Leuthold Global Fund Market Value
| GLBLX Fund | USD 9.52 0.03 0.32% |
| Symbol | Leuthold |
Leuthold 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 Leuthold 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 Leuthold Global.
| 04/11/2024 |
| 05/11/2024 |
If you would invest 0.00 in Leuthold Global on April 11, 2024 and sell it all today you would earn a total of 0.00 from holding Leuthold Global Fund or generate 0.0% return on investment in Leuthold Global over 30 days. Leuthold Global is related to or competes with Capital Income, and Capital Income. The fund is a flexible fund which allocates its investments among common stocks and other equity securities, bonds and o... More
Leuthold 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 Leuthold 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 Leuthold Global Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6394 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.26 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 0.7463 |
Leuthold Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Leuthold Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Leuthold Global's standard deviation. In reality, there are many statistical measures that can use Leuthold Global historical prices to predict the future Leuthold Global's volatility.| Risk Adjusted Performance | 0.0614 | |||
| Jensen Alpha | 0.037 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.4985 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Leuthold 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.
Leuthold Global Backtested Returns
We consider Leuthold Global very steady. Leuthold Global has Sharpe Ratio of 0.0823, which conveys that the entity had a 0.0823% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Leuthold Global, which you can use to evaluate the volatility of the fund. Please verify Leuthold Global's Mean Deviation of 0.3946, risk adjusted performance of 0.0614, and Downside Deviation of 0.6394 to check out if the risk estimate we provide is consistent with the expected return of 0.0436%. The fund secures a Beta (Market Risk) of 0.0869, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Leuthold Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Leuthold Global is expected to be smaller as well.
Auto-correlation | 0.11 |
Insignificant predictability
Leuthold Global Fund has insignificant predictability. Overlapping area represents the amount of predictability between Leuthold Global time series from 11th of April 2024 to 26th of April 2024 and 26th of April 2024 to 11th 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 Leuthold Global price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Leuthold Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Leuthold Global lagged returns against current returns
Autocorrelation, which is Leuthold 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 Leuthold Global's mutual fund expected returns. We can calculate the autocorrelation of Leuthold Global returns to help us make a trade decision. For example, suppose you find that Leuthold 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 |
Leuthold 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 Leuthold Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Leuthold 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 Leuthold Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Leuthold Global Lagged Returns
When evaluating Leuthold Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Leuthold Global mutual fund have on its future price. Leuthold 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, Leuthold Global autocorrelation shows the relationship between Leuthold Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Leuthold Global Fund.
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 Leuthold 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, Leuthold Global's short interest history, or implied volatility extrapolated from Leuthold Global options trading.
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Leuthold 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.