Westcore Global Large Cap Fund Market Value

WTMVX Fund  USD 11.14  0.07  0.62%   
Westcore Global's market value is the price at which a share of Westcore Global trades on a public exchange. It measures the collective expectations of Westcore Global Large Cap investors about its performance. Westcore Global is trading at 11.14 as of the 28th of March 2024; that is -0.62 percent decrease since the beginning of the trading day. The fund's open price was 11.21.
With this module, you can estimate the performance of a buy and hold strategy of Westcore Global Large Cap and determine expected loss or profit from investing in Westcore Global over a given investment horizon. Check out Westcore Global Correlation, Westcore Global Volatility and Westcore Global Alpha and Beta module to complement your research on Westcore Global.
Symbol

Please note, there is a significant difference between Westcore Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westcore Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westcore Global's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Westcore Global '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 Global'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 Westcore Global.
0.00
02/27/2024
No Change 0.00  0.0 
In 31 days
03/28/2024
0.00
If you would invest  0.00  in Westcore Global on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Westcore Global Large Cap or generate 0.0% return on investment in Westcore Global over 30 days. Westcore Global is related to or competes with Westcore Orado, Westcore Plus, Westcore Global, Westcore Flexible, Westcore Small, Westcore Municipal, and Segall Bryant. Under normal circumstances, the fund will invest at least 80 percent of the value of its net assets in equity securities... More

Westcore Global 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 Global'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 Westcore Global Large Cap upside and downside potential and time the market with a certain degree of confidence.

Westcore Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Westcore Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westcore Global's standard deviation. In reality, there are many statistical measures that can use Westcore Global historical prices to predict the future Westcore Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westcore Global'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.
Hype
Prediction
LowEstimatedHigh
10.4511.1411.83
Details
Intrinsic
Valuation
LowRealHigh
10.0312.0012.69
Details
Naive
Forecast
LowNextHigh
10.4111.1011.79
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.1311.1411.15
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Westcore Global. Your research has to be compared to or analyzed against Westcore Global's peers to derive any actionable benefits. When done correctly, Westcore Global's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Westcore Global Large-cap.

Westcore Global Large-cap Backtested Returns

We consider Westcore Global very steady. Westcore Global Large-cap shows Sharpe Ratio of 0.19, which attests that the fund had a 0.19% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Westcore Global Large-cap, which you can use to evaluate the volatility of the fund. Please check out Westcore Global's Market Risk Adjusted Performance of 5.1, mean deviation of 0.5379, and Downside Deviation of 0.6459 to validate if the risk estimate we provide is consistent with the expected return of 0.13%. The entity maintains a market beta of 0.0271, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westcore Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westcore Global is expected to be smaller as well.

Auto-correlation

    
  0.21  

Weak predictability

Westcore Global Large Cap has weak predictability. Overlapping area represents the amount of predictability between Westcore Global time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Global Large-cap price movement. The serial correlation of 0.21 indicates that over 21.0% of current Westcore Global price fluctuation can be explain by its past prices.
Correlation Coefficient0.21
Spearman Rank Test0.22
Residual Average0.0
Price Variance0.0

Westcore Global Large-cap lagged returns against current returns

Autocorrelation, which is Westcore Global 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 Global's mutual fund expected returns. We can calculate the autocorrelation of Westcore Global returns to help us make a trade decision. For example, suppose you find that Westcore Global 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 Global 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 Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westcore Global 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 Global mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Westcore Global Lagged Returns

When evaluating Westcore Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westcore Global mutual fund have on its future price. Westcore Global 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 Global autocorrelation shows the relationship between Westcore Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westcore Global Large Cap.
   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 Westcore Global 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, Westcore Global's short interest history, or implied volatility extrapolated from Westcore Global 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 Westcore Global Correlation, Westcore Global Volatility and Westcore Global Alpha and Beta module to complement your research on Westcore Global.
You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.

Complementary Tools for Westcore Mutual Fund analysis

When running Westcore Global's price analysis, check to measure Westcore Global's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westcore Global is operating at the current time. Most of Westcore Global's value examination focuses on studying past and present price action to predict the probability of Westcore Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westcore Global's price. Additionally, you may evaluate how the addition of Westcore Global to your portfolios can decrease your overall portfolio volatility.
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Price Exposure Probability
Analyze equity upside and downside potential for a given time horizon across multiple markets
Portfolio Comparator
Compare the composition, asset allocations and performance of any two portfolios in your account
Companies Directory
Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals
Stock Tickers
Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites
Stock Screener
Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook.
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Westcore Global 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.
A focus of Westcore Global technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Westcore Global trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...