Westwood Low Volatility Fund Market Value
| WLVIX Fund | USD 6.64 0.01 0.15% |
| Symbol | Westwood |
Westwood Low '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 Low'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 Low.
| 03/19/2024 |
| 04/18/2024 |
If you would invest 0.00 in Westwood Low on March 19, 2024 and sell it all today you would earn a total of 0.00 from holding Westwood Low Volatility or generate 0.0% return on investment in Westwood Low over 30 days. Westwood Low is related to or competes with HUMANA, and Spring Valley. The fund has significant flexibility to achieve its investment objective and invests in a broad range of securities, inc... More
Westwood Low 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 Low'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 Low Volatility upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.562 | |||
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 1.96 | |||
| Value At Risk | (0.74) | |||
| Potential Upside | 0.6051 |
Westwood Low Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Low's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Low's standard deviation. In reality, there are many statistical measures that can use Westwood Low historical prices to predict the future Westwood Low's volatility.| Risk Adjusted Performance | 0.0134 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.08) | |||
| Treynor Ratio | 0.0037 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westwood Low'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 Low Volatility Backtested Returns
We consider Westwood Low very steady. Westwood Low Volatility shows Sharpe Ratio of 0.0293, which attests that the fund had a 0.0293% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Westwood Low Volatility, which you can use to evaluate the volatility of the fund. Please check out Westwood Low's Mean Deviation of 0.3549, market risk adjusted performance of 0.0137, and Downside Deviation of 0.562 to validate if the risk estimate we provide is consistent with the expected return of 0.0129%. The entity maintains a market beta of 0.65, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westwood Low's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Low is expected to be smaller as well.
Auto-correlation | -0.33 |
Poor reverse predictability
Westwood Low Volatility has poor reverse predictability. Overlapping area represents the amount of predictability between Westwood Low time series from 19th of March 2024 to 3rd of April 2024 and 3rd of April 2024 to 18th 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 Low Volatility price movement. The serial correlation of -0.33 indicates that nearly 33.0% of current Westwood Low price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.33 | |
| Spearman Rank Test | -0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westwood Low Volatility lagged returns against current returns
Autocorrelation, which is Westwood Low 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 Low's mutual fund expected returns. We can calculate the autocorrelation of Westwood Low returns to help us make a trade decision. For example, suppose you find that Westwood Low 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 Low 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 Low mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westwood Low 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 Low mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westwood Low Lagged Returns
When evaluating Westwood Low's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwood Low mutual fund have on its future price. Westwood Low 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 Low autocorrelation shows the relationship between Westwood Low mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westwood Low Volatility.
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 Low 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 Low's short interest history, or implied volatility extrapolated from Westwood Low 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 Low Correlation, Westwood Low Volatility and Westwood Low Alpha and Beta module to complement your research on Westwood Low. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Westwood Low 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.