Wasatch Large Correlations

FMIEX Fund

USD 11.29 0.06 0.53%

The current 90-days correlation between Wasatch Large Cap and Rbc Money Market is -0.1 (i.e., Good diversification). The correlation of Wasatch Large is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Wasatch Large Correlation With Market

Poor diversification

The correlation between Wasatch Large Cap and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Wasatch Large Cap. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in banks.

Moving together with WASATCH Mutual Fund

1.0	WILCX	Wasatch Large Cap	Pair Corr
0.81	TEDRX	Franklin Mutual Global	Pair Corr
0.82	FMDRX	Franklin Mutual Global	Pair Corr
0.8	DOXWX	Dodge Cox Global	Pair Corr
0.79	DODWX	Dodge Global Stock	Pair Corr
0.88	TRZRX	T Rowe Price	Pair Corr
0.73	TEDIX	Franklin Mutual Global	Pair Corr
0.82	MDISX	Franklin Mutual Global	Pair Corr
0.72	TEDSX	Franklin Mutual Global	Pair Corr
0.88	PRAFX	T Rowe Price	Pair Corr
0.81	BEGRX	Franklin Mutual Beacon	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VSMPX	Vanguard Total Stock	Pair Corr
0.84	VITSX	Vanguard Total Stock	Pair Corr
0.78	VFFSX	Vanguard 500 Index	Pair Corr
0.85	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTISX	Vanguard Total Inter	Pair Corr
0.76	VTSNX	Vanguard Total Inter	Pair Corr
0.85	VTPSX	Vanguard Total Inter	Pair Corr
0.85	VINIX	Vanguard Institutional	Pair Corr
0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.76	GWLRX	Aberdeen Gbl Eq	Pair Corr
0.78	PCMNX	Pace Municipal Fixed	Pair Corr
0.83	RNGEX	New Economy Fund	Pair Corr
0.8	VNDFX	Viking Tax Free	Pair Corr
0.82	FGIAX	Nuveen Global Infras	Pair Corr
0.81	TEDLX	Tiaa Cref Emerging	Pair Corr
0.77	ABHYX	High Yield Municipal	Pair Corr
0.78	ASDCX	Aamhimco Short Duration	Pair Corr
0.88	BIICX	Blackrock Incm Ptf	Pair Corr
0.75	BAFZX	Brown Advisory Mortgage	Pair Corr
0.75	SSTHX	Wells Fargo Short	Pair Corr
0.77	OTPIX	Nasdaq 100 Profund	Pair Corr
0.85	FFOLX	Fidelity Freedom Index	Pair Corr
0.74	PBSMX	Prudential Short Term	Pair Corr
0.78	FAPHX	Fidelity Summer Street	Pair Corr
0.81	WMBFX	Wealthbuilder Moderate	Pair Corr
0.79	UINQX	Usaa Nasdaq 100	Pair Corr
0.85	EIPIX	Eip Growth And	Pair Corr

Moving against WASATCH Mutual Fund

0.59

WIFMX

Wasatch Frontier Emerging

Pair Corr

Related Correlations Analysis

	0P000070L2	MIIIX	FHTFX	BBINX	GHVIX	UIITX	MSTBX	XAFBX
0P000070L2		0.68	0.76	0.82	0.6	0.77	0.8	0.65	0P000070L2
MIIIX	0.68		0.81	0.82	0.64	0.96	0.91	0.8	MIIIX
FHTFX	0.76	0.81		0.99	0.73	0.81	0.86	0.97	FHTFX
BBINX	0.82	0.82	0.99		0.71	0.83	0.86	0.95	BBINX
GHVIX	0.6	0.64	0.73	0.71		0.68	0.75	0.68	GHVIX
UIITX	0.77	0.96	0.81	0.83	0.68		0.91	0.78	UIITX
MSTBX	0.8	0.91	0.86	0.86	0.75	0.91		0.79	MSTBX
XAFBX	0.65	0.8	0.97	0.95	0.68	0.78	0.79		XAFBX
	0P000070L2	MIIIX	FHTFX	BBINX	GHVIX	UIITX	MSTBX	XAFBX

Risk-Adjusted Indicators

There is a big difference between WASATCH Mutual Fund performing well and Wasatch Large Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Wasatch Large's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
0P000070L2	0.04	0.01	0.00	(2.99)	0.00	0.30	0.00	0.40
MIIIX	0.18	0.03	(0.21)	2.66	(0.21)	0.42	(0.31)	1.05
FHTFX	0.14	0.05	(0.11)	1.55	(0.24)	0.39	(0.25)	1.16
BBINX	0.09	0.02	(0.41)	1.28	(0.16)	0.29	(0.10)	0.59
GHVIX	0.14	0.01	(0.33)	0.45	(0.17)	0.28	(0.22)	0.78
UIITX	0.16	0.03	(0.21)	1.90	(0.21)	0.33	(0.32)	0.97
MSTBX	0.08	0.01	(0.55)	0.35	(0.13)	0.20	(0.10)	0.41
XAFBX	0.24	0.08	0.05	0.93	(0.35)	0.84	(0.41)	2.26

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