Wellington Shields All Cap Fund Market Value

WSACX Fund  USD 26.31  0.18  0.69%   
Wellington Shields' market value is the price at which a share of Wellington Shields trades on a public exchange. It measures the collective expectations of Wellington Shields All Cap investors about its performance. Wellington Shields is trading at 26.31 as of the 28th of March 2024; that is 0.69% increase since the beginning of the trading day. The fund's open price was 26.13.
With this module, you can estimate the performance of a buy and hold strategy of Wellington Shields All Cap and determine expected loss or profit from investing in Wellington Shields over a given investment horizon. Check out Wellington Shields Correlation, Wellington Shields Volatility and Wellington Shields Alpha and Beta module to complement your research on Wellington Shields.
Symbol

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

Wellington Shields '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 Wellington Shields' 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 Wellington Shields.
0.00
04/03/2023
No Change 0.00  0.0 
In 11 months and 26 days
03/28/2024
0.00
If you would invest  0.00  in Wellington Shields on April 3, 2023 and sell it all today you would earn a total of 0.00 from holding Wellington Shields All Cap or generate 0.0% return on investment in Wellington Shields over 360 days. Wellington Shields is related to or competes with Fidelity Large, Vanguard 500, New World, T Rowe, Pimco Dynamic, and Fidelity Advisor. The fund invests primarily in equity securities of all market capitalizations More

Wellington Shields 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 Wellington Shields' 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 Wellington Shields All Cap upside and downside potential and time the market with a certain degree of confidence.

Wellington Shields Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wellington Shields' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wellington Shields' standard deviation. In reality, there are many statistical measures that can use Wellington Shields historical prices to predict the future Wellington Shields' volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wellington Shields' 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
25.3826.1326.88
Details
Intrinsic
Valuation
LowRealHigh
25.6426.3927.14
Details
Naive
Forecast
LowNextHigh
25.3826.1426.89
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
26.0826.1626.23
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Wellington Shields. Your research has to be compared to or analyzed against Wellington Shields' peers to derive any actionable benefits. When done correctly, Wellington Shields' 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 Wellington Shields.

Wellington Shields Backtested Returns

We consider Wellington Shields very steady. Wellington Shields shows Sharpe Ratio of 0.24, which attests that the fund had a 0.24% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wellington Shields, which you can use to evaluate the volatility of the fund. Please check out Wellington Shields' Mean Deviation of 0.5899, market risk adjusted performance of (1.76), and Downside Deviation of 0.682 to validate if the risk estimate we provide is consistent with the expected return of 0.18%. The entity maintains a market beta of -0.0953, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wellington Shields are expected to decrease at a much lower rate. During the bear market, Wellington Shields is likely to outperform the market.

Auto-correlation

    
  0.78  

Good predictability

Wellington Shields All Cap has good predictability. Overlapping area represents the amount of predictability between Wellington Shields time series from 3rd of April 2023 to 30th of September 2023 and 30th of September 2023 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 Wellington Shields price movement. The serial correlation of 0.78 indicates that around 78.0% of current Wellington Shields price fluctuation can be explain by its past prices.
Correlation Coefficient0.78
Spearman Rank Test0.78
Residual Average0.0
Price Variance2.34

Wellington Shields lagged returns against current returns

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

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

Wellington Shields Lagged Returns

When evaluating Wellington Shields' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wellington Shields mutual fund have on its future price. Wellington Shields 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, Wellington Shields autocorrelation shows the relationship between Wellington Shields mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wellington Shields All Cap.
   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 Wellington Shields 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, Wellington Shields' short interest history, or implied volatility extrapolated from Wellington Shields 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 Wellington Shields Correlation, Wellington Shields Volatility and Wellington Shields Alpha and Beta module to complement your research on Wellington Shields.
Note that the Wellington Shields information on this page should be used as a complementary analysis to other Wellington Shields' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Wellington Mutual Fund analysis

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