Wasatch E Growth Fund Market Value
| WGROX Fund | USD 84.85 1.46 1.75% |
| Symbol | Wasatch |
Wasatch Core '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 Core'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 Core.
| 01/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in Wasatch Core on January 25, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch E Growth or generate 0.0% return on investment in Wasatch Core over 90 days. Wasatch Core is related to or competes with Wasatch Small, and Pear Tree. The fund invests primarily in smaller growing companies at reasonable prices More
Wasatch Core 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 Core'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 E Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.25 | |||
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 4.71 | |||
| Value At Risk | (1.86) | |||
| Potential Upside | 1.57 |
Wasatch Core Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Core's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Core's standard deviation. In reality, there are many statistical measures that can use Wasatch Core historical prices to predict the future Wasatch Core's volatility.| Risk Adjusted Performance | 0.0085 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.14) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch Core'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 E Growth Backtested Returns
We consider Wasatch Core very steady. Wasatch E Growth shows Sharpe Ratio of 0.0054, which attests that the fund had a 0.0054% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Wasatch E Growth, which you can use to evaluate the volatility of the fund. Please check out Wasatch Core's Downside Deviation of 1.25, mean deviation of 0.8479, and Market Risk Adjusted Performance of 0.0083 to validate if the risk estimate we provide is consistent with the expected return of 0.0059%. The entity maintains a market beta of 1.51, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Wasatch Core will likely underperform.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Wasatch E Growth has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Wasatch Core time series from 25th of January 2024 to 10th of March 2024 and 10th of March 2024 to 24th of April 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 E Growth price movement. The serial correlation of -0.72 indicates that around 72.0% of current Wasatch Core price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 5.48 |
Wasatch E Growth lagged returns against current returns
Autocorrelation, which is Wasatch Core 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 Core's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Core returns to help us make a trade decision. For example, suppose you find that Wasatch Core 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 Core 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 Core mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Core 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 Core mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Core Lagged Returns
When evaluating Wasatch Core's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Core mutual fund have on its future price. Wasatch Core 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 Core autocorrelation shows the relationship between Wasatch Core mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch E Growth.
Regressed Prices |
| Timeline |
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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.Check out Wasatch Core Correlation, Wasatch Core Volatility and Wasatch Core Alpha and Beta module to complement your research on Wasatch Core. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.
Wasatch Core technical mutual fund analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, fund market cycles, or different charting patterns.