Guidepath Managed Futures Fund Market Value
| GPMFX Fund | USD 8.82 0.02 0.23% |
| Symbol | Guidepath(r) |
Guidepath(r) Managed '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(r) Managed'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(r) Managed.
| 06/21/2022 |
| 06/10/2024 |
If you would invest 0.00 in Guidepath(r) Managed on June 21, 2022 and sell it all today you would earn a total of 0.00 from holding Guidepath Managed Futures or generate 0.0% return on investment in Guidepath(r) Managed over 720 days. Guidepath(r) Managed is related to or competes with Aqr Managed, Pimco Trends, Pimco Trends, American Beacon, Asg Managed, Abbey Capital, and Abbey Capital. Under normal market conditions, the fund seeks exposure to various asset classes, which may vary significantly over time... More
Guidepath(r) Managed 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(r) Managed'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 Managed Futures upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.855 | |||
| Information Ratio | 0.0461 | |||
| Maximum Drawdown | 3.71 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.01 |
Guidepath(r) Managed Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Guidepath(r) Managed's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Guidepath(r) Managed's standard deviation. In reality, there are many statistical measures that can use Guidepath(r) Managed historical prices to predict the future Guidepath(r) Managed's volatility.| Risk Adjusted Performance | 0.0451 | |||
| Jensen Alpha | 0.0405 | |||
| Total Risk Alpha | 0.0326 | |||
| Sortino Ratio | 0.0398 | |||
| Treynor Ratio | 0.2928 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Guidepath(r) Managed'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 Managed Futures Backtested Returns
We consider Guidepath(r) Managed very steady. Guidepath Managed Futures holds Efficiency (Sharpe) Ratio of 0.0678, which attests that the entity had a 0.0678% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Guidepath Managed Futures, which you can use to evaluate the volatility of the entity. Please check out Guidepath(r) Managed's Downside Deviation of 0.855, market risk adjusted performance of 0.3028, and Risk Adjusted Performance of 0.0451 to validate if the risk estimate we provide is consistent with the expected return of 0.0502%. The fund retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Guidepath(r) Managed's returns are expected to increase less than the market. However, during the bear market, the loss of holding Guidepath(r) Managed is expected to be smaller as well.
Auto-correlation | -0.21 |
Weak reverse predictability
Guidepath Managed Futures has weak reverse predictability. Overlapping area represents the amount of predictability between Guidepath(r) Managed time series from 21st of June 2022 to 16th of June 2023 and 16th of June 2023 to 10th of June 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 Managed Futures price movement. The serial correlation of -0.21 indicates that over 21.0% of current Guidepath(r) Managed price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.21 | |
| Spearman Rank Test | 0.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Guidepath Managed Futures lagged returns against current returns
Autocorrelation, which is Guidepath(r) Managed 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(r) Managed's mutual fund expected returns. We can calculate the autocorrelation of Guidepath(r) Managed returns to help us make a trade decision. For example, suppose you find that Guidepath(r) Managed 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(r) Managed 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(r) Managed mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Guidepath(r) Managed 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(r) Managed mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Guidepath(r) Managed Lagged Returns
When evaluating Guidepath(r) Managed's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Guidepath(r) Managed mutual fund have on its future price. Guidepath(r) Managed 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(r) Managed autocorrelation shows the relationship between Guidepath(r) Managed mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Guidepath Managed Futures.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| SGC | Superior Uniform Group | |
| VLN | Valens | |
| GNFT | Genfit |
Other Information on Investing in Guidepath(r) Mutual Fund
Guidepath(r) Managed financial ratios help investors to determine whether Guidepath(r) 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 Guidepath(r) with respect to the benefits of owning Guidepath(r) Managed security.
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