World Energy Fund Market Value
| AAWEX Fund | USD 15.42 0.14 0.92% |
| Symbol | World |
World Energy '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 World Energy'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 World Energy.
| 06/08/2023 |
| 11/29/2024 |
If you would invest 0.00 in World Energy on June 8, 2023 and sell it all today you would earn a total of 0.00 from holding World Energy Fund or generate 0.0% return on investment in World Energy over 540 days. World Energy is related to or competes with Arrow Managed, Ab Bond, Ab Bond, Aqr Managed, Asg Managed, Ab Bond, and Ab Bond. The fund invests at least 80 percent of its net assets in a wide range of energy-related financial instruments issued in... More
World Energy 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 World Energy'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 World Energy Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.0473 | |||
| Maximum Drawdown | 5.87 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.84 |
World Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Energy's standard deviation. In reality, there are many statistical measures that can use World Energy historical prices to predict the future World Energy's volatility.| Risk Adjusted Performance | 0.119 | |||
| Jensen Alpha | 0.0589 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.0435 | |||
| Treynor Ratio | 0.1751 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of World Energy'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.
World Energy Backtested Returns
World Energy appears to be very steady, given 3 months investment horizon. World Energy shows Sharpe Ratio of 0.22, which attests that the fund had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for World Energy, which you can use to evaluate the volatility of the fund. Please utilize World Energy's Downside Deviation of 1.32, mean deviation of 0.8899, and Market Risk Adjusted Performance of 0.1851 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.99, which attests to possible diversification benefits within a given portfolio. World Energy returns are very sensitive to returns on the market. As the market goes up or down, World Energy is expected to follow.
Auto-correlation | 0.16 |
Very weak predictability
World Energy Fund has very weak predictability. Overlapping area represents the amount of predictability between World Energy time series from 8th of June 2023 to 4th of March 2024 and 4th of March 2024 to 29th of November 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 World Energy price movement. The serial correlation of 0.16 indicates that over 16.0% of current World Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.27 |
World Energy lagged returns against current returns
Autocorrelation, which is World Energy 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 World Energy's mutual fund expected returns. We can calculate the autocorrelation of World Energy returns to help us make a trade decision. For example, suppose you find that World Energy 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 |
World Energy 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 World Energy mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Energy mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in World Energy mutual fund over time.
Current vs Lagged Prices |
| Timeline |
World Energy Lagged Returns
When evaluating World Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Energy mutual fund have on its future price. World Energy 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, World Energy autocorrelation shows the relationship between World Energy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in World Energy Fund.
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 World Mutual Fund
World Energy financial ratios help investors to determine whether World 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 World with respect to the benefits of owning World Energy security.
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