Wasatch Longshort Alpha Fund Market Value

WALSX Fund  USD 13.52  0.14  1.05%   
Wasatch Long/short's market value is the price at which a share of Wasatch Long/short trades on a public exchange. It measures the collective expectations of Wasatch Longshort Alpha investors about its performance. Wasatch Long/short is trading at 13.52 as of the 15th of March 2025; that is 1.05 percent up since the beginning of the trading day. The fund's open price was 13.38.
With this module, you can estimate the performance of a buy and hold strategy of Wasatch Longshort Alpha and determine expected loss or profit from investing in Wasatch Long/short over a given investment horizon. Check out Wasatch Long/short Correlation, Wasatch Long/short Volatility and Wasatch Long/short Alpha and Beta module to complement your research on Wasatch Long/short.
Symbol

Please note, there is a significant difference between Wasatch Long/short's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wasatch Long/short is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wasatch Long/short's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Wasatch Long/short '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 Long/short'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 Long/short.
0.00
12/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
03/15/2025
0.00
If you would invest  0.00  in Wasatch Long/short on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Longshort Alpha or generate 0.0% return on investment in Wasatch Long/short over 90 days. Wasatch Long/short is related to or competes with Wasatch Small, Wasatch Emerging, Wasatch Emerging, Wasatch Global, Wasatch Global, Wasatch Frontier, and Wasatch Greater. The fund adviser seeks to provide higher risk-adjusted returns with lower volatility compared to domestic equity markets More

Wasatch Long/short 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 Long/short'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 Longshort Alpha upside and downside potential and time the market with a certain degree of confidence.

Wasatch Long/short Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Long/short's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Long/short's standard deviation. In reality, there are many statistical measures that can use Wasatch Long/short historical prices to predict the future Wasatch Long/short's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch Long/short'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.
Hype
Prediction
LowEstimatedHigh
12.7713.5314.29
Details
Intrinsic
Valuation
LowRealHigh
12.9113.6714.43
Details
Naive
Forecast
LowNextHigh
12.7213.4814.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
13.2914.1114.92
Details

Wasatch Longshort Alpha Backtested Returns

Wasatch Longshort Alpha shows Sharpe Ratio of -0.2, which attests that the fund had a -0.2 % return per unit of risk over the last 3 months. Wasatch Longshort Alpha exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wasatch Long/short's Standard Deviation of 0.7411, mean deviation of 0.5598, and Market Risk Adjusted Performance of (0.31) to validate the risk estimate we provide. The entity maintains a market beta of 0.54, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wasatch Long/short's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wasatch Long/short is expected to be smaller as well.

Auto-correlation

    
  -0.4  

Poor reverse predictability

Wasatch Longshort Alpha has poor reverse predictability. Overlapping area represents the amount of predictability between Wasatch Long/short time series from 15th of December 2024 to 29th of January 2025 and 29th of January 2025 to 15th 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 Longshort Alpha price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Wasatch Long/short price fluctuation can be explain by its past prices.
Correlation Coefficient-0.4
Spearman Rank Test-0.35
Residual Average0.0
Price Variance0.13

Wasatch Longshort Alpha lagged returns against current returns

Autocorrelation, which is Wasatch Long/short 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 Long/short's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Long/short returns to help us make a trade decision. For example, suppose you find that Wasatch Long/short 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 Long/short 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 Long/short mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Long/short 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 Long/short mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Wasatch Long/short Lagged Returns

When evaluating Wasatch Long/short's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Long/short mutual fund have on its future price. Wasatch Long/short 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 Long/short autocorrelation shows the relationship between Wasatch Long/short mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Longshort Alpha.
   Regressed Prices   
       Timeline  

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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.
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