William Blair Growth Fund Market Value
| BGFIX Fund | USD 13.67 0.03 0.22% |
| Symbol | William |
William Blair '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 William Blair'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 William Blair.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in William Blair on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding William Blair Growth or generate 0.0% return on investment in William Blair over 360 days. William Blair is related to or competes with William Blair, William Blair, William Blair, William Blair, William Blair, William Blair, and William Blair. The fund invests primarily in a diversified portfolio of equity securities, including common stocks and other forms of e... More
William Blair 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 William Blair'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 William Blair Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.986 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 4.46 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 1.45 |
William Blair Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for William Blair's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as William Blair's standard deviation. In reality, there are many statistical measures that can use William Blair historical prices to predict the future William Blair's volatility.| Risk Adjusted Performance | 0.0469 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.0486 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of William Blair'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.
William Blair Growth Backtested Returns
We consider William Blair very steady. William Blair Growth shows Sharpe Ratio of 0.0497, which attests that the fund had a 0.0497% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for William Blair Growth, which you can use to evaluate the volatility of the fund. Please check out William Blair's Downside Deviation of 0.986, mean deviation of 0.7352, and Market Risk Adjusted Performance of 0.0586 to validate if the risk estimate we provide is consistent with the expected return of 0.0491%. The entity maintains a market beta of 1.16, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, William Blair will likely underperform.
Auto-correlation | 0.68 |
Good predictability
William Blair Growth has good predictability. Overlapping area represents the amount of predictability between William Blair time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 to 25th of April 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 William Blair Growth price movement. The serial correlation of 0.68 indicates that around 68.0% of current William Blair price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
William Blair Growth lagged returns against current returns
Autocorrelation, which is William Blair 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 William Blair's mutual fund expected returns. We can calculate the autocorrelation of William Blair returns to help us make a trade decision. For example, suppose you find that William Blair 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 |
William Blair 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 William Blair mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if William Blair mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in William Blair mutual fund over time.
Current vs Lagged Prices |
| Timeline |
William Blair Lagged Returns
When evaluating William Blair's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of William Blair mutual fund have on its future price. William Blair 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, William Blair autocorrelation shows the relationship between William Blair mutual fund current value and its past values and can show if there is a momentum factor associated with investing in William Blair Growth.
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 William Blair 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, William Blair's short interest history, or implied volatility extrapolated from William Blair options trading.
Pair Trading with William Blair
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 William Blair 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 William Blair will appreciate offsetting losses from the drop in the long position's value.Moving together with William Mutual Fund
| 0.71 | WRCGX | William Blair China | PairCorr |
| 0.9 | WSMDX | William Blair Small | PairCorr |
| 0.9 | WSMRX | William Blair Small | PairCorr |
| 0.9 | WSMNX | William Blair Small | PairCorr |
| 0.9 | WBCIX | William Blair Small | PairCorr |
The ability to find closely correlated positions to William Blair could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace William Blair 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 William Blair - 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 William Blair Growth to buy it.
The correlation of William Blair 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 William Blair moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if William Blair 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 William Blair 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 William Blair Correlation, William Blair Volatility and William Blair Alpha and Beta module to complement your research on William Blair. You can also try the Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
William Blair 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.