Westcore Global Large Cap Fund Market Value

WTMVX Fund  USD 11.02  0.25  2.32%   
Westcore Global's market value is the price at which a share of Westcore Global trades on a public exchange. It measures the collective expectations of Westcore Global Large Cap investors about its performance. Westcore Global is trading at 11.02 as of the 17th of March 2025; that is 2.32 percent up since the beginning of the trading day. The fund's open price was 10.77.
With this module, you can estimate the performance of a buy and hold strategy of Westcore Global Large Cap and determine expected loss or profit from investing in Westcore Global over a given investment horizon. Check out Westcore Global Correlation, Westcore Global Volatility and Westcore Global Alpha and Beta module to complement your research on Westcore Global.
Symbol

Please note, there is a significant difference between Westcore Global's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westcore Global is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westcore Global'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.

Westcore Global '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 Global'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 Global.
0.00
12/17/2024
No Change 0.00  0.0 
In 2 months and 31 days
03/17/2025
0.00
If you would invest  0.00  in Westcore Global on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Westcore Global Large Cap or generate 0.0% return on investment in Westcore Global over 90 days. Westcore Global is related to or competes with Westcore Flexible, Westcore Plus, Teton Westwood, and Westcore Colorado. Under normal circumstances, the fund will invest at least 80 percent of the value of its net assets in equity securities... More

Westcore Global 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 Global'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 Global Large Cap upside and downside potential and time the market with a certain degree of confidence.

Westcore Global Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Westcore Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Westcore Global's standard deviation. In reality, there are many statistical measures that can use Westcore Global historical prices to predict the future Westcore Global's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Westcore Global'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
10.0211.0212.02
Details
Intrinsic
Valuation
LowRealHigh
9.9910.9911.99
Details
Naive
Forecast
LowNextHigh
9.9110.9111.91
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
10.8111.4412.07
Details

Westcore Global Large Backtested Returns

Westcore Global Large 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. Westcore Global Large exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Westcore Global's Market Risk Adjusted Performance of (0.15), standard deviation of 0.9836, and Mean Deviation of 0.7286 to validate the risk estimate we provide. The entity maintains a market beta of 0.79, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Westcore Global's returns are expected to increase less than the market. However, during the bear market, the loss of holding Westcore Global is expected to be smaller as well.

Auto-correlation

    
  -0.67  

Very good reverse predictability

Westcore Global Large Cap has very good reverse predictability. Overlapping area represents the amount of predictability between Westcore Global time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th of March 2025. 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 Global Large price movement. The serial correlation of -0.67 indicates that around 67.0% of current Westcore Global price fluctuation can be explain by its past prices.
Correlation Coefficient-0.67
Spearman Rank Test-0.37
Residual Average0.0
Price Variance0.12

Westcore Global Large lagged returns against current returns

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

Westcore Global Lagged Returns

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

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Other Information on Investing in Westcore Mutual Fund

Westcore Global 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 Global security.
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