Westcore Small Cap Growth Fund Market Value
| WISGX Fund | USD 18.67 0.26 1.37% |
| 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.
| 03/17/2024 |
| 04/16/2024 |
If you would invest 0.00 in Westcore Small-cap on March 17, 2024 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 30 days. Westcore Small-cap is related to or competes with Segall Bryant, Segall Bryant, Segall Bryant, Segall Bryant, Segall Bryant, Segall Bryant, and Segall Bryant. 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 | 1.19 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 4.73 | |||
| Value At Risk | (2.02) | |||
| Potential Upside | 1.69 |
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 | 0.0291 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.0226 |
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 Backtested Returns
We consider Westcore Small-cap very steady. Westcore Small Cap shows Sharpe Ratio of 0.0543, which attests that the fund had a 0.0543% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westcore Small Cap, which you can use to evaluate the volatility of the fund. Please check out Westcore Small-cap's Market Risk Adjusted Performance of 0.0326, downside deviation of 1.19, and Mean Deviation of 0.8857 to validate if the risk estimate we provide is consistent with the expected return of 0.0617%. The entity maintains a market beta of 1.51, 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 | -0.62 |
Very good reverse predictability
Westcore Small Cap Growth has very good reverse predictability. Overlapping area represents the amount of predictability between Westcore Small-cap time series from 17th of March 2024 to 1st of April 2024 and 1st of April 2024 to 16th 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 Small Cap price movement. The serial correlation of -0.62 indicates that roughly 62.0% of current Westcore Small-cap price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.62 | |
| Spearman Rank Test | -0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Westcore Small Cap 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 |
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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 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
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.