Wcm Focused Global Fund Market Value
| WCMGX Fund | USD 23.98 0.29 1.19% |
| Symbol | Wcm |
Wcm Focused '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 Wcm Focused'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 Wcm Focused.
| 03/16/2024 |
| 04/15/2024 |
If you would invest 0.00 in Wcm Focused on March 16, 2024 and sell it all today you would earn a total of 0.00 from holding Wcm Focused Global or generate 0.0% return on investment in Wcm Focused over 30 days. Wcm Focused is related to or competes with Wcm Focused, Wcm Small, Wcm Sustainable, Wcm Small, Wcm Focused, Wcm Focused, and Wcm Sustainable. The fund invests primarily in equity securities of companies located throughout the world, including the United States More
Wcm Focused 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 Wcm Focused'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 Wcm Focused Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8042 | |||
| Information Ratio | 0.1068 | |||
| Maximum Drawdown | 4.06 | |||
| Value At Risk | (1.38) | |||
| Potential Upside | 1.73 |
Wcm Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wcm Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wcm Focused's standard deviation. In reality, there are many statistical measures that can use Wcm Focused historical prices to predict the future Wcm Focused's volatility.| Risk Adjusted Performance | 0.1223 | |||
| Jensen Alpha | 0.0866 | |||
| Total Risk Alpha | 0.0651 | |||
| Sortino Ratio | 0.1216 | |||
| Treynor Ratio | 0.1427 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wcm Focused'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.
Wcm Focused Global Backtested Returns
We consider Wcm Focused very steady. Wcm Focused Global shows Sharpe Ratio of 0.16, which attests that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wcm Focused Global, which you can use to evaluate the volatility of the fund. Please check out Wcm Focused's Downside Deviation of 0.8042, mean deviation of 0.7134, and Market Risk Adjusted Performance of 0.1527 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. 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, Wcm Focused will likely underperform.
Auto-correlation | -0.32 |
Poor reverse predictability
Wcm Focused Global has poor reverse predictability. Overlapping area represents the amount of predictability between Wcm Focused time series from 16th of March 2024 to 31st of March 2024 and 31st of March 2024 to 15th 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 Wcm Focused Global price movement. The serial correlation of -0.32 indicates that nearly 32.0% of current Wcm Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.32 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Wcm Focused Global lagged returns against current returns
Autocorrelation, which is Wcm Focused 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 Wcm Focused's mutual fund expected returns. We can calculate the autocorrelation of Wcm Focused returns to help us make a trade decision. For example, suppose you find that Wcm Focused 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 |
Wcm Focused 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 Wcm Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wcm Focused mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wcm Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wcm Focused Lagged Returns
When evaluating Wcm Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wcm Focused mutual fund have on its future price. Wcm Focused 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, Wcm Focused autocorrelation shows the relationship between Wcm Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wcm Focused Global.
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 Wcm Focused 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, Wcm Focused's short interest history, or implied volatility extrapolated from Wcm Focused options trading.
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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.| LTC | Litecoin | |
| STETH | Staked Ether | |
| LINK | Chainlink |
Check out Wcm Focused Correlation, Wcm Focused Volatility and Wcm Focused Alpha and Beta module to complement your research on Wcm Focused. Note that the Wcm Focused Global information on this page should be used as a complementary analysis to other Wcm Focused's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Wcm Focused 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.