Mobile Telecommunications Ultrasector Fund Market Value
| WCPSX Fund | USD 36.36 0.98 2.77% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Mobile Telecommunicatio on December 17, 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 90 days. Mobile Telecommunicatio is related to or competes with Us Government, Us Government, Short Term, Wesmark Government, Nationwide Government, Franklin Adjustable, and Virtus Seix. 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.
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 6.71 | |||
| Value At Risk | (3.12) | |||
| Potential Upside | 2.31 |
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 | (0.06) | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | 0.0799 | |||
| Treynor Ratio | (0.11) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Mobile Telecommunicatio's 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.
Mobile Telecommunicatio Backtested Returns
Mobile Telecommunicatio has Sharpe Ratio of -0.0715, which conveys that the entity had a -0.0715 % return per unit of risk over the last 3 months. Mobile Telecommunicatio exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mobile Telecommunicatio's Mean Deviation of 1.28, risk adjusted performance of (0.06), and Standard Deviation of 1.58 to check out the risk estimate we provide. The fund secures a Beta (Market Risk) of 1.07, which conveys a somewhat significant risk relative to the market. Mobile Telecommunicatio returns are very sensitive to returns on the market. As the market goes up or down, Mobile Telecommunicatio is expected to follow.
Auto-correlation | -0.67 |
Very good reverse predictability
Mobile Telecommunications Ultrasector has very good reverse predictability. Overlapping area represents the amount of predictability between Mobile Telecommunicatio time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 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 Mobile Telecommunicatio price movement. The serial correlation of -0.67 indicates that around 67.0% of current Mobile Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 2.68 |
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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