Waycross Focused Core Fund Market Value

WAYFX Fund  USD 17.05  0.20  1.19%   
Waycross Focused's market value is the price at which a share of Waycross Focused trades on a public exchange. It measures the collective expectations of Waycross Focused Core investors about its performance. Waycross Focused is trading at 17.05 as of the 22nd of December 2024; that is 1.19 percent increase since the beginning of the trading day. The fund's open price was 16.85.
With this module, you can estimate the performance of a buy and hold strategy of Waycross Focused Core and determine expected loss or profit from investing in Waycross Focused over a given investment horizon. Check out Waycross Focused Correlation, Waycross Focused Volatility and Waycross Focused Alpha and Beta module to complement your research on Waycross Focused.
Symbol

Please note, there is a significant difference between Waycross Focused's value and its price as these two are different measures arrived at by different means. Investors typically determine if Waycross Focused is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waycross Focused's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
11/22/2024
No Change 0.00  0.0 
In 31 days
12/22/2024
0.00
If you would invest  0.00  in Waycross Focused on November 22, 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 30 days. Waycross Focused is related to or competes with Multisector Bond, Franklin High, Bbh Intermediate, Ab Global, Blrc Sgy, and T Rowe. 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.

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.
Hype
Prediction
LowEstimatedHigh
16.2317.0517.87
Details
Intrinsic
Valuation
LowRealHigh
16.7717.5918.41
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Waycross Focused. Your research has to be compared to or analyzed against Waycross Focused's peers to derive any actionable benefits. When done correctly, Waycross Focused's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Waycross Focused Core.

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 Market Risk Adjusted Performance of 0.1008, downside deviation of 0.9085, and Mean Deviation of 0.5794 to validate if the risk estimate we provide is consistent with the expected return of 0.0953%. 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

    
  -0.87  

Excellent reverse predictability

Waycross Focused Core has excellent reverse predictability. Overlapping area represents the amount of predictability between Waycross Focused time series from 22nd of November 2024 to 7th of December 2024 and 7th of December 2024 to 22nd 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 -0.87 indicates that approximately 87.0% of current Waycross Focused price fluctuation can be explain by its past prices.
Correlation Coefficient-0.87
Spearman Rank Test-0.75
Residual Average0.0
Price Variance0.07

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  

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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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