1ws Credit Income Fund Market Value
| OWSCX Fund | USD 19.41 0.02 0.10% |
| Symbol | 1ws |
Please note, there is a significant difference between 1ws Credit's value and its price as these two are different measures arrived at by different means. Investors typically determine if 1ws Credit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, 1ws Credit'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.
1ws Credit '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 1ws Credit'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 1ws Credit.
| 12/20/2024 |
| 01/19/2025 |
If you would invest 0.00 in 1ws Credit on December 20, 2024 and sell it all today you would earn a total of 0.00 from holding 1ws Credit Income or generate 0.0% return on investment in 1ws Credit over 30 days. 1ws Credit is related to or competes with Metropolitan West, Morningstar Defensive, Ambrus Core, Doubleline Total, Ab Global, Rbc Ultra-short, and Barings Us. 1ws Credit is entity of United States. It is traded as Fund on NMFQS exchange. More
1ws Credit 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 1ws Credit'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 1ws Credit Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0205 | |||
| Maximum Drawdown | 4.01 | |||
| Value At Risk | (0.05) | |||
| Potential Upside | 0.1049 |
1ws Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 1ws Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 1ws Credit's standard deviation. In reality, there are many statistical measures that can use 1ws Credit historical prices to predict the future 1ws Credit's volatility.| Risk Adjusted Performance | 0.0737 | |||
| Jensen Alpha | 0.0268 | |||
| Total Risk Alpha | 0.0186 | |||
| Treynor Ratio | 3.1 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of 1ws Credit'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.
1ws Credit Income Backtested Returns
At this stage we consider 1ws Mutual Fund to be very steady. 1ws Credit Income secures Sharpe Ratio (or Efficiency) of 0.0985, which signifies that the fund had a 0.0985% return per unit of standard deviation over the last 3 months. We have found twenty-two technical indicators for 1ws Credit Income, which you can use to evaluate the volatility of the entity. Please confirm 1ws Credit's mean deviation of 0.0935, and Risk Adjusted Performance of 0.0737 to double-check if the risk estimate we provide is consistent with the expected return of 0.0359%. The fund shows a Beta (market volatility) of 0.0087, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 1ws Credit's returns are expected to increase less than the market. However, during the bear market, the loss of holding 1ws Credit is expected to be smaller as well.
Auto-correlation | 0.10 |
Insignificant predictability
1ws Credit Income has insignificant predictability. Overlapping area represents the amount of predictability between 1ws Credit time series from 20th of December 2024 to 4th of January 2025 and 4th of January 2025 to 19th of January 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 1ws Credit Income price movement. The serial correlation of 0.1 indicates that less than 10.0% of current 1ws Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
1ws Credit Income lagged returns against current returns
Autocorrelation, which is 1ws Credit 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 1ws Credit's mutual fund expected returns. We can calculate the autocorrelation of 1ws Credit returns to help us make a trade decision. For example, suppose you find that 1ws Credit 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 |
1ws Credit 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 1ws Credit mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 1ws Credit mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 1ws Credit mutual fund over time.
Current vs Lagged Prices |
| Timeline |
1ws Credit Lagged Returns
When evaluating 1ws Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 1ws Credit mutual fund have on its future price. 1ws Credit 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, 1ws Credit autocorrelation shows the relationship between 1ws Credit mutual fund current value and its past values and can show if there is a momentum factor associated with investing in 1ws Credit Income.
Regressed Prices |
| Timeline |
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Other Information on Investing in 1ws Mutual Fund
1ws Credit financial ratios help investors to determine whether 1ws 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 1ws with respect to the benefits of owning 1ws Credit security.
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