Partners Value Fund Market Value
| WPVIX Fund | USD 32.08 0.31 0.98% |
| Symbol | Partners |
Partners Value '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 Partners Value'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 Partners Value.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Partners Value on January 24, 2024 and sell it all today you would earn a total of 0.00 from holding Partners Value Fund or generate 0.0% return on investment in Partners Value over 90 days. Partners Value is related to or competes with Clipper Fund, Longleaf Partners, Third Avenue, and Muhlenkamp Fund. The funds investment strategy is to buy above-average to highest-quality businesses, at prices that the advisor believes... More
Partners Value 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 Partners Value'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 Partners Value Fund upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8308 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.34 | |||
| Value At Risk | (1.37) | |||
| Potential Upside | 1.14 |
Partners Value Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Partners Value's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Partners Value's standard deviation. In reality, there are many statistical measures that can use Partners Value historical prices to predict the future Partners Value's volatility.| Risk Adjusted Performance | 0.0449 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | 0.0389 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Partners Value'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.
Partners Value Backtested Returns
We consider Partners Value very steady. Partners Value maintains Sharpe Ratio (i.e., Efficiency) of 0.045, which implies the entity had a 0.045% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Partners Value, which you can use to evaluate the volatility of the fund. Please check Partners Value's Coefficient Of Variation of 1425.37, risk adjusted performance of 0.0449, and Semi Deviation of 0.7246 to confirm if the risk estimate we provide is consistent with the expected return of 0.0335%. The fund holds a Beta of 1.08, which implies a somewhat significant risk relative to the market. Partners Value returns are very sensitive to returns on the market. As the market goes up or down, Partners Value is expected to follow.
Auto-correlation | -0.63 |
Very good reverse predictability
Partners Value Fund has very good reverse predictability. Overlapping area represents the amount of predictability between Partners Value time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd of April 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 Partners Value price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Partners Value price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Partners Value lagged returns against current returns
Autocorrelation, which is Partners Value 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 Partners Value's mutual fund expected returns. We can calculate the autocorrelation of Partners Value returns to help us make a trade decision. For example, suppose you find that Partners Value 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 |
Partners Value 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 Partners Value mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Partners Value mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Partners Value mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Partners Value Lagged Returns
When evaluating Partners Value's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Partners Value mutual fund have on its future price. Partners Value 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, Partners Value autocorrelation shows the relationship between Partners Value mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Partners Value Fund.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Partners Value in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Partners Value's short interest history, or implied volatility extrapolated from Partners Value options trading.
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.Check out Partners Value Correlation, Partners Value Volatility and Partners Value Alpha and Beta module to complement your research on Partners Value. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
Partners Value technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.