Wilshire 5000 Index Fund Market Value
| WINDX Fund | USD 34.71 0.15 0.43% |
| Symbol | Wilshire |
Wilshire 5000 '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 Wilshire 5000'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 Wilshire 5000.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Wilshire 5000 on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Wilshire 5000 Index or generate 0.0% return on investment in Wilshire 5000 over 30 days. Wilshire 5000 is related to or competes with Schwab Total, Vanguard Russell, IShares Russell, and Large Company. The fund invests at least 80 percent of its assets in the equity securities of companies included in the index that are ... More
Wilshire 5000 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 Wilshire 5000'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 Wilshire 5000 Index upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8039 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.03 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.07 |
Wilshire 5000 Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wilshire 5000's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wilshire 5000's standard deviation. In reality, there are many statistical measures that can use Wilshire 5000 historical prices to predict the future Wilshire 5000's volatility.| Risk Adjusted Performance | 0.109 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.1149 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wilshire 5000'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.
Wilshire 5000 Index Backtested Returns
At this stage we consider Wilshire Mutual Fund to be very steady. Wilshire 5000 Index shows Sharpe Ratio of 0.17, which attests that the fund had a 0.17% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wilshire 5000 Index, which you can use to evaluate the volatility of the fund. Please check out Wilshire 5000's Downside Deviation of 0.8039, mean deviation of 0.5552, and Market Risk Adjusted Performance of 0.1249 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The entity maintains a market beta of 0.87, which attests to possible diversification benefits within a given portfolio. Wilshire 5000 returns are very sensitive to returns on the market. As the market goes up or down, Wilshire 5000 is expected to follow.
Auto-correlation | 0.87 |
Very good predictability
Wilshire 5000 Index has very good predictability. Overlapping area represents the amount of predictability between Wilshire 5000 time series from 28th of October 2024 to 12th of November 2024 and 12th of November 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 Wilshire 5000 Index price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Wilshire 5000 price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.09 |
Wilshire 5000 Index lagged returns against current returns
Autocorrelation, which is Wilshire 5000 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 Wilshire 5000's mutual fund expected returns. We can calculate the autocorrelation of Wilshire 5000 returns to help us make a trade decision. For example, suppose you find that Wilshire 5000 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 |
Wilshire 5000 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 Wilshire 5000 mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wilshire 5000 mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wilshire 5000 mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wilshire 5000 Lagged Returns
When evaluating Wilshire 5000's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wilshire 5000 mutual fund have on its future price. Wilshire 5000 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, Wilshire 5000 autocorrelation shows the relationship between Wilshire 5000 mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wilshire 5000 Index.
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 Wilshire Mutual Fund
Wilshire 5000 financial ratios help investors to determine whether Wilshire 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 Wilshire with respect to the benefits of owning Wilshire 5000 security.
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