Wealthbuilder Equity Fund Market Value
| WEACX Fund | USD 20.07 0.25 1.26% |
| Symbol | Wealthbuilder |
Wealthbuilder Equity '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 Wealthbuilder Equity'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 Wealthbuilder Equity.
| 05/01/2023 |
| 04/25/2024 |
If you would invest 0.00 in Wealthbuilder Equity on May 1, 2023 and sell it all today you would earn a total of 0.00 from holding Wealthbuilder Equity or generate 0.0% return on investment in Wealthbuilder Equity over 360 days. Wealthbuilder Equity is related to or competes with Fidelity Asset, Fidelity Advisor, Morningstar Unconstrained, High Yield, Thrivent High, Via Renewables, and Bondbloxx ETF. The fund is a fund-of-funds that invests in various affiliated and unaffiliated mutual funds and exchange-traded funds t... More
Wealthbuilder Equity 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 Wealthbuilder Equity'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 Wealthbuilder Equity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7461 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 3.23 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.15 |
Wealthbuilder Equity Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wealthbuilder Equity's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wealthbuilder Equity's standard deviation. In reality, there are many statistical measures that can use Wealthbuilder Equity historical prices to predict the future Wealthbuilder Equity's volatility.| Risk Adjusted Performance | 0.0696 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0659 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wealthbuilder Equity'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.
Wealthbuilder Equity Backtested Returns
We consider Wealthbuilder Equity very steady. Wealthbuilder Equity shows Sharpe Ratio of 0.0882, which attests that the fund had a 0.0882% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wealthbuilder Equity, which you can use to evaluate the volatility of the fund. Please check out Wealthbuilder Equity's Downside Deviation of 0.7461, market risk adjusted performance of 0.0759, and Mean Deviation of 0.5588 to validate if the risk estimate we provide is consistent with the expected return of 0.064%. The entity maintains a market beta of 1.03, which attests to a somewhat significant risk relative to the market. Wealthbuilder Equity returns are very sensitive to returns on the market. As the market goes up or down, Wealthbuilder Equity is expected to follow.
Auto-correlation | 0.32 |
Below average predictability
Wealthbuilder Equity has below average predictability. Overlapping area represents the amount of predictability between Wealthbuilder Equity time series from 1st of May 2023 to 28th of October 2023 and 28th of October 2023 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 Wealthbuilder Equity price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Wealthbuilder Equity price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | 0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 0.99 |
Wealthbuilder Equity lagged returns against current returns
Autocorrelation, which is Wealthbuilder Equity 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 Wealthbuilder Equity's mutual fund expected returns. We can calculate the autocorrelation of Wealthbuilder Equity returns to help us make a trade decision. For example, suppose you find that Wealthbuilder Equity 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 |
Wealthbuilder Equity 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 Wealthbuilder Equity mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wealthbuilder Equity mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wealthbuilder Equity mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wealthbuilder Equity Lagged Returns
When evaluating Wealthbuilder Equity's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wealthbuilder Equity mutual fund have on its future price. Wealthbuilder Equity 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, Wealthbuilder Equity autocorrelation shows the relationship between Wealthbuilder Equity mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wealthbuilder Equity.
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 Wealthbuilder Equity 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, Wealthbuilder Equity's short interest history, or implied volatility extrapolated from Wealthbuilder Equity 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 Wealthbuilder Equity Correlation, Wealthbuilder Equity Volatility and Wealthbuilder Equity Alpha and Beta module to complement your research on Wealthbuilder Equity. Note that the Wealthbuilder Equity information on this page should be used as a complementary analysis to other Wealthbuilder Equity's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Wealthbuilder Equity 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.