Westcore Plus Bond Fund Market Value
| WTIBX Fund | USD 9.41 0.02 0.21% |
| Symbol | Westcore |
Westcore Plus '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 Westcore Plus' 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 Westcore Plus.
| 02/01/2024 |
| 11/27/2024 |
If you would invest 0.00 in Westcore Plus on February 1, 2024 and sell it all today you would earn a total of 0.00 from holding Westcore Plus Bond or generate 0.0% return on investment in Westcore Plus over 300 days. Westcore Plus is related to or competes with Pimco Income, HUMANA, Barloworld, Morningstar Unconstrained, Thrivent High, High-yield Municipal, and Via Renewables. Under normal circumstances, the fund will invest at least eighty percent of the value of its net assets, plus any borrow... More
Westcore Plus 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 Westcore Plus' 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 Westcore Plus Bond upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.51) | |||
| Maximum Drawdown | 1.28 | |||
| Value At Risk | (0.63) | |||
| Potential Upside | 0.4219 |
Westcore Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westcore Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westcore Plus' standard deviation. In reality, there are many statistical measures that can use Westcore Plus historical prices to predict the future Westcore Plus' volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 0.648 |
Westcore Plus Bond Backtested Returns
Westcore Plus Bond shows Sharpe Ratio of -0.0538, which attests that the fund had a -0.0538% return per unit of risk over the last 3 months. Westcore Plus Bond exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westcore Plus' Market Risk Adjusted Performance of 0.658, mean deviation of 0.212, and Standard Deviation of 0.2944 to validate the risk estimate we provide. The entity maintains a market beta of -0.0444, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Westcore Plus are expected to decrease at a much lower rate. During the bear market, Westcore Plus is likely to outperform the market.
Auto-correlation | -0.43 |
Modest reverse predictability
Westcore Plus Bond has modest reverse predictability. Overlapping area represents the amount of predictability between Westcore Plus time series from 1st of February 2024 to 30th of June 2024 and 30th of June 2024 to 27th 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 Westcore Plus Bond price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Westcore Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Westcore Plus Bond lagged returns against current returns
Autocorrelation, which is Westcore Plus 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 Westcore Plus' mutual fund expected returns. We can calculate the autocorrelation of Westcore Plus returns to help us make a trade decision. For example, suppose you find that Westcore Plus 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 |
Westcore Plus 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 Westcore Plus mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westcore Plus mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westcore Plus mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westcore Plus Lagged Returns
When evaluating Westcore Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westcore Plus mutual fund have on its future price. Westcore Plus 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, Westcore Plus autocorrelation shows the relationship between Westcore Plus mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westcore Plus Bond.
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 Westcore Mutual Fund
Westcore Plus financial ratios help investors to determine whether Westcore 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 Westcore with respect to the benefits of owning Westcore Plus security.
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