Global Gold Mutual Fund Forecast - Day Median Price
| AGGWX Fund | USD 11.25 0.07 0.62% |
Global Mutual Fund Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Global Gold stock prices and determine the direction of Global Gold Fund's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Global Gold's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Global Gold to cross-verify your projections. Global |
Most investors in Global Gold 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 Gold's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Global Gold's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 11.25 | 11.25 |
| Check Global Gold Volatility | Backtest Global Gold | Information Ratio |
Global Gold Trading Date Momentum
| On May 04 2024 Global Gold Fund was traded for 11.25 at the closing time. The highest daily price throughout the period was 11.25 and the lowest price was 11.25 . There was no trading activity during the period 0.0. Lack of trading volume on 05/04/2024 did not cause price change. The overall trading delta to current closing price is 0.00% . |
The median price is the midpoint of the trading periods range.
| Compare Global Gold to competition |
Other Forecasting Options for Global Gold
For every potential investor in Global, whether a beginner or expert, Global Gold's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Global Mutual Fund price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Global. Basic forecasting techniques help filter out the noise by identifying Global Gold's price trends.Global Gold 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 Gold mutual fund to make a market-neutral strategy. Peer analysis of Global Gold could also be used in its relative valuation, which is a method of valuing Global Gold by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Global Gold Fund Technical and Predictive Analytics
The mutual fund market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Global Gold's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Global Gold's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Global Gold Market Strength Events
Market strength indicators help investors to evaluate how Global Gold mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Global Gold shares will generate the highest return on investment. By undertsting and applying Global Gold mutual fund market strength indicators, traders can identify Global Gold Fund entry and exit signals to maximize returns.
| Daily Balance Of Power | (9,223,372,036,855) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 11.25 | |||
| Day Typical Price | 11.25 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (0.07) |
Global Gold Risk Indicators
The analysis of Global Gold's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Global Gold's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting global mutual fund prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.48 | |||
| Semi Deviation | 1.69 | |||
| Standard Deviation | 1.88 | |||
| Variance | 3.54 | |||
| Downside Variance | 3.77 | |||
| Semi Variance | 2.86 | |||
| Expected Short fall | (1.61) |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Pair Trading with Global Gold
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 Gold 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 Gold will appreciate offsetting losses from the drop in the long position's value.Moving against Global Mutual Fund
| 0.64 | TWTCX | Intermediate Term Tax | PairCorr |
| 0.55 | CDBCX | Diversified Bond | PairCorr |
| 0.53 | TWTIX | Intermediate Term Tax | PairCorr |
The ability to find closely correlated positions to Global Gold 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 Gold 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 Gold - 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 Gold Fund to buy it.
The correlation of Global Gold 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 Gold moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Global Gold Fund 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 Gold 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 Gold to cross-verify your projections. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.