Wasatch International Correlations
| WAISX Fund | USD 14.16 0.02 0.14% |
The correlation of Wasatch International 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 International Correlation With Market
Good diversification
The correlation between Wasatch International Select and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch International Select and DJI in the same portfolio, assuming nothing else is changed.
Wasatch |
Moving together with Wasatch Mutual Fund
| 0.61 | WAGOX | Wasatch Global Oppor | PairCorr |
| 0.75 | WAIGX | Wasatch International | PairCorr |
| 0.97 | WGISX | Wasatch International | PairCorr |
| 0.67 | WGGSX | Wasatch Global Select | PairCorr |
| 0.8 | WIEMX | Wasatch Emerging Markets | PairCorr |
| 0.87 | WIIGX | Wasatch International | PairCorr |
| 0.73 | WIGOX | Wasatch Global Oppor | PairCorr |
Related Correlations Analysis
| 0.85 | 0.69 | 0.55 | 0.75 | WAIOX | ||
| 0.85 | 0.85 | 0.67 | 0.69 | WAGSX | ||
| 0.69 | 0.85 | 0.43 | 0.85 | WAGOX | ||
| 0.55 | 0.67 | 0.43 | 0.28 | WAESX | ||
| 0.75 | 0.69 | 0.85 | 0.28 | WAIGX | ||
Risk-Adjusted Indicators
There is a big difference between Wasatch Mutual Fund performing well and Wasatch International 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 International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WAIOX | 0.53 | (0.15) | 0.00 | (0.18) | 0.00 | 0.91 | 3.63 | |||
| WAGSX | 0.59 | (0.15) | 0.00 | (0.07) | 0.00 | 1.36 | 3.46 | |||
| WAGOX | 0.78 | (0.15) | 0.00 | (0.03) | 0.00 | 1.38 | 3.95 | |||
| WAESX | 0.73 | (0.01) | (0.11) | 0.05 | 0.85 | 1.37 | 3.83 | |||
| WAIGX | 0.58 | (0.08) | 0.00 | (0.02) | 0.00 | 1.03 | 3.75 |