Westwood Largecap Value Fund Market Value
| WWLAX Fund | USD 15.48 0.03 0.19% |
| Symbol | Westwood |
Westwood Largecap '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 Largecap'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 Largecap.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Westwood Largecap on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Westwood Largecap Value or generate 0.0% return on investment in Westwood Largecap over 30 days. Westwood Largecap is related to or competes with Ab Global, Scharf Global, Pimco Global, Wasatch Global, Commonwealth Global, Us Global, and Morgan Stanley. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More
Westwood Largecap 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 Largecap'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 Largecap Value upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.5495 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 3.95 | |||
| Value At Risk | (0.95) | |||
| Potential Upside | 1.15 |
Westwood Largecap Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Largecap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Largecap's standard deviation. In reality, there are many statistical measures that can use Westwood Largecap historical prices to predict the future Westwood Largecap's volatility.| Risk Adjusted Performance | 0.0891 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0859 |
Westwood Largecap Value Backtested Returns
At this stage we consider Westwood Mutual Fund to be very steady. Westwood Largecap Value 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-seven technical indicators for Westwood Largecap Value, which you can use to evaluate the volatility of the fund. Please check out Westwood Largecap's Market Risk Adjusted Performance of 0.0959, downside deviation of 0.5495, and Mean Deviation of 0.5493 to validate if the risk estimate we provide is consistent with the expected return of 0.092%. The entity maintains a market beta of 0.84, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westwood Largecap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Largecap is expected to be smaller as well.
Auto-correlation | 0.93 |
Excellent predictability
Westwood Largecap Value has excellent predictability. Overlapping area represents the amount of predictability between Westwood Largecap time series from 30th of October 2024 to 14th of November 2024 and 14th of November 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 Largecap Value price movement. The serial correlation of 0.93 indicates that approximately 93.0% of current Westwood Largecap price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.93 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Westwood Largecap Value lagged returns against current returns
Autocorrelation, which is Westwood Largecap 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 Largecap's mutual fund expected returns. We can calculate the autocorrelation of Westwood Largecap returns to help us make a trade decision. For example, suppose you find that Westwood Largecap 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 Largecap 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 Largecap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwood Largecap 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 Largecap mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westwood Largecap Lagged Returns
When evaluating Westwood Largecap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwood Largecap mutual fund have on its future price. Westwood Largecap 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 Largecap autocorrelation shows the relationship between Westwood Largecap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westwood Largecap 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 Largecap 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 Largecap security.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios |