Weitz Balanced Fund Market Value
| WBAIX Fund | USD 17.94 0.02 0.11% |
| Symbol | Weitz |
Weitz Balanced '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 Balanced'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 Balanced.
| 08/05/2023 |
| 11/27/2024 |
If you would invest 0.00 in Weitz Balanced on August 5, 2023 and sell it all today you would earn a total of 0.00 from holding Weitz Balanced or generate 0.0% return on investment in Weitz Balanced over 480 days. Weitz Balanced is related to or competes with Absolute Convertible, Putnam Convertible, Fidelity Sai, Advent Claymore, Virtus Convertible, and Gabelli Convertible. The fund invests primarily in a portfolio of equity and debt securities More
Weitz Balanced 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 Balanced'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 Balanced upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3118 | |||
| Information Ratio | (0.28) | |||
| Maximum Drawdown | 1.8 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.678 |
Weitz Balanced Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Weitz Balanced's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Weitz Balanced's standard deviation. In reality, there are many statistical measures that can use Weitz Balanced historical prices to predict the future Weitz Balanced's volatility.| Risk Adjusted Performance | 0.0711 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.30) | |||
| Treynor Ratio | 0.0771 |
Weitz Balanced Backtested Returns
At this stage we consider Weitz Mutual Fund to be very steady. Weitz Balanced shows Sharpe Ratio of 0.1, which attests that the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Weitz Balanced, which you can use to evaluate the volatility of the fund. Please check out Weitz Balanced's Market Risk Adjusted Performance of 0.0871, mean deviation of 0.2445, and Downside Deviation of 0.3118 to validate if the risk estimate we provide is consistent with the expected return of 0.0331%. The entity maintains a market beta of 0.34, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Weitz Balanced's returns are expected to increase less than the market. However, during the bear market, the loss of holding Weitz Balanced is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Weitz Balanced has very good predictability. Overlapping area represents the amount of predictability between Weitz Balanced time series from 5th of August 2023 to 1st of April 2024 and 1st of April 2024 to 27th 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 Weitz Balanced price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Weitz Balanced price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Weitz Balanced lagged returns against current returns
Autocorrelation, which is Weitz Balanced 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 Balanced's mutual fund expected returns. We can calculate the autocorrelation of Weitz Balanced returns to help us make a trade decision. For example, suppose you find that Weitz Balanced 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 Balanced 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 Balanced mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Weitz Balanced 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 Balanced mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Weitz Balanced Lagged Returns
When evaluating Weitz Balanced's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Weitz Balanced mutual fund have on its future price. Weitz Balanced 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 Balanced autocorrelation shows the relationship between Weitz Balanced mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Weitz Balanced.
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 Balanced 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 Balanced security.
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