Old Westbury All Fund Market Value
| OWACX Fund | USD 28.88 0.07 0.24% |
| Symbol | Old |
Old Westbury '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 Old Westbury'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 Old Westbury.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Old Westbury on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Old Westbury All or generate 0.0% return on investment in Old Westbury over 30 days. Old Westbury is related to or competes with Western Asset, Artisan High, Msift High, American Century, Pioneer High, Prudential Short, and Fidelity Capital. The fund pursues its investment goal by investing in a diversified portfolio of equity and equity-related securities of ... More
Old Westbury 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 Old Westbury'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 Old Westbury All upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7874 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 4.38 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 1.15 |
Old Westbury Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Old Westbury's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Old Westbury's standard deviation. In reality, there are many statistical measures that can use Old Westbury historical prices to predict the future Old Westbury's volatility.| Risk Adjusted Performance | 0.0956 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0991 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Old Westbury'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.
Old Westbury All Backtested Returns
At this stage we consider Old Mutual Fund to be very steady. Old Westbury All maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Old Westbury All, which you can use to evaluate the volatility of the fund. Please check Old Westbury's Semi Deviation of 0.6641, risk adjusted performance of 0.0956, and Coefficient Of Variation of 802.31 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. The fund holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Old Westbury returns are very sensitive to returns on the market. As the market goes up or down, Old Westbury is expected to follow.
Auto-correlation | 0.92 |
Excellent predictability
Old Westbury All has excellent predictability. Overlapping area represents the amount of predictability between Old Westbury time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Old Westbury All price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Old Westbury price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
Old Westbury All lagged returns against current returns
Autocorrelation, which is Old Westbury 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 Old Westbury's mutual fund expected returns. We can calculate the autocorrelation of Old Westbury returns to help us make a trade decision. For example, suppose you find that Old Westbury 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 |
Old Westbury 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 Old Westbury mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Old Westbury mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Old Westbury mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Old Westbury Lagged Returns
When evaluating Old Westbury's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Old Westbury mutual fund have on its future price. Old Westbury 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, Old Westbury autocorrelation shows the relationship between Old Westbury mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Old Westbury All.
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 Old Mutual Fund
Old Westbury financial ratios help investors to determine whether Old 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 Old with respect to the benefits of owning Old Westbury security.
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