Westcore Flexible Income Fund Market Value
| WILTX Fund | USD 8.64 0.01 0.12% |
| Symbol | Westcore |
Westcore Flexible '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 Flexible'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 Flexible.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Westcore Flexible on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Westcore Flexible Income or generate 0.0% return on investment in Westcore Flexible over 720 days. Westcore Flexible is related to or competes with Legg Mason, Delaware Limited-term, Lord Abbett, Small Cap, Tax-managed, Jhancock Diversified, and Massmutual Premier. Under normal circumstances, the fund will invest at least eighty percent of the value of its net assets plus any borrowi... More
Westcore Flexible 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 Flexible'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 Flexible Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.1592 | |||
| Information Ratio | (0.86) | |||
| Maximum Drawdown | 0.5817 | |||
| Value At Risk | (0.23) | |||
| Potential Upside | 0.2342 |
Westcore Flexible Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Westcore Flexible's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westcore Flexible's standard deviation. In reality, there are many statistical measures that can use Westcore Flexible historical prices to predict the future Westcore Flexible's volatility.| Risk Adjusted Performance | 0.0523 | |||
| Jensen Alpha | 9.0E-4 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | (0.75) | |||
| Treynor Ratio | 0.1435 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westcore Flexible'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 Flexible Income Backtested Returns
At this stage we consider Westcore Mutual Fund to be very steady. Westcore Flexible Income shows Sharpe Ratio of 0.14, which attests that the fund had a 0.14% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Westcore Flexible Income, which you can use to evaluate the volatility of the fund. Please check out Westcore Flexible's Market Risk Adjusted Performance of 0.1535, mean deviation of 0.1073, and Coefficient Of Variation of 788.98 to validate if the risk estimate we provide is consistent with the expected return of 0.0201%. The entity maintains a market beta of 0.0539, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Westcore Flexible's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westcore Flexible is expected to be smaller as well.
Auto-correlation | 0.65 |
Good predictability
Westcore Flexible Income has good predictability. Overlapping area represents the amount of predictability between Westcore Flexible time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Westcore Flexible Income price movement. The serial correlation of 0.65 indicates that roughly 65.0% of current Westcore Flexible price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.65 | |
| Spearman Rank Test | 0.73 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Westcore Flexible Income lagged returns against current returns
Autocorrelation, which is Westcore Flexible 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 Flexible's mutual fund expected returns. We can calculate the autocorrelation of Westcore Flexible returns to help us make a trade decision. For example, suppose you find that Westcore Flexible 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 Flexible 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 Flexible mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Westcore Flexible 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 Flexible mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Westcore Flexible Lagged Returns
When evaluating Westcore Flexible's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Westcore Flexible mutual fund have on its future price. Westcore Flexible 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 Flexible autocorrelation shows the relationship between Westcore Flexible mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Westcore Flexible Income.
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 Flexible 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 Flexible security.
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