Westcore Municipal Opportunities Fund Market Value
| WTTAX Fund | USD 9.72 0.02 0.21% |
| Symbol | Westcore |
Westcore Municipal '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 Municipal'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 Municipal.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Westcore Municipal on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Westcore Municipal Opportunities or generate 0.0% return on investment in Westcore Municipal over 180 days. Westcore Municipal is related to or competes with Aig Government, Prudential Government, Virtus Seix, Inverse Government, and Short-term Government. Under normal circumstances, the fund will invest at least eighty percent of the value of its net assets, plus any borrow... More
Westcore Municipal 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 Municipal'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 Municipal Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.2288 | |||
| Information Ratio | (0.72) | |||
| Maximum Drawdown | 1.04 | |||
| Value At Risk | (0.21) | |||
| Potential Upside | 0.3109 |
Westcore Municipal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westcore Municipal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westcore Municipal's standard deviation. In reality, there are many statistical measures that can use Westcore Municipal historical prices to predict the future Westcore Municipal's volatility.| Risk Adjusted Performance | 0.008 | |||
| Jensen Alpha | 0.0083 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | (0.56) | |||
| Treynor Ratio | 0.0067 |
Westcore Municipal Backtested Returns
At this stage we consider Westcore Mutual Fund to be very steady. Westcore Municipal shows Sharpe Ratio of 0.0461, which attests that the fund had a 0.0461% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Westcore Municipal, which you can use to evaluate the volatility of the fund. Please check out Westcore Municipal's Mean Deviation of 0.1188, market risk adjusted performance of 0.0167, and Downside Deviation of 0.2288 to validate if the risk estimate we provide is consistent with the expected return of 0.0082%. The entity maintains a market beta of -0.069, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Westcore Municipal are expected to decrease at a much lower rate. During the bear market, Westcore Municipal is likely to outperform the market.
Auto-correlation | -0.61 |
Very good reverse predictability
Westcore Municipal Opportunities has very good reverse predictability. Overlapping area represents the amount of predictability between Westcore Municipal time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Municipal price movement. The serial correlation of -0.61 indicates that roughly 61.0% of current Westcore Municipal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.61 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Westcore Municipal lagged returns against current returns
Autocorrelation, which is Westcore Municipal 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 Municipal's mutual fund expected returns. We can calculate the autocorrelation of Westcore Municipal returns to help us make a trade decision. For example, suppose you find that Westcore Municipal 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 Municipal 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 Municipal mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westcore Municipal 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 Municipal mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westcore Municipal Lagged Returns
When evaluating Westcore Municipal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westcore Municipal mutual fund have on its future price. Westcore Municipal 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 Municipal autocorrelation shows the relationship between Westcore Municipal mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westcore Municipal Opportunities.
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 Westcore Mutual Fund
Westcore Municipal financial ratios help investors to determine whether Westcore 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 Westcore with respect to the benefits of owning Westcore Municipal security.
| Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |