Westwood Largecap Net Asset vs. Price to Book
| WWLAX Fund | USD 13.82 0.01 0.07% |
For Westwood Largecap profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Westwood Largecap to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Westwood Largecap Value utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Westwood Largecap's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Westwood Largecap Value over time as well as its relative position and ranking within its peers.
Westwood |
Westwood Largecap Value Price to Book vs. Net Asset Fundamental Analysis
Westwood Price to Book vs. Net Asset
Net Asset is the current market value of a fund less its liabilities. In a nutshell, if the fund is liquidated or all of the assets is sold out, the net asset will be the amount that the shareholders would demand back from the fund.
Westwood Largecap |
| = | 240.88 M |
Net Asset is the value used in calculating NAV of a fund. NAV (or Net Asset Value) is computed once a day based on the formula that uses closing prices of all positions in the fund's portfolio.
Westwood Largecap | = | null |
Use Westwood Largecap in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Westwood Largecap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Westwood Largecap will appreciate offsetting losses from the drop in the long position's value.Westwood Largecap Pair Trading
Westwood Largecap Value Pair Trading Analysis
The ability to find closely correlated positions to Westwood Largecap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Westwood Largecap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Westwood Largecap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Westwood Largecap Value to buy it.
The correlation of Westwood Largecap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Westwood Largecap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Westwood Largecap Value moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Westwood Largecap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Westwood Largecap position
In addition to having Westwood Largecap in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Hotels Thematic Idea Now
Hotels
Hotels, inns, motels, and other companies providing lodging and hospitality services. The Hotels theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Hotels Theme or any other thematic opportunities.
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Check out Your Current Watchlist. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.
To fully project Westwood Largecap's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Westwood Largecap Value at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Westwood Largecap's income statement, its balance sheet, and the statement of cash flows.