Tekla World Healthcare Fund Market Value
| XTHWX Fund | USD 11.32 0.11 0.96% |
| Symbol | Tekla |
Please note, there is a significant difference between Tekla World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tekla World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tekla World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Tekla World '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 Tekla World'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 Tekla World.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Tekla World on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Tekla World Healthcare or generate 0.0% return on investment in Tekla World over 90 days. Tekla World is related to or competes with T Rowe. Tekla World is entity of United States. It is traded as Fund on NMFQS exchange. More
Tekla World 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 Tekla World'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 Tekla World Healthcare upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0473 | |||
| Maximum Drawdown | 4.08 | |||
| Value At Risk | (1.11) | |||
| Potential Upside | 1.46 |
Tekla World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tekla World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tekla World's standard deviation. In reality, there are many statistical measures that can use Tekla World historical prices to predict the future Tekla World's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | 0.0411 | |||
| Treynor Ratio | 0.4046 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Tekla World'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.
Tekla World Healthcare Backtested Returns
Tekla World Healthcare owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0257, which indicates the fund had a -0.0257 % return per unit of risk over the last 3 months. Tekla World Healthcare exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tekla World's Coefficient Of Variation of (1,504), risk adjusted performance of (0.06), and Variance of 0.7576 to confirm the risk estimate we provide. The entity has a beta of -0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Tekla World are expected to decrease at a much lower rate. During the bear market, Tekla World is likely to outperform the market.
Auto-correlation | 0.09 |
Virtually no predictability
Tekla World Healthcare has virtually no predictability. Overlapping area represents the amount of predictability between Tekla World time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Tekla World Healthcare price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Tekla World price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Tekla World Healthcare lagged returns against current returns
Autocorrelation, which is Tekla World 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 Tekla World's mutual fund expected returns. We can calculate the autocorrelation of Tekla World returns to help us make a trade decision. For example, suppose you find that Tekla World 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 |
Tekla World 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 Tekla World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tekla World mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tekla World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Tekla World Lagged Returns
When evaluating Tekla World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tekla World mutual fund have on its future price. Tekla World 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, Tekla World autocorrelation shows the relationship between Tekla World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Tekla World Healthcare.
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 Tekla Mutual Fund
Tekla World financial ratios help investors to determine whether Tekla 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 Tekla with respect to the benefits of owning Tekla World security.
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