Wasatch E Growth Fund Market Value
| WGROX Fund | USD 106.21 1.40 1.34% |
| Symbol | Wasatch |
Wasatch E '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 E'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 E.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Wasatch E on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch E Growth or generate 0.0% return on investment in Wasatch E over 30 days. Wasatch E is related to or competes with Wasatch Micro, Wasatch International, Wasatch Small, Wasatch Emerging, and Wasatch International. The fund invests primarily in smaller growing companies at reasonable prices More
Wasatch E 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 E'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 E Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9864 | |||
| Information Ratio | 0.0874 | |||
| Maximum Drawdown | 6.18 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 2.11 |
Wasatch E Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch E's standard deviation. In reality, there are many statistical measures that can use Wasatch E historical prices to predict the future Wasatch E's volatility.| Risk Adjusted Performance | 0.1591 | |||
| Jensen Alpha | 0.0602 | |||
| Total Risk Alpha | 0.0417 | |||
| Sortino Ratio | 0.0999 | |||
| Treynor Ratio | 0.1665 |
Wasatch E Growth Backtested Returns
Wasatch E appears to be very steady, given 3 months investment horizon. Wasatch E Growth shows Sharpe Ratio of 0.18, which attests that the fund had a 0.18% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wasatch E Growth, which you can use to evaluate the volatility of the fund. Please utilize Wasatch E's Market Risk Adjusted Performance of 0.1765, mean deviation of 0.8366, and Downside Deviation of 0.9864 to validate if our risk estimates are consistent with your expectations. The entity maintains a market beta of 1.32, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wasatch E will likely underperform.
Auto-correlation | 0.62 |
Good predictability
Wasatch E Growth has good predictability. Overlapping area represents the amount of predictability between Wasatch E time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 E Growth price movement. The serial correlation of 0.62 indicates that roughly 62.0% of current Wasatch E price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.62 | |
| Spearman Rank Test | 0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 3.26 |
Wasatch E Growth lagged returns against current returns
Autocorrelation, which is Wasatch E 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 E's mutual fund expected returns. We can calculate the autocorrelation of Wasatch E returns to help us make a trade decision. For example, suppose you find that Wasatch E 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 E 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 E mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch E 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 E mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch E Lagged Returns
When evaluating Wasatch E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch E mutual fund have on its future price. Wasatch E 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 E autocorrelation shows the relationship between Wasatch E mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch E Growth.
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 E 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 E security.
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