Riverparkwedgewood Fund Retail Fund Market Value
| RWGFX Fund | USD 5.55 0.03 0.54% |
| Symbol | Riverpark/wedgewood |
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.
| 09/09/2024 |
| 12/08/2024 |
If you would invest 0.00 in Riverpark/wedgewood on September 9, 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 90 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.
| Downside Deviation | 0.6302 | |||
| Information Ratio | 0.1317 | |||
| Maximum Drawdown | 3.6 | |||
| Value At Risk | (0.78) | |||
| Potential Upside | 1.3 |
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.| Risk Adjusted Performance | 0.2522 | |||
| Jensen Alpha | 0.2098 | |||
| Total Risk Alpha | 0.1007 | |||
| Sortino Ratio | 0.14 | |||
| Treynor Ratio | 3.12 |
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 0.34, which implies the entity had a 0.34% 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 Risk Adjusted Performance of 0.2522, downside deviation of 0.6302, and Standard Deviation of 0.6699 to confirm if our risk estimates are consistent with your expectations. The fund holds a Beta of 0.0702, 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 | 0.91 |
Excellent predictability
Riverparkwedgewood Fund Retail has excellent predictability. Overlapping area represents the amount of predictability between Riverpark/wedgewood time series from 9th of September 2024 to 24th of October 2024 and 24th of October 2024 to 8th 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 0.91 indicates that approximately 91.0% of current Riverpark/wedgewood price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.91 | |
| Spearman Rank Test | 0.89 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
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 |
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 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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