Navian Waycross Longshort Fund Market Value
| WAYEX Fund | USD 17.79 0.08 0.45% |
| Symbol | Navian |
Navian Waycross '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 Navian Waycross' 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 Navian Waycross.
| 01/03/2023 |
| 12/23/2024 |
If you would invest 0.00 in Navian Waycross on January 3, 2023 and sell it all today you would earn a total of 0.00 from holding Navian Waycross Longshort or generate 0.0% return on investment in Navian Waycross over 720 days. The fund will invest at least 80 percent of its net assets in equity securities traded in the United States More
Navian Waycross 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 Navian Waycross' 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 Navian Waycross Longshort upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5323 | |||
| Information Ratio | 0.0315 | |||
| Maximum Drawdown | 2.99 | |||
| Value At Risk | (0.66) | |||
| Potential Upside | 0.6659 |
Navian Waycross Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Navian Waycross' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Navian Waycross' standard deviation. In reality, there are many statistical measures that can use Navian Waycross historical prices to predict the future Navian Waycross' volatility.| Risk Adjusted Performance | 0.0725 | |||
| Jensen Alpha | 0.0274 | |||
| Total Risk Alpha | 0.0238 | |||
| Sortino Ratio | 0.0277 | |||
| Treynor Ratio | 0.0858 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Navian Waycross' 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.
Navian Waycross Longshort Backtested Returns
At this stage we consider Navian Mutual Fund to be very steady. Navian Waycross Longshort has Sharpe Ratio of 0.11, which conveys that the entity had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Navian Waycross, which you can use to evaluate the volatility of the fund. Please verify Navian Waycross' Mean Deviation of 0.3535, downside deviation of 0.5323, and Risk Adjusted Performance of 0.0725 to check out if the risk estimate we provide is consistent with the expected return of 0.0502%. The fund secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Navian Waycross' returns are expected to increase less than the market. However, during the bear market, the loss of holding Navian Waycross is expected to be smaller as well.
Auto-correlation | 0.82 |
Very good predictability
Navian Waycross Longshort has very good predictability. Overlapping area represents the amount of predictability between Navian Waycross time series from 3rd of January 2023 to 29th of December 2023 and 29th of December 2023 to 23rd 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 Navian Waycross Longshort price movement. The serial correlation of 0.82 indicates that around 82.0% of current Navian Waycross price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Navian Waycross Longshort lagged returns against current returns
Autocorrelation, which is Navian Waycross 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 Navian Waycross' mutual fund expected returns. We can calculate the autocorrelation of Navian Waycross returns to help us make a trade decision. For example, suppose you find that Navian Waycross 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 |
Navian Waycross 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 Navian Waycross mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Navian Waycross mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Navian Waycross mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Navian Waycross Lagged Returns
When evaluating Navian Waycross' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Navian Waycross mutual fund have on its future price. Navian Waycross 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, Navian Waycross autocorrelation shows the relationship between Navian Waycross mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Navian Waycross Longshort.
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 Navian Mutual Fund
Navian Waycross financial ratios help investors to determine whether Navian 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 Navian with respect to the benefits of owning Navian Waycross security.
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