Metropolitan West Strategic Fund Market Value
| MWSTX Fund | USD 6.20 0.00 0.00% |
| Symbol | Metropolitan |
Metropolitan West '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 Metropolitan West'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 Metropolitan West.
| 05/13/2023 |
| 12/03/2024 |
If you would invest 0.00 in Metropolitan West on May 13, 2023 and sell it all today you would earn a total of 0.00 from holding Metropolitan West Strategic or generate 0.0% return on investment in Metropolitan West over 570 days. Metropolitan West is related to or competes with Limited Term, T Rowe, Franklin High, Morningstar Municipal, and Vanguard California. The fund pursues its objective by utilizing a flexible investment approach that allocates investments across a range of ... More
Metropolitan West 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 Metropolitan West'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 Metropolitan West Strategic upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2623 | |||
| Information Ratio | (0.60) | |||
| Maximum Drawdown | 0.9733 | |||
| Value At Risk | (0.32) | |||
| Potential Upside | 0.3247 |
Metropolitan West Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metropolitan West's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metropolitan West's standard deviation. In reality, there are many statistical measures that can use Metropolitan West historical prices to predict the future Metropolitan West's volatility.| Risk Adjusted Performance | 0.02 | |||
| Jensen Alpha | (0.0002) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.43) | |||
| Treynor Ratio | 0.1071 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Metropolitan West'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.
Metropolitan West Backtested Returns
At this stage we consider Metropolitan Mutual Fund to be very steady. Metropolitan West has Sharpe Ratio of 0.0155, which conveys that the entity had a 0.0155% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Metropolitan West, which you can use to evaluate the volatility of the fund. Please verify Metropolitan West's Risk Adjusted Performance of 0.02, mean deviation of 0.1212, and Downside Deviation of 0.2623 to check out if the risk estimate we provide is consistent with the expected return of 0.0027%. The fund secures a Beta (Market Risk) of 0.0228, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Metropolitan West's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metropolitan West is expected to be smaller as well.
Auto-correlation | 0.74 |
Good predictability
Metropolitan West Strategic has good predictability. Overlapping area represents the amount of predictability between Metropolitan West time series from 13th of May 2023 to 22nd of February 2024 and 22nd of February 2024 to 3rd 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 Metropolitan West price movement. The serial correlation of 0.74 indicates that around 74.0% of current Metropolitan West price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.74 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Metropolitan West lagged returns against current returns
Autocorrelation, which is Metropolitan West 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 Metropolitan West's mutual fund expected returns. We can calculate the autocorrelation of Metropolitan West returns to help us make a trade decision. For example, suppose you find that Metropolitan West 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 |
Metropolitan West 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 Metropolitan West mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metropolitan West mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metropolitan West mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Metropolitan West Lagged Returns
When evaluating Metropolitan West's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metropolitan West mutual fund have on its future price. Metropolitan West 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, Metropolitan West autocorrelation shows the relationship between Metropolitan West mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Metropolitan West Strategic.
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 Metropolitan Mutual Fund
Metropolitan West financial ratios help investors to determine whether Metropolitan 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 Metropolitan with respect to the benefits of owning Metropolitan West security.
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