Wasatch Global Select Fund Market Value
| WAGSX Fund | USD 12.93 0.01 0.08% |
| Symbol | Wasatch |
Wasatch 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 Wasatch 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 Wasatch Global.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Wasatch Global on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Global Select or generate 0.0% return on investment in Wasatch Global over 30 days. Wasatch Global is related to or competes with Rational/pier, Harbor Convertible, Absolute Convertible, Gamco Global, Advent Claymore, and Calamos Dynamic. The fund invests primarily in foreign and domestic companies of all market capitalizations More
Wasatch 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 Wasatch 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 Wasatch Global Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8344 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 3.5 | |||
| Value At Risk | (1.20) | |||
| Potential Upside | 1.55 |
Wasatch Global Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Global's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Global's standard deviation. In reality, there are many statistical measures that can use Wasatch Global historical prices to predict the future Wasatch Global's volatility.| Risk Adjusted Performance | 0.0859 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | 0.0985 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch 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.
Wasatch Global Select Backtested Returns
At this stage we consider Wasatch Mutual Fund to be very steady. Wasatch Global Select shows Sharpe Ratio of 0.15, which attests that the fund had a 0.15% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wasatch Global Select, which you can use to evaluate the volatility of the fund. Please check out Wasatch Global's Downside Deviation of 0.8344, mean deviation of 0.6815, and Market Risk Adjusted Performance of 0.1085 to validate if the risk estimate we provide is consistent with the expected return of 0.12%. The entity maintains a market beta of 0.87, which attests to possible diversification benefits within a given portfolio. Wasatch Global returns are very sensitive to returns on the market. As the market goes up or down, Wasatch Global is expected to follow.
Auto-correlation | 0.87 |
Very good predictability
Wasatch Global Select has very good predictability. Overlapping area represents the amount of predictability between Wasatch Global time series from 31st of October 2024 to 15th of November 2024 and 15th of November 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 Wasatch Global Select price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Wasatch Global price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.49 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Wasatch Global Select lagged returns against current returns
Autocorrelation, which is Wasatch 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 Wasatch Global's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Global returns to help us make a trade decision. For example, suppose you find that Wasatch 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 |
Wasatch 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 Wasatch Global mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch 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 Wasatch Global mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Global Lagged Returns
When evaluating Wasatch Global's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Global mutual fund have on its future price. Wasatch 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, Wasatch Global autocorrelation shows the relationship between Wasatch Global mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Global Select.
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 Global 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 Global security.
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