Westwood Short Duration Fund Market Value
| WHGHX Fund | USD 10.17 0.07 0.69% |
| Symbol | Westwood |
Westwood Short '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 Westwood Short'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 Westwood Short.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Westwood Short on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Westwood Short Duration or generate 0.0% return on investment in Westwood Short over 30 days. Westwood Short is related to or competes with Westwood Alternative, Westwood Income, Westwood Income, Westwood Quality, Westwood Largecap, Westwood Quality, and Westwood Quality. The fund has flexibility to achieve its investment objective and invests in a broad range of income-producing securities... More
Westwood Short 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 Westwood Short'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 Westwood Short Duration upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2769 | |||
| Information Ratio | (0.35) | |||
| Maximum Drawdown | 1.41 | |||
| Value At Risk | (0.30) | |||
| Potential Upside | 0.4024 |
Westwood Short Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Short's standard deviation. In reality, there are many statistical measures that can use Westwood Short historical prices to predict the future Westwood Short's volatility.| Risk Adjusted Performance | 0.1036 | |||
| Jensen Alpha | 0.0064 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.32) | |||
| Treynor Ratio | 0.1519 |
Westwood Short Duration Backtested Returns
At this stage we consider Westwood Mutual Fund to be very steady. Westwood Short Duration shows Sharpe Ratio of 0.13, which attests that the fund had a 0.13% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Westwood Short Duration, which you can use to evaluate the volatility of the fund. Please check out Westwood Short's Market Risk Adjusted Performance of 0.1619, downside deviation of 0.2769, and Mean Deviation of 0.2067 to validate if the risk estimate we provide is consistent with the expected return of 0.0331%. The entity maintains a market beta of 0.21, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westwood Short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Short is expected to be smaller as well.
Auto-correlation | 0.72 |
Good predictability
Westwood Short Duration has good predictability. Overlapping area represents the amount of predictability between Westwood Short time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Westwood Short Duration price movement. The serial correlation of 0.72 indicates that around 72.0% of current Westwood Short price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westwood Short Duration lagged returns against current returns
Autocorrelation, which is Westwood Short 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 Westwood Short's mutual fund expected returns. We can calculate the autocorrelation of Westwood Short returns to help us make a trade decision. For example, suppose you find that Westwood Short 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 |
Westwood Short 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 Westwood Short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwood Short mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westwood Short mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westwood Short Lagged Returns
When evaluating Westwood Short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwood Short mutual fund have on its future price. Westwood Short 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, Westwood Short autocorrelation shows the relationship between Westwood Short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westwood Short Duration.
Regressed Prices |
| Timeline |
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.Other Information on Investing in Westwood Mutual Fund
Westwood Short financial ratios help investors to determine whether Westwood Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Westwood with respect to the benefits of owning Westwood Short security.
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