World Precious Minerals Fund Market Value
| UNWPX Fund | USD 1.52 0.01 0.66% |
| Symbol | World |
World Precious '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 Precious' 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 Precious.
| 12/12/2022 |
| 12/01/2024 |
If you would invest 0.00 in World Precious on December 12, 2022 and sell it all today you would earn a total of 0.00 from holding World Precious Minerals or generate 0.0% return on investment in World Precious over 720 days. World Precious is related to or competes with Near-term Tax, Gold, Us Global, and Global Resources. Under normal market conditions, the fund will invest at least 80 percent of its net assets in equity and equity-related ... More
World Precious 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 Precious' 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 Precious Minerals upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.71 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (2.63) | |||
| Potential Upside | 2.55 |
World Precious Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for World Precious' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as World Precious' standard deviation. In reality, there are many statistical measures that can use World Precious historical prices to predict the future World Precious' volatility.| Risk Adjusted Performance | 0.0074 | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.29) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | (0.02) |
World Precious Minerals Backtested Returns
At this stage we consider World Mutual Fund to be unstable. World Precious Minerals shows Sharpe Ratio of 0.027, which attests that the fund had a 0.027% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for World Precious Minerals, which you can use to evaluate the volatility of the fund. Please check out World Precious' Downside Deviation of 1.71, mean deviation of 1.32, and Market Risk Adjusted Performance of (0.01) to validate if the risk estimate we provide is consistent with the expected return of 0.0445%. The entity maintains a market beta of 0.3, which attests to not very significant fluctuations relative to the market. As returns on the market increase, World Precious' returns are expected to increase less than the market. However, during the bear market, the loss of holding World Precious is expected to be smaller as well.
Auto-correlation | -0.67 |
Very good reverse predictability
World Precious Minerals has very good reverse predictability. Overlapping area represents the amount of predictability between World Precious time series from 12th of December 2022 to 7th of December 2023 and 7th of December 2023 to 1st 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 World Precious Minerals price movement. The serial correlation of -0.67 indicates that around 67.0% of current World Precious price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
World Precious Minerals lagged returns against current returns
Autocorrelation, which is World Precious 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 Precious' mutual fund expected returns. We can calculate the autocorrelation of World Precious returns to help us make a trade decision. For example, suppose you find that World Precious 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 Precious 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 Precious mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if World Precious 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 Precious mutual fund over time.
Current vs Lagged Prices |
| Timeline |
World Precious Lagged Returns
When evaluating World Precious' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of World Precious mutual fund have on its future price. World Precious 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 Precious autocorrelation shows the relationship between World Precious mutual fund current value and its past values and can show if there is a momentum factor associated with investing in World Precious Minerals.
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 World Mutual Fund
World Precious 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 Precious security.
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