Wilshire International Equity Fund Market Value
| WLCTX Fund | USD 11.48 0.02 0.17% |
| Symbol | Wilshire |
Wilshire International '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 International'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 International.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Wilshire International on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Wilshire International Equity or generate 0.0% return on investment in Wilshire International over 30 days. Wilshire International is related to or competes with Large Company, Wilshire Large, Small Company, Small Company, and Wilshire International. The fund invests, under normal circumstances, at least 80 percent of its net assets in equity securities More
Wilshire International 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 International'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 International Equity upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.24) | |||
| Maximum Drawdown | 3.64 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.19 |
Wilshire International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wilshire International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wilshire International's standard deviation. In reality, there are many statistical measures that can use Wilshire International historical prices to predict the future Wilshire International's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wilshire International'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 International Backtested Returns
Wilshire International shows Sharpe Ratio of -0.093, which attests that the fund had a -0.093% return per unit of risk over the last 3 months. Wilshire International exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wilshire International's Standard Deviation of 0.7517, market risk adjusted performance of (0.12), and Mean Deviation of 0.5586 to validate the risk estimate we provide. The entity maintains a market beta of 0.44, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wilshire International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wilshire International is expected to be smaller as well.
Auto-correlation | 0.48 |
Average predictability
Wilshire International Equity has average predictability. Overlapping area represents the amount of predictability between Wilshire International time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 International price movement. The serial correlation of 0.48 indicates that about 48.0% of current Wilshire International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wilshire International lagged returns against current returns
Autocorrelation, which is Wilshire International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Wilshire International returns to help us make a trade decision. For example, suppose you find that Wilshire International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wilshire International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wilshire International Lagged Returns
When evaluating Wilshire International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wilshire International mutual fund have on its future price. Wilshire International 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 International autocorrelation shows the relationship between Wilshire International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wilshire International Equity.
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 International 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 International security.
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