Westwood Income Opportunity Fund Market Value

WWIAX Fund  USD 11.68  0.04  0.34%   
Westwood Income's market value is the price at which a share of Westwood Income trades on a public exchange. It measures the collective expectations of Westwood Income Opportunity investors about its performance. Westwood Income is trading at 11.68 as of the 28th of March 2024; that is -0.34 percent down since the beginning of the trading day. The fund's open price was 11.72.
With this module, you can estimate the performance of a buy and hold strategy of Westwood Income Opportunity and determine expected loss or profit from investing in Westwood Income over a given investment horizon. Check out Westwood Income Correlation, Westwood Income Volatility and Westwood Income Alpha and Beta module to complement your research on Westwood Income.
Symbol

Please note, there is a significant difference between Westwood Income's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westwood Income is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westwood Income'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.

Westwood Income '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 Income'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 Income.
0.00
08/31/2023
No Change 0.00  0.0 
In 6 months and 30 days
03/28/2024
0.00
If you would invest  0.00  in Westwood Income on August 31, 2023 and sell it all today you would earn a total of 0.00 from holding Westwood Income Opportunity or generate 0.0% return on investment in Westwood Income over 210 days. Westwood Income is related to or competes with Westwood Short, Westwood Total, Westwood Low, Westwood Market, Westwood Alternative, Westwood Market, and Westwood Alternative. Under normal circumstances, the fund seeks to meet its investment objectives by investing generally more than 80 percent... More

Westwood Income 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 Income'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 Income Opportunity upside and downside potential and time the market with a certain degree of confidence.

Westwood Income Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Income's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Income's standard deviation. In reality, there are many statistical measures that can use Westwood Income historical prices to predict the future Westwood Income's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westwood Income'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
11.3111.6812.05
Details
Intrinsic
Valuation
LowRealHigh
11.2711.6412.01
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Westwood Income. Your research has to be compared to or analyzed against Westwood Income's peers to derive any actionable benefits. When done correctly, Westwood Income'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 Westwood Income Oppo.

Westwood Income Oppo Backtested Returns

We consider Westwood Income very steady. Westwood Income Oppo shows Sharpe Ratio of 0.0881, which attests that the fund had a 0.0881% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westwood Income Oppo, which you can use to evaluate the volatility of the fund. Please check out Westwood Income's Downside Deviation of 0.4342, mean deviation of 0.2816, and Market Risk Adjusted Performance of 0.0696 to validate if the risk estimate we provide is consistent with the expected return of 0.0328%. The entity maintains a market beta of 0.53, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westwood Income's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Income is expected to be smaller as well.

Auto-correlation

    
  0.63  

Good predictability

Westwood Income Opportunity has good predictability. Overlapping area represents the amount of predictability between Westwood Income time series from 31st of August 2023 to 14th of December 2023 and 14th of December 2023 to 28th 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 Westwood Income Oppo price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Westwood Income price fluctuation can be explain by its past prices.
Correlation Coefficient0.63
Spearman Rank Test0.32
Residual Average0.0
Price Variance0.01

Westwood Income Oppo lagged returns against current returns

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

Westwood Income Lagged Returns

When evaluating Westwood Income's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westwood Income mutual fund have on its future price. Westwood Income 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 Income autocorrelation shows the relationship between Westwood Income mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westwood Income Opportunity.
   Regressed Prices   
       Timeline  

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 Income Correlation, Westwood Income Volatility and Westwood Income Alpha and Beta module to complement your research on Westwood Income.
Note that the Westwood Income Oppo information on this page should be used as a complementary analysis to other Westwood Income'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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Westwood Mutual Fund analysis

When running Westwood Income's price analysis, check to measure Westwood Income'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 Westwood Income is operating at the current time. Most of Westwood Income's value examination focuses on studying past and present price action to predict the probability of Westwood Income's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westwood Income's price. Additionally, you may evaluate how the addition of Westwood Income to your portfolios can decrease your overall portfolio volatility.
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Westwood Income 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 Westwood Income technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Westwood Income 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...