Index Fund Administrator Fund Market Value
| WFIOX Fund | USD 49.60 0.59 1.20% |
| Symbol | Index |
Index Fund '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 Index Fund'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 Index Fund.
| 07/04/2022 |
| 04/24/2024 |
If you would invest 0.00 in Index Fund on July 4, 2022 and sell it all today you would earn a total of 0.00 from holding Index Fund Administrator or generate 0.0% return on investment in Index Fund over 660 days. Index Fund is related to or competes with Morningstar Unconstrained, and SPACE. The fund invests at least 80 percent of its net assets in a diversified portfolio of equity securities designed to repli... More
Index Fund 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 Index Fund'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 Index Fund Administrator upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7121 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.55 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.14 |
Index Fund Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Index Fund's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Index Fund's standard deviation. In reality, there are many statistical measures that can use Index Fund historical prices to predict the future Index Fund's volatility.| Risk Adjusted Performance | 0.0672 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0681 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Index Fund'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.
Index Fund Administrator Backtested Returns
We consider Index Fund out of control. Index Fund Administrator holds Efficiency (Sharpe) Ratio of 0.0846, which attests that the entity had a 0.0846% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Index Fund Administrator, which you can use to evaluate the volatility of the entity. Please check out Index Fund's Risk Adjusted Performance of 0.0672, downside deviation of 0.7121, and Market Risk Adjusted Performance of 0.0781 to validate if the risk estimate we provide is consistent with the expected return of 0.0638%. The fund retains a Market Volatility (i.e., Beta) of 1.0, which attests to possible diversification benefits within a given portfolio. Index Fund returns are very sensitive to returns on the market. As the market goes up or down, Index Fund is expected to follow.
Auto-correlation | 0.54 |
Modest predictability
Index Fund Administrator has modest predictability. Overlapping area represents the amount of predictability between Index Fund time series from 4th of July 2022 to 30th of May 2023 and 30th of May 2023 to 24th 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 Index Fund Administrator price movement. The serial correlation of 0.54 indicates that about 54.0% of current Index Fund price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 10.22 |
Index Fund Administrator lagged returns against current returns
Autocorrelation, which is Index Fund 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 Index Fund's mutual fund expected returns. We can calculate the autocorrelation of Index Fund returns to help us make a trade decision. For example, suppose you find that Index Fund 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 |
Index Fund 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 Index Fund mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Index Fund mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Index Fund mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Index Fund Lagged Returns
When evaluating Index Fund's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Index Fund mutual fund have on its future price. Index Fund 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, Index Fund autocorrelation shows the relationship between Index Fund mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Index Fund Administrator.
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 Index Fund 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, Index Fund's short interest history, or implied volatility extrapolated from Index Fund options trading.
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 Index Fund Correlation, Index Fund Volatility and Index Fund Alpha and Beta module to complement your research on Index Fund. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..
Index Fund 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.