WP Income Backtesting

WPINX -- USA Fund  

USD 10.92  0.12  1.11%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of WP Income Plus Fund Institution and determine expected loss or profit from investing in WP Income over given investment horizon. See also WP Income Hype Analysis, WP Income Correlation, Portfolio Optimization, WP Income Volatility as well as analyze WP Income Alpha and Beta and WP Income Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

WP Income 'What if' Analysis

July 17, 2019
0.00
No Change 0.00  0.0 
In 2 months and 31 days
October 15, 2019
0.00
If you would invest  0.00  in WP Income on July 17, 2019 and sell it all today you would earn a total of 0.00 from holding WP Income Plus Fund Institution or generate 0.0% return on investment in WP Income over 90 days. WP Income is related to or competes with Vanguard High, BlackRock High, BlackRock High, BlackRock High, American High, American Funds, and American Funds. The fund seeks to meet its investment objective by investing approximately 80 percent in unaffiliated open- and closed-e...

WP Income Upside/Downside Indicators

Information Ratio0.0162
Maximum Drawdown4.52
Value At Risk(1.92)
Potential Upside1.11

WP Income Market Premium Indicators

Risk Adjusted Performance(0.01361)
Jensen Alpha(0.031263)
Total Risk Alpha0.0112
Treynor Ratio0.0802

WP Income Plus Backtested Returns

Macroaxis considers WP Income to be not too volatile. WP Income Plus retains Efficiency (Sharpe Ratio) of -0.0099 which attests that the fund had -0.0099% of return per unit of price deviation over the last 3 months. Macroaxis approach towards determining risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. WP Income exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out WP Income Plus Fund Institution Market Risk Adjusted Performance of 0.0902 and Standard Deviation of 0.8832 to validate risk estimate we provide. The entity owns Beta (Systematic Risk) of -0.2693 which attests that as returns on market increase, returns on owning WP Income are expected to decrease at a much smaller rate. During bear market, WP Income is likely to outperform the market. Even though it is essential to pay attention to WP Income Plus existing price patterns, it is always good to be careful when utilizing equity price patterns. Macroaxis approach towards determining future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. WP Income exposes twenty-one different technical indicators which can help you to evaluate its performance.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.44 
correlation synergy

Average predictability

WP Income Plus Fund Institution has average predictability. Overlapping area represents the amount of predictability between WP Income time series from July 17, 2019 to August 31, 2019 and August 31, 2019 to October 15, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of WP Income Plus price movement. The serial correlation of 0.44 indicates that just about 44.0% of current WP Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.44
Spearman Rank Test0.21
Residual Average0.0
Price Variance0.01

WP Income Plus lagged returns against current returns

 Current and Lagged Values 
      Timeline 

WP Income regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

WP Income Lagged Returns

 Regressed Prices 
      Timeline 

Current Sentiment - WPINX

WP Income Plus Investor Sentiment

Macroaxis portfolio users are unemotional in their outlook on investing in WP Income Plus Fund Institution. What is your outlook on investing in WP Income Plus Fund Institution? Are you bullish or bearish?
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Bearish
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50% Bearish
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See also WP Income Hype Analysis, WP Income Correlation, Portfolio Optimization, WP Income Volatility as well as analyze WP Income Alpha and Beta and WP Income Performance. Please also try Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
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