Wcm Small Cap Fund Market Value
| WCMLX Fund | USD 14.04 0.06 0.43% |
| Symbol | Wcm |
Wcm Small '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 Wcm Small'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 Wcm Small.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Wcm Small on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Wcm Small Cap or generate 0.0% return on investment in Wcm Small over 90 days. Wcm Small is related to or competes with Jhancock Diversified, Harbor Diversified, Lord Abbett, Calvert Conservative, Delaware Limited-term, Blackrock Conservative, and Oppenheimer International. Under normal circumstances, the fund will invest at least 80 percent of its net assets in equity securities of small cap... More
Wcm Small 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 Wcm Small'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 Wcm Small Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.75 | |||
| Value At Risk | (1.81) | |||
| Potential Upside | 1.89 |
Wcm Small Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wcm Small's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wcm Small's standard deviation. In reality, there are many statistical measures that can use Wcm Small historical prices to predict the future Wcm Small's volatility.| Risk Adjusted Performance | 0.0809 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.09) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0802 |
Wcm Small Cap Backtested Returns
At this stage we consider Wcm Mutual Fund to be very steady. Wcm Small Cap 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 Wcm Small Cap, which you can use to evaluate the volatility of the fund. Please check out Wcm Small's Downside Deviation of 1.17, mean deviation of 0.8977, and Market Risk Adjusted Performance of 0.0902 to validate if the risk estimate we provide is consistent with the expected return of 0.15%. The entity maintains a market beta of 1.44, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wcm Small will likely underperform.
Auto-correlation | 0.63 |
Good predictability
Wcm Small Cap has good predictability. Overlapping area represents the amount of predictability between Wcm Small time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Wcm Small Cap price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Wcm Small price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Wcm Small Cap lagged returns against current returns
Autocorrelation, which is Wcm Small 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 Wcm Small's mutual fund expected returns. We can calculate the autocorrelation of Wcm Small returns to help us make a trade decision. For example, suppose you find that Wcm Small 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 |
Wcm Small 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 Wcm Small mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wcm Small mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wcm Small mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wcm Small Lagged Returns
When evaluating Wcm Small's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wcm Small mutual fund have on its future price. Wcm Small 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, Wcm Small autocorrelation shows the relationship between Wcm Small mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wcm Small Cap.
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 Wcm Mutual Fund
Wcm Small financial ratios help investors to determine whether Wcm 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 Wcm with respect to the benefits of owning Wcm Small security.
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