Capital World Bond Fund Market Value
| RCWGX Fund | USD 15.96 0.02 0.13% |
| Symbol | Capital |
Capital World '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 Capital World'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 Capital World.
| 05/19/2022 |
| 05/08/2024 |
If you would invest 0.00 in Capital World on May 19, 2022 and sell it all today you would earn a total of 0.00 from holding Capital World Bond or generate 0.0% return on investment in Capital World over 720 days. Capital World is related to or competes with Washington Mutual, Alternative Asset, Smead Value, Guidemark Large, Enhanced Large, and Calvert Moderate. The fund will invest at least 80 percent of its assets in bonds and other debt securities, which may be represented by d... More
Capital World 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 Capital World'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 Capital World Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 1.86 | |||
| Value At Risk | (0.81) | |||
| Potential Upside | 0.5096 |
Capital World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital World's standard deviation. In reality, there are many statistical measures that can use Capital World historical prices to predict the future Capital World's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.13) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capital World'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.
Capital World Bond Backtested Returns
Capital World Bond secures Sharpe Ratio (or Efficiency) of -0.0169, which signifies that the fund had a -0.0169% return per unit of risk over the last 3 months. Capital World Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Capital World's Risk Adjusted Performance of (0.06), mean deviation of 0.2997, and Standard Deviation of 0.4012 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 0.35, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Capital World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capital World is expected to be smaller as well.
Auto-correlation | 0.70 |
Good predictability
Capital World Bond has good predictability. Overlapping area represents the amount of predictability between Capital World time series from 19th of May 2022 to 14th of May 2023 and 14th of May 2023 to 8th 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 Capital World Bond price movement. The serial correlation of 0.7 indicates that around 70.0% of current Capital World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.7 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Capital World Bond lagged returns against current returns
Autocorrelation, which is Capital World 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 Capital World's mutual fund expected returns. We can calculate the autocorrelation of Capital World returns to help us make a trade decision. For example, suppose you find that Capital World 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 |
Capital World 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 Capital World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital World mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Capital World Lagged Returns
When evaluating Capital World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital World mutual fund have on its future price. Capital World 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, Capital World autocorrelation shows the relationship between Capital World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Capital World Bond.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Capital World Correlation, Capital World Volatility and Capital World Alpha and Beta module to complement your research on Capital World. Note that the Capital World Bond information on this page should be used as a complementary analysis to other Capital World'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 Global Correlations module to find global opportunities by holding instruments from different markets.
Capital World 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.