Specialized Technology Fund Market Value
| WFTDX Fund | USD 12.53 0.23 1.87% |
| Symbol | Specialized |
Specialized Technology '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 Specialized Technology'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 Specialized Technology.
| 11/05/2024 |
| 01/04/2025 |
If you would invest 0.00 in Specialized Technology on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Specialized Technology Fund or generate 0.0% return on investment in Specialized Technology over 60 days. Specialized Technology is related to or competes with Veea, VivoPower International, Exodus Movement,, Wells Fargo, Wells Fargo, Wells Fargo, and Wells Fargo. Under normal circumstances, the fund invests at least 80 percent of the funds net assets in equity securities up to 25 p... More
Specialized Technology 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 Specialized Technology'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 Specialized Technology Fund upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 9.72 | |||
| Value At Risk | (2.11) | |||
| Potential Upside | 1.53 |
Specialized Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Specialized Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Specialized Technology's standard deviation. In reality, there are many statistical measures that can use Specialized Technology historical prices to predict the future Specialized Technology's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | (0.20) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Specialized Technology'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.
Specialized Technology Backtested Returns
Specialized Technology owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0379, which indicates the fund had a -0.0379% return per unit of risk over the last 3 months. Specialized Technology Fund exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Specialized Technology's Risk Adjusted Performance of (0.02), coefficient of variation of (3,001), and Variance of 1.98 to confirm the risk estimate we provide. The entity has a beta of 0.28, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Specialized Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Specialized Technology is expected to be smaller as well.
Auto-correlation | -0.48 |
Modest reverse predictability
Specialized Technology Fund has modest reverse predictability. Overlapping area represents the amount of predictability between Specialized Technology time series from 5th of November 2024 to 5th of December 2024 and 5th of December 2024 to 4th 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 Specialized Technology price movement. The serial correlation of -0.48 indicates that about 48.0% of current Specialized Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 0.44 |
Specialized Technology lagged returns against current returns
Autocorrelation, which is Specialized Technology 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 Specialized Technology's mutual fund expected returns. We can calculate the autocorrelation of Specialized Technology returns to help us make a trade decision. For example, suppose you find that Specialized Technology 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 |
Specialized Technology 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 Specialized Technology mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Specialized Technology mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Specialized Technology mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Specialized Technology Lagged Returns
When evaluating Specialized Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Specialized Technology mutual fund have on its future price. Specialized Technology 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, Specialized Technology autocorrelation shows the relationship between Specialized Technology mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Specialized Technology Fund.
Regressed Prices |
| Timeline |
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Other Information on Investing in Specialized Mutual Fund
Specialized Technology financial ratios help investors to determine whether Specialized 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 Specialized with respect to the benefits of owning Specialized Technology security.
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