Global Growth Mutual Fund Forecast - Price Action Indicator
Global Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Global Growth stock prices and determine the direction of Global Growth Fund's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Global Growth's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. Global |
Most investors in Global Growth cannot accurately predict what will happen the next trading day because, historically, fund markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Global Growth's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Global Growth's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Check Global Growth Volatility | Backtest Global Growth | Information Ratio |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
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Global Growth Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global Growth mutual fund to make a market-neutral strategy. Peer analysis of Global Growth could also be used in its relative valuation, which is a method of valuing Global Growth by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
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 Global Growth 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, Global Growth's short interest history, or implied volatility extrapolated from Global Growth options trading.
Pair Trading with Global Growth
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Global Growth position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Global Growth will appreciate offsetting losses from the drop in the long position's value.Moving together with Global Mutual Fund
| 0.79 | FNFPX | American Funds New | PairCorr |
| 0.79 | FFPNX | American Funds New | PairCorr |
| 0.79 | NPFCX | New Perspective | PairCorr |
| 0.79 | ANWPX | New Perspective | PairCorr |
| 0.79 | NPFFX | New Perspective | PairCorr |
The ability to find closely correlated positions to Global Growth could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Growth when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Global Growth - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Global Growth Fund to buy it.
The correlation of Global Growth is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Global Growth moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Global Growth can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Historical Fundamental Analysis of Global Growth to cross-verify your projections. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.