World Energy Fund Market Value

APWEX Fund  USD 13.68  0.38  2.70%   
World Energy's market value is the price at which a share of World Energy trades on a public exchange. It measures the collective expectations of World Energy Fund investors about its performance. World Energy is trading at 13.68 as of the 16th of March 2025; that is 2.7% down since the beginning of the trading day. The fund's open price was 14.06.
With this module, you can estimate the performance of a buy and hold strategy of World Energy Fund and determine expected loss or profit from investing in World Energy over a given investment horizon. Check out World Energy Correlation, World Energy Volatility and World Energy Alpha and Beta module to complement your research on World Energy.
Symbol

Please note, there is a significant difference between World Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if World Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, World Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

World Energy '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 World Energy'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 World Energy.
0.00
12/16/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/16/2025
0.00
If you would invest  0.00  in World Energy on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding World Energy Fund or generate 0.0% return on investment in World Energy over 90 days. World Energy is related to or competes with Invesco Gold, Sprott Gold, Deutsche Gold, First Eagle, International Investors, Gabelli Gold, and Vy Goldman. The fund invests at least 80 percent of its net assets in a wide range of energy-related financial instruments issued in... More

World Energy 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 World Energy'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 World Energy Fund upside and downside potential and time the market with a certain degree of confidence.

World Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for World Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Energy's standard deviation. In reality, there are many statistical measures that can use World Energy historical prices to predict the future World Energy's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of World Energy'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.
Hype
Prediction
LowEstimatedHigh
12.0013.7015.40
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Intrinsic
Valuation
LowRealHigh
12.2613.9615.66
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World Energy Backtested Returns

World Energy shows Sharpe Ratio of -0.0594, which attests that the fund had a -0.0594 % return per unit of risk over the last 3 months. World Energy exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out World Energy's Standard Deviation of 1.61, mean deviation of 1.18, and Market Risk Adjusted Performance of 5.33 to validate the risk estimate we provide. The entity maintains a market beta of -0.0307, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning World Energy are expected to decrease at a much lower rate. During the bear market, World Energy is likely to outperform the market.

Auto-correlation

    
  -0.74  

Almost perfect reverse predictability

World Energy Fund has almost perfect reverse predictability. Overlapping area represents the amount of predictability between World Energy time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of World Energy price movement. The serial correlation of -0.74 indicates that around 74.0% of current World Energy price fluctuation can be explain by its past prices.
Correlation Coefficient-0.74
Spearman Rank Test-0.68
Residual Average0.0
Price Variance0.44

World Energy lagged returns against current returns

Autocorrelation, which is World Energy 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 World Energy's mutual fund expected returns. We can calculate the autocorrelation of World Energy returns to help us make a trade decision. For example, suppose you find that World Energy 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  

World Energy 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 World Energy mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Energy mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in World Energy mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

World Energy Lagged Returns

When evaluating World Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Energy mutual fund have on its future price. World Energy 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, World Energy autocorrelation shows the relationship between World Energy mutual fund current value and its past values and can show if there is a momentum factor associated with investing in World Energy Fund.
   Regressed Prices   
       Timeline  

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Other Information on Investing in WORLD Mutual Fund

World Energy financial ratios help investors to determine whether WORLD Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in WORLD with respect to the benefits of owning World Energy security.
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