Washington Mutual Investors Fund Market Value

WSHCX Fund  USD 60.99  0.56  0.93%   
Washington Mutual's market value is the price at which a share of Washington Mutual trades on a public exchange. It measures the collective expectations of Washington Mutual Investors investors about its performance. Washington Mutual is trading at 60.99 as of the 28th of March 2024; that is 0.93% increase since the beginning of the trading day. The fund's open price was 60.43.
With this module, you can estimate the performance of a buy and hold strategy of Washington Mutual Investors and determine expected loss or profit from investing in Washington Mutual over a given investment horizon. Check out Washington Mutual Correlation, Washington Mutual Volatility and Washington Mutual Alpha and Beta module to complement your research on Washington Mutual.
Symbol

Please note, there is a significant difference between Washington Mutual's value and its price as these two are different measures arrived at by different means. Investors typically determine if Washington Mutual is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Washington Mutual'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.

Washington Mutual '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 Washington Mutual'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 Washington Mutual.
0.00
02/27/2024
No Change 0.00  0.0 
In 30 days
03/28/2024
0.00
If you would invest  0.00  in Washington Mutual on February 27, 2024 and sell it all today you would earn a total of 0.00 from holding Washington Mutual Investors or generate 0.0% return on investment in Washington Mutual over 30 days. Washington Mutual is related to or competes with State Farm, Income Fund, American Funds, American Mutual, American Mutual, American Funds, and American Funds. The fund invests primarily in common stocks of established companies that are listed on, or meet the financial listing r... More

Washington Mutual 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 Washington Mutual'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 Washington Mutual Investors upside and downside potential and time the market with a certain degree of confidence.

Washington Mutual Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Washington Mutual's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Washington Mutual's standard deviation. In reality, there are many statistical measures that can use Washington Mutual historical prices to predict the future Washington Mutual's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Washington Mutual'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.
Hype
Prediction
LowEstimatedHigh
60.4360.9961.55
Details
Intrinsic
Valuation
LowRealHigh
58.5559.1167.09
Details
Naive
Forecast
LowNextHigh
60.5261.0861.64
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
60.1860.6661.14
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Washington Mutual. Your research has to be compared to or analyzed against Washington Mutual's peers to derive any actionable benefits. When done correctly, Washington Mutual's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Washington Mutual.

Washington Mutual Backtested Returns

We consider Washington Mutual very steady. Washington Mutual shows Sharpe Ratio of 0.25, which attests that the fund had a 0.25% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Washington Mutual, which you can use to evaluate the volatility of the fund. Please check out Washington Mutual's Market Risk Adjusted Performance of (2.43), mean deviation of 0.4161, and Downside Deviation of 0.5042 to validate if the risk estimate we provide is consistent with the expected return of 0.14%. The entity maintains a market beta of -0.0526, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Washington Mutual are expected to decrease at a much lower rate. During the bear market, Washington Mutual is likely to outperform the market.

Auto-correlation

    
  0.55  

Modest predictability

Washington Mutual Investors has modest predictability. Overlapping area represents the amount of predictability between Washington Mutual time series from 27th of February 2024 to 13th of March 2024 and 13th of March 2024 to 28th of March 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 Washington Mutual price movement. The serial correlation of 0.55 indicates that about 55.0% of current Washington Mutual price fluctuation can be explain by its past prices.
Correlation Coefficient0.55
Spearman Rank Test0.51
Residual Average0.0
Price Variance0.26

Washington Mutual lagged returns against current returns

Autocorrelation, which is Washington Mutual 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 Washington Mutual's mutual fund expected returns. We can calculate the autocorrelation of Washington Mutual returns to help us make a trade decision. For example, suppose you find that Washington Mutual 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  

Washington Mutual 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 Washington Mutual mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Washington Mutual mutual fund is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Washington Mutual mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Washington Mutual Lagged Returns

When evaluating Washington Mutual's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Washington Mutual mutual fund have on its future price. Washington Mutual 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, Washington Mutual autocorrelation shows the relationship between Washington Mutual mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Washington Mutual Investors.
   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.
Check out Washington Mutual Correlation, Washington Mutual Volatility and Washington Mutual Alpha and Beta module to complement your research on Washington Mutual.
Note that the Washington Mutual information on this page should be used as a complementary analysis to other Washington Mutual's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Piotroski F Score module to get Piotroski F Score based on the binary analysis strategy of nine different fundamentals.

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When running Washington Mutual's price analysis, check to measure Washington Mutual's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Washington Mutual is operating at the current time. Most of Washington Mutual's value examination focuses on studying past and present price action to predict the probability of Washington Mutual's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Washington Mutual's price. Additionally, you may evaluate how the addition of Washington Mutual to your portfolios can decrease your overall portfolio volatility.
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Washington Mutual 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.
A focus of Washington Mutual technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Washington Mutual trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...