Wpg Partners Smallmicro Fund Market Value
| WPGTX Fund | USD 19.33 0.09 0.46% |
| Symbol | Wpg |
Wpg Partners '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 Wpg Partners' 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 Wpg Partners.
| 03/27/2024 |
| 04/26/2024 |
If you would invest 0.00 in Wpg Partners on March 27, 2024 and sell it all today you would earn a total of 0.00 from holding Wpg Partners Smallmicro or generate 0.0% return on investment in Wpg Partners over 30 days. Wpg Partners is related to or competes with Aggressive Investors, Buffalo Small, Putnam Small, and Dreyfus Strategic. The fund invests at least 80 percent of its net assets in equity securities of U.S More
Wpg Partners 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 Wpg Partners' 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 Wpg Partners Smallmicro upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | (0) | |||
| Maximum Drawdown | 4.2 | |||
| Value At Risk | (1.62) | |||
| Potential Upside | 1.33 |
Wpg Partners Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wpg Partners' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wpg Partners' standard deviation. In reality, there are many statistical measures that can use Wpg Partners historical prices to predict the future Wpg Partners' volatility.| Risk Adjusted Performance | 0.0629 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | (0) | |||
| Treynor Ratio | 0.058 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wpg Partners' 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.
Wpg Partners Smallmicro Backtested Returns
We consider Wpg Partners very steady. Wpg Partners Smallmicro shows Sharpe Ratio of 0.0506, which attests that the fund had a 0.0506% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wpg Partners Smallmicro, which you can use to evaluate the volatility of the fund. Please check out Wpg Partners' Market Risk Adjusted Performance of 0.068, mean deviation of 0.6978, and Downside Deviation of 1.03 to validate if the risk estimate we provide is consistent with the expected return of 0.0464%. The entity maintains a market beta of 1.32, which attests to 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, Wpg Partners will likely underperform.
Auto-correlation | 0.21 |
Weak predictability
Wpg Partners Smallmicro has weak predictability. Overlapping area represents the amount of predictability between Wpg Partners time series from 27th of March 2024 to 11th of April 2024 and 11th of April 2024 to 26th 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 Wpg Partners Smallmicro price movement. The serial correlation of 0.21 indicates that over 21.0% of current Wpg Partners price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.21 | |
| Spearman Rank Test | 0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Wpg Partners Smallmicro lagged returns against current returns
Autocorrelation, which is Wpg Partners 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 Wpg Partners' mutual fund expected returns. We can calculate the autocorrelation of Wpg Partners returns to help us make a trade decision. For example, suppose you find that Wpg Partners 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 |
Wpg Partners 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 Wpg Partners mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wpg Partners mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wpg Partners mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wpg Partners Lagged Returns
When evaluating Wpg Partners' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wpg Partners mutual fund have on its future price. Wpg Partners 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, Wpg Partners autocorrelation shows the relationship between Wpg Partners mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wpg Partners Smallmicro.
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 Wpg Partners Correlation, Wpg Partners Volatility and Wpg Partners Alpha and Beta module to complement your research on Wpg Partners. You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Wpg Partners 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.