Waycross Focused Core Fund Market Value
| WAYFX Fund | USD 17.05 0.20 1.19% |
| Symbol | Waycross |
Waycross Focused '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 Waycross Focused'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 Waycross Focused.
| 04/27/2024 |
| 12/23/2024 |
If you would invest 0.00 in Waycross Focused on April 27, 2024 and sell it all today you would earn a total of 0.00 from holding Waycross Focused Core or generate 0.0% return on investment in Waycross Focused over 240 days. Waycross Focused is related to or competes with Navian Waycross, Harbor Mid, Rbc Ultra, Virtus Select, Upright Assets, and Franklin Vertible. The fund is a non-diversified portfolio and pursues its investment objective by investing, under normal circumstances, 8... More
Waycross Focused 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 Waycross Focused'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 Waycross Focused Core upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9085 | |||
| Information Ratio | 0.0667 | |||
| Maximum Drawdown | 5.67 | |||
| Value At Risk | (0.99) | |||
| Potential Upside | 1.19 |
Waycross Focused Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Waycross Focused's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Waycross Focused's standard deviation. In reality, there are many statistical measures that can use Waycross Focused historical prices to predict the future Waycross Focused's volatility.| Risk Adjusted Performance | 0.0845 | |||
| Jensen Alpha | 0.0577 | |||
| Total Risk Alpha | 0.0536 | |||
| Sortino Ratio | 0.0597 | |||
| Treynor Ratio | 0.0908 |
Waycross Focused Core Backtested Returns
At this stage we consider Waycross Mutual Fund to be very steady. Waycross Focused Core shows Sharpe Ratio of 0.12, which attests that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Waycross Focused Core, which you can use to evaluate the volatility of the fund. Please check out Waycross Focused's Mean Deviation of 0.5794, market risk adjusted performance of 0.1008, and Downside Deviation of 0.9085 to validate if the risk estimate we provide is consistent with the expected return of 0.0968%. The entity maintains a market beta of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Waycross Focused's returns are expected to increase less than the market. However, during the bear market, the loss of holding Waycross Focused is expected to be smaller as well.
Auto-correlation | 0.47 |
Average predictability
Waycross Focused Core has average predictability. Overlapping area represents the amount of predictability between Waycross Focused time series from 27th of April 2024 to 25th of August 2024 and 25th of August 2024 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 Waycross Focused Core price movement. The serial correlation of 0.47 indicates that about 47.0% of current Waycross Focused price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.36 |
Waycross Focused Core lagged returns against current returns
Autocorrelation, which is Waycross Focused 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 Waycross Focused's mutual fund expected returns. We can calculate the autocorrelation of Waycross Focused returns to help us make a trade decision. For example, suppose you find that Waycross Focused 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 |
Waycross Focused 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 Waycross Focused mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Waycross Focused mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Waycross Focused mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Waycross Focused Lagged Returns
When evaluating Waycross Focused's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Waycross Focused mutual fund have on its future price. Waycross Focused 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, Waycross Focused autocorrelation shows the relationship between Waycross Focused mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Waycross Focused Core.
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 Waycross Mutual Fund
Waycross Focused financial ratios help investors to determine whether Waycross 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 Waycross with respect to the benefits of owning Waycross Focused security.
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