Wilmington Broad Market Fund Market Value
| WABMX Fund | USD 8.69 0.02 0.23% |
| Symbol | Wilmington |
Wilmington Broad '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 Wilmington Broad'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 Wilmington Broad.
| 02/12/2024 |
| 05/12/2024 |
If you would invest 0.00 in Wilmington Broad on February 12, 2024 and sell it all today you would earn a total of 0.00 from holding Wilmington Broad Market or generate 0.0% return on investment in Wilmington Broad over 90 days. Wilmington Broad is related to or competes with Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, Vanguard Total, Bond Fund, and Bond Fund. Under normal circumstances, the fund invests at least 80 percent of the value of its net assets in fixed income securiti... More
Wilmington Broad 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 Wilmington Broad'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 Wilmington Broad Market upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.29) | |||
| Maximum Drawdown | 1.49 | |||
| Value At Risk | (0.58) | |||
| Potential Upside | 0.4582 |
Wilmington Broad Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wilmington Broad's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wilmington Broad's standard deviation. In reality, there are many statistical measures that can use Wilmington Broad historical prices to predict the future Wilmington Broad's volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.06) | |||
| Treynor Ratio | (0.1) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wilmington Broad'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.
Wilmington Broad Market Backtested Returns
Wilmington Broad Market shows Sharpe Ratio of -0.0255, which attests that the fund had a -0.0255% return per unit of risk over the last 3 months. Wilmington Broad Market exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wilmington Broad's Mean Deviation of 0.2635, market risk adjusted performance of (0.09), and Standard Deviation of 0.328 to validate the risk estimate we provide. The entity maintains a market beta of 0.24, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wilmington Broad's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wilmington Broad is expected to be smaller as well.
Auto-correlation | -0.43 |
Modest reverse predictability
Wilmington Broad Market has modest reverse predictability. Overlapping area represents the amount of predictability between Wilmington Broad time series from 12th of February 2024 to 28th of March 2024 and 28th of March 2024 to 12th 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 Wilmington Broad Market price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Wilmington Broad price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wilmington Broad Market lagged returns against current returns
Autocorrelation, which is Wilmington Broad 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 Wilmington Broad's mutual fund expected returns. We can calculate the autocorrelation of Wilmington Broad returns to help us make a trade decision. For example, suppose you find that Wilmington Broad 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 |
Wilmington Broad 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 Wilmington Broad mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wilmington Broad mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wilmington Broad mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wilmington Broad Lagged Returns
When evaluating Wilmington Broad's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wilmington Broad mutual fund have on its future price. Wilmington Broad 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, Wilmington Broad autocorrelation shows the relationship between Wilmington Broad mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wilmington Broad Market.
Regressed Prices |
| Timeline |
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 Wilmington Broad Correlation, Wilmington Broad Volatility and Wilmington Broad Alpha and Beta module to complement your research on Wilmington Broad. You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.
Wilmington Broad 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.