Moerus Worldwide Value Fund Market Value
| MOWNX Fund | USD 15.90 0.21 1.34% |
| Symbol | Moerus |
Moerus Worldwide '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 Moerus Worldwide'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 Moerus Worldwide.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Moerus Worldwide on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Moerus Worldwide Value or generate 0.0% return on investment in Moerus Worldwide over 30 days. Moerus Worldwide is related to or competes with Lord Abbett, Pace High, Oakhurst Short, Msift High, Nuveen High, T Rowe, and Pgim High. The adviser pursues the funds investment objective by investing primarily in foreign and domestic common stocks that the... More
Moerus Worldwide 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 Moerus Worldwide'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 Moerus Worldwide Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8308 | |||
| Information Ratio | 0.1681 | |||
| Maximum Drawdown | 3.65 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.34 |
Moerus Worldwide Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Moerus Worldwide's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Moerus Worldwide's standard deviation. In reality, there are many statistical measures that can use Moerus Worldwide historical prices to predict the future Moerus Worldwide's volatility.| Risk Adjusted Performance | 0.1539 | |||
| Jensen Alpha | 0.1801 | |||
| Total Risk Alpha | 0.1248 | |||
| Sortino Ratio | 0.1646 | |||
| Treynor Ratio | 4.69 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Moerus Worldwide'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.
Moerus Worldwide Value Backtested Returns
We consider Moerus Worldwide very steady. Moerus Worldwide Value has Sharpe Ratio of 0.24, which conveys that the entity had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Moerus Worldwide, which you can use to evaluate the volatility of the fund. Please verify Moerus Worldwide's Mean Deviation of 0.6567, risk adjusted performance of 0.1539, and Downside Deviation of 0.8308 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 0.0388, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Moerus Worldwide's returns are expected to increase less than the market. However, during the bear market, the loss of holding Moerus Worldwide is expected to be smaller as well.
Auto-correlation | -0.49 |
Modest reverse predictability
Moerus Worldwide Value has modest reverse predictability. Overlapping area represents the amount of predictability between Moerus Worldwide time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd of May 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 Moerus Worldwide Value price movement. The serial correlation of -0.49 indicates that about 49.0% of current Moerus Worldwide price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
Moerus Worldwide Value lagged returns against current returns
Autocorrelation, which is Moerus Worldwide 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 Moerus Worldwide's mutual fund expected returns. We can calculate the autocorrelation of Moerus Worldwide returns to help us make a trade decision. For example, suppose you find that Moerus Worldwide 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 |
Moerus Worldwide 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 Moerus Worldwide mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Moerus Worldwide mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Moerus Worldwide mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Moerus Worldwide Lagged Returns
When evaluating Moerus Worldwide's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Moerus Worldwide mutual fund have on its future price. Moerus Worldwide 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, Moerus Worldwide autocorrelation shows the relationship between Moerus Worldwide mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Moerus Worldwide Value.
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 Moerus Worldwide 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, Moerus Worldwide's short interest history, or implied volatility extrapolated from Moerus Worldwide options trading.
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Moerus Worldwide 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.