Wasatch Strategic Income Fund Market Value
| WASIX Fund | USD 11.56 0.25 2.12% |
| Symbol | Wasatch |
Wasatch Strategic '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 Strategic'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 Strategic.
| 09/11/2024 |
| 03/10/2025 |
If you would invest 0.00 in Wasatch Strategic on September 11, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Strategic Income or generate 0.0% return on investment in Wasatch Strategic over 180 days. Wasatch Strategic is related to or competes with Wasatch World, Wasatch International, Wasatch International, Wasatch Micro, and Wasatch Small. Under normal market conditions, the fund invests primarily in equity securities of domestic and foreign micro, small, an... More
Wasatch Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8429 | |||
| Information Ratio | 0.1112 | |||
| Maximum Drawdown | 3.17 | |||
| Value At Risk | (1.14) | |||
| Potential Upside | 1.66 |
Wasatch Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Strategic's standard deviation. In reality, there are many statistical measures that can use Wasatch Strategic historical prices to predict the future Wasatch Strategic's volatility.| Risk Adjusted Performance | 0.0225 | |||
| Jensen Alpha | 0.0399 | |||
| Total Risk Alpha | 0.0877 | |||
| Sortino Ratio | 0.1042 | |||
| Treynor Ratio | 0.0341 |
Wasatch Strategic Income Backtested Returns
Wasatch Strategic Income shows Sharpe Ratio of close to zero, which attests that the fund had a close to zero % return per unit of risk over the last 3 months. Wasatch Strategic Income exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wasatch Strategic's Downside Deviation of 0.8429, mean deviation of 0.5696, and Market Risk Adjusted Performance of 0.0441 to validate the risk estimate we provide. The entity maintains a market beta of 0.36, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wasatch Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wasatch Strategic is expected to be smaller as well.
Auto-correlation | -0.46 |
Modest reverse predictability
Wasatch Strategic Income has modest reverse predictability. Overlapping area represents the amount of predictability between Wasatch Strategic time series from 11th of September 2024 to 10th of December 2024 and 10th of December 2024 to 10th of March 2025. 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 Strategic Income price movement. The serial correlation of -0.46 indicates that about 46.0% of current Wasatch Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.46 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Wasatch Strategic Income lagged returns against current returns
Autocorrelation, which is Wasatch Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Strategic returns to help us make a trade decision. For example, suppose you find that Wasatch Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Strategic Lagged Returns
When evaluating Wasatch Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Strategic mutual fund have on its future price. Wasatch Strategic 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 Strategic autocorrelation shows the relationship between Wasatch Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Strategic Income.
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 Strategic 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 Strategic security.
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