Westwood Largecap Value Fund Market Value

WWLAX Fund  USD 13.85  0.05  0.36%   
Westwood Largecap's market value is the price at which a share of Westwood Largecap stock trades on a public exchange. It measures the collective expectations of Westwood Largecap Value investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Westwood Largecap Value and determine expected loss or profit from investing in Westwood Largecap over a given investment horizon.
Check out Westwood Largecap Correlation, Westwood Largecap Volatility and Westwood Largecap Alpha and Beta module to complement your research on Westwood Largecap.
Symbol

Please note, there is a significant difference between Westwood Largecap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westwood Largecap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westwood Largecap'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.

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.
0.00
02/17/2024
No Change 0.00  0.0 
In 31 days
03/18/2024
0.00
If you would invest  0.00  in Westwood Largecap on February 17, 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 Westwood Short, Westwood Total, Westwood Alternative, Westwood High, Westwood Income, Westwood Income, and Ultimus Managers. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Westwood Largecap'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. Please use the tools below to analyze the current value of Westwood Largecap in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
13.3513.8614.37
Details
Intrinsic
Valuation
LowRealHigh
13.2413.7514.26
Details
Naive
Forecast
LowNextHigh
13.3913.9014.41
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.0113.4713.93
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Westwood Largecap. Your research has to be compared to or analyzed against Westwood Largecap's peers to derive any actionable benefits. When done correctly, Westwood Largecap'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 Westwood Largecap Value.

Westwood Largecap Value Backtested Returns

We consider Westwood Largecap very steady. Westwood Largecap Value shows Sharpe Ratio of 0.17, which attests that the fund had 0.17% return per unit of risk over the last 3 months. Our standpoint towards determining the volatility of a fund is to use all available market data together with fund-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Westwood Largecap Value, which you can use to evaluate the future volatility of the fund. Please check out Westwood Largecap's Market Risk Adjusted Performance of 0.1427, downside deviation of 0.6516, and Mean Deviation of 0.4034 to validate if the risk estimate we provide is consistent with the expected return of 0.0876%. The entity maintains a market beta of 0.78, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westwood Largecap returns are expected to increase less than the market. However, during the bear market, the loss on holding Westwood Largecap will be expected to be smaller as well. By examining Westwood Largecap Value technical indicators, you can presently evaluate if the expected return of 0.0876% will be sustainable into the future.

Auto-correlation

    
  0.76  

Good predictability

Westwood Largecap Value has good predictability. Overlapping area represents the amount of predictability between Westwood Largecap time series from 17th of February 2024 to 3rd of March 2024 and 3rd of March 2024 to 18th 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 Westwood Largecap Value price movement. The serial correlation of 0.76 indicates that around 76.0% of current Westwood Largecap price fluctuation can be explain by its past prices.
Correlation Coefficient0.76
Spearman Rank Test0.59
Residual Average0.0
Price Variance0.01

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 mutual fund has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the stock 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  

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 Largecap 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 Largecap's short interest history, or implied volatility extrapolated from Westwood Largecap 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 Largecap Correlation, Westwood Largecap Volatility and Westwood Largecap Alpha and Beta module to complement your research on Westwood Largecap.
Note that the Westwood Largecap Value information on this page should be used as a complementary analysis to other Westwood Largecap's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.

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When running Westwood Largecap's price analysis, check to measure Westwood Largecap'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 Westwood Largecap is operating at the current time. Most of Westwood Largecap's value examination focuses on studying past and present price action to predict the probability of Westwood Largecap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westwood Largecap's price. Additionally, you may evaluate how the addition of Westwood Largecap to your portfolios can decrease your overall portfolio volatility.
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Westwood Largecap 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 Westwood Largecap technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Westwood Largecap 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...