Westcore Global Large Cap Fund Market Value
| WTMVX Fund | USD 10.64 0.02 0.19% |
| Symbol | Westcore |
Westcore Global '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 Westcore Global'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 Westcore Global.
| 06/28/2022 |
| 04/18/2024 |
If you would invest 0.00 in Westcore Global on June 28, 2022 and sell it all today you would earn a total of 0.00 from holding Westcore Global Large Cap or generate 0.0% return on investment in Westcore Global over 660 days. Westcore Global is related to or competes with Commonwealth Real, Gamco Global, HUMANA, Thrivent High, Via Renewables, T Rowe, and Victory Sophus. Under normal circumstances, the fund will invest at least 80 percent of the value of its net assets in equity securities... More
Westcore Global 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 Westcore Global'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 Westcore Global Large Cap upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.7088 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 3.23 | |||
| Value At Risk | (1.08) | |||
| Potential Upside | 1.17 |
Westcore Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westcore Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westcore Global's standard deviation. In reality, there are many statistical measures that can use Westcore Global historical prices to predict the future Westcore Global's volatility.| Risk Adjusted Performance | 0.0377 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0317 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westcore Global'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.
Westcore Global Large Backtested Returns
We consider Westcore Global very steady. Westcore Global Large shows Sharpe Ratio of 0.0482, which attests that the fund had a 0.0482% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westcore Global Large, which you can use to evaluate the volatility of the fund. Please check out Westcore Global's Downside Deviation of 0.7088, market risk adjusted performance of 0.0417, and Mean Deviation of 0.5624 to validate if the risk estimate we provide is consistent with the expected return of 0.0341%. The entity maintains a market beta of 0.99, which attests to possible diversification benefits within a given portfolio. Westcore Global returns are very sensitive to returns on the market. As the market goes up or down, Westcore Global is expected to follow.
Auto-correlation | 0.66 |
Good predictability
Westcore Global Large Cap has good predictability. Overlapping area represents the amount of predictability between Westcore Global time series from 28th of June 2022 to 24th of May 2023 and 24th of May 2023 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 Westcore Global Large price movement. The serial correlation of 0.66 indicates that around 66.0% of current Westcore Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.66 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.42 |
Westcore Global Large lagged returns against current returns
Autocorrelation, which is Westcore Global 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 Westcore Global's mutual fund expected returns. We can calculate the autocorrelation of Westcore Global returns to help us make a trade decision. For example, suppose you find that Westcore Global 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 |
Westcore Global 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 Westcore Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westcore Global mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Westcore Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westcore Global Lagged Returns
When evaluating Westcore Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westcore Global mutual fund have on its future price. Westcore Global 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, Westcore Global autocorrelation shows the relationship between Westcore Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westcore Global Large Cap.
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 Westcore Global 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, Westcore Global's short interest history, or implied volatility extrapolated from Westcore Global 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 Westcore Global Correlation, Westcore Global Volatility and Westcore Global Alpha and Beta module to complement your research on Westcore Global. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Westcore Global 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.