRLX | Vanguard Global Ex-us | PairCorr | ||
| + | 0.94 | PGRKX | Global Real Estate | PairCorr |
Moving against Global Mutual Fund
The ability to find closely correlated positions to Global Real 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 Real 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 Real - 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 Real Estate to buy it.
The correlation of Global Real is a statistical measure of how it moves in relation to other equities. 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 Real moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Real Estate 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 Real 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 Real Correlation, Global Real Volatility and Global Real Alpha and Beta module to complement your research on Global Real. Note that the Global Real Estate information on this page should be used as a complementary analysis to other Global Real's 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 Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Global Mutual Fund analysis
When running Global Real's price analysis, check to measure Global Real's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Global Real is operating at the current time. Most of Global Real's value examination focuses on studying past and present price action to predict the probability of Global Real's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Global Real's price. Additionally, you may evaluate how the addition of Global Real to your portfolios can decrease your overall portfolio volatility.
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Global Real 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.