Wasatch International Select Fund Market Value
| WAISX Fund | USD 12.31 0.05 0.40% |
| Symbol | Wasatch |
Wasatch International '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 International'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 International.
| 05/31/2024 |
| 11/27/2024 |
If you would invest 0.00 in Wasatch International on May 31, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch International Select or generate 0.0% return on investment in Wasatch International over 180 days. Wasatch International is related to or competes with Wasatch International, Wasatch Global, Wasatch Global, Wasatch Emerging, and Wasatch International. The fund invests primarily in foreign companies of all market capitalizations More
Wasatch International 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 International'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 International Select upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8405 | |||
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 3.63 | |||
| Value At Risk | (1.07) | |||
| Potential Upside | 1.25 |
Wasatch International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch International's standard deviation. In reality, there are many statistical measures that can use Wasatch International historical prices to predict the future Wasatch International's volatility.| Risk Adjusted Performance | 0.0097 | |||
| Jensen Alpha | 0.0054 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.14) | |||
| Treynor Ratio | 0.0075 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch International'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 International Backtested Returns
At this stage we consider Wasatch Mutual Fund to be very steady. Wasatch International shows Sharpe Ratio of 0.0042, which attests that the fund had a 0.0042% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wasatch International, which you can use to evaluate the volatility of the fund. Please check out Wasatch International's Market Risk Adjusted Performance of 0.0175, mean deviation of 0.6563, and Downside Deviation of 0.8405 to validate if the risk estimate we provide is consistent with the expected return of 0.0036%. The entity maintains a market beta of -0.0486, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wasatch International are expected to decrease at a much lower rate. During the bear market, Wasatch International is likely to outperform the market.
Auto-correlation | -0.03 |
Very weak reverse predictability
Wasatch International Select has very weak reverse predictability. Overlapping area represents the amount of predictability between Wasatch International 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 International price movement. The serial correlation of -0.03 indicates that only 3.0% of current Wasatch International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Wasatch International lagged returns against current returns
Autocorrelation, which is Wasatch International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Wasatch International returns to help us make a trade decision. For example, suppose you find that Wasatch International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch International Lagged Returns
When evaluating Wasatch International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch International mutual fund have on its future price. Wasatch International 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 International autocorrelation shows the relationship between Wasatch International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch International 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 International 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 International security.
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