Wasatch Greater China Fund Market Value
| WAGCX Fund | USD 4.67 0.01 0.21% |
| Symbol | Wasatch |
Wasatch Greater '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 Greater'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 Greater.
| 05/30/2024 |
| 11/26/2024 |
If you would invest 0.00 in Wasatch Greater on May 30, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Greater China or generate 0.0% return on investment in Wasatch Greater over 180 days. Wasatch Greater is related to or competes with Wasatch Global, Wasatch Emerging, Wasatch Micro, Wasatch Emerging, and Wasatch Frontier. Under normal circumstances, the fund invests at least 80 percent of its net assets in equity securities of companies of ... More
Wasatch Greater 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 Greater'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 Greater China upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.05 | |||
| Information Ratio | 0.0335 | |||
| Maximum Drawdown | 11.51 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 4.4 |
Wasatch Greater Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Greater's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Greater's standard deviation. In reality, there are many statistical measures that can use Wasatch Greater historical prices to predict the future Wasatch Greater's volatility.| Risk Adjusted Performance | 0.0765 | |||
| Jensen Alpha | 0.1605 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | 0.0363 | |||
| Treynor Ratio | 0.7037 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch Greater'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 Greater China Backtested Returns
Wasatch Greater appears to be slightly risky, given 3 months investment horizon. Wasatch Greater China shows Sharpe Ratio of 0.11, which attests that the fund had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wasatch Greater China, which you can use to evaluate the volatility of the fund. Please utilize Wasatch Greater's Downside Deviation of 2.05, mean deviation of 1.59, and Market Risk Adjusted Performance of 0.7137 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wasatch Greater's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wasatch Greater is expected to be smaller as well.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Wasatch Greater China has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Wasatch Greater time series from 30th of May 2024 to 28th of August 2024 and 28th of August 2024 to 26th 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 Wasatch Greater China price movement. The serial correlation of -0.75 indicates that around 75.0% of current Wasatch Greater price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.21 |
Wasatch Greater China lagged returns against current returns
Autocorrelation, which is Wasatch Greater 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 Greater's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Greater returns to help us make a trade decision. For example, suppose you find that Wasatch Greater 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 Greater 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 Greater mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Greater 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 Greater mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Greater Lagged Returns
When evaluating Wasatch Greater's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Greater mutual fund have on its future price. Wasatch Greater 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 Greater autocorrelation shows the relationship between Wasatch Greater mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Greater China.
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 Greater 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 Greater security.
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