Wasatch Ultra Growth Fund Market Value
| WAMCX Fund | USD 30.81 0.11 0.36% |
| Symbol | Wasatch |
Wasatch Ultra '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 Ultra'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 Ultra.
| 03/26/2024 |
| 04/25/2024 |
If you would invest 0.00 in Wasatch Ultra on March 26, 2024 and sell it all today you would earn a total of 0.00 from holding Wasatch Ultra Growth or generate 0.0% return on investment in Wasatch Ultra over 30 days. Wasatch Ultra is related to or competes with Champlain Mid, Aberdeen Select, Marsico 21st, Diamond Hill, and Amg Timessquare. The fund invests primarily in smaller high growth companies More
Wasatch Ultra 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 Ultra'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 Ultra Growth upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.49 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 5.93 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.24 |
Wasatch Ultra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch Ultra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch Ultra's standard deviation. In reality, there are many statistical measures that can use Wasatch Ultra historical prices to predict the future Wasatch Ultra's volatility.| Risk Adjusted Performance | 0.0111 | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.18) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | 0.0014 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch Ultra'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 Ultra Growth Backtested Returns
Wasatch Ultra Growth shows Sharpe Ratio of -0.0099, which attests that the fund had a -0.0099% return per unit of risk over the last 3 months. Wasatch Ultra Growth exposes twenty-eight different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Wasatch Ultra's Mean Deviation of 1.06, market risk adjusted performance of 0.0114, and Downside Deviation of 1.49 to validate the risk estimate we provide. The entity maintains a market beta of 1.77, 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 Ultra will likely underperform.
Auto-correlation | 0.64 |
Good predictability
Wasatch Ultra Growth has good predictability. Overlapping area represents the amount of predictability between Wasatch Ultra time series from 26th of March 2024 to 10th of April 2024 and 10th of April 2024 to 25th 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 Ultra Growth price movement. The serial correlation of 0.64 indicates that roughly 64.0% of current Wasatch Ultra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.64 | |
| Spearman Rank Test | 0.71 | |
| Residual Average | 0.0 | |
| Price Variance | 0.51 |
Wasatch Ultra Growth lagged returns against current returns
Autocorrelation, which is Wasatch Ultra 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 Ultra's mutual fund expected returns. We can calculate the autocorrelation of Wasatch Ultra returns to help us make a trade decision. For example, suppose you find that Wasatch Ultra 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 Ultra 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 Ultra mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch Ultra 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 Ultra mutual fund over time.
Current vs Lagged Prices |
| Timeline |
Wasatch Ultra Lagged Returns
When evaluating Wasatch Ultra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch Ultra mutual fund have on its future price. Wasatch Ultra 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 Ultra autocorrelation shows the relationship between Wasatch Ultra mutual fund current value and its past values and can show if there is a momentum factor associated with investing in Wasatch Ultra Growth.
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 Wasatch Ultra Correlation, Wasatch Ultra Volatility and Wasatch Ultra Alpha and Beta module to complement your research on Wasatch Ultra. Note that the Wasatch Ultra Growth information on this page should be used as a complementary analysis to other Wasatch Ultra'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 Stocks Directory module to find actively traded stocks across global markets.
Wasatch Ultra 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.