Clough Global Opportunities Fund Market Value
| GLO Fund | USD 4.89 0.03 0.62% |
| Symbol | Clough |
Clough 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 Clough Global's 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 Clough Global.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Clough Global on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding Clough Global Opportunities or generate 0.0% return on investment in Clough Global over 30 days. Clough Global is related to or competes with BlackRock Floating, and Eaton Vance. Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners ... More
Clough 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 Clough Global's 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 Clough Global Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.0165 | |||
| Maximum Drawdown | 4.29 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.46 |
Clough Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clough Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clough Global's standard deviation. In reality, there are many statistical measures that can use Clough Global historical prices to predict the future Clough Global's volatility.| Risk Adjusted Performance | 0.0763 | |||
| Jensen Alpha | 0.0834 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0144 | |||
| Treynor Ratio | 0.4893 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Clough 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.
Clough Global Opport Backtested Returns
We consider Clough Global not too volatile. Clough Global Opport secures Sharpe Ratio (or Efficiency) of 0.0949, which signifies that the fund had a 0.0949% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Clough Global Opportunities, which you can use to evaluate the volatility of the entity. Please confirm Clough Global's Downside Deviation of 1.09, mean deviation of 0.7348, and Risk Adjusted Performance of 0.0763 to double-check if the risk estimate we provide is consistent with the expected return of 0.0898%. The fund shows a Beta (market volatility) of 0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Clough Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clough Global is expected to be smaller as well.
Auto-correlation | -0.04 |
Very weak reverse predictability
Clough Global Opportunities has very weak reverse predictability. Overlapping area represents the amount of predictability between Clough Global 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 Clough Global Opport price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Clough Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Clough Global Opport lagged returns against current returns
Autocorrelation, which is Clough Global 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 Clough Global's fund expected returns. We can calculate the autocorrelation of Clough Global returns to help us make a trade decision. For example, suppose you find that Clough Global has exhibited high autocorrelation historically, and you observe that the 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 |
Clough 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 Clough Global fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clough Global fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clough Global fund over time.
Current vs Lagged Prices |
| Timeline |
Clough Global Lagged Returns
When evaluating Clough Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clough Global fund have on its future price. Clough 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, Clough Global autocorrelation shows the relationship between Clough Global fund current value and its past values and can show if there is a momentum factor associated with investing in Clough Global Opportunities.
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 Clough Global 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, Clough Global's short interest history, or implied volatility extrapolated from Clough Global options trading.
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Clough Global technical 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.