Wilmington Municipal Bond Fund Market Value
| WTABX Fund | USD 12.31 0.01 0.08% |
| Symbol | Wilmington |
Wilmington Municipal '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 Municipal'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 Municipal.
| 12/05/2022 |
| 11/24/2024 |
If you would invest 0.00 in Wilmington Municipal on December 5, 2022 and sell it all today you would earn a total of 0.00 from holding Wilmington Municipal Bond or generate 0.0% return on investment in Wilmington Municipal over 720 days. Wilmington Municipal is related to or competes with Wilmington Global, Wilmington Global, Wilmington Broad, Wilmington Municipal, Wilmington Diversified, and Wilmington Diversified. Under normal circumstances, the fund invests at least 80 percent of the value of its net assets in municipal securities ... More
Wilmington Municipal 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 Municipal'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 Municipal Bond upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3118 | |||
| Information Ratio | (0.65) | |||
| Maximum Drawdown | 1.06 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.2447 |
Wilmington Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wilmington Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wilmington Municipal's standard deviation. In reality, there are many statistical measures that can use Wilmington Municipal historical prices to predict the future Wilmington Municipal's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.41) | |||
| Treynor Ratio | (0.17) |
Wilmington Municipal Bond Backtested Returns
At this stage we consider Wilmington Mutual Fund to be very steady. Wilmington Municipal Bond shows Sharpe Ratio of 0.0073, which attests that the fund had a 0.0073% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wilmington Municipal Bond, which you can use to evaluate the volatility of the fund. Please check out Wilmington Municipal's Mean Deviation of 0.1164, market risk adjusted performance of (0.16), and Downside Deviation of 0.3118 to validate if the risk estimate we provide is consistent with the expected return of 0.0014%. The entity maintains a market beta of 0.0425, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wilmington Municipal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wilmington Municipal is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Wilmington Municipal Bond has good reverse predictability. Overlapping area represents the amount of predictability between Wilmington Municipal time series from 5th of December 2022 to 30th of November 2023 and 30th of November 2023 to 24th 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 Municipal Bond price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Wilmington Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wilmington Municipal Bond lagged returns against current returns
Autocorrelation, which is Wilmington Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of Wilmington Municipal returns to help us make a trade decision. For example, suppose you find that Wilmington Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wilmington Municipal 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 Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wilmington Municipal Lagged Returns
When evaluating Wilmington Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wilmington Municipal mutual fund have on its future price. Wilmington Municipal 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 Municipal autocorrelation shows the relationship between Wilmington Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wilmington Municipal Bond.
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 Municipal 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 Municipal security.
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