Westcore Small Cap Growth Fund Market Value

WTSGX Fund  USD 19.13  0.02  0.10%   
Westcore Small-cap's market value is the price at which a share of Westcore Small-cap trades on a public exchange. It measures the collective expectations of Westcore Small Cap Growth investors about its performance. Westcore Small-cap is trading at 19.13 as of the 29th of March 2024; that is 0.10 percent increase since the beginning of the trading day. The fund's open price was 19.11.
With this module, you can estimate the performance of a buy and hold strategy of Westcore Small Cap Growth and determine expected loss or profit from investing in Westcore Small-cap over a given investment horizon. Check out Westcore Small-cap Correlation, Westcore Small-cap Volatility and Westcore Small-cap Alpha and Beta module to complement your research on Westcore Small-cap.
Symbol

Please note, there is a significant difference between Westcore Small-cap's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westcore Small-cap is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westcore Small-cap's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Westcore Small-cap '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 Small-cap'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 Small-cap.
0.00
04/04/2023
No Change 0.00  0.0 
In 11 months and 26 days
03/29/2024
0.00
If you would invest  0.00  in Westcore Small-cap on April 4, 2023 and sell it all today you would earn a total of 0.00 from holding Westcore Small Cap Growth or generate 0.0% return on investment in Westcore Small-cap over 360 days. Westcore Small-cap is related to or competes with Vanguard Small-cap, Vanguard Small, Vanguard Explorer, Vanguard Explorer, Janus Triton, Janus Triton, and Janus Triton. The funds adviser emphasizes investments in small companies that the portfolio management team believes to have attracti... More

Westcore Small-cap 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 Small-cap'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 Small Cap Growth upside and downside potential and time the market with a certain degree of confidence.

Westcore Small-cap Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Westcore Small-cap's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westcore Small-cap's standard deviation. In reality, there are many statistical measures that can use Westcore Small-cap historical prices to predict the future Westcore Small-cap's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westcore Small-cap'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.
Hype
Prediction
LowEstimatedHigh
18.0219.1320.24
Details
Intrinsic
Valuation
LowRealHigh
17.8118.9220.03
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Westcore Small-cap. Your research has to be compared to or analyzed against Westcore Small-cap's peers to derive any actionable benefits. When done correctly, Westcore Small-cap's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Westcore Small-cap Growth.

Westcore Small-cap Growth Backtested Returns

We consider Westcore Small-cap very steady. Westcore Small-cap Growth shows Sharpe Ratio of 0.0903, which attests that the fund had a 0.0903% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westcore Small-cap Growth, which you can use to evaluate the volatility of the fund. Please check out Westcore Small-cap's Market Risk Adjusted Performance of 0.0483, downside deviation of 1.12, and Mean Deviation of 0.8461 to validate if the risk estimate we provide is consistent with the expected return of 0.1%. The entity maintains a market beta of 1.63, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Westcore Small-cap will likely underperform.

Auto-correlation

    
  0.61  

Good predictability

Westcore Small Cap Growth has good predictability. Overlapping area represents the amount of predictability between Westcore Small-cap time series from 4th of April 2023 to 1st of October 2023 and 1st of October 2023 to 29th of March 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 Small-cap Growth price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Westcore Small-cap price fluctuation can be explain by its past prices.
Correlation Coefficient0.61
Spearman Rank Test0.49
Residual Average0.0
Price Variance1.36

Westcore Small-cap Growth lagged returns against current returns

Autocorrelation, which is Westcore Small-cap 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 Small-cap's mutual fund expected returns. We can calculate the autocorrelation of Westcore Small-cap returns to help us make a trade decision. For example, suppose you find that Westcore Small-cap 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 Small-cap 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 Small-cap mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westcore Small-cap 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 Small-cap mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Westcore Small-cap Lagged Returns

When evaluating Westcore Small-cap's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westcore Small-cap mutual fund have on its future price. Westcore Small-cap 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 Small-cap autocorrelation shows the relationship between Westcore Small-cap mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westcore Small Cap Growth.
   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 Small-cap 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 Small-cap's short interest history, or implied volatility extrapolated from Westcore Small-cap options trading.

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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 Small-cap Correlation, Westcore Small-cap Volatility and Westcore Small-cap Alpha and Beta module to complement your research on Westcore Small-cap.
Note that the Westcore Small-cap Growth information on this page should be used as a complementary analysis to other Westcore Small-cap'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Complementary Tools for Westcore Mutual Fund analysis

When running Westcore Small-cap's price analysis, check to measure Westcore Small-cap's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westcore Small-cap is operating at the current time. Most of Westcore Small-cap's value examination focuses on studying past and present price action to predict the probability of Westcore Small-cap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westcore Small-cap's price. Additionally, you may evaluate how the addition of Westcore Small-cap to your portfolios can decrease your overall portfolio volatility.
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Westcore Small-cap 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.
A focus of Westcore Small-cap technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Westcore Small-cap trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...