Allspring Emerging Growth Fund Market Value
| WEGRX Fund | USD 12.60 0.24 1.94% |
| Symbol | Allspring |
Allspring Emerging '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 Allspring Emerging'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 Allspring Emerging.
| 07/09/2024 |
| 01/05/2025 |
If you would invest 0.00 in Allspring Emerging on July 9, 2024 and sell it all today you would earn a total of 0.00 from holding Allspring Emerging Growth or generate 0.0% return on investment in Allspring Emerging over 180 days. Allspring Emerging is related to or competes with The Hartford, Small Pany, Rational Defensive, Pace Large, Transamerica Capital, and Champlain Mid. The fund invests at least 80 percent of its total assets in equity securities of small-capitalization companies, and up ... More
Allspring Emerging 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 Allspring Emerging'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 Allspring Emerging Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (2.12) | |||
| Potential Upside | 1.9 |
Allspring Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Allspring Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Allspring Emerging's standard deviation. In reality, there are many statistical measures that can use Allspring Emerging historical prices to predict the future Allspring Emerging's volatility.| Risk Adjusted Performance | 0.0024 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | (0.01) |
Allspring Emerging Growth Backtested Returns
Allspring Emerging Growth secures Sharpe Ratio (or Efficiency) of -0.0024, which signifies that the fund had a -0.0024% return per unit of risk over the last 3 months. Allspring Emerging Growth exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Allspring Emerging's Standard Deviation of 1.44, mean deviation of 1.05, and Risk Adjusted Performance of 0.0024 to double-check the risk estimate we provide. The fund shows a Beta (market volatility) of 1.24, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Allspring Emerging will likely underperform.
Auto-correlation | -0.22 |
Weak reverse predictability
Allspring Emerging Growth has weak reverse predictability. Overlapping area represents the amount of predictability between Allspring Emerging time series from 9th of July 2024 to 7th of October 2024 and 7th of October 2024 to 5th 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 Allspring Emerging Growth price movement. The serial correlation of -0.22 indicates that over 22.0% of current Allspring Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.39 |
Allspring Emerging Growth lagged returns against current returns
Autocorrelation, which is Allspring Emerging 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 Allspring Emerging's mutual fund expected returns. We can calculate the autocorrelation of Allspring Emerging returns to help us make a trade decision. For example, suppose you find that Allspring Emerging 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 |
Allspring Emerging 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 Allspring Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Allspring Emerging mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Allspring Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Allspring Emerging Lagged Returns
When evaluating Allspring Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Allspring Emerging mutual fund have on its future price. Allspring Emerging 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, Allspring Emerging autocorrelation shows the relationship between Allspring Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Allspring Emerging Growth.
Regressed Prices |
| Timeline |
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Other Information on Investing in Allspring Mutual Fund
Allspring Emerging financial ratios help investors to determine whether Allspring 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 Allspring with respect to the benefits of owning Allspring Emerging security.
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