Wasatch Strategic Income Fund Market Value

WASIX Fund  USD 11.60  0.06  0.51%   
Wasatch Strategic's market value is the price at which a share of Wasatch Strategic trades on a public exchange. It measures the collective expectations of Wasatch Strategic Income investors about its performance. Wasatch Strategic is trading at 11.60 as of the 3rd of December 2024; that is 0.51 percent down since the beginning of the trading day. The fund's open price was 11.66.
With this module, you can estimate the performance of a buy and hold strategy of Wasatch Strategic Income and determine expected loss or profit from investing in Wasatch Strategic over a given investment horizon. Check out Wasatch Strategic Correlation, Wasatch Strategic Volatility and Wasatch Strategic Alpha and Beta module to complement your research on Wasatch Strategic.
Symbol

Please note, there is a significant difference between Wasatch Strategic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wasatch Strategic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wasatch Strategic'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 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.
0.00
12/14/2022
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/03/2024
0.00
If you would invest  0.00  in Wasatch Strategic on December 14, 2022 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 720 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.

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.
Hype
Prediction
LowEstimatedHigh
11.0611.6612.26
Details
Intrinsic
Valuation
LowRealHigh
11.0411.6412.24
Details
Naive
Forecast
LowNextHigh
11.0311.6312.23
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
11.1911.5011.81
Details

Wasatch Strategic Income Backtested Returns

At this stage we consider Wasatch Mutual Fund to be very steady. Wasatch Strategic Income shows Sharpe Ratio of 0.0324, which attests that the fund had a 0.0324% return per unit of risk over the last 3 months. We have found twenty-seven 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 0.0251, mean deviation of 0.4842, and Downside Deviation of 0.7177 to validate if the risk estimate we provide is consistent with the expected return of 0.0194%. The entity maintains a market beta of 0.25, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Wasatch Strategic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wasatch Strategic is expected to be smaller as well.

Auto-correlation

    
  -0.53  

Good reverse predictability

Wasatch Strategic Income has good reverse predictability. Overlapping area represents the amount of predictability between Wasatch Strategic time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd 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 Strategic Income price movement. The serial correlation of -0.53 indicates that about 53.0% of current Wasatch Strategic price fluctuation can be explain by its past prices.
Correlation Coefficient-0.53
Spearman Rank Test-0.33
Residual Average0.0
Price Variance0.23

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  

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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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