Westwood Smallcap Value Fund Market Value
| WHGSX Fund | USD 23.69 0.38 1.63% |
| Symbol | Westwood |
Westwood Smallcap '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 Smallcap'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 Smallcap.
| 12/07/2022 |
| 11/26/2024 |
If you would invest 0.00 in Westwood Smallcap on December 7, 2022 and sell it all today you would earn a total of 0.00 from holding Westwood Smallcap Value or generate 0.0% return on investment in Westwood Smallcap over 720 days. Westwood Smallcap is related to or competes with Westwood Smidcap, Westwood Income, Westwood Largecap, Invesco DWA, and Diamond Hill. The fund invests at least 80 percent of its net assets, plus any borrowings for investment purposes, in equity securitie... More
Westwood Smallcap 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 Smallcap'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 Smallcap Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.03 | |||
| Information Ratio | 0.0077 | |||
| Maximum Drawdown | 8.22 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.03 |
Westwood Smallcap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Smallcap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Smallcap's standard deviation. In reality, there are many statistical measures that can use Westwood Smallcap historical prices to predict the future Westwood Smallcap's volatility.| Risk Adjusted Performance | 0.0858 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0099 | |||
| Treynor Ratio | 0.0896 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westwood Smallcap'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.
Westwood Smallcap Value Backtested Returns
At this stage we consider Westwood Mutual Fund to be very steady. Westwood Smallcap Value shows Sharpe Ratio of 0.1, which attests that the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westwood Smallcap Value, which you can use to evaluate the volatility of the fund. Please check out Westwood Smallcap's Market Risk Adjusted Performance of 0.0996, downside deviation of 1.03, and Mean Deviation of 0.8797 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The entity maintains a market beta of 1.46, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Westwood Smallcap will likely underperform.
Auto-correlation | 0.02 |
Virtually no predictability
Westwood Smallcap Value has virtually no predictability. Overlapping area represents the amount of predictability between Westwood Smallcap time series from 7th of December 2022 to 2nd of December 2023 and 2nd of December 2023 to 26th 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 Smallcap Value price movement. The serial correlation of 0.02 indicates that only 2.0% of current Westwood Smallcap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.93 |
Westwood Smallcap Value lagged returns against current returns
Autocorrelation, which is Westwood Smallcap 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 Smallcap's mutual fund expected returns. We can calculate the autocorrelation of Westwood Smallcap returns to help us make a trade decision. For example, suppose you find that Westwood Smallcap 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 Smallcap 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 Smallcap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwood Smallcap 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 Smallcap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westwood Smallcap Lagged Returns
When evaluating Westwood Smallcap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwood Smallcap mutual fund have on its future price. Westwood Smallcap 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 Smallcap autocorrelation shows the relationship between Westwood Smallcap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westwood Smallcap Value.
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 Smallcap 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 Smallcap security.
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