Partners Iii Opportunity Fund Market Value
| WPOPX Fund | USD 12.72 0.18 1.44% |
| Symbol | Partners |
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.
| 05/05/2022 |
| 04/24/2024 |
If you would invest 0.00 in Partners Iii on May 5, 2022 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 720 days. Partners Iii is related to or competes with Weitz Balanced, Core Plus, Core Plus, Value Fund, Value Fund, Short Duration, and Nebraska Tax-free. 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.
| Downside Deviation | 0.8342 | |||
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 3.25 | |||
| Value At Risk | (1.25) | |||
| Potential Upside | 1.01 |
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.| Risk Adjusted Performance | 0.0387 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0332 |
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.
Partners Iii Opportunity Backtested Returns
We consider Partners Iii very steady. Partners Iii Opportunity maintains Sharpe Ratio (i.e., Efficiency) of 0.0423, which implies the entity had a 0.0423% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Partners Iii Opportunity, which you can use to evaluate the volatility of the fund. Please check Partners Iii's Coefficient Of Variation of 1643.78, semi deviation of 0.7596, and Risk Adjusted Performance of 0.0387 to confirm if the risk estimate we provide is consistent with the expected return of 0.0307%. The fund holds a Beta of 0.99, which implies possible diversification benefits within a given portfolio. Partners Iii returns are very sensitive to returns on the market. As the market goes up or down, Partners Iii is expected to follow.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Partners Iii Opportunity has insignificant reverse predictability. Overlapping area represents the amount of predictability between Partners Iii time series from 5th of May 2022 to 30th of April 2023 and 30th of April 2023 to 24th of April 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 -0.13 indicates that less than 13.0% of current Partners Iii price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | -0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Partners Iii in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Partners Iii's short interest history, or implied volatility extrapolated from Partners Iii options trading.
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.Check out Partners Iii Correlation, Partners Iii Volatility and Partners Iii Alpha and Beta module to complement your research on Partners Iii. You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
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.