William Blair Global Fund Market Value
| WGFIX Fund | USD 15.96 0.04 0.25% |
| Symbol | William |
William Blair '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 William Blair'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 William Blair.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in William Blair on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding William Blair Global or generate 0.0% return on investment in William Blair over 30 days. William Blair is related to or competes with Marsico 21st, Northern Small, Aberdeen Select, HUMANA, Barloworld, Morningstar Unconstrained, and High Yield. Under normal market conditions, the fund invests at least 80 percent of its total assets in a diversified portfolio of e... More
William Blair 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 William Blair'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 William Blair Global upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8655 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.51 | |||
| Value At Risk | (1.33) | |||
| Potential Upside | 1.48 |
William Blair Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for William Blair's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as William Blair's standard deviation. In reality, there are many statistical measures that can use William Blair historical prices to predict the future William Blair's volatility.| Risk Adjusted Performance | 0.0579 | |||
| Jensen Alpha | 0.06 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 5.44 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of William Blair'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.
William Blair Global Backtested Returns
We consider William Blair very steady. William Blair Global shows Sharpe Ratio of 0.0507, which attests that the fund had a 0.0507% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for William Blair Global, which you can use to evaluate the volatility of the fund. Please check out William Blair's Mean Deviation of 0.6167, market risk adjusted performance of 5.45, and Downside Deviation of 0.8655 to validate if the risk estimate we provide is consistent with the expected return of 0.0411%. The entity maintains a market beta of 0.0112, which attests to not very significant fluctuations relative to the market. As returns on the market increase, William Blair's returns are expected to increase less than the market. However, during the bear market, the loss of holding William Blair is expected to be smaller as well.
Auto-correlation | 0.61 |
Good predictability
William Blair Global has good predictability. Overlapping area represents the amount of predictability between William Blair time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 William Blair Global price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current William Blair price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
William Blair Global lagged returns against current returns
Autocorrelation, which is William Blair 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 William Blair's mutual fund expected returns. We can calculate the autocorrelation of William Blair returns to help us make a trade decision. For example, suppose you find that William Blair 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 |
William Blair 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 William Blair mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if William Blair mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in William Blair mutual fund over time.
Current vs Lagged Prices |
| Timeline |
William Blair Lagged Returns
When evaluating William Blair's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of William Blair mutual fund have on its future price. William Blair 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, William Blair autocorrelation shows the relationship between William Blair mutual fund current value and its past values and can show if there is a momentum factor associated with investing in William Blair Global.
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 William Blair Correlation, William Blair Volatility and William Blair Alpha and Beta module to complement your research on William Blair. 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.
William Blair 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.