Washington Mutual Investors Fund Market Value
| AWSHX Fund | USD 66.11 0.31 0.47% |
| Symbol | Washington |
Washington Mutual '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 Washington Mutual'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 Washington Mutual.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Washington Mutual on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Washington Mutual Investors or generate 0.0% return on investment in Washington Mutual over 30 days. Washington Mutual is related to or competes with Aqr Diversified, Pgim Conservative, Oppenheimer International, Huber Capital, and Harbor Diversified. The fund invests primarily in common stocks of established companies that are listed on, or meet the financial listing r... More
Washington Mutual 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 Washington Mutual'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 Washington Mutual Investors upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6746 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.3 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 0.9985 |
Washington Mutual Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Washington Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Washington Mutual's standard deviation. In reality, there are many statistical measures that can use Washington Mutual historical prices to predict the future Washington Mutual's volatility.| Risk Adjusted Performance | 0.0894 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.088 |
Washington Mutual Backtested Returns
At this stage we consider Washington Mutual Fund to be very steady. Washington Mutual shows Sharpe Ratio of 0.14, which attests that the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Washington Mutual, which you can use to evaluate the volatility of the fund. Please check out Washington Mutual's Downside Deviation of 0.6746, market risk adjusted performance of 0.098, and Mean Deviation of 0.5025 to validate if the risk estimate we provide is consistent with the expected return of 0.09%. The entity maintains a market beta of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Washington Mutual's returns are expected to increase less than the market. However, during the bear market, the loss of holding Washington Mutual is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Washington Mutual Investors has very good predictability. Overlapping area represents the amount of predictability between Washington Mutual time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Washington Mutual price movement. The serial correlation of 0.85 indicates that around 85.0% of current Washington Mutual price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.5 |
Washington Mutual lagged returns against current returns
Autocorrelation, which is Washington Mutual 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 Washington Mutual's mutual fund expected returns. We can calculate the autocorrelation of Washington Mutual returns to help us make a trade decision. For example, suppose you find that Washington Mutual 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 |
Washington Mutual 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 Washington Mutual mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Washington Mutual mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Washington Mutual mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Washington Mutual Lagged Returns
When evaluating Washington Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Washington Mutual mutual fund have on its future price. Washington Mutual 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, Washington Mutual autocorrelation shows the relationship between Washington Mutual mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Washington Mutual Investors.
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 Washington Mutual Fund
Washington Mutual financial ratios help investors to determine whether Washington 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 Washington with respect to the benefits of owning Washington Mutual security.
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