Westwood Largecap Value Fund Market Value
| WWLAX Fund | USD 13.81 0.10 0.73% |
| Symbol | Westwood |
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.
| 01/24/2024 |
| 04/23/2024 |
If you would invest 0.00 in Westwood Largecap on January 24, 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 90 days. Westwood Largecap is related to or competes with Westwood Short, Westwood Total, Westwood Alternative, Westwood High, Westwood Income, Westwood Income, and Westwood Quality. 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.
| Downside Deviation | 0.6928 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 2.67 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 0.7669 |
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.| Risk Adjusted Performance | 0.0842 | |||
| Jensen Alpha | 2.0E-4 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0795 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that 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.
Westwood Largecap Value Backtested Returns
We consider Westwood Largecap very steady. Westwood Largecap Value shows Sharpe Ratio of 0.12, which attests that the fund had a 0.12% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westwood Largecap Value, which you can use to evaluate the volatility of the fund. Please check out Westwood Largecap's Mean Deviation of 0.4264, downside deviation of 0.6928, and Market Risk Adjusted Performance of 0.0895 to validate if the risk estimate we provide is consistent with the expected return of 0.069%. The entity maintains a market beta of 0.85, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westwood Largecap's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Largecap is expected to be smaller as well.
Auto-correlation | -0.63 |
Very good reverse predictability
Westwood Largecap Value has very good reverse predictability. Overlapping area represents the amount of predictability between Westwood Largecap time series from 24th of January 2024 to 9th of March 2024 and 9th of March 2024 to 23rd 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 Largecap Value price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Westwood Largecap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
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 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 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
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.