Wcm Quality Dividend Fund Market Value
| WCMYX Fund | 10.97 0.01 0.09% |
| Symbol | Wcm |
Wcm Quality '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 Quality'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 Quality.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Wcm Quality on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Wcm Quality Dividend or generate 0.0% return on investment in Wcm Quality over 720 days. Wcm Quality is related to or competes with Ambrus Core, Vanguard High-yield, Victory High, Blrc Sgy, Icon Bond, California Bond, and Dreyfus/standish. Under normal circumstances, the fund will invest at least 80 percent of its net assets in the equity securities of U.S More
Wcm Quality 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 Quality'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 Quality Dividend upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4944 | |||
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 2.69 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.8467 |
Wcm Quality Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wcm Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wcm Quality's standard deviation. In reality, there are many statistical measures that can use Wcm Quality historical prices to predict the future Wcm Quality's volatility.| Risk Adjusted Performance | 0.0477 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.19) | |||
| Treynor Ratio | 0.0429 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wcm Quality'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 Quality Dividend Backtested Returns
At this stage we consider Wcm Mutual Fund to be very steady. Wcm Quality Dividend shows Sharpe Ratio of 0.0566, which attests that the fund had a 0.0566% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wcm Quality Dividend, which you can use to evaluate the volatility of the fund. Please check out Wcm Quality's Downside Deviation of 0.4944, market risk adjusted performance of 0.0529, and Mean Deviation of 0.4202 to validate if the risk estimate we provide is consistent with the expected return of 0.0307%. The entity maintains a market beta of 0.61, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wcm Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wcm Quality is expected to be smaller as well.
Auto-correlation | -0.62 |
Very good reverse predictability
Wcm Quality Dividend has very good reverse predictability. Overlapping area represents the amount of predictability between Wcm Quality time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Quality Dividend price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Wcm Quality price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Wcm Quality Dividend lagged returns against current returns
Autocorrelation, which is Wcm Quality 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 Quality's mutual fund expected returns. We can calculate the autocorrelation of Wcm Quality returns to help us make a trade decision. For example, suppose you find that Wcm Quality 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 Quality 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 Quality mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wcm Quality 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 Quality mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wcm Quality Lagged Returns
When evaluating Wcm Quality's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wcm Quality mutual fund have on its future price. Wcm Quality 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 Quality autocorrelation shows the relationship between Wcm Quality mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wcm Quality Dividend.
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 Quality 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 Quality security.
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