Weitz Ultra Short Fund Market Value
| SAFEX Fund | USD 9.99 0.00 0.00% |
| Symbol | Weitz |
Weitz Ultra '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 Weitz Ultra'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 Weitz Ultra.
| 09/03/2024 |
| 01/31/2025 |
If you would invest 0.00 in Weitz Ultra on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Weitz Ultra Short or generate 0.0% return on investment in Weitz Ultra over 150 days. Weitz Ultra is related to or competes with Balanced Allocation, Hartford Moderate, Upright Assets, T Rowe, Growth Allocation, Guidemark(r) Large, and Rational Strategic. The fund will invest at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, i... More
Weitz Ultra 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 Weitz Ultra'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 Weitz Ultra Short upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.84) | |||
| Maximum Drawdown | 0.6049 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1009 |
Weitz Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weitz Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weitz Ultra's standard deviation. In reality, there are many statistical measures that can use Weitz Ultra historical prices to predict the future Weitz Ultra's volatility.| Risk Adjusted Performance | 0.0673 | |||
| Jensen Alpha | 0.0078 | |||
| Total Risk Alpha | (0) | |||
| Treynor Ratio | (0.60) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Weitz Ultra'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.
Weitz Ultra Short Backtested Returns
At this stage we consider Weitz Mutual Fund to be very steady. Weitz Ultra Short shows Sharpe Ratio of 0.13, which attests that the fund had a 0.13 % return per unit of risk over the last 3 months. We have found eighteen technical indicators for Weitz Ultra Short, which you can use to evaluate the volatility of the fund. Please check out Weitz Ultra's Standard Deviation of 0.0994, market risk adjusted performance of (0.59), and Mean Deviation of 0.0458 to validate if the risk estimate we provide is consistent with the expected return of 0.012%. The entity maintains a market beta of -0.0113, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Weitz Ultra are expected to decrease at a much lower rate. During the bear market, Weitz Ultra is likely to outperform the market.
Auto-correlation | 0.73 |
Good predictability
Weitz Ultra Short has good predictability. Overlapping area represents the amount of predictability between Weitz Ultra time series from 3rd of September 2024 to 17th of November 2024 and 17th of November 2024 to 31st 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 Weitz Ultra Short price movement. The serial correlation of 0.73 indicates that around 73.0% of current Weitz Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.73 | |
| Spearman Rank Test | 0.96 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Weitz Ultra Short lagged returns against current returns
Autocorrelation, which is Weitz Ultra 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 Weitz Ultra's mutual fund expected returns. We can calculate the autocorrelation of Weitz Ultra returns to help us make a trade decision. For example, suppose you find that Weitz Ultra 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 |
Weitz Ultra 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 Weitz Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weitz Ultra mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Weitz Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Weitz Ultra Lagged Returns
When evaluating Weitz Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weitz Ultra mutual fund have on its future price. Weitz Ultra 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, Weitz Ultra autocorrelation shows the relationship between Weitz Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Weitz Ultra Short.
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 Weitz Mutual Fund
Weitz Ultra financial ratios help investors to determine whether Weitz 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 Weitz with respect to the benefits of owning Weitz Ultra security.
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