Wealthbuilder Conservative Allocation Fund Market Value
| WCCFX Fund | USD 8.90 0.00 0.00% |
| Symbol | Wealthbuilder |
Wealthbuilder Conservative '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 Wealthbuilder Conservative'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 Wealthbuilder Conservative.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Wealthbuilder Conservative on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Wealthbuilder Conservative Allocation or generate 0.0% return on investment in Wealthbuilder Conservative over 180 days. Wealthbuilder Conservative is related to or competes with Aqr Long-short, Artisan Emerging, Origin Emerging, Calvert Developed, Siit Emerging, and Doubleline Emerging. The fund is a fund-of-funds that invests in various affiliated and unaffiliated mutual funds and exchange-traded funds t... More
Wealthbuilder Conservative 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 Wealthbuilder Conservative'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 Wealthbuilder Conservative Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3278 | |||
| Information Ratio | (0.48) | |||
| Maximum Drawdown | 1.36 | |||
| Value At Risk | (0.45) | |||
| Potential Upside | 0.3394 |
Wealthbuilder Conservative Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wealthbuilder Conservative's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wealthbuilder Conservative's standard deviation. In reality, there are many statistical measures that can use Wealthbuilder Conservative historical prices to predict the future Wealthbuilder Conservative's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | (0.17) |
Wealthbuilder Conservative Backtested Returns
At this stage we consider Wealthbuilder Mutual Fund to be very steady. Wealthbuilder Conservative shows Sharpe Ratio of 0.0397, which attests that the fund had a 0.0397% return per unit of risk over the last 3 months. We have found twenty-five technical indicators for Wealthbuilder Conservative, which you can use to evaluate the volatility of the fund. Please check out Wealthbuilder Conservative's Mean Deviation of 0.2234, downside deviation of 0.3278, and Market Risk Adjusted Performance of (0.16) to validate if the risk estimate we provide is consistent with the expected return of 0.0111%. The entity maintains a market beta of 0.0454, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wealthbuilder Conservative's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wealthbuilder Conservative is expected to be smaller as well.
Auto-correlation | -0.22 |
Weak reverse predictability
Wealthbuilder Conservative Allocation has weak reverse predictability. Overlapping area represents the amount of predictability between Wealthbuilder Conservative time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th 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 Wealthbuilder Conservative price movement. The serial correlation of -0.22 indicates that over 22.0% of current Wealthbuilder Conservative price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | -0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wealthbuilder Conservative lagged returns against current returns
Autocorrelation, which is Wealthbuilder Conservative 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 Wealthbuilder Conservative's mutual fund expected returns. We can calculate the autocorrelation of Wealthbuilder Conservative returns to help us make a trade decision. For example, suppose you find that Wealthbuilder Conservative 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 |
Wealthbuilder Conservative 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 Wealthbuilder Conservative mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wealthbuilder Conservative mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wealthbuilder Conservative mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wealthbuilder Conservative Lagged Returns
When evaluating Wealthbuilder Conservative's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wealthbuilder Conservative mutual fund have on its future price. Wealthbuilder Conservative 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, Wealthbuilder Conservative autocorrelation shows the relationship between Wealthbuilder Conservative mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wealthbuilder Conservative Allocation.
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 Wealthbuilder Mutual Fund
Wealthbuilder Conservative financial ratios help investors to determine whether Wealthbuilder 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 Wealthbuilder with respect to the benefits of owning Wealthbuilder Conservative security.
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