Williston Mutual Fund Market Value

ICPAX
 Fund
  

USD 5.63  0.01  0.18%   

Williston BasinMid-North's market value is the price at which a share of Williston BasinMid-North stock trades on a public exchange. It measures the collective expectations of Williston BasinMid-North America investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Williston BasinMid-North America and determine expected loss or profit from investing in Williston BasinMid-North over a given investment horizon. Please see Williston BasinMid-North Correlation, Williston BasinMid-North Volatility and Williston BasinMid-North Alpha and Beta module to complement your research on Williston BasinMid-North.
Symbol

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

Williston BasinMid-North '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 Williston BasinMid-North'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 Williston BasinMid-North.
0.00
12/08/2020
No Change 0.00  0.0 
In 1 year 11 months and 22 days
11/28/2022
0.00
If you would invest  0.00  in Williston BasinMid-North on December 8, 2020 and sell it all today you would earn a total of 0.00 from holding Williston BasinMid-North America or generate 0.0% return on investment in Williston BasinMid-North over 720 days. Williston BasinMid-North is related to or competes with Vanguard Energy, Fidelity Advisor, Fidelity Advisor, Fidelity Advisor, Fidelity Advisor, and Invesco Energy. The fund normally invests at least 80 percent of its net assets in the stock of domestic and foreign issuers that are pa... More

Williston BasinMid-North 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 Williston BasinMid-North'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 Williston BasinMid-North America upside and downside potential and time the market with a certain degree of confidence.

Williston BasinMid-North Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Williston BasinMid-North's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Williston BasinMid-North's standard deviation. In reality, there are many statistical measures that can use Williston BasinMid-North historical prices to predict the future Williston BasinMid-North's volatility.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Williston BasinMid-North'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. Please use the tools below to analyze the current value of Williston BasinMid-North in the context of predictive analytics.
Hype
Prediction
LowEstimated ValueHigh
3.385.637.88
Details
Intrinsic
Valuation
LowReal ValueHigh
3.045.297.54
Details
Naive
Forecast
LowNext ValueHigh
3.525.778.01
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
5.525.605.68
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Williston BasinMid-North. Your research has to be compared to or analyzed against Williston BasinMid-North's peers to derive any actionable benefits. When done correctly, Williston BasinMid-North's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy towards taking a position in Williston BasinMid-North.

Williston BasinMid-North Backtested Returns

We consider Williston BasinMid-North somewhat reliable. Williston BasinMid-North shows Sharpe Ratio of 0.0685, which attests that the fund had 0.0685% of return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-one technical indicators for Williston BasinMid-North, which you can use to evaluate the future volatility of the fund. Please check out Williston BasinMid-North Downside Deviation of 2.42, mean deviation of 1.74, and Market Risk Adjusted Performance of 0.0826 to validate if the risk estimate we provide is consistent with the expected return of 0.15%.
The entity maintains a market beta of 1.1206, which attests to a somewhat significant risk relative to the market. Let's try to break down what Williston's beta means in this case. Williston BasinMid-North returns are very sensitive to returns on the market. As the market goes up or down, Williston BasinMid-North is expected to follow. Although it is important to respect Williston BasinMid-North historical price patterns, it is better to be realistic regarding the information on the equity's current price history. The philosophy towards determining future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By examining Williston BasinMid-North technical indicators, you can presently evaluate if the expected return of 0.15% will be sustainable into the future.

Auto-correlation

    
  0.72  

Good predictability

Williston BasinMid-North America has good predictability. Overlapping area represents the amount of predictability between Williston BasinMid-North time series from 8th of December 2020 to 3rd of December 2021 and 3rd of December 2021 to 28th of November 2022. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Williston BasinMid-North price movement. The serial correlation of 0.72 indicates that around 72.0% of current Williston BasinMid-North price fluctuation can be explain by its past prices.
Correlation Coefficient0.72
Spearman Rank Test0.61
Residual Average0.0
Price Variance0.21

Williston BasinMid-North lagged returns against current returns

Autocorrelation, which is Williston BasinMid-North 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 Williston BasinMid-North's mutual fund expected returns. We can calculate the autocorrelation of Williston BasinMid-North returns to help us make a trade decision. For example, suppose you find that Williston BasinMid-North mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock movement to match the lagging time series.
   Current and Lagged Values   
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       Timeline  

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

Williston BasinMid-North Lagged Returns

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

Be your own money manager

Our tools can tell you how much better you can do entering a position in Williston BasinMid-North without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Please see Williston BasinMid-North Correlation, Williston BasinMid-North Volatility and Williston BasinMid-North Alpha and Beta module to complement your research on Williston BasinMid-North. Note that the Williston BasinMid-North information on this page should be used as a complementary analysis to other Williston BasinMid-North's 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 Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.

Complementary Tools for Williston Mutual Fund analysis

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