Capital World Growth Fund Market Value

CWGIX Fund  USD 64.83  0.37  0.57%   
Capital World's market value is the price at which a share of Capital World trades on a public exchange. It measures the collective expectations of Capital World Growth investors about its performance. Capital World is trading at 64.83 as of the 29th of March 2024; that is 0.57 percent increase since the beginning of the trading day. The fund's open price was 64.46.
With this module, you can estimate the performance of a buy and hold strategy of Capital World Growth and determine expected loss or profit from investing in Capital World over a given investment horizon. Check out Capital World Correlation, Capital World Volatility and Capital World Alpha and Beta module to complement your research on Capital World.
Symbol

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

Capital World '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 Capital World'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 Capital World.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Capital World on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding Capital World Growth or generate 0.0% return on investment in Capital World over 30 days. Capital World is related to or competes with American Funds, American Funds, Capital World, Capital World, Capital World, Capital World, and Capital World. The fund invests primarily in common stocks of well-established companies located around the world, many of which have t... More

Capital World 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 Capital World'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 Capital World Growth upside and downside potential and time the market with a certain degree of confidence.

Capital World Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Capital World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Capital World's standard deviation. In reality, there are many statistical measures that can use Capital World historical prices to predict the future Capital World's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Capital World'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.
Hype
Prediction
LowEstimatedHigh
64.1764.8065.43
Details
Intrinsic
Valuation
LowRealHigh
63.4564.0871.31
Details
Naive
Forecast
LowNextHigh
64.1264.7465.37
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
62.3063.8365.36
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Capital World. Your research has to be compared to or analyzed against Capital World's peers to derive any actionable benefits. When done correctly, Capital World'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 Capital World Growth.

Capital World Growth Backtested Returns

We consider Capital World very steady. Capital World Growth secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the fund had a 0.23% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Capital World Growth, which you can use to evaluate the volatility of the entity. Please confirm Capital World's Risk Adjusted Performance of 0.1198, downside deviation of 0.5632, and Mean Deviation of 0.4785 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. The fund shows a Beta (market volatility) of 0.95, which signifies possible diversification benefits within a given portfolio. Capital World returns are very sensitive to returns on the market. As the market goes up or down, Capital World is expected to follow.

Auto-correlation

    
  0.61  

Good predictability

Capital World Growth has good predictability. Overlapping area represents the amount of predictability between Capital World time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th of March 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 Capital World Growth price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Capital World price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.6
Residual Average0.0
Price Variance0.18

Capital World Growth lagged returns against current returns

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

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

Capital World Lagged Returns

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

Pair Trading with Capital World

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Capital World position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Capital World will appreciate offsetting losses from the drop in the long position's value.

Moving together with Capital Mutual Fund

  0.98STFGX State Farm GrowthPairCorr
  0.91AMECX Income FundPairCorr
  0.96REJTX American Funds 2015PairCorr
  0.99RNEBX New World FundPairCorr
  0.97AMFCX American Mutual FundPairCorr
The ability to find closely correlated positions to Capital World could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capital World when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Capital World - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Capital World Growth to buy it.
The correlation of Capital World is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Capital World moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capital World Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Capital World can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Capital World Correlation, Capital World Volatility and Capital World Alpha and Beta module to complement your research on Capital World.
You can also try the Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.

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When running Capital World's price analysis, check to measure Capital World's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Capital World is operating at the current time. Most of Capital World's value examination focuses on studying past and present price action to predict the probability of Capital World's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Capital World's price. Additionally, you may evaluate how the addition of Capital World to your portfolios can decrease your overall portfolio volatility.
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Capital World technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
A focus of Capital World technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Capital World trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...