Wanger International Wanger Fund Market Value
| WSCAX Fund | USD 18.83 0.09 0.48% |
| Symbol | Wanger |
Wanger 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 Wanger 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 Wanger International.
| 09/19/2024 |
| 12/18/2024 |
If you would invest 0.00 in Wanger International on September 19, 2024 and sell it all today you would earn a total of 0.00 from holding Wanger International Wanger or generate 0.0% return on investment in Wanger International over 90 days. Wanger International is related to or competes with Bbh Intermediate, Pace High, T Rowe, Dreyfusstandish Global, Morningstar Defensive, and Ab Global. Wanger International is entity of United States More
Wanger 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 Wanger 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 Wanger International Wanger upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.27) | |||
| Maximum Drawdown | 4.65 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 1.37 |
Wanger International Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wanger International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wanger International's standard deviation. In reality, there are many statistical measures that can use Wanger International historical prices to predict the future Wanger International's volatility.| Risk Adjusted Performance | (0.14) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.36) |
Wanger International Backtested Returns
Wanger International shows Sharpe Ratio of -0.24, which attests that the fund had a -0.24% return per unit of risk over the last 3 months. Wanger International exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wanger International's Market Risk Adjusted Performance of (0.35), mean deviation of 0.6461, and Standard Deviation of 0.8663 to validate the risk estimate we provide. The entity maintains a market beta of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wanger International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wanger International is expected to be smaller as well.
Auto-correlation | 0.29 |
Poor predictability
Wanger International Wanger has poor predictability. Overlapping area represents the amount of predictability between Wanger International time series from 19th of September 2024 to 3rd of November 2024 and 3rd of November 2024 to 18th 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 Wanger International price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Wanger International price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Wanger International lagged returns against current returns
Autocorrelation, which is Wanger 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 Wanger International's mutual fund expected returns. We can calculate the autocorrelation of Wanger International returns to help us make a trade decision. For example, suppose you find that Wanger 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 |
Wanger 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 Wanger International mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wanger 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 Wanger International mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wanger International Lagged Returns
When evaluating Wanger International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wanger International mutual fund have on its future price. Wanger 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, Wanger International autocorrelation shows the relationship between Wanger International mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wanger International Wanger.
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 Wanger Mutual Fund
Wanger International financial ratios help investors to determine whether Wanger 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 Wanger with respect to the benefits of owning Wanger International security.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data |