Wasatch World Innovators Fund Market Value
| WAGTX Fund | USD 14.20 0.22 1.53% |
| Symbol | Wasatch |
Wasatch World '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 World'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 World.
| 01/30/2025 |
| 03/01/2025 |
If you would invest 0.00 in Wasatch World on January 30, 2025 and sell it all today you would earn a total of 0.00 from holding Wasatch World Innovators or generate 0.0% return on investment in Wasatch World over 30 days. Wasatch World is related to or competes with Wasatch International, Wasatch Small, Wasatch Ultra, Wasatch Micro, and Wasatch Small. The fund invests primarily in equity securities of foreign growth companies that the adviser believes are innovators in ... More
Wasatch World 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 World'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 World Innovators upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.791 | |||
| Information Ratio | 0.1032 | |||
| Maximum Drawdown | 3.49 | |||
| Value At Risk | (1.09) | |||
| Potential Upside | 1.31 |
Wasatch World Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch World's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch World's standard deviation. In reality, there are many statistical measures that can use Wasatch World historical prices to predict the future Wasatch World's volatility.| Risk Adjusted Performance | 0.0636 | |||
| Jensen Alpha | 0.0621 | |||
| Total Risk Alpha | 0.0788 | |||
| Sortino Ratio | 0.0988 | |||
| Treynor Ratio | 0.1834 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch World'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 World Innovators Backtested Returns
At this stage we consider Wasatch Mutual Fund to be very steady. Wasatch World Innovators shows Sharpe Ratio of 0.0573, which attests that the fund had a 0.0573 % return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wasatch World Innovators, which you can use to evaluate the volatility of the fund. Please check out Wasatch World's Downside Deviation of 0.791, market risk adjusted performance of 0.1934, and Mean Deviation of 0.5754 to validate if the risk estimate we provide is consistent with the expected return of 0.0432%. The entity maintains a market beta of 0.3, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wasatch World's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wasatch World is expected to be smaller as well.
Auto-correlation | -0.51 |
Good reverse predictability
Wasatch World Innovators has good reverse predictability. Overlapping area represents the amount of predictability between Wasatch World time series from 30th of January 2025 to 14th of February 2025 and 14th of February 2025 to 1st 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 World Innovators price movement. The serial correlation of -0.51 indicates that about 51.0% of current Wasatch World price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
Wasatch World Innovators lagged returns against current returns
Autocorrelation, which is Wasatch World 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 World's mutual fund expected returns. We can calculate the autocorrelation of Wasatch World returns to help us make a trade decision. For example, suppose you find that Wasatch World 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 World 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 World mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch World 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 World mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch World Lagged Returns
When evaluating Wasatch World's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch World mutual fund have on its future price. Wasatch World 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 World autocorrelation shows the relationship between Wasatch World mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch World Innovators.
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 World 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 World security.
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