Williston Basinmid North America Fund Market Value
| ICPUX Fund | USD 5.41 0.06 1.10% |
| Symbol | Williston |
Williston Basinmid '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 Williston Basinmid'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 Williston Basinmid.
| 02/24/2024 |
| 05/24/2024 |
If you would invest 0.00 in Williston Basinmid on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Williston Basinmid North America or generate 0.0% return on investment in Williston Basinmid over 90 days. Williston Basinmid is related to or competes with Vanguard Energy, Vanguard Energy, Fidelity Select, Fidelity Advisor, and Invesco Energy. The fund normally invests at least 80 percent of its net assets in the stock of domestic and foreign issuers that are pa... More
Williston Basinmid 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 Williston Basinmid'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 Williston Basinmid North America upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.0601 | |||
| Maximum Drawdown | 4.17 | |||
| Value At Risk | (1.26) | |||
| Potential Upside | 1.18 |
Williston Basinmid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Williston Basinmid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Williston Basinmid's standard deviation. In reality, there are many statistical measures that can use Williston Basinmid historical prices to predict the future Williston Basinmid's volatility.| Risk Adjusted Performance | 0.081 | |||
| Jensen Alpha | 0.0526 | |||
| Total Risk Alpha | 0.0319 | |||
| Sortino Ratio | 0.0466 | |||
| Treynor Ratio | 0.1062 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Williston Basinmid'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.
Williston Basinmid Backtested Returns
We consider Williston Basinmid not too volatile. Williston Basinmid shows Sharpe Ratio of 0.13, which attests that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Williston Basinmid, which you can use to evaluate the volatility of the fund. Please check out Williston Basinmid's Market Risk Adjusted Performance of 0.1162, mean deviation of 0.5952, and Downside Deviation of 1.02 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The entity maintains a market beta of 0.89, which attests to possible diversification benefits within a given portfolio. Williston Basinmid returns are very sensitive to returns on the market. As the market goes up or down, Williston Basinmid is expected to follow.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Williston Basinmid North America has insignificant reverse predictability. Overlapping area represents the amount of predictability between Williston Basinmid time series from 24th of February 2024 to 9th of April 2024 and 9th of April 2024 to 24th of May 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 Williston Basinmid price movement. The serial correlation of -0.18 indicates that over 18.0% of current Williston Basinmid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Williston Basinmid lagged returns against current returns
Autocorrelation, which is Williston Basinmid 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 Williston Basinmid's mutual fund expected returns. We can calculate the autocorrelation of Williston Basinmid returns to help us make a trade decision. For example, suppose you find that Williston Basinmid 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 |
Williston Basinmid 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 Williston Basinmid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Williston Basinmid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Williston Basinmid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Williston Basinmid Lagged Returns
When evaluating Williston Basinmid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Williston Basinmid mutual fund have on its future price. Williston Basinmid 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, Williston Basinmid autocorrelation shows the relationship between Williston Basinmid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Williston Basinmid North America.
Regressed Prices |
| Timeline |
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Check out Williston Basinmid Correlation, Williston Basinmid Volatility and Williston Basinmid Alpha and Beta module to complement your research on Williston Basinmid. You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.
Williston Basinmid 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.