Williston Basinmid North America Fund Market Value
| ICPAX Fund | USD 5.99 0.03 0.50% |
| Symbol | Williston |
Williston Basinmid '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 Williston Basinmid'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 Williston Basinmid.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Williston Basinmid on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Williston Basinmid North America or generate 0.0% return on investment in Williston Basinmid over 30 days. Williston Basinmid is related to or competes with Blackrock Natural, Integrity Dividend, Guinness Atkinson, Ivy Energy, and MDU Resources. The fund normally invests at least 80 percent of its net assets in the stock of domestic and foreign issuers that are pa... More
Williston Basinmid 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 Williston Basinmid'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 Williston Basinmid North America upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.0655 | |||
| Maximum Drawdown | 5.42 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 1.77 |
Williston Basinmid Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Williston Basinmid's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Williston Basinmid's standard deviation. In reality, there are many statistical measures that can use Williston Basinmid historical prices to predict the future Williston Basinmid's volatility.| Risk Adjusted Performance | 0.1174 | |||
| Jensen Alpha | 0.1013 | |||
| Total Risk Alpha | 0.026 | |||
| Sortino Ratio | 0.0672 | |||
| Treynor Ratio | 0.2417 |
Williston Basinmid Backtested Returns
At this stage we consider Williston Mutual Fund to be not too volatile. Williston Basinmid shows Sharpe Ratio of 0.13, which attests that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Williston Basinmid, which you can use to evaluate the volatility of the fund. Please check out Williston Basinmid's Mean Deviation of 0.8439, market risk adjusted performance of 0.2517, and Downside Deviation of 1.06 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The entity maintains a market beta of 0.67, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Williston Basinmid's returns are expected to increase less than the market. However, during the bear market, the loss of holding Williston Basinmid is expected to be smaller as well.
Auto-correlation | -0.9 |
Excellent reverse predictability
Williston Basinmid North America has excellent reverse predictability. Overlapping area represents the amount of predictability between Williston Basinmid time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Williston Basinmid price movement. The serial correlation of -0.9 indicates that approximately 90.0% of current Williston Basinmid price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.9 | |
| Spearman Rank Test | -0.61 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Williston Basinmid lagged returns against current returns
Autocorrelation, which is Williston Basinmid 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 Williston Basinmid's mutual fund expected returns. We can calculate the autocorrelation of Williston Basinmid returns to help us make a trade decision. For example, suppose you find that Williston Basinmid 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 |
Williston Basinmid 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 Williston Basinmid mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Williston Basinmid mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Williston Basinmid mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Williston Basinmid Lagged Returns
When evaluating Williston Basinmid's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Williston Basinmid mutual fund have on its future price. Williston Basinmid 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, Williston Basinmid autocorrelation shows the relationship between Williston Basinmid mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Williston Basinmid North America.
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 Williston Mutual Fund
Williston Basinmid financial ratios help investors to determine whether Williston 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 Williston with respect to the benefits of owning Williston Basinmid security.
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