Westwood Quality Value Fund Market Value

WWLCX Fund  USD 14.78  0.05  0.34%   
Westwood Quality's market value is the price at which a share of Westwood Quality trades on a public exchange. It measures the collective expectations of Westwood Quality Value investors about its performance. Westwood Quality is trading at 14.78 as of the 7th of December 2024; that is 0.34 percent down since the beginning of the trading day. The fund's open price was 14.83.
With this module, you can estimate the performance of a buy and hold strategy of Westwood Quality Value and determine expected loss or profit from investing in Westwood Quality over a given investment horizon. Check out Westwood Quality Correlation, Westwood Quality Volatility and Westwood Quality Alpha and Beta module to complement your research on Westwood Quality.
Symbol

Please note, there is a significant difference between Westwood Quality's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westwood Quality is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westwood Quality'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 Quality '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 Quality'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 Quality.
0.00
11/07/2024
No Change 0.00  0.0 
In 30 days
12/07/2024
0.00
If you would invest  0.00  in Westwood Quality on November 7, 2024 and sell it all today you would earn a total of 0.00 from holding Westwood Quality Value or generate 0.0% return on investment in Westwood Quality over 30 days. Westwood Quality is related to or competes with Global Gold, Gold Portfolio, Precious Metals, Fidelity Advisor, Goldman Sachs, and Short Precious. Under normal circumstances, the fund invests at least 80 percent of its net assets, plus any borrowings for investment p... More

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

Westwood Quality Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Westwood Quality's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westwood Quality's standard deviation. In reality, there are many statistical measures that can use Westwood Quality historical prices to predict the future Westwood Quality'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 Quality'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
14.1014.7815.46
Details
Intrinsic
Valuation
LowRealHigh
14.0614.7415.42
Details

Westwood Quality Value Backtested Returns

At this stage we consider Westwood Mutual Fund to be very steady. Westwood Quality Value shows Sharpe Ratio of 0.1, which attests that the fund had a 0.1% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westwood Quality Value, which you can use to evaluate the volatility of the fund. Please check out Westwood Quality's Market Risk Adjusted Performance of 1.29, downside deviation of 0.5458, and Mean Deviation of 0.5396 to validate if the risk estimate we provide is consistent with the expected return of 0.0703%. The entity maintains a market beta of 0.0501, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westwood Quality's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westwood Quality is expected to be smaller as well.

Auto-correlation

    
  0.89  

Very good predictability

Westwood Quality Value has very good predictability. Overlapping area represents the amount of predictability between Westwood Quality time series from 7th of November 2024 to 22nd of November 2024 and 22nd of November 2024 to 7th of December 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 Quality Value price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Westwood Quality price fluctuation can be explain by its past prices.
Correlation Coefficient0.89
Spearman Rank Test0.19
Residual Average0.0
Price Variance0.01

Westwood Quality Value lagged returns against current returns

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

Westwood Quality Lagged Returns

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

Other Information on Investing in Westwood Mutual Fund

Westwood Quality financial ratios help investors to determine whether Westwood Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Westwood with respect to the benefits of owning Westwood Quality security.
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