Wmcanx Fund Market Value
| WMCANX Fund | 18.42 0.02 0.11% |
| Symbol | Wmcanx |
Please note, there is a significant difference between Wmcanx's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wmcanx is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wmcanx's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Wmcanx '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 Wmcanx's 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 Wmcanx.
| 04/30/2025 |
| 07/29/2025 |
If you would invest 0.00 in Wmcanx on April 30, 2025 and sell it all today you would earn a total of 0.00 from holding Wmcanx or generate 0.0% return on investment in Wmcanx over 90 days. Wmcanx is related to or competes with American Century, Pace Smallmedium, Goldman Sachs, Fidelity Small, Mid-cap 15x, Applied Finance, and Heartland Value. Wmcanx is entity of United States. It is traded as Fund on NMFQS exchange. More
Wmcanx 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 Wmcanx's 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 Wmcanx upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5519 | |||
| Information Ratio | 0.0555 | |||
| Maximum Drawdown | 3.18 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 1.39 |
Wmcanx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wmcanx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wmcanx's standard deviation. In reality, there are many statistical measures that can use Wmcanx historical prices to predict the future Wmcanx's volatility.| Risk Adjusted Performance | 0.2955 | |||
| Jensen Alpha | 0.2277 | |||
| Total Risk Alpha | 0.0779 | |||
| Sortino Ratio | 0.0577 | |||
| Treynor Ratio | (2.60) |
Wmcanx Backtested Returns
At this stage we consider Wmcanx Fund to be very steady. Wmcanx shows Sharpe Ratio of 0.32, which attests that the fund had a 0.32 % return per unit of risk over the last 3 months. We have found twenty-six technical indicators for Wmcanx, which you can use to evaluate the volatility of the fund. Please check out Wmcanx's Market Risk Adjusted Performance of (2.59), mean deviation of 0.408, and Coefficient Of Variation of 257.43 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The entity maintains a market beta of -0.0819, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wmcanx are expected to decrease at a much lower rate. During the bear market, Wmcanx is likely to outperform the market.
Auto-correlation | 0.92 |
Excellent predictability
Wmcanx has excellent predictability. Overlapping area represents the amount of predictability between Wmcanx time series from 30th of April 2025 to 14th of June 2025 and 14th of June 2025 to 29th of July 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 Wmcanx price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Wmcanx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Wmcanx lagged returns against current returns
Autocorrelation, which is Wmcanx 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 Wmcanx's fund expected returns. We can calculate the autocorrelation of Wmcanx returns to help us make a trade decision. For example, suppose you find that Wmcanx has exhibited high autocorrelation historically, and you observe that the 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 |
Wmcanx 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 Wmcanx fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wmcanx fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wmcanx fund over time.
Current vs Lagged Prices |
| Timeline |
Wmcanx Lagged Returns
When evaluating Wmcanx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wmcanx fund have on its future price. Wmcanx 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, Wmcanx autocorrelation shows the relationship between Wmcanx fund current value and its past values and can show if there is a momentum factor associated with investing in Wmcanx.
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 Wmcanx Fund
Wmcanx financial ratios help investors to determine whether Wmcanx 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 Wmcanx with respect to the benefits of owning Wmcanx security.
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