Emerging Growth Fund Market Value
| WEMIX Fund | USD 14.21 0.01 0.07% |
| Symbol | Emerging |
Emerging Growth '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 Emerging Growth'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 Emerging Growth.
| 12/03/2023 |
| 11/27/2024 |
If you would invest 0.00 in Emerging Growth on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Emerging Growth Fund or generate 0.0% return on investment in Emerging Growth over 360 days. Emerging Growth is related to or competes with Icon Natural, Oil Gas, Jennison Natural, Guinness Atkinson, Calvert Global, and Franklin Natural. The fund invests at least 80 percent of its total assets in equity securities of small-capitalization companies, and up ... More
Emerging Growth 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 Emerging Growth'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 Emerging Growth Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.0455 | |||
| Maximum Drawdown | 6.86 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 1.99 |
Emerging Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Emerging Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Emerging Growth's standard deviation. In reality, there are many statistical measures that can use Emerging Growth historical prices to predict the future Emerging Growth's volatility.| Risk Adjusted Performance | 0.1137 | |||
| Jensen Alpha | 0.0059 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.0459 | |||
| Treynor Ratio | 0.1245 |
Emerging Growth Backtested Returns
Emerging Growth appears to be moderately volatile, given 3 months investment horizon. Emerging Growth secures Sharpe Ratio (or Efficiency) of 0.15, which denotes the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Emerging Growth Fund, which you can use to evaluate the volatility of the entity. Please utilize Emerging Growth's Mean Deviation of 0.9832, coefficient of variation of 698.81, and Downside Deviation of 1.32 to check if our risk estimates are consistent with your expectations. The fund shows a Beta (market volatility) of 1.46, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Emerging Growth will likely underperform.
Auto-correlation | 0.57 |
Modest predictability
Emerging Growth Fund has modest predictability. Overlapping area represents the amount of predictability between Emerging Growth time series from 3rd of December 2023 to 31st of May 2024 and 31st of May 2024 to 27th 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 Emerging Growth price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Emerging Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 0.37 |
Emerging Growth lagged returns against current returns
Autocorrelation, which is Emerging Growth 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 Emerging Growth's mutual fund expected returns. We can calculate the autocorrelation of Emerging Growth returns to help us make a trade decision. For example, suppose you find that Emerging Growth 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 |
Emerging Growth 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 Emerging Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Emerging Growth mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Emerging Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Emerging Growth Lagged Returns
When evaluating Emerging Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Emerging Growth mutual fund have on its future price. Emerging Growth 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, Emerging Growth autocorrelation shows the relationship between Emerging Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Emerging Growth Fund.
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 Emerging Mutual Fund
Emerging Growth financial ratios help investors to determine whether Emerging 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 Emerging with respect to the benefits of owning Emerging Growth security.
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