Mydestination 2045 Fund Market Value
| GMFZX Fund | USD 11.28 0.12 1.08% |
| Symbol | Mydestination |
Mydestination 2045 '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 Mydestination 2045'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 Mydestination 2045.
| 05/19/2022 |
| 05/08/2024 |
If you would invest 0.00 in Mydestination 2045 on May 19, 2022 and sell it all today you would earn a total of 0.00 from holding Mydestination 2045 Fund or generate 0.0% return on investment in Mydestination 2045 over 720 days. Mydestination 2045 is related to or competes with Vanguard Target, American Funds, Fidelity Freedom, Fidelity Freedom, and Fidelity Freedom. The fund pursues its objective by investing primarily in a diversified portfolio of GuideStone Funds Select Funds that r... More
Mydestination 2045 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 Mydestination 2045'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 Mydestination 2045 Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7063 | |||
| Information Ratio | (0.0003) | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.02 |
Mydestination 2045 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mydestination 2045's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mydestination 2045's standard deviation. In reality, there are many statistical measures that can use Mydestination 2045 historical prices to predict the future Mydestination 2045's volatility.| Risk Adjusted Performance | 0.0726 | |||
| Jensen Alpha | 0.0597 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.0003) | |||
| Treynor Ratio | 0.8008 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mydestination 2045'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.
Mydestination 2045 Backtested Returns
We consider Mydestination 2045 very steady. Mydestination 2045 has Sharpe Ratio of 0.0774, which conveys that the entity had a 0.0774% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mydestination 2045, which you can use to evaluate the volatility of the fund. Please verify Mydestination 2045's Downside Deviation of 0.7063, risk adjusted performance of 0.0726, and Mean Deviation of 0.4994 to check out if the risk estimate we provide is consistent with the expected return of 0.0508%. The fund secures a Beta (Market Risk) of 0.0812, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mydestination 2045's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mydestination 2045 is expected to be smaller as well.
Auto-correlation | 0.62 |
Good predictability
Mydestination 2045 Fund has good predictability. Overlapping area represents the amount of predictability between Mydestination 2045 time series from 19th of May 2022 to 14th of May 2023 and 14th of May 2023 to 8th of May 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 Mydestination 2045 price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Mydestination 2045 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.32 |
Mydestination 2045 lagged returns against current returns
Autocorrelation, which is Mydestination 2045 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 Mydestination 2045's mutual fund expected returns. We can calculate the autocorrelation of Mydestination 2045 returns to help us make a trade decision. For example, suppose you find that Mydestination 2045 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 |
Mydestination 2045 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 Mydestination 2045 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mydestination 2045 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mydestination 2045 mutual fund over time.
Current vs Lagged Prices |
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Mydestination 2045 Lagged Returns
When evaluating Mydestination 2045's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mydestination 2045 mutual fund have on its future price. Mydestination 2045 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, Mydestination 2045 autocorrelation shows the relationship between Mydestination 2045 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mydestination 2045 Fund.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Mydestination 2045 Correlation, Mydestination 2045 Volatility and Mydestination 2045 Alpha and Beta module to complement your research on Mydestination 2045. Note that the Mydestination 2045 information on this page should be used as a complementary analysis to other Mydestination 2045'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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Mydestination 2045 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.