Wasatch Emerging India Fund Market Value
| WAINX Fund | USD 6.93 0.01 0.14% |
| Symbol | Wasatch |
Wasatch Emerging '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 Emerging'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 Emerging.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Wasatch Emerging on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Emerging India or generate 0.0% return on investment in Wasatch Emerging over 180 days. Wasatch Emerging is related to or competes with Matthews India, Wasatch Emerging, Wasatch Emerging, IShares MSCI, and Wasatch Global. The fund invests primarily in companies tied economically to India More
Wasatch Emerging 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 Emerging'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 Emerging India upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.01 | |||
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 4.61 | |||
| Value At Risk | (1.77) | |||
| Potential Upside | 1.48 |
Wasatch Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Emerging's standard deviation. In reality, there are many statistical measures that can use Wasatch Emerging historical prices to predict the future Wasatch Emerging's volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.12) | |||
| Treynor Ratio | (0.01) |
Wasatch Emerging India Backtested Returns
Wasatch Emerging India shows Sharpe Ratio of -0.0071, which attests that the fund had a -0.0071% return per unit of risk over the last 3 months. Wasatch Emerging India exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wasatch Emerging's Downside Deviation of 1.01, insignificant market risk adjusted performance, and Mean Deviation of 0.7331 to validate the risk estimate we provide. The entity maintains a market beta of 0.43, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wasatch Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wasatch Emerging is expected to be smaller as well.
Auto-correlation | -0.08 |
Very weak reverse predictability
Wasatch Emerging India has very weak reverse predictability. Overlapping area represents the amount of predictability between Wasatch Emerging time series from 31st of May 2024 to 29th of August 2024 and 29th of August 2024 to 27th 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 Emerging India price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Wasatch Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Wasatch Emerging India lagged returns against current returns
Autocorrelation, which is Wasatch Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Emerging returns to help us make a trade decision. For example, suppose you find that Wasatch Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Emerging Lagged Returns
When evaluating Wasatch Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Emerging mutual fund have on its future price. Wasatch Emerging 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 Emerging autocorrelation shows the relationship between Wasatch Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Emerging India.
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 Emerging 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 Emerging security.
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