Westwood LargeCap Value Backtested Returns
Macroaxis considers Westwood LargeCap to be not very risky. Westwood LargeCap Value
shows Sharpe Ratio of -0.1723 which attests that Westwood LargeCap Value
had -0.1723% of return per unit of risk over the last 1 month. Macroaxis philosophy towards determining risk of any fund is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators
. Westwood LargeCap Value exposes twenty-one different technical indicators
which can help you to evaluate volatility that cannot be diversified away. Please be advised to check out Westwood LargeCap Value Market Risk Adjusted Performance
of 0.40 and Mean Deviation of 0.7235 to validate risk estimate we provide. The entity maintains market beta of 0.3568 which attests that as returns on market increase, Westwood LargeCap returns are expected to increase less than the market. However during bear market, the loss on holding Westwood LargeCap will be expected to be smaller as well.. Even though it is essential to pay attention to Westwood LargeCap Value historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining future performance of any fund is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Westwood LargeCap Value exposes twenty-one different technical indicators which can help you to evaluate its performance.
|15 days auto-correlation|| 0.16 |
Very weak predictability
Westwood LargeCap Value A has very weak predictability. Overlapping area represents the amount of predictability between Westwood LargeCap time series from January 23, 2018 to February 7, 2018 and February 7, 2018 to February 22, 2018. 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 0.16 indicates that over 16.0% of current Westwood LargeCap price fluctuation can be explain by its past prices.
|Correlation Coefficient|| 0.16|
|Spearman Rank Test|| -0.38|
|Price Variance|| 0.01|
|Average Price|| 13.12|
Westwood LargeCap Lagged Returns