Pabrai Wagons Institutional Fund Market Value
| WGNIX Fund | 11.67 0.15 1.27% |
| Symbol | Pabrai |
Pabrai Wagons '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 Pabrai Wagons' 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 Pabrai Wagons.
| 12/08/2024 |
| 01/07/2025 |
If you would invest 0.00 in Pabrai Wagons on December 8, 2024 and sell it all today you would earn a total of 0.00 from holding Pabrai Wagons Institutional or generate 0.0% return on investment in Pabrai Wagons over 30 days. Pabrai Wagons is related to or competes with Jhancock Diversified, Madison Diversified, Voya Solution, Fulcrum Diversified, and Huber Capital. Under normal circumstances, the fund aims to achieve its investment objective by investing at least 80 percent of the va... More
Pabrai Wagons 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 Pabrai Wagons' 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 Pabrai Wagons Institutional upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 8.06 | |||
| Value At Risk | (1.61) | |||
| Potential Upside | 1.78 |
Pabrai Wagons Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pabrai Wagons' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pabrai Wagons' standard deviation. In reality, there are many statistical measures that can use Pabrai Wagons historical prices to predict the future Pabrai Wagons' volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.1) | |||
| Treynor Ratio | (0.33) |
Pabrai Wagons Instit Backtested Returns
Pabrai Wagons Instit maintains Sharpe Ratio (i.e., Efficiency) of -0.0164, which implies the entity had a -0.0164% return per unit of risk over the last 3 months. Pabrai Wagons Instit exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pabrai Wagons' Risk Adjusted Performance of (0.05), variance of 1.27, and Coefficient Of Variation of (1,639) to confirm the risk estimate we provide. The fund holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pabrai Wagons' returns are expected to increase less than the market. However, during the bear market, the loss of holding Pabrai Wagons is expected to be smaller as well.
Auto-correlation | 0.87 |
Very good predictability
Pabrai Wagons Institutional has very good predictability. Overlapping area represents the amount of predictability between Pabrai Wagons time series from 8th of December 2024 to 23rd of December 2024 and 23rd of December 2024 to 7th of January 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pabrai Wagons Instit price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Pabrai Wagons price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Pabrai Wagons Instit lagged returns against current returns
Autocorrelation, which is Pabrai Wagons 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 Pabrai Wagons' mutual fund expected returns. We can calculate the autocorrelation of Pabrai Wagons returns to help us make a trade decision. For example, suppose you find that Pabrai Wagons 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 |
Pabrai Wagons 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 Pabrai Wagons mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pabrai Wagons mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pabrai Wagons mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Pabrai Wagons Lagged Returns
When evaluating Pabrai Wagons' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pabrai Wagons mutual fund have on its future price. Pabrai Wagons 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, Pabrai Wagons autocorrelation shows the relationship between Pabrai Wagons mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Pabrai Wagons Institutional.
Regressed Prices |
| Timeline |
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Other Information on Investing in Pabrai Mutual Fund
Pabrai Wagons financial ratios help investors to determine whether Pabrai 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 Pabrai with respect to the benefits of owning Pabrai Wagons security.
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