Williston Basinmid North America Fund Market Value
| ICPAX Fund | USD 5.48 0.05 0.92% |
| Symbol | Williston |
Williston Basin/mid-north '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 Basin/mid-north'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 Basin/mid-north.
| 03/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Williston Basin/mid-north on March 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 Basin/mid-north over 30 days. Williston Basin/mid-north is related to or competes with Blackrock Natural, Integrity Dividend, Guinness Atkinson, Ivy Energy, and MDU Resources. 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 Basin/mid-north 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 Basin/mid-north'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 | 0.954 | |||
| Information Ratio | 0.1679 | |||
| Maximum Drawdown | 5.06 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.46 |
Williston Basin/mid-north Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Williston Basin/mid-north's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Williston Basin/mid-north's standard deviation. In reality, there are many statistical measures that can use Williston Basin/mid-north historical prices to predict the future Williston Basin/mid-north's volatility.| Risk Adjusted Performance | 0.165 | |||
| Jensen Alpha | 0.1482 | |||
| Total Risk Alpha | 0.1148 | |||
| Sortino Ratio | 0.1553 | |||
| Treynor Ratio | 0.2235 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Williston Basin/mid-north'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 Basin/mid-north Backtested Returns
Williston Basin/mid-north appears to be not too volatile, given 3 months investment horizon. Williston Basin/mid-north shows Sharpe Ratio of 0.24, which attests that the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Williston Basin/mid-north, which you can use to evaluate the volatility of the fund. Please utilize Williston Basin/mid-north's Downside Deviation of 0.954, mean deviation of 0.6315, and Market Risk Adjusted Performance of 0.2335 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.0, which attests to possible diversification benefits within a given portfolio. Williston Basin/mid-north returns are very sensitive to returns on the market. As the market goes up or down, Williston Basin/mid-north is expected to follow.
Auto-correlation | -0.89 |
Excellent reverse predictability
Williston Basinmid North America has excellent reverse predictability. Overlapping area represents the amount of predictability between Williston Basin/mid-north time series from 24th of March 2024 to 8th of April 2024 and 8th of April 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 Williston Basin/mid-north price movement. The serial correlation of -0.89 indicates that approximately 89.0% of current Williston Basin/mid-north price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.89 | |
| Spearman Rank Test | -0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Williston Basin/mid-north lagged returns against current returns
Autocorrelation, which is Williston Basin/mid-north 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 Basin/mid-north's mutual fund expected returns. We can calculate the autocorrelation of Williston Basin/mid-north returns to help us make a trade decision. For example, suppose you find that Williston Basin/mid-north 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 Basin/mid-north 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 Basin/mid-north mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Williston Basin/mid-north 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 Basin/mid-north mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Williston Basin/mid-north Lagged Returns
When evaluating Williston Basin/mid-north's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Williston Basin/mid-north mutual fund have on its future price. Williston Basin/mid-north 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 Basin/mid-north autocorrelation shows the relationship between Williston Basin/mid-north 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 |
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 Williston Basin/mid-north 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, Williston Basin/mid-north's short interest history, or implied volatility extrapolated from Williston Basin/mid-north options trading.
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Try AI Portfolio ArchitectCheck out Williston Basin/mid-north Correlation, Williston Basin/mid-north Volatility and Williston Basin/mid-north Alpha and Beta module to complement your research on Williston Basin/mid-north. Note that the Williston Basin/mid-north information on this page should be used as a complementary analysis to other Williston Basin/mid-north's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.
Williston Basin/mid-north 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.