Wmcanx Fund Market Value
| WMCANX Fund | 17.05 0.10 0.58% |
| Symbol | Wmcanx |
Wmcanx '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 Wmcanx's 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 Wmcanx.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Wmcanx on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Wmcanx or generate 0.0% return on investment in Wmcanx over 30 days.
Wmcanx 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 Wmcanx's 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 Wmcanx upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0768 | |||
| Maximum Drawdown | 2.41 | |||
| Value At Risk | (0.93) | |||
| Potential Upside | 1.07 |
Wmcanx Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wmcanx's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wmcanx's standard deviation. In reality, there are many statistical measures that can use Wmcanx historical prices to predict the future Wmcanx's volatility.| Risk Adjusted Performance | 0.1854 | |||
| Jensen Alpha | 0.1295 | |||
| Total Risk Alpha | 0.0691 | |||
| Treynor Ratio | 1.04 |
Wmcanx Backtested Returns
At this stage we consider Wmcanx Fund to be very steady. Wmcanx 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-one technical indicators for Wmcanx, which you can use to evaluate the volatility of the fund. Please check out Wmcanx's Standard Deviation of 0.6751, mean deviation of 0.4957, and Market Risk Adjusted Performance of 1.05 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The entity maintains a market beta of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wmcanx's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wmcanx is expected to be smaller as well.
Auto-correlation | 0.32 |
Below average predictability
Wmcanx has below average predictability. Overlapping area represents the amount of predictability between Wmcanx time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 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 Wmcanx price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Wmcanx price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wmcanx lagged returns against current returns
Autocorrelation, which is Wmcanx 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 Wmcanx's fund expected returns. We can calculate the autocorrelation of Wmcanx returns to help us make a trade decision. For example, suppose you find that Wmcanx has exhibited high autocorrelation historically, and you observe that the 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 |
Wmcanx 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 Wmcanx fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wmcanx fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wmcanx fund over time.
Current vs Lagged Prices |
| Timeline |
Wmcanx Lagged Returns
When evaluating Wmcanx's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wmcanx fund have on its future price. Wmcanx 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, Wmcanx autocorrelation shows the relationship between Wmcanx fund current value and its past values and can show if there is a momentum factor associated with investing in Wmcanx.
Regressed Prices |
| Timeline |
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