Navian Waycross Longshort Fund Market Value
| WAYEX Fund | USD 16.63 0.10 0.60% |
| Symbol | Navian |
Navian Waycross '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 Navian Waycross' 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 Navian Waycross.
| 04/27/2022 |
| 04/16/2024 |
If you would invest 0.00 in Navian Waycross on April 27, 2022 and sell it all today you would earn a total of 0.00 from holding Navian Waycross Longshort or generate 0.0% return on investment in Navian Waycross over 720 days. Navian Waycross is related to or competes with Waycross Focused, American Mutual, Oil Equipment, T Rowe, Eagle Mlp, Eaton Vance, and Aama Equity. The fund will invest at least 80 percent of its net assets in equity securities traded in the United States More
Navian Waycross 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 Navian Waycross' 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 Navian Waycross Longshort upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.4578 | |||
| Information Ratio | 0.0827 | |||
| Maximum Drawdown | 3.02 | |||
| Value At Risk | (0.77) | |||
| Potential Upside | 1.02 |
Navian Waycross Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navian Waycross' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navian Waycross' standard deviation. In reality, there are many statistical measures that can use Navian Waycross historical prices to predict the future Navian Waycross' volatility.| Risk Adjusted Performance | 0.1355 | |||
| Jensen Alpha | 0.0801 | |||
| Total Risk Alpha | 0.0526 | |||
| Sortino Ratio | 0.1027 | |||
| Treynor Ratio | 0.2239 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Navian Waycross' 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.
Navian Waycross Longshort Backtested Returns
We consider Navian Waycross very steady. Navian Waycross Longshort has Sharpe Ratio of 0.2, which conveys that the entity had a 0.2% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Navian Waycross, which you can use to evaluate the volatility of the fund. Please verify Navian Waycross' Mean Deviation of 0.4229, risk adjusted performance of 0.1355, and Downside Deviation of 0.4578 to check out if the risk estimate we provide is consistent with the expected return of 0.12%. The fund secures a Beta (Market Risk) of 0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Navian Waycross' returns are expected to increase less than the market. However, during the bear market, the loss of holding Navian Waycross is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Navian Waycross Longshort has modest predictability. Overlapping area represents the amount of predictability between Navian Waycross time series from 27th of April 2022 to 22nd of April 2023 and 22nd of April 2023 to 16th 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 Navian Waycross Longshort price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Navian Waycross price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.38 | |
| Residual Average | 0.0 | |
| Price Variance | 1.05 |
Navian Waycross Longshort lagged returns against current returns
Autocorrelation, which is Navian Waycross 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 Navian Waycross' mutual fund expected returns. We can calculate the autocorrelation of Navian Waycross returns to help us make a trade decision. For example, suppose you find that Navian Waycross 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 |
Navian Waycross 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 Navian Waycross mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navian Waycross mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navian Waycross mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Navian Waycross Lagged Returns
When evaluating Navian Waycross' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navian Waycross mutual fund have on its future price. Navian Waycross 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, Navian Waycross autocorrelation shows the relationship between Navian Waycross mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Navian Waycross Longshort.
Regressed Prices |
| Timeline |
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| STETH | Staked Ether | |
| LINK | Chainlink |
Check out Navian Waycross Correlation, Navian Waycross Volatility and Navian Waycross Alpha and Beta module to complement your research on Navian Waycross. Note that the Navian Waycross Longshort information on this page should be used as a complementary analysis to other Navian Waycross' 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Navian Waycross 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.