Navian Waycross Longshort Fund Market Value
| WAYEX Fund | USD 16.81 0.04 0.24% |
| 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.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Navian Waycross on December 11, 2024 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 30 days. Navian Waycross is related to or competes with Tiaa-cref High-yield, Neuberger Berman, Gmo High, Simt High, Buffalo High, and Siit High. The advisor pursues the investment objective by investing in long and short equity positions 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.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | (0.86) | |||
| Potential Upside | 0.719 |
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 | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.10) | |||
| Treynor Ratio | (0.15) |
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
Navian Waycross Longshort has Sharpe Ratio of -0.073, which conveys that the entity had a -0.073% return per unit of risk over the last 3 months. Navian Waycross exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Navian Waycross' Risk Adjusted Performance of (0.06), standard deviation of 0.9657, and Mean Deviation of 0.5016 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 0.54, 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 | 0.44 |
Average predictability
Navian Waycross Longshort has average predictability. Overlapping area represents the amount of predictability between Navian Waycross time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th 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 Navian Waycross Longshort price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Navian Waycross price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
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.| BTC | Bitcoin | |
| TRX | TRON | |
| BNB | Binance Coin |
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.
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Financial Widgets Easily integrated Macroaxis content with over 30 different plug-and-play financial widgets |