Wasatch Strategic Income Fund Market Value
| WASIX Fund | USD 11.68 0.15 1.30% |
| Symbol | Wasatch |
Wasatch Strategic '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 Strategic'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 Strategic.
| 12/15/2024 |
| 03/15/2025 |
If you would invest 0.00 in Wasatch Strategic on December 15, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Strategic Income or generate 0.0% return on investment in Wasatch Strategic over 90 days. Wasatch Strategic is related to or competes with Wasatch World, Wasatch International, Wasatch International, Wasatch Micro, and Wasatch Small. Under normal market conditions, the fund invests primarily in equity securities of domestic and foreign micro, small, an... More
Wasatch Strategic 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 Strategic'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 Strategic Income upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0985 | |||
| Maximum Drawdown | 4.28 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 1.66 |
Wasatch Strategic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Strategic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Strategic's standard deviation. In reality, there are many statistical measures that can use Wasatch Strategic historical prices to predict the future Wasatch Strategic's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | 0.0794 | |||
| Treynor Ratio | 0.1706 |
Wasatch Strategic Income Backtested Returns
At this stage we consider Wasatch Mutual Fund to be very steady. Wasatch Strategic Income shows Sharpe Ratio of close to zero, which attests that the fund had a close to zero % return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Wasatch Strategic Income, which you can use to evaluate the volatility of the fund. Please check out Wasatch Strategic's Market Risk Adjusted Performance of 0.1806, mean deviation of 0.6165, and Standard Deviation of 0.8423 to validate if the risk estimate we provide is consistent with the expected return of 0.0038%. The entity maintains a market beta of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wasatch Strategic are expected to decrease at a much lower rate. During the bear market, Wasatch Strategic is likely to outperform the market.
Auto-correlation | 0.09 |
Virtually no predictability
Wasatch Strategic Income has virtually no predictability. Overlapping area represents the amount of predictability between Wasatch Strategic 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 Strategic Income price movement. The serial correlation of 0.09 indicates that less than 9.0% of current Wasatch Strategic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.09 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Wasatch Strategic Income lagged returns against current returns
Autocorrelation, which is Wasatch Strategic 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 Strategic's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Strategic returns to help us make a trade decision. For example, suppose you find that Wasatch Strategic 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 Strategic 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 Strategic mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Strategic 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 Strategic mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Strategic Lagged Returns
When evaluating Wasatch Strategic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Strategic mutual fund have on its future price. Wasatch Strategic 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 Strategic autocorrelation shows the relationship between Wasatch Strategic mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Strategic Income.
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 Strategic 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 Strategic security.
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