Tekla World Healthcare Fund Market Value
| THW Fund | USD 11.70 0.09 0.78% |
| Symbol | Tekla |
Tekla 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 Tekla World's 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 Tekla World.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Tekla World on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Tekla World Healthcare or generate 0.0% return on investment in Tekla World over 90 days. Tekla World is related to or competes with Tekla Healthcare, Tekla Life, Flaherty, Cohen, Tekla Healthcare, Royce Value, and John Hancock. Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC More
Tekla 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 Tekla World's 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 Tekla World Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8804 | |||
| Information Ratio | 0.1299 | |||
| Maximum Drawdown | 3.96 | |||
| Value At Risk | (1.76) | |||
| Potential Upside | 1.4 |
Tekla World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tekla World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tekla World's standard deviation. In reality, there are many statistical measures that can use Tekla World historical prices to predict the future Tekla World's volatility.| Risk Adjusted Performance | 0.0128 | |||
| Jensen Alpha | 0.054 | |||
| Total Risk Alpha | 0.1105 | |||
| Sortino Ratio | 0.127 | |||
| Treynor Ratio | 0.0058 |
Tekla World Healthcare Backtested Returns
At this stage we consider Tekla Fund to be very steady. Tekla World Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.13, which indicates the fund had a 0.13 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Tekla World Healthcare, which you can use to evaluate the volatility of the fund. Please validate Tekla World's Semi Deviation of 0.8456, risk adjusted performance of 0.0128, and Coefficient Of Variation of 6754.42 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The entity has a beta of 0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Tekla World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tekla World is expected to be smaller as well.
Auto-correlation | 0.05 |
Virtually no predictability
Tekla World Healthcare has virtually no predictability. Overlapping area represents the amount of predictability between Tekla World 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 Tekla World Healthcare price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Tekla World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Tekla World Healthcare lagged returns against current returns
Autocorrelation, which is Tekla World 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 Tekla World's fund expected returns. We can calculate the autocorrelation of Tekla World returns to help us make a trade decision. For example, suppose you find that Tekla World has exhibited high autocorrelation historically, and you observe that the 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 |
Tekla 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 Tekla World fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tekla World fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tekla World fund over time.
Current vs Lagged Prices |
| Timeline |
Tekla World Lagged Returns
When evaluating Tekla World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tekla World fund have on its future price. Tekla 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, Tekla World autocorrelation shows the relationship between Tekla World fund current value and its past values and can show if there is a momentum factor associated with investing in Tekla World Healthcare.
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 Tekla Fund
Tekla World financial ratios help investors to determine whether Tekla 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 Tekla with respect to the benefits of owning Tekla World security.
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