Scharf Global Opportunity Fund Market Value
| WRLDX Fund | USD 33.82 0.25 0.74% |
| Symbol | Scharf |
Scharf Global '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 Scharf Global'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 Scharf Global.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Scharf Global on March 24, 2024 and sell it all today you would earn a total of 0.00 from holding Scharf Global Opportunity or generate 0.0% return on investment in Scharf Global over 30 days. Scharf Global is related to or competes with Scharf Balanced, Scharf Fund, Scharf Balanced, Standpoint Multi-asset, Vanguard 500, Vanguard Equity, and State Street. The fund primarily invests in U.S. and non-U.S More
Scharf Global 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 Scharf Global'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 Scharf Global Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5974 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 2.4 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 0.7151 |
Scharf Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Scharf Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Scharf Global's standard deviation. In reality, there are many statistical measures that can use Scharf Global historical prices to predict the future Scharf Global's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | 0.0011 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Scharf Global'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.
Scharf Global Opportunity Backtested Returns
Scharf Global Opportunity owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0073, which indicates the fund had a -0.0073% return per unit of risk over the last 3 months. Scharf Global Opportunity exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Scharf Global's Coefficient Of Variation of 4782.29, semi deviation of 0.5674, and Risk Adjusted Performance of 0.011 to confirm the risk estimate we provide. The entity has a beta of 0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Scharf Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Scharf Global is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Scharf Global Opportunity has good predictability. Overlapping area represents the amount of predictability between Scharf Global time series from 24th of March 2024 to 8th of April 2024 and 8th of April 2024 to 23rd 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 Scharf Global Opportunity price movement. The serial correlation of 0.69 indicates that around 69.0% of current Scharf Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Scharf Global Opportunity lagged returns against current returns
Autocorrelation, which is Scharf Global 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 Scharf Global's mutual fund expected returns. We can calculate the autocorrelation of Scharf Global returns to help us make a trade decision. For example, suppose you find that Scharf Global 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 |
Scharf Global 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 Scharf Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Scharf Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Scharf Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Scharf Global Lagged Returns
When evaluating Scharf Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Scharf Global mutual fund have on its future price. Scharf Global 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, Scharf Global autocorrelation shows the relationship between Scharf Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Scharf Global Opportunity.
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 Scharf Global Correlation, Scharf Global Volatility and Scharf Global Alpha and Beta module to complement your research on Scharf Global. Note that the Scharf Global Opportunity information on this page should be used as a complementary analysis to other Scharf Global'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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Scharf Global 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.