Mobile Telecommunications Ultrasector Fund Market Value
| WCPIX Fund | USD 50.06 0.91 1.79% |
| Symbol | Mobile |
Mobile Telecommunicatio '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 Mobile Telecommunicatio'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 Mobile Telecommunicatio.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Mobile Telecommunicatio on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Mobile Telecommunications Ultrasector or generate 0.0% return on investment in Mobile Telecommunicatio over 30 days. Mobile Telecommunicatio is related to or competes with Short Real, Short Real, Ultrashort Mid, Ultrashort Mid, Technology Ultrasector, Technology Ultrasector, and Large Cap. The fund invests in financial instruments that the fund advisors believes, in combination, should produce daily returns ... More
Mobile Telecommunicatio 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 Mobile Telecommunicatio'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 Mobile Telecommunications Ultrasector upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.2146 | |||
| Maximum Drawdown | 7.03 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 2.01 |
Mobile Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mobile Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mobile Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Mobile Telecommunicatio historical prices to predict the future Mobile Telecommunicatio's volatility.| Risk Adjusted Performance | 0.2199 | |||
| Jensen Alpha | 0.2746 | |||
| Total Risk Alpha | 0.1988 | |||
| Sortino Ratio | 0.1975 | |||
| Treynor Ratio | 0.4256 |
Mobile Telecommunicatio Backtested Returns
Mobile Telecommunicatio appears to be very steady, given 3 months investment horizon. Mobile Telecommunicatio has Sharpe Ratio of 0.27, which conveys that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Mobile Telecommunicatio, which you can use to evaluate the volatility of the fund. Please exercise Mobile Telecommunicatio's Mean Deviation of 0.8972, risk adjusted performance of 0.2199, and Downside Deviation of 1.31 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.82, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mobile Telecommunicatio's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mobile Telecommunicatio is expected to be smaller as well.
Auto-correlation | 0.51 |
Modest predictability
Mobile Telecommunications Ultrasector has modest predictability. Overlapping area represents the amount of predictability between Mobile Telecommunicatio time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Mobile Telecommunicatio price movement. The serial correlation of 0.51 indicates that about 51.0% of current Mobile Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.59 | |
| Residual Average | 0.0 | |
| Price Variance | 0.79 |
Mobile Telecommunicatio lagged returns against current returns
Autocorrelation, which is Mobile Telecommunicatio 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 Mobile Telecommunicatio's mutual fund expected returns. We can calculate the autocorrelation of Mobile Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Mobile Telecommunicatio 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 |
Mobile Telecommunicatio 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 Mobile Telecommunicatio mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mobile Telecommunicatio mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mobile Telecommunicatio mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Mobile Telecommunicatio Lagged Returns
When evaluating Mobile Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mobile Telecommunicatio mutual fund have on its future price. Mobile Telecommunicatio 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, Mobile Telecommunicatio autocorrelation shows the relationship between Mobile Telecommunicatio mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Mobile Telecommunications Ultrasector.
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 Mobile Mutual Fund
Mobile Telecommunicatio financial ratios help investors to determine whether Mobile 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 Mobile with respect to the benefits of owning Mobile Telecommunicatio security.
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