Wasatch Emerging Markets Fund Market Value
| WIESX Fund | USD 16.42 0.19 1.17% |
| Symbol | Wasatch |
Wasatch Emerging '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 Emerging'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 Emerging.
| 03/31/2024 |
| 04/30/2024 |
If you would invest 0.00 in Wasatch Emerging on March 31, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Emerging Markets or generate 0.0% return on investment in Wasatch Emerging over 30 days. Wasatch Emerging is related to or competes with Wasatch Emerging, Wasatch Emerging, Wasatch Global, and Wasatch International. The fund invests primarily in companies of all market capitalizations that are tied economically to emerging market coun... More
Wasatch Emerging 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 Emerging'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 Emerging Markets upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8394 | |||
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 3.13 | |||
| Value At Risk | (1.34) | |||
| Potential Upside | 1.36 |
Wasatch Emerging Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Emerging's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Emerging's standard deviation. In reality, there are many statistical measures that can use Wasatch Emerging historical prices to predict the future Wasatch Emerging's volatility.| Risk Adjusted Performance | 0.0083 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | (0.1) | |||
| 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 Emerging'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 Emerging Markets Backtested Returns
We consider Wasatch Emerging very steady. Wasatch Emerging Markets shows Sharpe Ratio of 0.0866, which attests that the fund had a 0.0866% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Wasatch Emerging Markets, which you can use to evaluate the volatility of the fund. Please check out Wasatch Emerging's Mean Deviation of 0.6584, downside deviation of 0.8394, and Market Risk Adjusted Performance of 0.007 to validate if the risk estimate we provide is consistent with the expected return of 0.0693%. The entity maintains a market beta of 0.72, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wasatch Emerging's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wasatch Emerging is expected to be smaller as well.
Auto-correlation | -0.57 |
Good reverse predictability
Wasatch Emerging Markets has good reverse predictability. Overlapping area represents the amount of predictability between Wasatch Emerging time series from 31st of March 2024 to 15th of April 2024 and 15th of April 2024 to 30th 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 Emerging Markets price movement. The serial correlation of -0.57 indicates that roughly 57.0% of current Wasatch Emerging price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.57 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Wasatch Emerging Markets lagged returns against current returns
Autocorrelation, which is Wasatch Emerging 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 Emerging's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Emerging returns to help us make a trade decision. For example, suppose you find that Wasatch Emerging 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 Emerging 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 Emerging mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Emerging 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 Emerging mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Emerging Lagged Returns
When evaluating Wasatch Emerging's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Emerging mutual fund have on its future price. Wasatch Emerging 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 Emerging autocorrelation shows the relationship between Wasatch Emerging mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Emerging Markets.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Wasatch Emerging in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Wasatch Emerging's short interest history, or implied volatility extrapolated from Wasatch Emerging options trading.
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 Wasatch Emerging Correlation, Wasatch Emerging Volatility and Wasatch Emerging Alpha and Beta module to complement your research on Wasatch Emerging. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
Wasatch Emerging 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.