Wilmington Diversified Income Fund Market Value
| WDIIX Fund | USD 13.98 0.17 1.23% |
| Symbol | Wilmington |
Wilmington Diversified '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 Wilmington Diversified'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 Wilmington Diversified.
| 05/27/2024 |
| 11/23/2024 |
If you would invest 0.00 in Wilmington Diversified on May 27, 2024 and sell it all today you would earn a total of 0.00 from holding Wilmington Diversified Income or generate 0.0% return on investment in Wilmington Diversified over 180 days. Wilmington Diversified is related to or competes with Lord Abbett, Small Cap, Blackrock, Auer Growth, Ab Core, Ab Value, and Rational Special. Under normal circumstances, the fund invests at least 80 percent of the value of its net assets in securities that produ... More
Wilmington Diversified 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 Wilmington Diversified'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 Wilmington Diversified Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5761 | |||
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 3.54 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.13 |
Wilmington Diversified Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wilmington Diversified's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wilmington Diversified's standard deviation. In reality, there are many statistical measures that can use Wilmington Diversified historical prices to predict the future Wilmington Diversified's volatility.| Risk Adjusted Performance | 0.0797 | |||
| Jensen Alpha | 0.0678 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.10) | |||
| Treynor Ratio | (1.33) |
Wilmington Diversified Backtested Returns
At this stage we consider Wilmington Mutual Fund to be very steady. Wilmington Diversified shows Sharpe Ratio of 0.0869, which attests that the fund had a 0.0869% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wilmington Diversified, which you can use to evaluate the volatility of the fund. Please check out Wilmington Diversified's Mean Deviation of 0.5178, market risk adjusted performance of (1.32), and Downside Deviation of 0.5761 to validate if the risk estimate we provide is consistent with the expected return of 0.0592%. The entity maintains a market beta of -0.0466, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wilmington Diversified are expected to decrease at a much lower rate. During the bear market, Wilmington Diversified is likely to outperform the market.
Auto-correlation | 0.69 |
Good predictability
Wilmington Diversified Income has good predictability. Overlapping area represents the amount of predictability between Wilmington Diversified time series from 27th of May 2024 to 25th of August 2024 and 25th of August 2024 to 23rd 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 Wilmington Diversified price movement. The serial correlation of 0.69 indicates that around 69.0% of current Wilmington Diversified price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Wilmington Diversified lagged returns against current returns
Autocorrelation, which is Wilmington Diversified 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 Wilmington Diversified's mutual fund expected returns. We can calculate the autocorrelation of Wilmington Diversified returns to help us make a trade decision. For example, suppose you find that Wilmington Diversified 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 |
Wilmington Diversified 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 Wilmington Diversified mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wilmington Diversified mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wilmington Diversified mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wilmington Diversified Lagged Returns
When evaluating Wilmington Diversified's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wilmington Diversified mutual fund have on its future price. Wilmington Diversified 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, Wilmington Diversified autocorrelation shows the relationship between Wilmington Diversified mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wilmington Diversified 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 Wilmington Mutual Fund
Wilmington Diversified financial ratios help investors to determine whether Wilmington 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 Wilmington with respect to the benefits of owning Wilmington Diversified security.
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