Wasatch Micro Correlations

Mutual Funds . USA . 
Fund . Wasatch Micro Cap
WGICX Fund  USD 7.65  0.15  1.92%   
The current 90-days correlation between Wasatch Micro Cap and Thrivent Natural Resources is 0.13 (i.e., Average diversification). The correlation of Wasatch Micro 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 Micro Correlation With Market

Very poor diversification

The correlation between Wasatch Micro Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Micro Cap 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 Micro 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 main economic indicators.

Moving together with Wasatch Mutual Fund

  0.99WAAEX Wasatch Small CapPairCorr
  0.91WAEMX Wasatch Emerging MarketsPairCorr
  0.92WAESX Wasatch Emerging MarketsPairCorr
  0.96WAGSX Wasatch Global SelectPairCorr
  0.97WAGOX Wasatch Global OpporPairCorr
  0.91WAFMX Wasatch Frontier EmergingPairCorr
  0.9WAIOX Wasatch InternationalPairCorr
  0.74WAINX Wasatch Emerging IndiaPairCorr
  0.89WAIVX Wasatch InternationalPairCorr
  0.92WAISX Wasatch InternationalPairCorr
  0.92WAIGX Wasatch InternationalPairCorr
  0.96WAMVX Wasatch Micro CapPairCorr
  0.82WALSX Wasatch Longshort AlphaPairCorr
  0.93WAMCX Wasatch Ultra GrowthPairCorr
  0.94WAUSX Wasatch Select InvestorPairCorr
  0.93WGISX Wasatch InternationalPairCorr
  0.96WGGSX Wasatch Global SelectPairCorr
  0.97WGMCX Wasatch Ultra GrowthPairCorr
  0.99WGMVX Wasatch Micro CapPairCorr
  0.8WGLSX Wells Fargo AdvantagePairCorr
  0.92WGROX Wasatch E GrowthPairCorr
  0.94WGUSX Wasatch Select InstPairCorr
  0.96WIAEX Wasatch Small CapPairCorr
  0.98WICVX Wasatch Small CapPairCorr
  0.9WIFMX Wasatch Frontier EmergingPairCorr
  0.91WIEMX Wasatch Emerging MarketsPairCorr
  0.92WIESX Wasatch Emerging MarketsPairCorr
  0.94WIIGX Wasatch InternationalPairCorr
  0.91WIIOX Wasatch InternationalPairCorr
  0.74WIINX Wasatch Emerging IndiaPairCorr
  0.97WIGRX Wasatch E GrowthPairCorr
  0.94WIGOX Wasatch Global OpporPairCorr
  0.9WILCX Wasatch Large CapPairCorr
  0.95WMCVX Wasatch Small CapPairCorr
  1.0WMICX Wasatch Micro CapPairCorr
  0.89FMIEX Wasatch Large CapPairCorr

Moving against Wasatch Mutual Fund

  0.5WHOSX Wasatch HoisingtonPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Micro 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 Micro'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.

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