Partners Iii Opportunity Fund Market Value

WPOIX Fund  USD 11.85  0.01  0.08%   
Partners Iii's market value is the price at which a share of Partners Iii trades on a public exchange. It measures the collective expectations of Partners Iii Opportunity investors about its performance. Partners Iii is trading at 11.85 as of the 28th of March 2024; that is 0.08 percent increase since the beginning of the trading day. The fund's open price was 11.84.
With this module, you can estimate the performance of a buy and hold strategy of Partners Iii Opportunity and determine expected loss or profit from investing in Partners Iii over a given investment horizon. Check out Partners Iii Correlation, Partners Iii Volatility and Partners Iii Alpha and Beta module to complement your research on Partners Iii.
Symbol

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

Partners Iii '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 Partners Iii'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 Partners Iii.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Partners Iii on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Partners Iii Opportunity or generate 0.0% return on investment in Partners Iii over 30 days. Partners Iii is related to or competes with Rationalpier, Lord Abbett, Gabelli Convertible, and Putnam Convertible. The funds investment strategy is to buy above-average to highest-quality businesses, at prices that the advisor believes... More

Partners Iii 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 Partners Iii'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 Partners Iii Opportunity upside and downside potential and time the market with a certain degree of confidence.

Partners Iii Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Partners Iii's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Partners Iii's standard deviation. In reality, there are many statistical measures that can use Partners Iii historical prices to predict the future Partners Iii's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Partners Iii'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
11.1911.8512.51
Details
Intrinsic
Valuation
LowRealHigh
10.4511.1113.04
Details
Naive
Forecast
LowNextHigh
11.1511.8112.46
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.8411.8511.86
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Partners Iii. Your research has to be compared to or analyzed against Partners Iii's peers to derive any actionable benefits. When done correctly, Partners Iii'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 Partners Iii Opportunity.

Partners Iii Opportunity Backtested Returns

We consider Partners Iii very steady. Partners Iii Opportunity maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the entity had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Partners Iii Opportunity, which you can use to evaluate the volatility of the fund. Please check Partners Iii's Risk Adjusted Performance of 0.1042, coefficient of variation of 542.38, and Semi Deviation of 0.6167 to confirm if the risk estimate we provide is consistent with the expected return of 0.11%. The fund holds a Beta of -0.0284, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Partners Iii are expected to decrease at a much lower rate. During the bear market, Partners Iii is likely to outperform the market.

Auto-correlation

    
  -0.4  

Poor reverse predictability

Partners Iii Opportunity has poor reverse predictability. Overlapping area represents the amount of predictability between Partners Iii time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th 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 Partners Iii Opportunity price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Partners Iii price fluctuation can be explain by its past prices.
Correlation Coefficient-0.4
Spearman Rank Test0.52
Residual Average0.0
Price Variance0.0

Partners Iii Opportunity lagged returns against current returns

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

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

Partners Iii Lagged Returns

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

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Check out Partners Iii Correlation, Partners Iii Volatility and Partners Iii Alpha and Beta module to complement your research on Partners Iii.
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When running Partners Iii's price analysis, check to measure Partners Iii'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 Partners Iii is operating at the current time. Most of Partners Iii's value examination focuses on studying past and present price action to predict the probability of Partners Iii's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Partners Iii's price. Additionally, you may evaluate how the addition of Partners Iii to your portfolios can decrease your overall portfolio volatility.
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Partners Iii 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 Partners Iii technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Partners Iii 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...