The Gold Bullion Fund Volatility
| QGLDX Fund | USD 26.26 0.33 1.27% |
The Gold appears to be very steady, given 3 months investment horizon. Gold Bullion owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.14, which indicates the fund had a 0.14 % return per unit of risk over the last 3 months. We have found twenty-five technical indicators for The Gold Bullion, which you can use to evaluate the volatility of the fund. Please review The Gold's Risk Adjusted Performance of 0.2577, standard deviation of 1.54, and Downside Deviation of 1.43 to confirm if our risk estimates are consistent with your expectations. Key indicators related to The Gold's volatility include:
90 Days Market Risk | Chance Of Distress | 90 Days Economic Sensitivity |
The Gold Mutual Fund volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of The daily returns, and it is calculated using variance and standard deviation. We also use The's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of The Gold volatility.
The |
Gold Bullion Mutual Fund Volatility Analysis
Volatility refers to the frequency at which The Gold fund price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with The Gold's price changes. Investors will then calculate the volatility of The Gold's mutual fund to predict their future moves. A fund that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A mutual fund with relatively stable price changes has low volatility. A highly volatile fund is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of The Gold's volatility:
Historical Volatility
This type of fund volatility measures The Gold's fluctuations based on previous trends. It's commonly used to predict The Gold's future behavior based on its past. However, it cannot conclusively determine the future direction of the mutual fund.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for The Gold's current market price. This means that the fund will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on The Gold's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. Gold Bullion Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
The Gold Projected Return Density Against Market
Assuming the 90 days horizon The Gold has a beta that is very close to zero indicating the returns on DOW JONES INDUSTRIAL and The Gold do not appear to be sensitive.Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to The Gold or Advisors Preferred sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that The Gold's price will be affected by overall mutual fund market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a The fund's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
It does not look like The Gold's alpha can have any bearing on the current valuation. Predicted Return Density |
| Returns |
What Drives a The Gold Price Volatility?
Several factors can influence a fund's market volatility:Industry
Specific events can influence volatility within a particular industry. For instance, a significant weather upheaval in a crucial oil-production site may cause oil prices to increase in the oil sector. The direct result will be the rise in the stock price of oil distribution companies. Similarly, any government regulation in a specific industry could negatively influence stock prices due to increased regulations on compliance that may impact the company's future earnings and growth.Political and Economic environment
When governments make significant decisions regarding trade agreements, policies, and legislation regarding specific industries, they will influence stock prices. Everything from speeches to elections may influence investors, who can directly influence the stock prices in any particular industry. The prevailing economic situation also plays a significant role in stock prices. When the economy is doing well, investors will have a positive reaction and hence, better stock prices and vice versa.The Company's Performance
Sometimes volatility will only affect an individual company. For example, a revolutionary product launch or strong earnings report may attract many investors to purchase the company. This positive attention will raise the company's stock price. In contrast, product recalls and data breaches may negatively influence a company's stock prices.The Gold Mutual Fund Risk Measures
Assuming the 90 days horizon the coefficient of variation of The Gold is 735.36. The daily returns are distributed with a variance of 2.39 and standard deviation of 1.55. The mean deviation of The Gold Bullion is currently at 1.23. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 1.66
α | Alpha over Dow Jones | 0.00 | |
β | Beta against Dow Jones | 0.00 | |
σ | Overall volatility | 1.55 | |
Ir | Information ratio | 0.13 |
The Gold Mutual Fund Return Volatility
The Gold historical daily return volatility represents how much of The Gold fund's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. The fund shows 1.5459% volatility of returns over 90 . By contrast, Dow Jones Industrial accepts 1.6618% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About The Gold Volatility
Volatility is a rate at which the price of The Gold or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of The Gold may increase or decrease. In other words, similar to The's beta indicator, it measures the risk of The Gold and helps estimate the fluctuations that may happen in a short period of time. So if prices of The Gold fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.The fund will invest primarily in Gold bullion-related exchange-traded funds exchange-traded notes exchange-traded futures contracts over-the-counter forward contracts and fixed income securities, including through mutual funds and ETFs that invest primarily in fixed income securities. It invests over 25 percent of its assets in the Gold bullion industry. The fund will invest up to 25 percent of its total assets in the wholly-owned and controlled subsidiary.
The Gold's stock volatility refers to the amount of uncertainty or risk involved with the size of changes in its stock's price. It is a statistical measure of the dispersion of returns on The Mutual Fund over a specified period of time, often expressed as the standard deviation of daily returns. In other words, it measures how much The Gold's price varies over time.
3 ways to utilize The Gold's volatility to invest better
Higher The Gold's fund volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of Gold Bullion fund is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. Gold Bullion fund volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of Gold Bullion investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in The Gold's fund can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of The Gold's fund relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
The Gold Investment Opportunity
Dow Jones Industrial has a standard deviation of returns of 1.66 and is 1.07 times more volatile than The Gold Bullion. 13 percent of all equities and portfolios are less risky than The Gold. You can use The Gold Bullion to enhance the returns of your portfolios. The mutual fund experiences a large bullish trend. Check odds of The Gold to be traded at $28.89 in 90 days.The Gold Additional Risk Indicators
The analysis of The Gold's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in The Gold's investment and either accepting that risk or mitigating it. Along with some common measures of The Gold mutual fund's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.2577 | |||
| Mean Deviation | 1.23 | |||
| Semi Deviation | 1.24 | |||
| Downside Deviation | 1.43 | |||
| Coefficient Of Variation | 642.07 | |||
| Standard Deviation | 1.54 | |||
| Variance | 2.36 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential mutual funds, we recommend comparing similar funds with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
The Gold Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against The Gold as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. The Gold's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, The Gold's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to The Gold Bullion.
Other Information on Investing in The Mutual Fund
The Gold financial ratios help investors to determine whether The Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in The with respect to the benefits of owning The Gold security.
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