Westwood Income Opportunity Fund Market Value
| WWICX Fund | USD 12.36 0.02 0.16% |
| Symbol | Westwood |
Westwood Income '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 Income'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 Income.
| 05/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Westwood Income on May 9, 2023 and sell it all today you would earn a total of 0.00 from holding Westwood Income Opportunity or generate 0.0% return on investment in Westwood Income over 570 days. Westwood Income is related to or competes with Qs Growth, Volumetric Fund, Omni Small-cap, Rbc Funds, Semiconductor Ultrasector, and Shelton Funds. Under normal circumstances, the fund seeks to meet its investment objectives by investing generally more than 80 percent... More
Westwood Income 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 Income'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 Income Opportunity upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.3727 | |||
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 1.57 | |||
| Value At Risk | (0.65) | |||
| Potential Upside | 0.665 |
Westwood Income Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Income's standard deviation. In reality, there are many statistical measures that can use Westwood Income historical prices to predict the future Westwood Income's volatility.| Risk Adjusted Performance | 0.1079 | |||
| Jensen Alpha | 0.002 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.18) | |||
| Treynor Ratio | 0.1204 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westwood Income'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 Income Oppo Backtested Returns
At this stage we consider Westwood Mutual Fund to be very steady. Westwood Income Oppo shows Sharpe Ratio of 0.18, which attests that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Westwood Income Oppo, which you can use to evaluate the volatility of the fund. Please check out Westwood Income's Market Risk Adjusted Performance of 0.1304, mean deviation of 0.281, and Downside Deviation of 0.3727 to validate if the risk estimate we provide is consistent with the expected return of 0.0662%. The entity maintains a market beta of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westwood Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Income is expected to be smaller as well.
Auto-correlation | 0.56 |
Modest predictability
Westwood Income Opportunity has modest predictability. Overlapping area represents the amount of predictability between Westwood Income time series from 9th of May 2023 to 18th of February 2024 and 18th of February 2024 to 29th 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 Income Oppo price movement. The serial correlation of 0.56 indicates that roughly 56.0% of current Westwood Income price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.56 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
Westwood Income Oppo lagged returns against current returns
Autocorrelation, which is Westwood Income 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 Income's mutual fund expected returns. We can calculate the autocorrelation of Westwood Income returns to help us make a trade decision. For example, suppose you find that Westwood Income 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 Income 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 Income mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwood Income 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 Income mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westwood Income Lagged Returns
When evaluating Westwood Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwood Income mutual fund have on its future price. Westwood Income 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 Income autocorrelation shows the relationship between Westwood Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westwood Income Opportunity.
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 Income 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 Income security.
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