World Core Equity Fund Market Value
| DREIX Fund | USD 25.11 0.20 0.80% |
| Symbol | World |
World Core '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 Core'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 Core.
| 03/12/2023 |
| 01/30/2025 |
If you would invest 0.00 in World Core on March 12, 2023 and sell it all today you would earn a total of 0.00 from holding World Core Equity or generate 0.0% return on investment in World Core over 690 days. World Core is related to or competes with Health Care, Health Care, Baron Health, The Hartford, Allianzgi Health, and Lord Abbett. The Portfolio generally allocates its assets among other mutual funds managed by the Advisor although it also has the ab... More
World Core 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 Core'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 Core Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8115 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.22 |
World Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Core's standard deviation. In reality, there are many statistical measures that can use World Core historical prices to predict the future World Core's volatility.| Risk Adjusted Performance | 0.0127 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.09) | |||
| Treynor Ratio | 0.0064 |
World Core Equity Backtested Returns
At this stage we consider World Mutual Fund to be very steady. World Core Equity shows Sharpe Ratio of 0.0582, which attests that the fund had a 0.0582 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for World Core Equity, which you can use to evaluate the volatility of the fund. Please check out World Core's Market Risk Adjusted Performance of 0.0164, downside deviation of 0.8115, and Mean Deviation of 0.5214 to validate if the risk estimate we provide is consistent with the expected return of 0.043%. The entity maintains a market beta of 0.37, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, World Core's returns are expected to increase less than the market. However, during the bear market, the loss of holding World Core is expected to be smaller as well.
Auto-correlation | 0.63 |
Good predictability
World Core Equity has good predictability. Overlapping area represents the amount of predictability between World Core time series from 12th of March 2023 to 20th of February 2024 and 20th of February 2024 to 30th of January 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 World Core Equity price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current World Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
World Core Equity lagged returns against current returns
Autocorrelation, which is World Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of World Core returns to help us make a trade decision. For example, suppose you find that World Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
World Core Lagged Returns
When evaluating World Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Core mutual fund have on its future price. World Core 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 Core autocorrelation shows the relationship between World Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in World Core Equity.
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 Core 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 Core security.
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