Core Plus Income Fund Market Value
| WCPNX Fund | USD 9.60 0.01 0.10% |
| Symbol | Core |
Core Plus '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 Core Plus' 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 Core Plus.
| 05/04/2023 |
| 11/24/2024 |
If you would invest 0.00 in Core Plus on May 4, 2023 and sell it all today you would earn a total of 0.00 from holding Core Plus Income or generate 0.0% return on investment in Core Plus over 570 days. Core Plus is related to or competes with Artisan High, T Rowe, Dodge Cox, Performance Trust, and Riverpark Strategic. Under normal circumstances, the fund will invest at least 80 percent of its net assets, plus the amount of any borrowing... More
Core Plus 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 Core Plus' 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 Core Plus Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.56) | |||
| Maximum Drawdown | 1.14 | |||
| Value At Risk | (0.52) | |||
| Potential Upside | 0.4098 |
Core Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Core Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Core Plus' standard deviation. In reality, there are many statistical measures that can use Core Plus historical prices to predict the future Core Plus' volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.07) | |||
| Treynor Ratio | 0.3983 |
Core Plus Income Backtested Returns
Core Plus Income secures Sharpe Ratio (or Efficiency) of -0.0728, which signifies that the fund had a -0.0728% return per unit of risk over the last 3 months. Core Plus Income exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Core Plus' Standard Deviation of 0.2593, mean deviation of 0.1991, and Risk Adjusted Performance of (0.07) to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of -0.0637, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Core Plus are expected to decrease at a much lower rate. During the bear market, Core Plus is likely to outperform the market.
Auto-correlation | 0.35 |
Below average predictability
Core Plus Income has below average predictability. Overlapping area represents the amount of predictability between Core Plus time series from 4th of May 2023 to 13th of February 2024 and 13th of February 2024 to 24th 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 Core Plus Income price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Core Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Core Plus Income lagged returns against current returns
Autocorrelation, which is Core Plus 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 Core Plus' mutual fund expected returns. We can calculate the autocorrelation of Core Plus returns to help us make a trade decision. For example, suppose you find that Core Plus 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 |
Core Plus 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 Core Plus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Core Plus mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Core Plus mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Core Plus Lagged Returns
When evaluating Core Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Core Plus mutual fund have on its future price. Core Plus 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, Core Plus autocorrelation shows the relationship between Core Plus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Core Plus Income.
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 Core Mutual Fund
Core Plus financial ratios help investors to determine whether Core 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 Core with respect to the benefits of owning Core Plus security.
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