Wcm China Quality Fund Market Value
| WCMCX Fund | USD 8.72 0.01 0.11% |
| Symbol | Wcm |
Wcm China '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 Wcm China'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 Wcm China.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Wcm China on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Wcm China Quality or generate 0.0% return on investment in Wcm China over 180 days. Wcm China is related to or competes with Investment Managers, Wcm Focused, Wcm Focused, Wcm Small, Wcm Sustainable, Wcm Small, and Wcm Focused. Under normal market conditions, the fund invests at least 80 percent of its net assets in equity securities of Chinese c... More
Wcm China 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 Wcm China'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 Wcm China Quality upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.039 | |||
| Maximum Drawdown | 12.0 | |||
| Value At Risk | (2.55) | |||
| Potential Upside | 3.97 |
Wcm China Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wcm China's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wcm China's standard deviation. In reality, there are many statistical measures that can use Wcm China historical prices to predict the future Wcm China's volatility.| Risk Adjusted Performance | 0.0878 | |||
| Jensen Alpha | 0.1975 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0406 | |||
| Treynor Ratio | 2.8 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wcm China'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.
Wcm China Quality Backtested Returns
At this stage we consider Wcm Mutual Fund to be not too volatile. Wcm China Quality shows Sharpe Ratio of 0.0925, which attests that the fund had a 0.0925% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wcm China Quality, which you can use to evaluate the volatility of the fund. Please check out Wcm China's Downside Deviation of 1.95, mean deviation of 1.44, and Market Risk Adjusted Performance of 2.81 to validate if the risk estimate we provide is consistent with the expected return of 0.19%. The entity maintains a market beta of 0.074, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wcm China's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wcm China is expected to be smaller as well.
Auto-correlation | -0.59 |
Good reverse predictability
Wcm China Quality has good reverse predictability. Overlapping area represents the amount of predictability between Wcm China 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 Wcm China Quality price movement. The serial correlation of -0.59 indicates that roughly 59.0% of current Wcm China price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.59 | |
| Spearman Rank Test | -0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.48 |
Wcm China Quality lagged returns against current returns
Autocorrelation, which is Wcm China 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 Wcm China's mutual fund expected returns. We can calculate the autocorrelation of Wcm China returns to help us make a trade decision. For example, suppose you find that Wcm China 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 |
Wcm China 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 Wcm China mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wcm China mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wcm China mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wcm China Lagged Returns
When evaluating Wcm China's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wcm China mutual fund have on its future price. Wcm China 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, Wcm China autocorrelation shows the relationship between Wcm China mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wcm China Quality.
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 Wcm Mutual Fund
Wcm China financial ratios help investors to determine whether Wcm 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 Wcm with respect to the benefits of owning Wcm China security.
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges |