Ab Centrated Growth Fund Market Value
| WPASX Fund | USD 51.45 0.48 0.94% |
| Symbol | WPASX |
Ab Centrated '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 Ab Centrated'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 Ab Centrated.
| 11/13/2023 |
| 01/06/2025 |
If you would invest 0.00 in Ab Centrated on November 13, 2023 and sell it all today you would earn a total of 0.00 from holding Ab Centrated Growth or generate 0.0% return on investment in Ab Centrated over 420 days. Ab Centrated is related to or competes with Delaware Limited, Extended Market, Dunham Emerging, Alphacentric Hedged, Sp Midcap, Ashmore Emerging, and Fidelity New. The Adviser seeks to achieve the funds investment objective of long-term growth of capital by investing primarily in com... More
Ab Centrated 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 Ab Centrated'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 Ab Centrated Growth upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.58 | |||
| Value At Risk | (1.85) | |||
| Potential Upside | 0.9748 |
Ab Centrated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ab Centrated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ab Centrated's standard deviation. In reality, there are many statistical measures that can use Ab Centrated historical prices to predict the future Ab Centrated's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.22) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Ab Centrated'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.
Ab Centrated Growth Backtested Returns
Ab Centrated Growth retains Efficiency (Sharpe Ratio) of -0.12, which signifies that the fund had a -0.12% return per unit of price deviation over the last 3 months. Ab Centrated exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ab Centrated's Market Risk Adjusted Performance of (0.21), information ratio of (0.13), and Variance of 2.1 to double-check the risk estimate we provide. The fund owns a Beta (Systematic Risk) of 0.8, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ab Centrated's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ab Centrated is expected to be smaller as well.
Auto-correlation | 0.37 |
Below average predictability
Ab Centrated Growth has below average predictability. Overlapping area represents the amount of predictability between Ab Centrated time series from 13th of November 2023 to 10th of June 2024 and 10th of June 2024 to 6th 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 Ab Centrated Growth price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Ab Centrated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.14 | |
| Residual Average | 0.0 | |
| Price Variance | 5.42 |
Ab Centrated Growth lagged returns against current returns
Autocorrelation, which is Ab Centrated 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 Ab Centrated's mutual fund expected returns. We can calculate the autocorrelation of Ab Centrated returns to help us make a trade decision. For example, suppose you find that Ab Centrated 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 |
Ab Centrated 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 Ab Centrated mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ab Centrated mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ab Centrated mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Ab Centrated Lagged Returns
When evaluating Ab Centrated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ab Centrated mutual fund have on its future price. Ab Centrated 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, Ab Centrated autocorrelation shows the relationship between Ab Centrated mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Ab Centrated Growth.
Regressed Prices |
| Timeline |
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Other Information on Investing in WPASX Mutual Fund
Ab Centrated financial ratios help investors to determine whether WPASX 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 WPASX with respect to the benefits of owning Ab Centrated security.
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