Global Real Estate Fund Market Value
| PGRKX Fund | USD 8.54 0.12 1.39% |
| 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.
| 03/03/2024 |
| 05/02/2024 |
If you would invest 0.00 in Global Real on March 3, 2024 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 60 days. Global Real is related to or competes with HUMANA, Barloworld, Morningstar Unconstrained, High Yield, Thrivent High, and Via Renewables. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... 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 | (0.12) | |||
| Maximum Drawdown | 5.18 | |||
| Value At Risk | (1.50) | |||
| Potential Upside | 1.24 |
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 | (0.03) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.13) | |||
| Treynor Ratio | (0.05) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Global Real Estate Backtested Returns
Global Real Estate holds Efficiency (Sharpe) Ratio of -0.0525, which attests that the entity had a -0.0525% return per unit of risk over the last 3 months. Global Real Estate exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Global Real's Risk Adjusted Performance of (0.03), market risk adjusted performance of (0.04), and Standard Deviation of 0.9462 to validate the risk estimate we provide. The fund retains a Market Volatility (i.e., Beta) of 1.2, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Global Real will likely underperform.
Auto-correlation | 0.39 |
Below average predictability
Global Real Estate has below average predictability. Overlapping area represents the amount of predictability between Global Real time series from 3rd of March 2024 to 2nd of April 2024 and 2nd of April 2024 to 2nd 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 Global Real Estate price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Global Real price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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 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 |
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 |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Global Real Estate using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Global Real Correlation, Global Real Volatility and Global Real Alpha and Beta module to complement your research on Global Real. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.
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.