Guidepath Flexible Income Fund Market Value
| GPIFX Fund | USD 8.82 0.02 0.23% |
| Symbol | Guidepath |
Guidepath Flexible '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 Guidepath Flexible'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 Guidepath Flexible.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Guidepath Flexible on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Guidepath Flexible Income or generate 0.0% return on investment in Guidepath Flexible over 60 days. Guidepath Flexible is related to or competes with Franklin Adjustable, Government Securities, and Prudential Government. The fund operates as a fund of funds, investing primarily in registered mutual funds and exchange-traded funds More
Guidepath Flexible 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 Guidepath Flexible'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 Guidepath Flexible Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5023 | |||
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 3.14 | |||
| Value At Risk | (0.56) | |||
| Potential Upside | 0.2281 |
Guidepath Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guidepath Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guidepath Flexible's standard deviation. In reality, there are many statistical measures that can use Guidepath Flexible historical prices to predict the future Guidepath Flexible's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.4346 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guidepath Flexible'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.
Guidepath Flexible Backtested Returns
We consider Guidepath Flexible very steady. Guidepath Flexible holds Efficiency (Sharpe) Ratio of 0.0018, which attests that the entity had a 0.0018% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Guidepath Flexible, which you can use to evaluate the volatility of the entity. Please check out Guidepath Flexible's Risk Adjusted Performance of (0.01), downside deviation of 0.5023, and Market Risk Adjusted Performance of 0.4446 to validate if the risk estimate we provide is consistent with the expected return of 7.0E-4%. The fund retains a Market Volatility (i.e., Beta) of -0.0215, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Guidepath Flexible are expected to decrease at a much lower rate. During the bear market, Guidepath Flexible is likely to outperform the market.
Auto-correlation | -0.49 |
Modest reverse predictability
Guidepath Flexible Income has modest reverse predictability. Overlapping area represents the amount of predictability between Guidepath Flexible time series from 24th of February 2024 to 25th of March 2024 and 25th of March 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 Guidepath Flexible price movement. The serial correlation of -0.49 indicates that about 49.0% of current Guidepath Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Guidepath Flexible lagged returns against current returns
Autocorrelation, which is Guidepath Flexible 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 Guidepath Flexible's mutual fund expected returns. We can calculate the autocorrelation of Guidepath Flexible returns to help us make a trade decision. For example, suppose you find that Guidepath Flexible 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 |
Guidepath Flexible 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 Guidepath Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guidepath Flexible mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Guidepath Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guidepath Flexible Lagged Returns
When evaluating Guidepath Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guidepath Flexible mutual fund have on its future price. Guidepath Flexible 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, Guidepath Flexible autocorrelation shows the relationship between Guidepath Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guidepath Flexible Income.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectCheck out Guidepath Flexible Correlation, Guidepath Flexible Volatility and Guidepath Flexible Alpha and Beta module to complement your research on Guidepath Flexible. Note that the Guidepath Flexible information on this page should be used as a complementary analysis to other Guidepath Flexible'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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Guidepath Flexible 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.