Old Westbury Large Fund Market Value
| OWLSX Fund | USD 18.75 0.20 1.08% |
| Symbol | Old |
Old Westbury '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 Old Westbury'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 Old Westbury.
| 04/05/2024 |
| 05/05/2024 |
If you would invest 0.00 in Old Westbury on April 5, 2024 and sell it all today you would earn a total of 0.00 from holding Old Westbury Large or generate 0.0% return on investment in Old Westbury over 30 days. Old Westbury is related to or competes with American Funds, New Perspective, New Perspective, New Perspective, New Perspective, New Perspective, and New Perspective. Under normal circumstances, the fund invests at least 80 percent of its net assets, including any borrowings for investm... More
Old Westbury 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 Old Westbury'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 Old Westbury Large upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.779 | |||
| Information Ratio | 0.0283 | |||
| Maximum Drawdown | 4.84 | |||
| Value At Risk | (1.10) | |||
| Potential Upside | 1.13 |
Old Westbury Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Old Westbury's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Old Westbury's standard deviation. In reality, there are many statistical measures that can use Old Westbury historical prices to predict the future Old Westbury's volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.0255 | |||
| Total Risk Alpha | 0.0055 | |||
| Sortino Ratio | 0.0284 | |||
| Treynor Ratio | 0.0962 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Old Westbury'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.
Old Westbury Large Backtested Returns
We consider Old Westbury very steady. Old Westbury Large maintains Sharpe Ratio (i.e., Efficiency) of 0.0988, which implies the entity had a 0.0988% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Old Westbury Large, which you can use to evaluate the volatility of the fund. Please check Old Westbury's Coefficient Of Variation of 770.79, semi deviation of 0.6201, and Risk Adjusted Performance of 0.0838 to confirm if the risk estimate we provide is consistent with the expected return of 0.0763%. The fund holds a Beta of 0.95, which implies possible diversification benefits within a given portfolio. Old Westbury returns are very sensitive to returns on the market. As the market goes up or down, Old Westbury is expected to follow.
Auto-correlation | -0.24 |
Weak reverse predictability
Old Westbury Large has weak reverse predictability. Overlapping area represents the amount of predictability between Old Westbury time series from 5th of April 2024 to 20th of April 2024 and 20th of April 2024 to 5th of May 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 Old Westbury Large price movement. The serial correlation of -0.24 indicates that over 24.0% of current Old Westbury price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.24 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Old Westbury Large lagged returns against current returns
Autocorrelation, which is Old Westbury 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 Old Westbury's mutual fund expected returns. We can calculate the autocorrelation of Old Westbury returns to help us make a trade decision. For example, suppose you find that Old Westbury 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 |
Old Westbury 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 Old Westbury mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Old Westbury mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Old Westbury mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Old Westbury Lagged Returns
When evaluating Old Westbury's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Old Westbury mutual fund have on its future price. Old Westbury 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, Old Westbury autocorrelation shows the relationship between Old Westbury mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Old Westbury Large.
Regressed Prices |
| Timeline |
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Old Westbury 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.