Wasatch Global Correlations

The current 90-days correlation between Wasatch Global Select and Alliancebernstein National Municipalome is 0.16 (i.e., Average diversification). The correlation of Wasatch Global 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 Global Correlation With Market

Poor diversification

The correlation between Wasatch Global Select and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Global Select and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios. 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 main economic indicators.

Moving together with Wasatch Mutual Fund

0.72	WAAEX	Wasatch Small Cap	Pair Corr
0.82	WAGSX	Wasatch Global Select	Pair Corr
0.69	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.62	WAIOX	Wasatch International	Pair Corr
0.63	WAISX	Wasatch International	Pair Corr
0.67	WAIGX	Wasatch International	Pair Corr
0.65	WGISX	Wasatch International	Pair Corr
0.74	WGROX	Wasatch E Growth	Pair Corr
0.71	WGUSX	Wasatch Select Inst	Pair Corr
0.72	WIAEX	Wasatch Small Cap	Pair Corr
0.77	WICVX	Wasatch Small Cap	Pair Corr
0.71	WIFMX	Wasatch Frontier Emerging	Pair Corr
0.67	WIIGX	Wasatch International	Pair Corr
0.62	WIIOX	Wasatch International	Pair Corr
0.74	WIGRX	Wasatch E Growth	Pair Corr
0.77	WMCVX	Wasatch Small Cap	Pair Corr

Moving against Wasatch Mutual Fund

0.52	WAIVX	Wasatch International	Pair Corr
0.57	GAAKX	Gmo Alternative Allo	Pair Corr
0.57	GAAGX	Gmo Alternative Allo	Pair Corr
0.43	PQTAX	Pimco Trends Managed	Pair Corr
0.43	PQTNX	Pimco Trends Managed	Pair Corr
0.38	PQTIX	Aa Pimco Tr	Pair Corr
0.36	WILCX	Wasatch Large Cap	Pair Corr
0.35	FMIEX	Wasatch Large Cap	Pair Corr
0.33	ANWPX	New Perspective	Pair Corr
0.33	CNPAX	New Perspective	Pair Corr

Related Correlations Analysis

	XAFBX	BBINX	OWCAX	TIMTX	JAFLX	MSTBX
XAFBX		0.99	0.98	0.99	0.93	0.94	XAFBX
BBINX	0.99		0.99	1.0	0.93	0.95	BBINX
OWCAX	0.98	0.99		0.99	0.94	0.96	OWCAX
TIMTX	0.99	1.0	0.99		0.93	0.95	TIMTX
JAFLX	0.93	0.93	0.94	0.93		0.96	JAFLX
MSTBX	0.94	0.95	0.96	0.95	0.96		MSTBX
	XAFBX	BBINX	OWCAX	TIMTX	JAFLX	MSTBX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Global 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 Global'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
XAFBX	0.25	0.10	0.22	1.21	(0.37)	0.84	(0.33)	2.18
BBINX	0.09	0.03	(0.12)	3.58	(0.17)	0.29	(0.10)	0.59
OWCAX	0.08	0.02	(0.23)	1.13	(0.14)	0.21	(0.10)	0.51
TIMTX	0.11	0.04	(0.03)	2.46	(0.17)	0.29	(0.10)	0.67
JAFLX	0.16	0.02	(0.11)	0.53	(0.22)	0.30	(0.20)	0.99
MSTBX	0.08	0.01	(0.30)	1.74	(0.13)	0.20	(0.10)	0.41

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