Wasatch Emerging Correlations

WAEMX Fund

USD 1.76 0.01 0.57%

The current 90-days correlation between Wasatch Emerging Markets and Wasatch Global Opportunities is 0.13 (i.e., Average diversification). The correlation of Wasatch Emerging 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 Emerging Correlation With Market

Average diversification

The correlation between Wasatch Emerging Markets and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Emerging Markets and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wasatch Emerging Markets. 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 board of governors.

Moving together with Wasatch Mutual Fund

0.87	WAIOX	Wasatch International	Pair Corr
1.0	WAIGX	Wasatch International	Pair Corr
0.88	WIEMX	Wasatch Emerging Markets	Pair Corr
0.86	WIIGX	Wasatch International	Pair Corr
1.0	WIIOX	Wasatch International	Pair Corr

Moving against Wasatch Mutual Fund

0.99	WAINX	Wasatch Emerging India	Pair Corr
0.94	WAMVX	Wasatch Micro Cap	Pair Corr
0.91	WGROX	Wasatch E Growth	Pair Corr
0.87	WGUSX	Wasatch Select Inst	Pair Corr
0.82	WAGOX	Wasatch Global Oppor	Pair Corr
0.77	WICVX	Wasatch Small Cap	Pair Corr
0.68	WAUSX	Wasatch Select Investor	Pair Corr
0.67	WAAEX	Wasatch Small Cap	Pair Corr
0.67	WIAEX	Wasatch Small Cap	Pair Corr
0.66	WAIVX	Wasatch International	Pair Corr
0.61	WGICX	Wasatch Micro Cap	Pair Corr
0.59	WGMVX	Wasatch Micro Cap	Pair Corr
0.58	WAESX	Wasatch Emerging Markets Potential Growth	Pair Corr
0.58	WAMCX	Wasatch Ultra Growth	Pair Corr
0.45	WGMCX	Wasatch Ultra Growth	Pair Corr
0.39	WAGSX	Wasatch Global Select	Pair Corr
0.39	WGGSX	Wasatch Global Select	Pair Corr
0.93	FMIEX	Wasatch Large Cap	Pair Corr
0.92	NEWFX	New World Fund	Pair Corr
0.92	NWFFX	New World Fund	Pair Corr
0.86	WIINX	Wasatch Emerging India	Pair Corr
0.82	WIGOX	Wasatch Global Oppor	Pair Corr
0.81	WILCX	Wasatch Large Cap	Pair Corr
0.79	WIGRX	Wasatch E Growth	Pair Corr
0.77	WMCVX	Wasatch Small Cap	Pair Corr
0.76	NEWCX	New World Fund	Pair Corr
0.76	FWWNX	American Funds New	Pair Corr
0.76	FNFWX	American Funds New	Pair Corr
0.67	WMICX	Wasatch Micro Cap	Pair Corr
0.62	VTSMX	Vanguard Total Stock	Pair Corr

Related Correlations Analysis

	WAGOX	WIGOX	SKSEX	MASGX	TPIAX	EAEMX	MPACX	TARKX	SNGVX	BLYYX
WAGOX		1.0	0.77	0.59	0.78	0.69	0.47	0.74	0.77	0.28	WAGOX
WIGOX	1.0		0.77	0.59	0.78	0.69	0.47	0.74	0.77	0.28	WIGOX
SKSEX	0.77	0.77		0.28	0.92	0.82	0.32	0.91	0.66	0.13	SKSEX
MASGX	0.59	0.59	0.28		0.5	0.57	0.88	0.4	0.24	0.45	MASGX
TPIAX	0.78	0.78	0.92	0.5		0.92	0.57	0.94	0.57	0.38	TPIAX
EAEMX	0.69	0.69	0.82	0.57	0.92		0.59	0.83	0.5	0.27	EAEMX
MPACX	0.47	0.47	0.32	0.88	0.57	0.59		0.44	0.13	0.52	MPACX
TARKX	0.74	0.74	0.91	0.4	0.94	0.83	0.44		0.57	0.38	TARKX
SNGVX	0.77	0.77	0.66	0.24	0.57	0.5	0.13	0.57		0.05	SNGVX
BLYYX	0.28	0.28	0.13	0.45	0.38	0.27	0.52	0.38	0.05		BLYYX
	WAGOX	WIGOX	SKSEX	MASGX	TPIAX	EAEMX	MPACX	TARKX	SNGVX	BLYYX

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Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Emerging 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 Emerging'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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WAGOX	0.87	0.11	0.12	0.20	0.63	(1.16)	1.46	(1.20)	12.92
WIGOX	0.88	0.10	0.11	0.20	0.64	(1.17)	1.45	(1.18)	12.70
SKSEX	0.82	0.23	0.14	(1.91)	0.63	(1.01)	1.76	(1.53)	7.82
MASGX	0.78	0.09	0.09	0.20	0.62	(0.97)	1.75	(1.31)	4.10
TPIAX	0.59	0.08	0.00	0.56	0.57	(0.63)	1.18	(1.02)	2.75
EAEMX	0.36	0.09	0.03	0.62	0.19	(0.40)	0.86	(0.65)	1.94
MPACX	0.73	0.01	0.00	0.11	0.74	(0.87)	1.78	(1.42)	4.19
TARKX	1.35	0.23	0.09	0.96	1.58	(1.51)	3.10	(2.68)	8.20
SNGVX	0.11	0.00	(0.50)	0.01	0.08	(0.14)	0.29	(0.19)	0.77
BLYYX	0.71	(0.03)	(0.08)	(0.01)	1.07	(0.64)	1.32	(1.77)	4.07

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