Capital World Growth Fund Market Value
RWBEX Fund | USD 64.56 0.37 0.58% |
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.
02/27/2024 |
| 03/28/2024 |
If you would invest 0.00 in Capital World on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Capital World Growth or generate 0.0% return on investment in Capital World over 30 days. Capital World is related to or competes with State Farm, Income Fund, American Funds, New World, American Mutual, American Mutual, and American Funds. The fund invests primarily in common stocks of well-established companies located around the world, many of which have t... 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 Growth upside and downside potential and time the market with a certain degree of confidence.
Downside Deviation | 0.5716 | |||
Information Ratio | 0.0114 | |||
Maximum Drawdown | 2.5 | |||
Value At Risk | (0.88) | |||
Potential Upside | 1.14 |
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 | 0.127 | |||
Jensen Alpha | 0.1336 | |||
Total Risk Alpha | (0.01) | |||
Sortino Ratio | 0.0124 | |||
Treynor Ratio | (7.14) |
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 Growth Backtested Returns
We consider Capital World very steady. Capital World Growth secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the fund had a 0.2% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Capital World Growth, which you can use to evaluate the volatility of the entity. Please confirm Capital World's Mean Deviation of 0.4837, downside deviation of 0.5716, and Risk Adjusted Performance of 0.127 to double-check if the risk estimate we provide is consistent with the expected return of 0.13%. The fund shows a Beta (market volatility) of -0.0184, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Capital World are expected to decrease at a much lower rate. During the bear market, Capital World is likely to outperform the market.
Auto-correlation | 0.56 |
Modest predictability
Capital World Growth has modest predictability. Overlapping area represents the amount of predictability between Capital World time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Growth price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Capital World price fluctuation can be explain by its past prices.
Correlation Coefficient | 0.56 | |
Spearman Rank Test | 0.48 | |
Residual Average | 0.0 | |
Price Variance | 0.16 |
Capital World Growth 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 Growth.
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 Growth 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 Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Capital Mutual Fund analysis
When running Capital World's price analysis, check to measure Capital World's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Capital World is operating at the current time. Most of Capital World's value examination focuses on studying past and present price action to predict the probability of Capital World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capital World's price. Additionally, you may evaluate how the addition of Capital World to your portfolios can decrease your overall portfolio volatility.
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