Riverparkwedgewood Fund Retail Fund Market Value

RWGFX Fund  USD 5.54  0.01  0.18%   
Riverpark/wedgewood's market value is the price at which a share of Riverpark/wedgewood trades on a public exchange. It measures the collective expectations of Riverparkwedgewood Fund Retail investors about its performance. Riverpark/wedgewood is trading at 5.54 as of the 5th of December 2024; that is 0.18 percent up since the beginning of the trading day. The fund's open price was 5.53.
With this module, you can estimate the performance of a buy and hold strategy of Riverparkwedgewood Fund Retail and determine expected loss or profit from investing in Riverpark/wedgewood over a given investment horizon. Check out Riverpark/wedgewood Correlation, Riverpark/wedgewood Volatility and Riverpark/wedgewood Alpha and Beta module to complement your research on Riverpark/wedgewood.
Symbol

Please note, there is a significant difference between Riverpark/wedgewood's value and its price as these two are different measures arrived at by different means. Investors typically determine if Riverpark/wedgewood is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Riverpark/wedgewood'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.

Riverpark/wedgewood '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 Riverpark/wedgewood'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 Riverpark/wedgewood.
0.00
11/05/2024
No Change 0.00  0.0 
In 31 days
12/05/2024
0.00
If you would invest  0.00  in Riverpark/wedgewood on November 5, 2024 and sell it all today you would earn a total of 0.00 from holding Riverparkwedgewood Fund Retail or generate 0.0% return on investment in Riverpark/wedgewood over 30 days. Riverpark/wedgewood is related to or competes with Riverpark/wedgewood, Grandeur Peak, Riverpark Short, Riverpark Large, and Mainstay Epoch. The fund invests at least 80 percent of its net assets in equity securities of large capitalization companies that the s... More

Riverpark/wedgewood 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 Riverpark/wedgewood'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 Riverparkwedgewood Fund Retail upside and downside potential and time the market with a certain degree of confidence.

Riverpark/wedgewood Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Riverpark/wedgewood's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Riverpark/wedgewood's standard deviation. In reality, there are many statistical measures that can use Riverpark/wedgewood historical prices to predict the future Riverpark/wedgewood's volatility.
Hype
Prediction
LowEstimatedHigh
4.875.546.21
Details
Intrinsic
Valuation
LowRealHigh
4.885.556.22
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Riverpark/wedgewood. Your research has to be compared to or analyzed against Riverpark/wedgewood's peers to derive any actionable benefits. When done correctly, Riverpark/wedgewood's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Riverpark/wedgewood.

Riverpark/wedgewood Backtested Returns

Riverpark/wedgewood appears to be not too volatile, given 3 months investment horizon. Riverpark/wedgewood maintains Sharpe Ratio (i.e., Efficiency) of 0.36, which implies the entity had a 0.36% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Riverpark/wedgewood, which you can use to evaluate the volatility of the fund. Please evaluate Riverpark/wedgewood's Coefficient Of Variation of 414.46, risk adjusted performance of 0.1782, and Semi Deviation of 0.5432 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.13, which implies not very significant fluctuations relative to the market. As returns on the market increase, Riverpark/wedgewood's returns are expected to increase less than the market. However, during the bear market, the loss of holding Riverpark/wedgewood is expected to be smaller as well.

Auto-correlation

    
  0.25  

Poor predictability

Riverparkwedgewood Fund Retail has poor predictability. Overlapping area represents the amount of predictability between Riverpark/wedgewood time series from 5th of November 2024 to 20th of November 2024 and 20th of November 2024 to 5th 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 Riverpark/wedgewood price movement. The serial correlation of 0.25 indicates that over 25.0% of current Riverpark/wedgewood price fluctuation can be explain by its past prices.
Correlation Coefficient0.25
Spearman Rank Test-0.24
Residual Average0.0
Price Variance0.0

Riverpark/wedgewood lagged returns against current returns

Autocorrelation, which is Riverpark/wedgewood 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 Riverpark/wedgewood's mutual fund expected returns. We can calculate the autocorrelation of Riverpark/wedgewood returns to help us make a trade decision. For example, suppose you find that Riverpark/wedgewood 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  

Riverpark/wedgewood 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 Riverpark/wedgewood mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Riverpark/wedgewood mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Riverpark/wedgewood mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Riverpark/wedgewood Lagged Returns

When evaluating Riverpark/wedgewood's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Riverpark/wedgewood mutual fund have on its future price. Riverpark/wedgewood 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, Riverpark/wedgewood autocorrelation shows the relationship between Riverpark/wedgewood mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Riverparkwedgewood Fund Retail.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Riverpark/wedgewood Mutual Fund

Riverpark/wedgewood financial ratios help investors to determine whether Riverpark/wedgewood 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 Riverpark/wedgewood with respect to the benefits of owning Riverpark/wedgewood security.
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