Wasatch Micro Five Year Return vs. One Year Return
| WMICX Fund | USD 8.85 0.06 0.68% |
For Wasatch Micro profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Wasatch Micro to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Wasatch Micro Cap utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Wasatch Micro's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Wasatch Micro Cap over time as well as its relative position and ranking within its peers.
Wasatch |
Wasatch Micro Cap One Year Return vs. Five Year Return Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Wasatch Micro's current stock value. Our valuation model uses many indicators to compare Wasatch Micro value to that of its competitors to determine the firm's financial worth. Wasatch Micro Cap is rated third in five year return among similar funds. It is rated second in one year return among similar funds reporting about 3.63 of One Year Return per Five Year Return. The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Wasatch Micro's earnings, one of the primary drivers of an investment's value.Wasatch One Year Return vs. Five Year Return
Five Year Return is considered one of the best measures to evaluate fund performance, especially from the mid and long term perspective. It shows the total annualized return generated from holding equity for the last five years and represents capital appreciation of the investment, including all dividends, losses, and capital gains distributions.
Wasatch Micro |
| = | 11.85 % |
Although Five Year Returns can give a sense of overall investment potential, it is recommended to compare equity performance with similar assets for the same five year time interval. Similarly, comparing overall investment performance over the last five years with the appropriate market index is a great way to determine how this equity instrument will perform during unforeseen market fluctuations.
One Year Return is the annualized return generated from holding a security for exactly 12 months. The measure is considered to be good short-term measures of fund performance. In other words, it represents the capital appreciation of fund investments over the last year. However when the market is volatile such as in recent years, One Year Return measure can be misleading.
Wasatch Micro |
| = | 43.02 % |
Although One Year Fund Return indicator can give a sense of overall fund short-term potential, it is recommended to look at mid and long term return measure before selecting a particular fund or ETF. The great way to validate fund short-term performance is to compare it with other similar funds or ETFs for the same 12 months interval.
Wasatch One Year Return Comparison
Wasatch Micro is currently under evaluation in one year return among similar funds.
Wasatch Micro Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Wasatch Micro, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Wasatch Micro will eventually generate negative long term returns. The profitability progress is the general direction of Wasatch Micro's change in net profit over the period of time. It can combine multiple indicators of Wasatch Micro, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
The fund invests at least 80 percent of the funds net assets in the equity securities, typically common stock, of micro-capitalization companies. The adviser considers a company to be a micro-capitalization company if its market capitalization, at the time of purchase, is less than the larger of 1.5 billion or the market capitalization of the largest company in the Russell Microcap Index. It may invest up to 30 percent of its total assets at the time of purchase in equity securities issued by foreign companies.
Wasatch Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Wasatch Micro. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Wasatch Micro position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Wasatch Micro's important profitability drivers and their relationship over time.
Use Wasatch Micro in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Wasatch Micro position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Wasatch Micro will appreciate offsetting losses from the drop in the long position's value.Wasatch Micro Pair Trading
Wasatch Micro Cap Pair Trading Analysis
The ability to find closely correlated positions to Wasatch Micro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wasatch Micro when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Wasatch Micro - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Wasatch Micro Cap to buy it.
The correlation of Wasatch Micro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wasatch Micro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wasatch Micro Cap moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Wasatch Micro can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Wasatch Micro position
In addition to having Wasatch Micro in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Steel Works Etc theme has 54 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Steel Works Etc Theme or any other thematic opportunities.
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Other Information on Investing in Wasatch Mutual Fund
To fully project Wasatch Micro's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Wasatch Micro Cap at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Wasatch Micro's income statement, its balance sheet, and the statement of cash flows.
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