Capital World Growth Fund Market Value
| CWGCX Fund | USD 68.31 0.47 0.68% |
| Symbol | Capital |
Capital World '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 Capital World'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 Capital World.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Capital World on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Capital World Growth or generate 0.0% return on investment in Capital World over 30 days. Capital World is related to or competes with Mirova Global, Ab Global, Alliancebernstein, Barings Global, Siit Global, and Commonwealth Global. The fund invests primarily in common stocks of well-established companies located around the world, many of which have t... More
Capital World 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 Capital World'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 Capital World Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5853 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 3.2 | |||
| Value At Risk | (1.04) | |||
| Potential Upside | 1.17 |
Capital World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital World's standard deviation. In reality, there are many statistical measures that can use Capital World historical prices to predict the future Capital World's volatility.| Risk Adjusted Performance | 0.1362 | |||
| Jensen Alpha | 0.0997 | |||
| Total Risk Alpha | 0.01 | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 1.64 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capital World'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.
Capital World Growth Backtested Returns
At this stage we consider Capital Mutual Fund to be very steady. Capital World Growth secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Capital World Growth, which you can use to evaluate the volatility of the entity. Please confirm Capital World's Risk Adjusted Performance of 0.1362, downside deviation of 0.5853, and Mean Deviation of 0.4725 to double-check if the risk estimate we provide is consistent with the expected return of 0.0622%. The fund shows a Beta (market volatility) of 0.0655, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Capital World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Capital World is expected to be smaller as well.
Auto-correlation | -0.81 |
Excellent reverse predictability
Capital World Growth has excellent reverse predictability. Overlapping area represents the amount of predictability between Capital World time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th of December 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 Capital World Growth price movement. The serial correlation of -0.81 indicates that around 81.0% of current Capital World price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
Capital World Growth lagged returns against current returns
Autocorrelation, which is Capital World 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 Capital World's mutual fund expected returns. We can calculate the autocorrelation of Capital World returns to help us make a trade decision. For example, suppose you find that Capital World 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 |
Capital World 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 Capital World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Capital World mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Capital World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Capital World Lagged Returns
When evaluating Capital World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Capital World mutual fund have on its future price. Capital World 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, Capital World autocorrelation shows the relationship between Capital World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Capital World Growth.
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.Other Information on Investing in Capital Mutual Fund
Capital World financial ratios help investors to determine whether Capital 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 Capital with respect to the benefits of owning Capital World security.
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