Westcore Small Cap Growth Fund Market Value
WTSGX Fund | USD 19.13 0.02 0.10% |
Symbol | Westcore |
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.
04/04/2023 |
| 03/29/2024 |
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.
Downside Deviation | 1.12 | |||
Information Ratio | (0.06) | |||
Maximum Drawdown | 4.7 | |||
Value At Risk | (2.15) | |||
Potential Upside | 1.77 |
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.Risk Adjusted Performance | 0.0416 | |||
Jensen Alpha | (0.14) | |||
Total Risk Alpha | (0.18) | |||
Sortino Ratio | (0.06) | |||
Treynor Ratio | 0.0383 |
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.
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 Coefficient | 0.61 | |
Spearman Rank Test | 0.49 | |
Residual Average | 0.0 | |
Price Variance | 1.36 |
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.
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.CLSK | CleanSpark | |
V | Visa Class A | |
CDLX | Cardlytics |
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.