Azzad Wise Capital Fund Market Value
| WISEX Fund | USD 10.89 0.01 0.09% |
| Symbol | Azzad |
Azzad Wise '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 Azzad Wise'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 Azzad Wise.
| 05/25/2025 |
| 08/23/2025 |
If you would invest 0.00 in Azzad Wise on May 25, 2025 and sell it all today you would earn a total of 0.00 from holding Azzad Wise Capital or generate 0.0% return on investment in Azzad Wise over 90 days. Azzad Wise is related to or competes with Barings Active, Western Asset, Chartwell Short, Cmg Ultra, Dreyfus Short, Maryland Short-term, and American Funds. The fund invests primarily in fixed income securities issued for payment by international financial institutions, foreig... More
Azzad Wise 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 Azzad Wise'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 Azzad Wise Capital upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.0992 | |||
| Information Ratio | (1.07) | |||
| Maximum Drawdown | 0.2807 | |||
| Value At Risk | (0.09) | |||
| Potential Upside | 0.1842 |
Azzad Wise Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Azzad Wise's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Azzad Wise's standard deviation. In reality, there are many statistical measures that can use Azzad Wise historical prices to predict the future Azzad Wise's volatility.| Risk Adjusted Performance | 0.1986 | |||
| Jensen Alpha | 0.0127 | |||
| Total Risk Alpha | 0.0091 | |||
| Sortino Ratio | (0.77) | |||
| Treynor Ratio | 0.3139 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Azzad Wise'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.
Azzad Wise Capital Backtested Returns
At this stage we consider Azzad Mutual Fund to be very steady. Azzad Wise Capital secures Sharpe Ratio (or Efficiency) of 0.42, which signifies that the fund had a 0.42 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Azzad Wise Capital, which you can use to evaluate the volatility of the entity. Please confirm Azzad Wise's Mean Deviation of 0.0583, risk adjusted performance of 0.1986, and Coefficient Of Variation of 252.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.0284%. The fund shows a Beta (market volatility) of 0.0577, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Azzad Wise's returns are expected to increase less than the market. However, during the bear market, the loss of holding Azzad Wise is expected to be smaller as well.
Auto-correlation | 0.96 |
Excellent predictability
Azzad Wise Capital has excellent predictability. Overlapping area represents the amount of predictability between Azzad Wise time series from 25th of May 2025 to 9th of July 2025 and 9th of July 2025 to 23rd of August 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Azzad Wise Capital price movement. The serial correlation of 0.96 indicates that 96.0% of current Azzad Wise price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.98 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Azzad Wise Capital lagged returns against current returns
Autocorrelation, which is Azzad Wise 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 Azzad Wise's mutual fund expected returns. We can calculate the autocorrelation of Azzad Wise returns to help us make a trade decision. For example, suppose you find that Azzad Wise 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 |
Azzad Wise 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 Azzad Wise mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Azzad Wise mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Azzad Wise mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Azzad Wise Lagged Returns
When evaluating Azzad Wise's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Azzad Wise mutual fund have on its future price. Azzad Wise 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, Azzad Wise autocorrelation shows the relationship between Azzad Wise mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Azzad Wise Capital.
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.Other Information on Investing in Azzad Mutual Fund
Azzad Wise financial ratios help investors to determine whether Azzad Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Azzad with respect to the benefits of owning Azzad Wise security.
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