Westwood Market Neutral Fund Market Value
| WMNUX Fund | USD 9.36 0.01 0.11% |
| 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.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Westwood Market on March 19, 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 Absolute Convertible, and Absolute Convertible. 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 | 0.1586 | |||
| Information Ratio | (0.52) | |||
| Maximum Drawdown | 0.536 | |||
| Value At Risk | (0.11) | |||
| Potential Upside | 0.1075 |
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 | 0.0084 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | (0.29) | |||
| Treynor Ratio | 0.0404 |
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
We consider Westwood Market very steady. Westwood Market Neutral shows Sharpe Ratio of 0.14, which attests that the fund had a 0.14% 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 Market Risk Adjusted Performance of 0.0504, mean deviation of 0.0593, and Coefficient Of Variation of 894.62 to validate if the risk estimate we provide is consistent with the expected return of 0.0121%. The entity maintains a market beta of -0.0054, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Westwood Market are expected to decrease at a much lower rate. During the bear market, Westwood Market is likely to outperform the market.
Auto-correlation | -0.36 |
Poor reverse predictability
Westwood Market Neutral has poor reverse predictability. Overlapping area represents the amount of predictability between Westwood Market time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th of April 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 -0.36 indicates that just about 36.0% of current Westwood Market price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.36 | |
| Spearman Rank Test | -0.91 | |
| 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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Westwood Market in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Westwood Market's short interest history, or implied volatility extrapolated from Westwood Market options trading.
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.Check out Westwood Market Correlation, Westwood Market Volatility and Westwood Market Alpha and Beta module to complement your research on Westwood Market. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Westwood Market technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.