Westcore Plus Bond Fund Manager Performance Evaluation
WIIBX Fund | USD 9.36 0.03 0.32% |
The entity maintains a market beta of -0.0408, 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.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Westcore Plus Bond has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong fundamental drivers, Westcore Plus is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
...moreExpense Ratio Date | 1st of May 2023 | |
Expense Ratio | 0.4000 |
Westcore |
Westcore Plus Relative Risk vs. Return Landscape
If you would invest 942.00 in Westcore Plus Bond on September 1, 2024 and sell it today you would lose (6.00) from holding Westcore Plus Bond or give up 0.64% of portfolio value over 90 days. Westcore Plus Bond is currently producing negative expected returns and takes up 0.2985% volatility of returns over 90 trading days. Put another way, 2% of traded mutual funds are less volatile than Westcore, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
Risk |
Westcore Plus Current Valuation
Overvalued
Today
Please note that Westcore Plus' price fluctuation is very steady at this time. At this time, the fund appears to be overvalued. Westcore Plus Bond maintains a prevalent Real Value of $9.14 per share. The last-minute price of the fund is $9.36. We determine the value of Westcore Plus Bond from examining fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued mutual funds and dropping overvalued mutual funds since, at some point, mutual fund prices and their ongoing real values will grow together.
Since Westcore Plus is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Westcore Mutual Fund. However, Westcore Plus' intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value. Historical | Market 9.36 | Real 9.14 | Hype 9.36 | Naive 9.39 |
The intrinsic value of Westcore Plus' stock can be calculated using various methods such as discounted cash flow analysis, price-to-earnings ratio, or price-to-book ratio. That value may differ from its current market price, which is determined by supply and demand factors such as investor sentiment, market trends, news, and other external factors that may influence Westcore Plus' stock price. It is important to note that the real value of any stock may change over time based on changes in the company's performance.
Estimating the potential upside or downside of Westcore Plus Bond helps investors to forecast how Westcore mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Westcore Plus more accurately as focusing exclusively on Westcore Plus' fundamentals will not take into account other important factors: Westcore Plus Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westcore Plus' investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Westcore Plus Bond, and traders can use it to determine the average amount a Westcore Plus' price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.032
Best Portfolio | Best Equity | |||
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Cash | Small Risk | Average Risk | High Risk | Huge Risk |
Negative Returns | WIIBX |
Estimated Market Risk
0.3 actual daily | 2 98% of assets are more volatile |
Expected Return
-0.01 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Westcore Plus is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Westcore Plus by adding Westcore Plus to a well-diversified portfolio.
Westcore Plus Fundamentals Growth
Westcore Mutual Fund prices reflect investors' perceptions of the future prospects and financial health of Westcore Plus, and Westcore Plus fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on Westcore Mutual Fund performance.
Total Asset | 398.13 M | ||||
About Westcore Plus Performance
Evaluating Westcore Plus' performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if Westcore Plus has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Westcore Plus has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
Under normal circumstances, the fund will invest at least eighty percent of the value of its net assets, plus any borrowings for investment purposes, in bonds of varying maturities. Bonds for purposes of this limitation include corporate bonds, convertible bonds, government and agency securities, mortgage-backed securities, asset-backed securities, and zero coupon bonds.Things to note about Westcore Plus Bond performance evaluation
Checking the ongoing alerts about Westcore Plus for important developments is a great way to find new opportunities for your next move. Mutual Fund alerts and notifications screener for Westcore Plus Bond help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.Westcore Plus Bond generated a negative expected return over the last 90 days | |
The fund generated three year return of -1.0% | |
Westcore Plus Bond keeps about 98.32% of its net assets in bonds |
- Analyzing Westcore Plus' financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Westcore Plus' stock is overvalued or undervalued compared to its peers.
- Examining Westcore Plus' industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating Westcore Plus' management team can have a significant impact on its success or failure. Reviewing the track record and experience of Westcore Plus' management team can help you assess the Mutual Fund's leadership.
- Pay attention to analyst opinions and ratings of Westcore Plus' mutual fund. These opinions can provide insight into Westcore Plus' potential for growth and whether the stock is currently undervalued or overvalued.
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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