Walden Smid Cap Fund Market Value
| WASMX Fund | USD 27.17 0.46 1.72% |
| Symbol | Walden |
Walden Smid '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 Walden Smid'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 Walden Smid.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Walden Smid on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Walden Smid Cap or generate 0.0% return on investment in Walden Smid over 510 days. Walden Smid is related to or competes with Calvert Small, Calvert International, Champlain Mid, Morningstar Unconstrained, Thrivent High, Via Renewables, and T Rowe. The fund invests at least 80 percent of its assets in a diversified portfolio of domestic equity securities of small and... More
Walden Smid 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 Walden Smid'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 Walden Smid Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.685 | |||
| Information Ratio | 0.0333 | |||
| Maximum Drawdown | 4.39 | |||
| Value At Risk | (1.12) | |||
| Potential Upside | 1.62 |
Walden Smid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Walden Smid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Walden Smid's standard deviation. In reality, there are many statistical measures that can use Walden Smid historical prices to predict the future Walden Smid's volatility.| Risk Adjusted Performance | 0.1433 | |||
| Jensen Alpha | 0.0321 | |||
| Total Risk Alpha | 0.0162 | |||
| Sortino Ratio | 0.0408 | |||
| Treynor Ratio | 0.1519 |
Walden Smid Cap Backtested Returns
At this stage we consider Walden Mutual Fund to be very steady. Walden Smid Cap shows Sharpe Ratio of 0.2, which attests that the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Walden Smid Cap, which you can use to evaluate the volatility of the fund. Please check out Walden Smid's Market Risk Adjusted Performance of 0.1619, downside deviation of 0.685, and Mean Deviation of 0.6404 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The entity maintains a market beta of 0.96, which attests to possible diversification benefits within a given portfolio. Walden Smid returns are very sensitive to returns on the market. As the market goes up or down, Walden Smid is expected to follow.
Auto-correlation | 0.84 |
Very good predictability
Walden Smid Cap has very good predictability. Overlapping area represents the amount of predictability between Walden Smid time series from 5th of July 2023 to 16th of March 2024 and 16th of March 2024 to 26th 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 Walden Smid Cap price movement. The serial correlation of 0.84 indicates that around 84.0% of current Walden Smid price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Walden Smid Cap lagged returns against current returns
Autocorrelation, which is Walden Smid 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 Walden Smid's mutual fund expected returns. We can calculate the autocorrelation of Walden Smid returns to help us make a trade decision. For example, suppose you find that Walden Smid 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 |
Walden Smid 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 Walden Smid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Walden Smid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Walden Smid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Walden Smid Lagged Returns
When evaluating Walden Smid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Walden Smid mutual fund have on its future price. Walden Smid 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, Walden Smid autocorrelation shows the relationship between Walden Smid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Walden Smid Cap.
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 Walden Mutual Fund
Walden Smid financial ratios help investors to determine whether Walden 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 Walden with respect to the benefits of owning Walden Smid security.
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