Ab Centrated Growth Fund Market Value
Ab Centrated's market value is the price at which a share of Ab Centrated trades on a public exchange. It measures the collective expectations of Ab Centrated Growth investors about its performance. With this module, you can estimate the performance of a buy and hold strategy of Ab Centrated Growth and determine expected loss or profit from investing in Ab Centrated over a given investment horizon. Check out Your Current Watchlist 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 price.
Symbol | WPSGX |
Ab Centrated '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 Ab Centrated'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 Ab Centrated.
04/08/2022 |
| 03/28/2024 |
If you would invest 0.00 in Ab Centrated on April 8, 2022 and sell it all today you would earn a total of 0.00 from holding Ab Centrated Growth or generate 0.0% return on investment in Ab Centrated over 720 days. Ab Centrated is related to or competes with Transamerica Emerging, Aqr Long-short, Artisan Emerging, Kinetics Market, Calvert Developed, Jhancock Diversified, and Locorr Market. The Adviser seeks to achieve the funds investment objective of long-term growth of capital by investing primarily in com... More
Ab Centrated 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 Ab Centrated'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 Ab Centrated Growth upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.8158 | |||
Information Ratio | (0.02) | |||
Maximum Drawdown | 3.7 | |||
Value At Risk | (1.12) | |||
Potential Upside | 1.49 |
Ab Centrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Centrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Centrated's standard deviation. In reality, there are many statistical measures that can use Ab Centrated historical prices to predict the future Ab Centrated's volatility.Risk Adjusted Performance | 0.0898 | |||
Jensen Alpha | (0.03) | |||
Total Risk Alpha | (0.06) | |||
Sortino Ratio | (0.02) | |||
Treynor Ratio | 0.0962 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Centrated'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.
Ab Centrated Growth Backtested Returns
We consider Ab Centrated very steady. Ab Centrated Growth retains Efficiency (Sharpe Ratio) of 0.16, which signifies that the fund had a 0.16% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Ab Centrated, which you can use to evaluate the volatility of the entity. Please confirm Ab Centrated's Standard Deviation of 0.7793, coefficient of variation of 639.44, and Market Risk Adjusted Performance of 0.1062 to double-check if the risk estimate we provide is consistent with the expected return of 0.12%. The fund owns a Beta (Systematic Risk) of 1.16, which signifies 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, Ab Centrated will likely underperform.
Auto-correlation | 0.14 |
Insignificant predictability
Ab Centrated Growth has insignificant predictability. Overlapping area represents the amount of predictability between Ab Centrated time series from 8th of April 2022 to 3rd of April 2023 and 3rd of April 2023 to 28th 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 Ab Centrated Growth price movement. The serial correlation of 0.14 indicates that less than 14.0% of current Ab Centrated price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.14 | |
Spearman Rank Test | -0.13 | |
Residual Average | 0.0 | |
Price Variance | 11.21 |
Ab Centrated Growth lagged returns against current returns
Autocorrelation, which is Ab Centrated 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 Ab Centrated's mutual fund expected returns. We can calculate the autocorrelation of Ab Centrated returns to help us make a trade decision. For example, suppose you find that Ab Centrated 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 |
Ab Centrated 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 Ab Centrated mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Centrated mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Centrated mutual fund over time.
Current vs Lagged Prices |
Timeline |
Ab Centrated Lagged Returns
When evaluating Ab Centrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Centrated mutual fund have on its future price. Ab Centrated 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, Ab Centrated autocorrelation shows the relationship between Ab Centrated mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Centrated Growth.
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.CLSK | CleanSpark | |
V | Visa Class A | |
CDLX | Cardlytics |
Check out Ab Centrated Correlation, Ab Centrated Volatility and Ab Centrated Alpha and Beta module to complement your research on Ab Centrated. Note that the Ab Centrated Growth information on this page should be used as a complementary analysis to other Ab Centrated'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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
Complementary Tools for WPSGX Mutual Fund analysis
When running Ab Centrated's price analysis, check to measure Ab Centrated'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 Ab Centrated is operating at the current time. Most of Ab Centrated's value examination focuses on studying past and present price action to predict the probability of Ab Centrated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ab Centrated's price. Additionally, you may evaluate how the addition of Ab Centrated to your portfolios can decrease your overall portfolio volatility.
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