Westwood Market Neutral Fund Market Value
| WMNUX Fund | USD 9.73 0.01 0.10% |
| Symbol | Westwood |
Westwood Market '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 Market'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 Market.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Westwood Market on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Westwood Market Neutral or generate 0.0% return on investment in Westwood Market over 30 days. Westwood Market is related to or competes with Health Care, Allianzgi Health, Fidelity Advisor, Alphacentric Lifesci, Invesco Global, Baron Health, and Highland Longshort. The fund employs an absolute return strategy, which means that it seeks to earn a positive total return through a combin... More
Westwood Market 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 Market'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 Market Neutral upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1082 | |||
| Information Ratio | (1.26) | |||
| Maximum Drawdown | 0.4162 | |||
| Value At Risk | (0.10) | |||
| Potential Upside | 0.1047 |
Westwood Market Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Market's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Market's standard deviation. In reality, there are many statistical measures that can use Westwood Market historical prices to predict the future Westwood Market's volatility.| Risk Adjusted Performance | 0.1722 | |||
| Jensen Alpha | 0.0099 | |||
| Total Risk Alpha | 0.0039 | |||
| Sortino Ratio | (1.01) | |||
| Treynor Ratio | 0.2786 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westwood Market'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 Market Neutral Backtested Returns
At this stage we consider Westwood Mutual Fund to be very steady. Westwood Market Neutral shows Sharpe Ratio of 0.33, which attests that the fund had a 0.33% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westwood Market Neutral, which you can use to evaluate the volatility of the fund. Please check out Westwood Market's Coefficient Of Variation of 305.0, market risk adjusted performance of 0.2886, and Mean Deviation of 0.0711 to validate if the risk estimate we provide is consistent with the expected return of 0.029%. The entity maintains a market beta of 0.0658, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westwood Market's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Market is expected to be smaller as well.
Auto-correlation | 0.69 |
Good predictability
Westwood Market Neutral has good predictability. Overlapping area represents the amount of predictability between Westwood Market time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Market Neutral price movement. The serial correlation of 0.69 indicates that around 69.0% of current Westwood Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westwood Market Neutral lagged returns against current returns
Autocorrelation, which is Westwood Market 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 Market's mutual fund expected returns. We can calculate the autocorrelation of Westwood Market returns to help us make a trade decision. For example, suppose you find that Westwood Market 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 Market 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 Market mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwood Market 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 Market mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westwood Market Lagged Returns
When evaluating Westwood Market's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwood Market mutual fund have on its future price. Westwood Market 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 Market autocorrelation shows the relationship between Westwood Market mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westwood Market Neutral.
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 Market 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 Market security.
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