Westcore Orado Tax Exempt Fund Market Value
| WICOX Fund | USD 10.51 0.01 0.1% |
| Symbol | Westcore |
Westcore Orado '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 Orado'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 Orado.
| 04/17/2024 |
| 05/17/2024 |
If you would invest 0.00 in Westcore Orado on April 17, 2024 and sell it all today you would earn a total of 0.00 from holding Westcore Orado Tax Exempt or generate 0.0% return on investment in Westcore Orado over 30 days. Westcore Orado is related to or competes with Western Asset, Ab Bond, Fs Managed, Loomis Sayles, Ab Bond, Ab Bond, and Fs Managed. The fund will invest at least eighty percent of the value of its net assets, plus any borrowings for investment purposes... More
Westcore Orado 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 Orado'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 Orado Tax Exempt upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1996 | |||
| Information Ratio | (0.78) | |||
| Maximum Drawdown | 0.7647 | |||
| Value At Risk | (0.19) | |||
| Potential Upside | 0.1921 |
Westcore Orado Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westcore Orado's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westcore Orado's standard deviation. In reality, there are many statistical measures that can use Westcore Orado historical prices to predict the future Westcore Orado's volatility.| Risk Adjusted Performance | 0.011 | |||
| Jensen Alpha | 0.0029 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.49) | |||
| Treynor Ratio | (0.01) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westcore Orado'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 Orado Tax Backtested Returns
We consider Westcore Orado very steady. Westcore Orado Tax shows Sharpe Ratio of 0.0509, which attests that the fund had a 0.0509% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westcore Orado Tax, which you can use to evaluate the volatility of the fund. Please check out Westcore Orado's Market Risk Adjusted Performance of 0.0025, downside deviation of 0.1996, and Mean Deviation of 0.0854 to validate if the risk estimate we provide is consistent with the expected return of 0.0062%. The entity maintains a market beta of -0.0273, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Westcore Orado are expected to decrease at a much lower rate. During the bear market, Westcore Orado is likely to outperform the market.
Auto-correlation | -0.01 |
Very weak reverse predictability
Westcore Orado Tax Exempt has very weak reverse predictability. Overlapping area represents the amount of predictability between Westcore Orado time series from 17th of April 2024 to 2nd of May 2024 and 2nd of May 2024 to 17th of May 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 Orado Tax price movement. The serial correlation of -0.01 indicates that just 1.0% of current Westcore Orado price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westcore Orado Tax lagged returns against current returns
Autocorrelation, which is Westcore Orado 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 Orado's mutual fund expected returns. We can calculate the autocorrelation of Westcore Orado returns to help us make a trade decision. For example, suppose you find that Westcore Orado 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 Orado 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 Orado mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westcore Orado 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 Orado mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westcore Orado Lagged Returns
When evaluating Westcore Orado's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westcore Orado mutual fund have on its future price. Westcore Orado 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 Orado autocorrelation shows the relationship between Westcore Orado mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westcore Orado Tax Exempt.
Regressed Prices |
| Timeline |
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Check out Westcore Orado Correlation, Westcore Orado Volatility and Westcore Orado Alpha and Beta module to complement your research on Westcore Orado. You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Westcore Orado 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.