Wasatch Longshort Alpha Fund Price on September 18, 2024
| WALSX Fund | USD 15.32 0.11 0.71% |
If you're considering investing in Wasatch Mutual Fund, it is important to understand the factors that can impact its price. As of today, the current price of Wasatch Long/short stands at 15.32, as last reported on the 29th of November, with the highest price reaching 15.32 and the lowest price hitting 15.32 during the day. At this stage we consider Wasatch Mutual Fund to be very steady. Wasatch Longshort Alpha shows Sharpe Ratio of 0.0508, which attests that the fund had a 0.0508% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wasatch Longshort Alpha, which you can use to evaluate the volatility of the fund. Please check out Wasatch Long/short's Mean Deviation of 0.5772, market risk adjusted performance of 0.0201, and Downside Deviation of 0.845 to validate if the risk estimate we provide is consistent with the expected return of 0.0435%.
Wasatch Mutual Fund price history is provided at the adjusted basis, taking into account all of the recent filings.
Wasatch |
Sharpe Ratio = 0.0508
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | WALSX |
Estimated Market Risk
| 0.86 actual daily | 7 93% of assets are more volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average Wasatch Long/short is performing at about 4% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Wasatch Long/short by adding it to a well-diversified portfolio.
Wasatch Long/short Valuation on September 18, 2024
It is possible to determine the worth of Wasatch Long/short on a given historical date. On September 18, 2024 Wasatch was worth 15.23 at the beginning of the trading date compared to the closed value of 15.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Wasatch Long/short mutual fund. Still, in general, we apply an absolute valuation method to find Wasatch Long/short's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Wasatch Long/short where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Wasatch Long/short's related companies.
| Open | High | Low | Close | Volume | |
| 15.26 | 15.26 | 15.26 | 15.26 | 1.00 | |
09/18/2024 | 15.23 | 15.23 | 15.23 | 15.23 | 1.00 |
| 15.48 | 15.48 | 15.48 | 15.48 | 1.00 |
| Backtest Wasatch Long/short | | | Wasatch Long/short History | | | Wasatch Long/short Valuation | Previous | Next |
Wasatch Long/short Trading Date Momentum on September 18, 2024
| On September 19 2024 Wasatch Longshort Alpha was traded for 15.48 at the closing time. The highest daily price throughout the period was 15.48 and the lowest price was 15.48 . There was no trading activity during the period 1.0. Lack of trading volume on 09/19/2024 added to the next day price jump. The trading price change to closing price of the next trading day was 1.64% . The trading price change to current closing price is 0.72% . |
Wasatch Longshort Alpha Fundamentals Correlations and Trends
By evaluating Wasatch Long/short's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Wasatch Long/short's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Wasatch financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Wasatch Long/short Mutual Fund history
Wasatch Long/short investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Wasatch is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Wasatch Longshort Alpha will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Wasatch Long/short stock prices may prove useful in developing a viable investing in Wasatch Long/short
The fund adviser seeks to provide higher risk-adjusted returns with lower volatility compared to domestic equity markets. The adviser will establish long and short positions in a portfolio of equity securities of companies of all market capitalizations. Under normal market conditions, the advisor expects to invest the funds assets primarily in companies domiciled in the U.S. or listed on a U.S. exchange. The fund is non-diversified.
Wasatch Long/short Mutual Fund Technical Analysis
Wasatch Long/short technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.
Price Boundaries
Wasatch Long/short Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Wasatch Longshort Alpha cannot be verified against its exchange. Please verify the symbol is currently traded on NMFQS Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Wasatch Long/short November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Wasatch Long/short mutual fund reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Wasatch Long/short shares will generate the highest return on investment. By undertsting and applying Wasatch Long/short mutual fund market strength indicators, traders can identify Wasatch Longshort Alpha entry and exit signals to maximize returns
Wasatch Long/short Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Wasatch Long/short's price direction in advance. Along with the technical and fundamental analysis of Wasatch Mutual Fund historical price patterns, it is also worthwhile for investors to track various predictive indicators of Wasatch to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0185 | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.13) | |||
| Treynor Ratio | 0.0101 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Other Information on Investing in Wasatch Mutual Fund
Wasatch Long/short 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 Long/short security.
| Equity Forecasting Use basic forecasting models to generate price predictions and determine price momentum | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings |