Mobile Telecommunications Ultrasector Fund Market Value
| WCPIX Fund | USD 145.52 0.81 0.55% |
| Symbol | Mobile |
Mobile Telecommunicatio '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 Mobile Telecommunicatio'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 Mobile Telecommunicatio.
| 02/17/2024 |
| 04/17/2024 |
If you would invest 0.00 in Mobile Telecommunicatio on February 17, 2024 and sell it all today you would earn a total of 0.00 from holding Mobile Telecommunications Ultrasector or generate 0.0% return on investment in Mobile Telecommunicatio over 60 days. Mobile Telecommunicatio is related to or competes with Consumer Services, Financials Ultrasector, and Pharmaceuticals Ultrasector. The fund invests in financial instruments that the fund advisors believes, in combination, should produce daily returns ... More
Mobile Telecommunicatio 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 Mobile Telecommunicatio'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 Mobile Telecommunications Ultrasector upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.45 | |||
| Information Ratio | 0.0868 | |||
| Maximum Drawdown | 8.54 | |||
| Value At Risk | (2.18) | |||
| Potential Upside | 2.36 |
Mobile Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mobile Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mobile Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Mobile Telecommunicatio historical prices to predict the future Mobile Telecommunicatio's volatility.| Risk Adjusted Performance | 0.0845 | |||
| Jensen Alpha | 0.1082 | |||
| Total Risk Alpha | 0.0643 | |||
| Sortino Ratio | 0.0919 | |||
| Treynor Ratio | 0.119 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mobile Telecommunicatio'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.
Mobile Telecommunicatio Backtested Returns
We consider Mobile Telecommunicatio very steady. Mobile Telecommunicatio has Sharpe Ratio of 0.12, which conveys that the entity had a 0.12% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mobile Telecommunicatio, which you can use to evaluate the volatility of the fund. Please verify Mobile Telecommunicatio's Mean Deviation of 1.15, downside deviation of 1.45, and Risk Adjusted Performance of 0.0845 to check out if the risk estimate we provide is consistent with the expected return of 0.19%. The fund secures a Beta (Market Risk) of 1.53, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Mobile Telecommunicatio will likely underperform.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Mobile Telecommunications Ultrasector has insignificant reverse predictability. Overlapping area represents the amount of predictability between Mobile Telecommunicatio time series from 17th of February 2024 to 18th of March 2024 and 18th of March 2024 to 17th 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 Mobile Telecommunicatio price movement. The serial correlation of -0.2 indicates that over 20.0% of current Mobile Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 3.32 |
Mobile Telecommunicatio lagged returns against current returns
Autocorrelation, which is Mobile Telecommunicatio 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 Mobile Telecommunicatio's mutual fund expected returns. We can calculate the autocorrelation of Mobile Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Mobile Telecommunicatio 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 |
Mobile Telecommunicatio 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 Mobile Telecommunicatio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mobile Telecommunicatio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mobile Telecommunicatio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mobile Telecommunicatio Lagged Returns
When evaluating Mobile Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mobile Telecommunicatio mutual fund have on its future price. Mobile Telecommunicatio 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, Mobile Telecommunicatio autocorrelation shows the relationship between Mobile Telecommunicatio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mobile Telecommunications Ultrasector.
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 Mobile Telecommunicatio 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, Mobile Telecommunicatio's short interest history, or implied volatility extrapolated from Mobile Telecommunicatio options trading.
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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.| LTC | Litecoin | |
| STETH | Staked Ether | |
| LINK | Chainlink |
Check out Mobile Telecommunicatio Correlation, Mobile Telecommunicatio Volatility and Mobile Telecommunicatio Alpha and Beta module to complement your research on Mobile Telecommunicatio. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
Mobile Telecommunicatio 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.