Wasatch Select Investor Fund Market Value
| WAUSX Fund | USD 16.33 0.15 0.93% |
| Symbol | Wasatch |
Wasatch Select '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 Wasatch Select'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 Wasatch Select.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Wasatch Select on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Select Investor or generate 0.0% return on investment in Wasatch Select over 90 days. Wasatch Select is related to or competes with Rbb Fund, Omni Small, T Rowe, T Rowe, Multimedia Portfolio, L Abbett, and Volumetric Fund. The fund will invest at least 80 percent of the funds net assets in equity securities of companies of all market capital... More
Wasatch Select 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 Wasatch Select'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 Wasatch Select Investor upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8071 | |||
| Information Ratio | 0.0721 | |||
| Maximum Drawdown | 5.97 | |||
| Value At Risk | (1.18) | |||
| Potential Upside | 1.4 |
Wasatch Select Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Select's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Select's standard deviation. In reality, there are many statistical measures that can use Wasatch Select historical prices to predict the future Wasatch Select's volatility.| Risk Adjusted Performance | 0.1513 | |||
| Jensen Alpha | 0.1457 | |||
| Total Risk Alpha | 0.0344 | |||
| Sortino Ratio | 0.0828 | |||
| Treynor Ratio | 0.5833 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch Select'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.
Wasatch Select Investor Backtested Returns
At this stage we consider Wasatch Mutual Fund to be very steady. Wasatch Select Investor shows Sharpe Ratio of 0.18, which attests that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wasatch Select Investor, which you can use to evaluate the volatility of the fund. Please check out Wasatch Select's Mean Deviation of 0.6739, market risk adjusted performance of 0.5933, and Downside Deviation of 0.8071 to validate if the risk estimate we provide is consistent with the expected return of 0.17%. The entity maintains a market beta of 0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wasatch Select's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wasatch Select is expected to be smaller as well.
Auto-correlation | 0.78 |
Good predictability
Wasatch Select Investor has good predictability. Overlapping area represents the amount of predictability between Wasatch Select time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Wasatch Select Investor price movement. The serial correlation of 0.78 indicates that around 78.0% of current Wasatch Select price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.78 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Wasatch Select Investor lagged returns against current returns
Autocorrelation, which is Wasatch Select 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 Wasatch Select's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Select returns to help us make a trade decision. For example, suppose you find that Wasatch Select 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 |
Wasatch Select 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 Wasatch Select mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Select mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Wasatch Select mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Select Lagged Returns
When evaluating Wasatch Select's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Select mutual fund have on its future price. Wasatch Select 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, Wasatch Select autocorrelation shows the relationship between Wasatch Select mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Select Investor.
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 Wasatch Mutual Fund
Wasatch Select financial ratios help investors to determine whether Wasatch 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 Wasatch with respect to the benefits of owning Wasatch Select security.
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