Wasatch International Opportunities Fund Market Value
| WAIOX Fund | USD 3.12 0.07 2.30% |
| Symbol | Wasatch |
Wasatch International '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 International'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 International.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Wasatch International on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch International Opportunities or generate 0.0% return on investment in Wasatch International over 30 days. Wasatch International is related to or competes with Wasatch World, Wasatch Small, Wasatch Emerging, Wasatch Micro. The fund invests primarily in foreign micro cap companies More
Wasatch International 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 International'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 International Opportunities upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 4.18 | |||
| Value At Risk | (1.91) | |||
| Potential Upside | 1.61 |
Wasatch International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch International's standard deviation. In reality, there are many statistical measures that can use Wasatch International historical prices to predict the future Wasatch International's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.20) | |||
| Treynor Ratio | (0.06) |
Wasatch International Backtested Returns
Wasatch International shows Sharpe Ratio of -5.0E-4, which attests that the fund had a -5.0E-4% return per unit of risk over the last 3 months. Wasatch International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wasatch International's Mean Deviation of 0.7784, market risk adjusted performance of (0.05), and Standard Deviation of 0.9832 to validate the risk estimate we provide. The entity maintains a market beta of 0.59, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wasatch International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wasatch International is expected to be smaller as well.
Auto-correlation | -0.58 |
Good reverse predictability
Wasatch International Opportunities has good reverse predictability. Overlapping area represents the amount of predictability between Wasatch International time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 International price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current Wasatch International price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Wasatch International lagged returns against current returns
Autocorrelation, which is Wasatch International 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 International's mutual fund expected returns. We can calculate the autocorrelation of Wasatch International returns to help us make a trade decision. For example, suppose you find that Wasatch International 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 International 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 International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch International 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 International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch International Lagged Returns
When evaluating Wasatch International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch International mutual fund have on its future price. Wasatch International 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 International autocorrelation shows the relationship between Wasatch International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch International Opportunities.
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 International 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 International security.
| Fundamental Analysis View fundamental data based on most recent published financial statements | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Commodity Channel Use Commodity Channel Index to analyze current equity momentum |