Wasatch Micro Correlations

WGICX Fund

USD 8.68 0.09 1.03%

The current 90-days correlation between Wasatch Micro Cap and Pace Smallmedium Value is 0.07 (i.e., Significant 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

Significant diversification

The correlation between Wasatch Micro Cap and DJI is 0.05 (i.e., Significant 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 various price indices.

Moving together with Wasatch Mutual Fund

0.76	VSGAX	Vanguard Small Cap	Pair Corr
0.76	VSGIX	Vanguard Small Cap	Pair Corr
0.89	VISGX	Vanguard Small Cap	Pair Corr
0.92	VEXPX	Vanguard Explorer	Pair Corr
0.82	VEXRX	Vanguard Explorer	Pair Corr
0.78	JGMIX	Janus Triton	Pair Corr
0.78	JGMRX	Janus Triton	Pair Corr
0.78	JGMAX	Janus Triton	Pair Corr
0.77	JGMCX	Janus Triton	Pair Corr
0.79	JGMNX	Janus Triton	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.63	VTSAX	Vanguard Total Stock	Pair Corr
0.78	VTSMX	Vanguard Total Stock	Pair Corr
0.78	VSTSX	Vanguard Total Stock	Pair Corr
0.63	VITSX	Vanguard Total Stock	Pair Corr
0.79	VSMPX	Vanguard Total Stock	Pair Corr
0.77	VTIAX	Vanguard Total Inter	Pair Corr
0.73	VFFSX	Vanguard 500 Index	Pair Corr
0.64	AA	Alcoa Corp	Pair Corr
0.73	WMT	Walmart Common Stock	Pair Corr

Moving against Wasatch Mutual Fund

0.36	PG	Procter Gamble	Pair Corr
0.35	CVX	Chevron Corp	Pair Corr

Related Correlations Analysis

	PEVAX	HSCVX	QUAIX	ARTSX	PASVX	GLVIX	ANTMX
PEVAX		0.9	0.73	0.92	0.93	0.74	0.82	PEVAX
HSCVX	0.9		0.71	0.91	0.87	0.55	0.68	HSCVX
QUAIX	0.73	0.71		0.75	0.63	0.54	0.83	QUAIX
ARTSX	0.92	0.91	0.75		0.95	0.7	0.73	ARTSX
PASVX	0.93	0.87	0.63	0.95		0.71	0.71	PASVX
GLVIX	0.74	0.55	0.54	0.7	0.71		0.67	GLVIX
ANTMX	0.82	0.68	0.83	0.73	0.71	0.67		ANTMX
	PEVAX	HSCVX	QUAIX	ARTSX	PASVX	GLVIX	ANTMX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PEVAX	0.76	0.02	0.02	0.07	0.92	(0.82)	2.28	(1.28)	3.82
HSCVX	0.67	0.00	0.00	0.05	0.85	(0.73)	1.51	(1.31)	3.86
QUAIX	1.21	(0.04)	(0.01)	0.02	1.65	(1.18)	2.07	(2.66)	7.26
ARTSX	1.14	0.12	0.11	0.13	1.11	(1.31)	1.98	(1.94)	13.44
PASVX	0.94	0.13	0.15	0.13	0.82	(1.04)	1.80	(1.84)	13.89
GLVIX	0.99	0.18	0.17	0.21	0.83	(1.15)	1.78	(1.72)	16.01
ANTMX	0.70	(0.01)	(0.02)	0.04	0.93	(0.70)	1.29	(1.60)	3.31

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