Large Pany Growth Fund Market Value
| WLCGX Fund | USD 59.56 0.69 1.15% |
| Symbol | Large |
Large Pany '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 Large Pany'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 Large Pany.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Large Pany on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Large Pany Growth or generate 0.0% return on investment in Large Pany over 90 days. Large Pany is related to or competes with American Funds, American Funds, Growth Fund, Growth Fund, Growth Fund, Growth Fund, and Growth Fund. The fund invests, under normal circumstances, at least 80 percent of its net assets in common stock of companies with la... More
Large Pany 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 Large Pany'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 Large Pany Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.12 | |||
| Information Ratio | 0.164 | |||
| Maximum Drawdown | 5.09 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.96 |
Large Pany Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Large Pany's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Large Pany's standard deviation. In reality, there are many statistical measures that can use Large Pany historical prices to predict the future Large Pany's volatility.| Risk Adjusted Performance | 0.2136 | |||
| Jensen Alpha | 0.2634 | |||
| Total Risk Alpha | 0.1199 | |||
| Sortino Ratio | 0.1428 | |||
| Treynor Ratio | 3.02 |
Large Pany Growth Backtested Returns
Large Pany appears to be very steady, given 3 months investment horizon. Large Pany Growth has Sharpe Ratio of 0.22, which conveys that the entity had a 0.22% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Large Pany, which you can use to evaluate the volatility of the fund. Please exercise Large Pany's Risk Adjusted Performance of 0.2136, downside deviation of 1.12, and Mean Deviation of 0.697 to check out if our risk estimates are consistent with your expectations. The fund secures a Beta (Market Risk) of 0.0907, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Large Pany's returns are expected to increase less than the market. However, during the bear market, the loss of holding Large Pany is expected to be smaller as well.
Auto-correlation | 0.85 |
Very good predictability
Large Pany Growth has very good predictability. Overlapping area represents the amount of predictability between Large Pany time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Large Pany Growth price movement. The serial correlation of 0.85 indicates that around 85.0% of current Large Pany price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 2.64 |
Large Pany Growth lagged returns against current returns
Autocorrelation, which is Large Pany 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 Large Pany's mutual fund expected returns. We can calculate the autocorrelation of Large Pany returns to help us make a trade decision. For example, suppose you find that Large Pany 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 |
Large Pany 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 Large Pany mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Large Pany mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Large Pany mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Large Pany Lagged Returns
When evaluating Large Pany's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Large Pany mutual fund have on its future price. Large Pany 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, Large Pany autocorrelation shows the relationship between Large Pany mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Large Pany Growth.
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 Large Mutual Fund
Large Pany financial ratios help investors to determine whether Large 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 Large with respect to the benefits of owning Large Pany security.
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