Specialized Technology Fund Market Value

WFSTX Fund  USD 11.58  0.02  0.17%   
Specialized Technology's market value is the price at which a share of Specialized Technology trades on a public exchange. It measures the collective expectations of Specialized Technology Fund investors about its performance. Specialized Technology is trading at 11.58 as of the 29th of March 2024; that is 0.17% increase since the beginning of the trading day. The fund's open price was 11.56.
With this module, you can estimate the performance of a buy and hold strategy of Specialized Technology Fund and determine expected loss or profit from investing in Specialized Technology over a given investment horizon. Check out Specialized Technology Correlation, Specialized Technology Volatility and Specialized Technology Alpha and Beta module to complement your research on Specialized Technology.
Symbol

Please note, there is a significant difference between Specialized Technology's value and its price as these two are different measures arrived at by different means. Investors typically determine if Specialized Technology is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Specialized Technology's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Specialized Technology '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 Specialized Technology'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 Specialized Technology.
0.00
04/09/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
03/29/2024
0.00
If you would invest  0.00  in Specialized Technology on April 9, 2022 and sell it all today you would earn a total of 0.00 from holding Specialized Technology Fund or generate 0.0% return on investment in Specialized Technology over 720 days. Specialized Technology is related to or competes with Vanguard Information, Technology Portfolio, Semiconductors Portfolio, Software And, Columbia Seligman, Ivy Science, and Ivy Science. Under normal circumstances, the fund invests at least 80 percent of the funds net assets in equity securities up to 25 p... More

Specialized Technology 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 Specialized Technology'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 Specialized Technology Fund upside and downside potential and time the market with a certain degree of confidence.

Specialized Technology Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Specialized Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Specialized Technology's standard deviation. In reality, there are many statistical measures that can use Specialized Technology historical prices to predict the future Specialized Technology's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Specialized Technology'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.
Hype
Prediction
LowEstimatedHigh
10.6711.5812.49
Details
Intrinsic
Valuation
LowRealHigh
10.5311.4412.35
Details
Naive
Forecast
LowNextHigh
10.6511.5612.47
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.3311.5011.67
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Specialized Technology. Your research has to be compared to or analyzed against Specialized Technology's peers to derive any actionable benefits. When done correctly, Specialized Technology's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Specialized Technology.

Specialized Technology Backtested Returns

We consider Specialized Technology very steady. Specialized Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Specialized Technology Fund, which you can use to evaluate the volatility of the fund. Please validate Specialized Technology's Semi Deviation of 0.7387, coefficient of variation of 798.3, and Risk Adjusted Performance of 0.0733 to confirm if the risk estimate we provide is consistent with the expected return of 0.15%. The entity has a beta of 1.13, which indicates a somewhat significant risk relative to the market. Specialized Technology returns are very sensitive to returns on the market. As the market goes up or down, Specialized Technology is expected to follow.

Auto-correlation

    
  -0.35  

Poor reverse predictability

Specialized Technology Fund has poor reverse predictability. Overlapping area represents the amount of predictability between Specialized Technology time series from 9th of April 2022 to 4th of April 2023 and 4th of April 2023 to 29th of March 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 Specialized Technology price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Specialized Technology price fluctuation can be explain by its past prices.
Correlation Coefficient-0.35
Spearman Rank Test-0.49
Residual Average0.0
Price Variance0.71

Specialized Technology lagged returns against current returns

Autocorrelation, which is Specialized Technology 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 Specialized Technology's mutual fund expected returns. We can calculate the autocorrelation of Specialized Technology returns to help us make a trade decision. For example, suppose you find that Specialized Technology 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  

Specialized Technology 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 Specialized Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Specialized Technology mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Specialized Technology mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Specialized Technology Lagged Returns

When evaluating Specialized Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Specialized Technology mutual fund have on its future price. Specialized Technology 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, Specialized Technology autocorrelation shows the relationship between Specialized Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Specialized Technology Fund.
   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.
Check out Specialized Technology Correlation, Specialized Technology Volatility and Specialized Technology Alpha and Beta module to complement your research on Specialized Technology.
You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

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When running Specialized Technology's price analysis, check to measure Specialized Technology's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Specialized Technology is operating at the current time. Most of Specialized Technology's value examination focuses on studying past and present price action to predict the probability of Specialized Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Specialized Technology's price. Additionally, you may evaluate how the addition of Specialized Technology to your portfolios can decrease your overall portfolio volatility.
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Specialized Technology 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.
A focus of Specialized Technology technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Specialized Technology trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...