Wilmington New York Fund Market Value
| WNYAX Fund | USD 9.91 0.03 0.30% |
| Symbol | Wilmington |
Wilmington New '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 Wilmington New'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 Wilmington New.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Wilmington New on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Wilmington New York or generate 0.0% return on investment in Wilmington New over 30 days. Wilmington New is related to or competes with Wilmington Global, Wilmington Global, Wilmington Broad, Wilmington Municipal, Wilmington Municipal, Wilmington Diversified, and Wilmington Diversified. The fund seeks to achieve its investment goal, under normal circumstances, by investing its net assets so that at least ... More
Wilmington New 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 Wilmington New'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 Wilmington New York upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3413 | |||
| Information Ratio | (0.62) | |||
| Maximum Drawdown | 1.12 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.3021 |
Wilmington New Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wilmington New's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wilmington New's standard deviation. In reality, there are many statistical measures that can use Wilmington New historical prices to predict the future Wilmington New's volatility.| Risk Adjusted Performance | 0.0135 | |||
| Jensen Alpha | 0.0097 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.37) | |||
| Treynor Ratio | (0.01) |
Wilmington New York Backtested Returns
At this stage we consider Wilmington Mutual Fund to be very steady. Wilmington New York shows Sharpe Ratio of 0.0394, which attests that the fund had a 0.0394% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wilmington New York, which you can use to evaluate the volatility of the fund. Please check out Wilmington New's Downside Deviation of 0.3413, mean deviation of 0.1242, and insignificant Market Risk Adjusted Performance to validate if the risk estimate we provide is consistent with the expected return of 0.0081%. The entity maintains a market beta of -0.0685, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wilmington New are expected to decrease at a much lower rate. During the bear market, Wilmington New is likely to outperform the market.
Auto-correlation | 0.59 |
Modest predictability
Wilmington New York has modest predictability. Overlapping area represents the amount of predictability between Wilmington New time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Wilmington New York price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Wilmington New price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wilmington New York lagged returns against current returns
Autocorrelation, which is Wilmington New 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 Wilmington New's mutual fund expected returns. We can calculate the autocorrelation of Wilmington New returns to help us make a trade decision. For example, suppose you find that Wilmington New 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 |
Wilmington New 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 Wilmington New mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wilmington New mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wilmington New mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wilmington New Lagged Returns
When evaluating Wilmington New's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wilmington New mutual fund have on its future price. Wilmington New 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, Wilmington New autocorrelation shows the relationship between Wilmington New mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wilmington New York.
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 Wilmington Mutual Fund
Wilmington New financial ratios help investors to determine whether Wilmington 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 Wilmington with respect to the benefits of owning Wilmington New security.
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