Ab Centrated Growth Fund Market Value
| WPSKX Fund | USD 52.08 0.20 0.38% |
| Symbol | WPSKX |
Ab Concentrated '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 Concentrated'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 Concentrated.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Ab Concentrated on March 20, 2024 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 Concentrated over 30 days. Ab Concentrated is related to or competes with American Funds. The Adviser seeks to achieve the funds investment objective of long-term growth of capital by investing primarily in com... More
Ab Concentrated 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 Concentrated'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 | 0.8329 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 3.69 | |||
| Value At Risk | (1.43) | |||
| Potential Upside | 1.19 |
Ab Concentrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Concentrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Concentrated's standard deviation. In reality, there are many statistical measures that can use Ab Concentrated historical prices to predict the future Ab Concentrated's volatility.| Risk Adjusted Performance | 0.0339 | |||
| Jensen Alpha | 0.0281 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.8251 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Concentrated'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 Concentrated very steady. Ab Centrated Growth retains Efficiency (Sharpe Ratio) of 0.0377, which signifies that the fund had a 0.0377% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for Ab Concentrated, which you can use to evaluate the volatility of the entity. Please confirm Ab Concentrated's Coefficient Of Variation of 1942.33, standard deviation of 0.7824, and Market Risk Adjusted Performance of 0.8351 to double-check if the risk estimate we provide is consistent with the expected return of 0.0296%. The fund owns a Beta (Systematic Risk) of 0.0367, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ab Concentrated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Concentrated is expected to be smaller as well.
Auto-correlation | 0.75 |
Good predictability
Ab Centrated Growth has good predictability. Overlapping area represents the amount of predictability between Ab Concentrated time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th 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 Ab Centrated Growth price movement. The serial correlation of 0.75 indicates that around 75.0% of current Ab Concentrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.74 | |
| Residual Average | 0.0 | |
| Price Variance | 0.83 |
Ab Centrated Growth lagged returns against current returns
Autocorrelation, which is Ab Concentrated 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 Concentrated's mutual fund expected returns. We can calculate the autocorrelation of Ab Concentrated returns to help us make a trade decision. For example, suppose you find that Ab Concentrated 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 Concentrated 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 Concentrated mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Concentrated 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 Concentrated mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Concentrated Lagged Returns
When evaluating Ab Concentrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Concentrated mutual fund have on its future price. Ab Concentrated 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 Concentrated autocorrelation shows the relationship between Ab Concentrated 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 |
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 Ab Concentrated 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, Ab Concentrated's short interest history, or implied volatility extrapolated from Ab Concentrated options trading.
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 Ab Concentrated Correlation, Ab Concentrated Volatility and Ab Concentrated Alpha and Beta module to complement your research on Ab Concentrated. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
Ab Concentrated 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.