Wireless Portfolio Wireless Fund Market Value
| FWRLX Fund | USD 13.61 0.07 0.52% |
| Symbol | Wireless |
Wireless Portfolio '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 Wireless Portfolio'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 Wireless Portfolio.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Wireless Portfolio on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Wireless Portfolio Wireless or generate 0.0% return on investment in Wireless Portfolio over 720 days. Wireless Portfolio is related to or competes with Telecommunications, Automotive Portfolio, Construction And, Consumer Finance, and Insurance Portfolio. The fund invests primarily in common stocks More
Wireless Portfolio 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 Wireless Portfolio'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 Wireless Portfolio Wireless upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7113 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 2.97 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.16 |
Wireless Portfolio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wireless Portfolio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wireless Portfolio's standard deviation. In reality, there are many statistical measures that can use Wireless Portfolio historical prices to predict the future Wireless Portfolio's volatility.| Risk Adjusted Performance | 0.1112 | |||
| Jensen Alpha | 0.0216 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.1687 |
Wireless Portfolio Backtested Returns
At this stage we consider Wireless Mutual Fund to be very steady. Wireless Portfolio shows Sharpe Ratio of 0.16, which attests that the fund had a 0.16% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wireless Portfolio, which you can use to evaluate the volatility of the fund. Please check out Wireless Portfolio's Market Risk Adjusted Performance of 0.1787, mean deviation of 0.5416, and Downside Deviation of 0.7113 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The entity maintains a market beta of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wireless Portfolio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wireless Portfolio is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Wireless Portfolio Wireless has average predictability. Overlapping area represents the amount of predictability between Wireless Portfolio time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd of December 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 Wireless Portfolio price movement. The serial correlation of 0.47 indicates that about 47.0% of current Wireless Portfolio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Wireless Portfolio lagged returns against current returns
Autocorrelation, which is Wireless Portfolio 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 Wireless Portfolio's mutual fund expected returns. We can calculate the autocorrelation of Wireless Portfolio returns to help us make a trade decision. For example, suppose you find that Wireless Portfolio 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 |
Wireless Portfolio 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 Wireless Portfolio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wireless Portfolio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wireless Portfolio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wireless Portfolio Lagged Returns
When evaluating Wireless Portfolio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wireless Portfolio mutual fund have on its future price. Wireless Portfolio 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, Wireless Portfolio autocorrelation shows the relationship between Wireless Portfolio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wireless Portfolio Wireless.
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 Wireless Mutual Fund
Wireless Portfolio financial ratios help investors to determine whether Wireless 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 Wireless with respect to the benefits of owning Wireless Portfolio security.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets |