Allspring Fundamental Small Fund Market Value
| EGWRX Fund | USD 18.52 0.21 1.12% |
| Symbol | Allspring |
Allspring Fundamental '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 Allspring Fundamental'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 Allspring Fundamental.
| 11/19/2024 |
| 12/19/2024 |
If you would invest 0.00 in Allspring Fundamental on November 19, 2024 and sell it all today you would earn a total of 0.00 from holding Allspring Fundamental Small or generate 0.0% return on investment in Allspring Fundamental over 30 days. Allspring Fundamental is related to or competes with Wells Fargo, Wells Fargo, Wells Fargo, and Davis Opportunity. Under normal circumstances, the fund invests at least 80 percent of the funds net assets in equity securities of small-c... More
Allspring Fundamental 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 Allspring Fundamental'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 Allspring Fundamental Small upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.0891 | |||
| Maximum Drawdown | 6.9 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 1.94 |
Allspring Fundamental Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allspring Fundamental's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allspring Fundamental's standard deviation. In reality, there are many statistical measures that can use Allspring Fundamental historical prices to predict the future Allspring Fundamental's volatility.| Risk Adjusted Performance | 0.0932 | |||
| Jensen Alpha | 0.123 | |||
| Total Risk Alpha | 0.0986 | |||
| Sortino Ratio | 0.0999 | |||
| Treynor Ratio | 0.4884 |
Allspring Fundamental Backtested Returns
At this stage we consider Allspring Mutual Fund to be very steady. Allspring Fundamental secures Sharpe Ratio (or Efficiency) of 0.0824, which signifies that the fund had a 0.0824% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Allspring Fundamental Small, which you can use to evaluate the volatility of the entity. Please confirm Allspring Fundamental's Risk Adjusted Performance of 0.0932, downside deviation of 1.09, and Mean Deviation of 0.932 to double-check if the risk estimate we provide is consistent with the expected return of 0.0988%. The fund shows a Beta (market volatility) of 0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Allspring Fundamental's returns are expected to increase less than the market. However, during the bear market, the loss of holding Allspring Fundamental is expected to be smaller as well.
Auto-correlation | -0.83 |
Excellent reverse predictability
Allspring Fundamental Small has excellent reverse predictability. Overlapping area represents the amount of predictability between Allspring Fundamental time series from 19th of November 2024 to 4th of December 2024 and 4th of December 2024 to 19th 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 Allspring Fundamental price movement. The serial correlation of -0.83 indicates that around 83.0% of current Allspring Fundamental price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.83 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.08 |
Allspring Fundamental lagged returns against current returns
Autocorrelation, which is Allspring Fundamental 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 Allspring Fundamental's mutual fund expected returns. We can calculate the autocorrelation of Allspring Fundamental returns to help us make a trade decision. For example, suppose you find that Allspring Fundamental 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 |
Allspring Fundamental 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 Allspring Fundamental mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allspring Fundamental mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allspring Fundamental mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allspring Fundamental Lagged Returns
When evaluating Allspring Fundamental's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allspring Fundamental mutual fund have on its future price. Allspring Fundamental 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, Allspring Fundamental autocorrelation shows the relationship between Allspring Fundamental mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allspring Fundamental Small.
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 Allspring Mutual Fund
Allspring Fundamental financial ratios help investors to determine whether Allspring 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 Allspring with respect to the benefits of owning Allspring Fundamental security.
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