Teton Vertible Securities Fund Market Value
| WEICX Fund | USD 15.14 0.10 0.66% |
| Symbol | Teton |
Teton Convertible '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 Teton Convertible'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 Teton Convertible.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Teton Convertible on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Teton Vertible Securities or generate 0.0% return on investment in Teton Convertible over 30 days. Teton Convertible is related to or competes with Teton Westwood, Teton Westwood, Teton Westwood, Teton Westwood, Teton Westwood, Teton Westwood, and Teton Westwood. The fund invests, under normal circumstances, at least 80 percent of its net assets in convertible securities, and in de... More
Teton Convertible 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 Teton Convertible'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 Teton Vertible Securities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5239 | |||
| Information Ratio | 0.0674 | |||
| Maximum Drawdown | 2.53 | |||
| Value At Risk | (0.72) | |||
| Potential Upside | 1.09 |
Teton Convertible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Teton Convertible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Teton Convertible's standard deviation. In reality, there are many statistical measures that can use Teton Convertible historical prices to predict the future Teton Convertible's volatility.| Risk Adjusted Performance | 0.2181 | |||
| Jensen Alpha | 0.0861 | |||
| Total Risk Alpha | 0.0678 | |||
| Sortino Ratio | 0.0745 | |||
| Treynor Ratio | 0.2614 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Teton Convertible'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.
Teton Vertible Securities Backtested Returns
At this stage we consider Teton Mutual Fund to be very steady. Teton Vertible Securities owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.31, which indicates the fund had a 0.31% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Teton Vertible Securities, which you can use to evaluate the volatility of the fund. Please validate Teton Convertible's Risk Adjusted Performance of 0.2181, coefficient of variation of 345.37, and Semi Deviation of 0.1171 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. The entity has a beta of 0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Teton Convertible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Teton Convertible is expected to be smaller as well.
Auto-correlation | 0.96 |
Excellent predictability
Teton Vertible Securities has excellent predictability. Overlapping area represents the amount of predictability between Teton Convertible time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Teton Vertible Securities price movement. The serial correlation of 0.96 indicates that 96.0% of current Teton Convertible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.96 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Teton Vertible Securities lagged returns against current returns
Autocorrelation, which is Teton Convertible 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 Teton Convertible's mutual fund expected returns. We can calculate the autocorrelation of Teton Convertible returns to help us make a trade decision. For example, suppose you find that Teton Convertible 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 |
Teton Convertible 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 Teton Convertible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Teton Convertible mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Teton Convertible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Teton Convertible Lagged Returns
When evaluating Teton Convertible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Teton Convertible mutual fund have on its future price. Teton Convertible 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, Teton Convertible autocorrelation shows the relationship between Teton Convertible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Teton Vertible Securities.
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 Teton Mutual Fund
Teton Convertible financial ratios help investors to determine whether Teton 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 Teton with respect to the benefits of owning Teton Convertible security.
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