Wasatch E Growth Fund Market Value

WGROX Fund  USD 90.14  0.17  0.19%   
Wasatch E's market value is the price at which a share of Wasatch E trades on a public exchange. It measures the collective expectations of Wasatch E Growth investors about its performance. Wasatch E is trading at 90.14 as of the 29th of March 2024; that is 0.19 percent up since the beginning of the trading day. The fund's open price was 89.97.
With this module, you can estimate the performance of a buy and hold strategy of Wasatch E Growth and determine expected loss or profit from investing in Wasatch E over a given investment horizon. Check out Wasatch E Correlation, Wasatch E Volatility and Wasatch E Alpha and Beta module to complement your research on Wasatch E.
Symbol

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

Wasatch E '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 E'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 E.
0.00
02/28/2024
No Change 0.00  0.0 
In 30 days
03/29/2024
0.00
If you would invest  0.00  in Wasatch E on February 28, 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 E over 30 days. Wasatch E is related to or competes with Vanguard Small-cap, Vanguard Small-cap, Vanguard Small, Vanguard Explorer, Janus Triton, Janus Triton, and Janus Triton. The fund invests primarily in smaller growing companies at reasonable prices More

Wasatch E 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 E'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.

Wasatch E Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wasatch E's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Wasatch E's standard deviation. In reality, there are many statistical measures that can use Wasatch E historical prices to predict the future Wasatch E's volatility.
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Wasatch E'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
89.0590.1491.23
Details
Intrinsic
Valuation
LowRealHigh
88.0989.1890.27
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Wasatch E. Your research has to be compared to or analyzed against Wasatch E's peers to derive any actionable benefits. When done correctly, Wasatch E'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 Wasatch E Growth.

Wasatch E Growth Backtested Returns

We consider Wasatch E very steady. Wasatch E Growth shows Sharpe Ratio of 0.0897, which attests that the fund had a 0.0897% 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 E's Market Risk Adjusted Performance of 0.0505, downside deviation of 1.2, and Mean Deviation of 0.8215 to validate if the risk estimate we provide is consistent with the expected return of 0.0975%. The entity maintains a market beta of 1.62, 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 E will likely underperform.

Auto-correlation

    
  -0.28  

Weak reverse predictability

Wasatch E Growth has weak reverse predictability. Overlapping area represents the amount of predictability between Wasatch E time series from 28th of February 2024 to 14th of March 2024 and 14th of March 2024 to 29th 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 Wasatch E Growth price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Wasatch E price fluctuation can be explain by its past prices.
Correlation Coefficient-0.28
Spearman Rank Test-0.19
Residual Average0.0
Price Variance0.7

Wasatch E Growth lagged returns against current returns

Autocorrelation, which is Wasatch E 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 E's mutual fund expected returns. We can calculate the autocorrelation of Wasatch E returns to help us make a trade decision. For example, suppose you find that Wasatch E 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 E 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 E mutual fund is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Wasatch E 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 E mutual fund over time.
   Current vs Lagged Prices   
       Timeline  

Wasatch E Lagged Returns

When evaluating Wasatch E's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Wasatch E mutual fund have on its future price. Wasatch E 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 E autocorrelation shows the relationship between Wasatch E 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 E Correlation, Wasatch E Volatility and Wasatch E Alpha and Beta module to complement your research on Wasatch E.
You can also try the Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Wasatch E's price analysis, check to measure Wasatch E'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 Wasatch E is operating at the current time. Most of Wasatch E's value examination focuses on studying past and present price action to predict the probability of Wasatch E's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wasatch E's price. Additionally, you may evaluate how the addition of Wasatch E to your portfolios can decrease your overall portfolio volatility.
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Wasatch E 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 Wasatch E technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Wasatch E 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...