Wealthbuilder Growth Allocation Fund Market Value
| WGCFX Fund | USD 13.65 0.02 0.15% |
| Symbol | Wealthbuilder |
Wealthbuilder 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 Wealthbuilder 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 Wealthbuilder Growth.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Wealthbuilder Growth on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Wealthbuilder Growth Allocation or generate 0.0% return on investment in Wealthbuilder Growth over 90 days. Wealthbuilder Growth is related to or competes with Issachar Fund, Qs Us, Nationwide Global, Federated Mdt, T Rowe, Qs Global, and Fm Investments. The fund is a fund-of-funds that invests in various affiliated and unaffiliated mutual funds and exchange-traded funds t... More
Wealthbuilder 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 Wealthbuilder 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 Wealthbuilder Growth Allocation upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.6074 | |||
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 2.62 | |||
| Value At Risk | (0.89) | |||
| Potential Upside | 0.8289 |
Wealthbuilder Growth Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wealthbuilder Growth's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wealthbuilder Growth's standard deviation. In reality, there are many statistical measures that can use Wealthbuilder Growth historical prices to predict the future Wealthbuilder Growth's volatility.| Risk Adjusted Performance | 0.0625 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.15) | |||
| Treynor Ratio | 0.0656 |
Wealthbuilder Growth Backtested Returns
At this stage we consider Wealthbuilder Mutual Fund to be out of control. Wealthbuilder Growth shows Sharpe Ratio of 0.12, which attests that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wealthbuilder Growth, which you can use to evaluate the volatility of the fund. Please check out Wealthbuilder Growth's Mean Deviation of 0.3965, downside deviation of 0.6074, and Market Risk Adjusted Performance of 0.0756 to validate if the risk estimate we provide is consistent with the expected return of 0.0619%. The entity maintains a market beta of 0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wealthbuilder Growth's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wealthbuilder Growth is expected to be smaller as well.
Auto-correlation | 0.39 |
Below average predictability
Wealthbuilder Growth Allocation has below average predictability. Overlapping area represents the amount of predictability between Wealthbuilder Growth time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd of December 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 Wealthbuilder Growth price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Wealthbuilder Growth price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Wealthbuilder Growth lagged returns against current returns
Autocorrelation, which is Wealthbuilder 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 Wealthbuilder Growth's mutual fund expected returns. We can calculate the autocorrelation of Wealthbuilder Growth returns to help us make a trade decision. For example, suppose you find that Wealthbuilder 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 |
Wealthbuilder 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 Wealthbuilder Growth mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wealthbuilder 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 Wealthbuilder Growth mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wealthbuilder Growth Lagged Returns
When evaluating Wealthbuilder Growth's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wealthbuilder Growth mutual fund have on its future price. Wealthbuilder 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, Wealthbuilder Growth autocorrelation shows the relationship between Wealthbuilder Growth mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wealthbuilder Growth Allocation.
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 Wealthbuilder Mutual Fund
Wealthbuilder Growth financial ratios help investors to determine whether Wealthbuilder 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 Wealthbuilder with respect to the benefits of owning Wealthbuilder Growth security.
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