Wasatch Micro Cap Fund Market Value
| WAMVX Fund | USD 3.77 0.06 1.62% |
| Symbol | Wasatch |
Wasatch Micro '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 Micro'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 Micro.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Wasatch Micro on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Micro Cap or generate 0.0% return on investment in Wasatch Micro over 90 days. Wasatch Micro is related to or competes with Wasatch Micro, Wasatch International, Wasatch Small, Wasatch Emerging, and Wasatch International. The fund invests primarily in micro cap companies More
Wasatch Micro 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 Micro'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 Micro Cap upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 5.55 | |||
| Value At Risk | (2.26) | |||
| Potential Upside | 1.62 |
Wasatch Micro Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Micro's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Micro's standard deviation. In reality, there are many statistical measures that can use Wasatch Micro historical prices to predict the future Wasatch Micro's volatility.| Risk Adjusted Performance | (0.16) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.09) | |||
| Treynor Ratio | (0.27) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch Micro'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 Micro Cap Backtested Returns
Wasatch Micro Cap shows Sharpe Ratio of -0.17, which attests that the fund had a -0.17 % return per unit of risk over the last 3 months. Wasatch Micro Cap exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wasatch Micro's Standard Deviation of 1.26, mean deviation of 0.9862, and Market Risk Adjusted Performance of (0.26) to validate the risk estimate we provide. The entity maintains a market beta of 0.91, which attests to possible diversification benefits within a given portfolio. Wasatch Micro returns are very sensitive to returns on the market. As the market goes up or down, Wasatch Micro is expected to follow.
Auto-correlation | -0.35 |
Poor reverse predictability
Wasatch Micro Cap has poor reverse predictability. Overlapping area represents the amount of predictability between Wasatch Micro time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Micro Cap price movement. The serial correlation of -0.35 indicates that nearly 35.0% of current Wasatch Micro price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.35 | |
| Spearman Rank Test | -0.48 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Wasatch Micro Cap lagged returns against current returns
Autocorrelation, which is Wasatch Micro 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 Micro's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Micro returns to help us make a trade decision. For example, suppose you find that Wasatch Micro 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 Micro 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 Micro mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Micro 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 Micro mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Micro Lagged Returns
When evaluating Wasatch Micro's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Micro mutual fund have on its future price. Wasatch Micro 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 Micro autocorrelation shows the relationship between Wasatch Micro mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Micro Cap.
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 Micro 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 Micro security.
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