Large Pany Value Fund Market Value
| WLCVX Fund | USD 21.18 0.09 0.43% |
| Symbol | Large |
Large Pany '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 Large Pany'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 Large Pany.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Large Pany on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Large Pany Value or generate 0.0% return on investment in Large Pany over 30 days. Large Pany is related to or competes with Small Pany, Small Pany, Wilshire 5000, Wilshire Income, Wilshire Income, Wilshire 5000, and Large Pany. The fund invests under normal circumstances, at least 80 percent of its net assets in the common stock of companies with... More
Large Pany 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 Large Pany'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 Large Pany Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7744 | |||
| Information Ratio | 0.0481 | |||
| Maximum Drawdown | 2.76 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.05 |
Large Pany Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Large Pany's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Large Pany's standard deviation. In reality, there are many statistical measures that can use Large Pany historical prices to predict the future Large Pany's volatility.| Risk Adjusted Performance | 0.09 | |||
| Jensen Alpha | 0.0813 | |||
| Total Risk Alpha | 0.0307 | |||
| Sortino Ratio | 0.0401 | |||
| Treynor Ratio | (5.00) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Large Pany'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.
Large Pany Value Backtested Returns
We consider Large Pany very steady. Large Pany Value has Sharpe Ratio of 0.15, which conveys that the entity had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Large Pany, which you can use to evaluate the volatility of the fund. Please verify Large Pany's Downside Deviation of 0.7744, risk adjusted performance of 0.09, and Mean Deviation of 0.4865 to check out if the risk estimate we provide is consistent with the expected return of 0.097%. The fund secures a Beta (Market Risk) of -0.0161, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Large Pany are expected to decrease at a much lower rate. During the bear market, Large Pany is likely to outperform the market.
Auto-correlation | -0.6 |
Good reverse predictability
Large Pany Value has good reverse predictability. Overlapping area represents the amount of predictability between Large Pany time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Large Pany Value price movement. The serial correlation of -0.6 indicates that roughly 60.0% of current Large Pany price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.6 | |
| Spearman Rank Test | -0.51 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Large Pany Value lagged returns against current returns
Autocorrelation, which is Large Pany 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 Large Pany's mutual fund expected returns. We can calculate the autocorrelation of Large Pany returns to help us make a trade decision. For example, suppose you find that Large Pany 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 |
Large Pany 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 Large Pany mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Large Pany mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Large Pany mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Large Pany Lagged Returns
When evaluating Large Pany's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Large Pany mutual fund have on its future price. Large Pany 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, Large Pany autocorrelation shows the relationship between Large Pany mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Large Pany Value.
Regressed Prices |
| Timeline |
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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.Check out Large Pany Correlation, Large Pany Volatility and Large Pany Alpha and Beta module to complement your research on Large Pany. You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.
Large Pany 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.