Power Global Tactical Fund Market Value
GLACX Fund | USD 10.40 0.02 0.19% |
Symbol | Power |
Power 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 Power Global'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 Power Global.
06/03/2023 |
| 03/29/2024 |
If you would invest 0.00 in Power Global on June 3, 2023 and sell it all today you would earn a total of 0.00 from holding Power Global Tactical or generate 0.0% return on investment in Power Global over 300 days. Power Global is related to or competes with All Asset, Pimco All, All Asset, Pimco All, All Asset, All Asset, and Pimco All. The funds adviser seeks to achieve the funds investment objective by investing in exchange-traded funds and exchange-tra... More
Power 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 Power Global'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 Power Global Tactical upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5177 | |||
Information Ratio | (0.18) | |||
Maximum Drawdown | 2.18 | |||
Value At Risk | (0.80) | |||
Potential Upside | 0.8081 |
Power Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Power Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Power Global's standard deviation. In reality, there are many statistical measures that can use Power Global historical prices to predict the future Power Global's volatility.Risk Adjusted Performance | 0.0498 | |||
Jensen Alpha | (0.07) | |||
Total Risk Alpha | (0.08) | |||
Sortino Ratio | (0.17) | |||
Treynor Ratio | 0.0437 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Power 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.
Power Global Tactical Backtested Returns
We consider Power Global very steady. Power Global Tactical maintains Sharpe Ratio (i.e., Efficiency) of 0.13, which implies the entity had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Power Global Tactical, which you can use to evaluate the volatility of the fund. Please check Power Global's Semi Deviation of 0.4169, risk adjusted performance of 0.0498, and Coefficient Of Variation of 1090.56 to confirm if the risk estimate we provide is consistent with the expected return of 0.0639%. The fund holds a Beta of 0.81, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Power Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Power Global is expected to be smaller as well.
Auto-correlation | 0.06 |
Virtually no predictability
Power Global Tactical has virtually no predictability. Overlapping area represents the amount of predictability between Power Global time series from 3rd of June 2023 to 31st of October 2023 and 31st of October 2023 to 29th of March 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 Power Global Tactical price movement. The serial correlation of 0.06 indicates that barely 6.0% of current Power Global price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.06 | |
Spearman Rank Test | -0.1 | |
Residual Average | 0.0 | |
Price Variance | 0.11 |
Power Global Tactical lagged returns against current returns
Autocorrelation, which is Power Global 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 Power Global's mutual fund expected returns. We can calculate the autocorrelation of Power Global returns to help us make a trade decision. For example, suppose you find that Power Global 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 |
Power 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 Power Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Power Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Power Global mutual fund over time.
Current vs Lagged Prices |
Timeline |
Power Global Lagged Returns
When evaluating Power Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Power Global mutual fund have on its future price. Power 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, Power Global autocorrelation shows the relationship between Power Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Power Global Tactical.
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 Power 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, Power Global's short interest history, or implied volatility extrapolated from Power Global options trading.
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Try AI Portfolio ArchitectCheck out Power Global Correlation, Power Global Volatility and Power Global Alpha and Beta module to complement your research on Power Global. Note that the Power Global Tactical information on this page should be used as a complementary analysis to other Power Global'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 Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.
Complementary Tools for Power Mutual Fund analysis
When running Power Global's price analysis, check to measure Power Global'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 Power Global is operating at the current time. Most of Power Global's value examination focuses on studying past and present price action to predict the probability of Power Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Power Global's price. Additionally, you may evaluate how the addition of Power Global to your portfolios can decrease your overall portfolio volatility.
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Power Global 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.