Wasatch Ultra Correlations

WGMCX Fund

USD 33.64 0.42 1.23%

The current 90-days correlation between Wasatch Ultra Growth and Rbc Emerging Markets is -0.05 (i.e., Good diversification). The correlation of Wasatch Ultra 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 Ultra Correlation With Market

Significant diversification

The correlation between Wasatch Ultra Growth and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Ultra Growth 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 Ultra Growth. 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 private.

Moving together with Wasatch Mutual Fund

0.69	WAIVX	Wasatch International	Pair Corr
0.89	WAMCX	Wasatch Ultra Growth	Pair Corr
0.68	WILCX	Wasatch Large Cap	Pair Corr
0.67	FMIEX	Wasatch Large Cap	Pair Corr

Moving against Wasatch Mutual Fund

0.57	WGISX	Wasatch International	Pair Corr
0.53	WAISX	Wasatch International	Pair Corr
0.48	WIFMX	Wasatch Frontier Emerging	Pair Corr
0.45	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.41	WAIOX	Wasatch International	Pair Corr
0.4	WAIGX	Wasatch International	Pair Corr
0.37	WAGSX	Wasatch Global Select	Pair Corr
0.33	WGGSX	Wasatch Global Select	Pair Corr
0.43	WIIOX	Wasatch International	Pair Corr
0.4	WIIGX	Wasatch International	Pair Corr

Related Correlations Analysis

	REMVX	QNZIX	FEMDX	XMHFX	LMUSX	SEKRX	ADGAX	SEDAX
REMVX		0.93	0.89	0.78	0.88	0.88	0.86	0.93	REMVX
QNZIX	0.93		0.88	0.7	0.82	0.92	0.85	0.89	QNZIX
FEMDX	0.89	0.88		0.62	0.79	0.76	0.73	0.98	FEMDX
XMHFX	0.78	0.7	0.62		0.67	0.81	0.7	0.69	XMHFX
LMUSX	0.88	0.82	0.79	0.67		0.82	0.87	0.8	LMUSX
SEKRX	0.88	0.92	0.76	0.81	0.82		0.9	0.76	SEKRX
ADGAX	0.86	0.85	0.73	0.7	0.87	0.9		0.74	ADGAX
SEDAX	0.93	0.89	0.98	0.69	0.8	0.76	0.74		SEDAX
	REMVX	QNZIX	FEMDX	XMHFX	LMUSX	SEKRX	ADGAX	SEDAX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Ultra 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 Ultra'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
REMVX	0.65	0.13	0.12	0.26	0.71	(0.73)	1.38	(0.83)	4.64
QNZIX	0.61	0.13	0.08	4.98	0.72	(0.64)	1.23	(1.11)	4.01
FEMDX	0.16	0.05	(0.01)	(9.96)	0.00	(0.20)	0.39	(0.31)	0.86
XMHFX	0.15	0.03	(0.10)	1.74	0.00	(0.22)	0.29	(0.15)	1.45
LMUSX	0.56	0.05	0.04	0.10	0.74	(0.53)	1.25	(1.38)	3.59
SEKRX	0.80	0.12	0.06	1.79	1.01	(0.81)	1.54	(1.20)	5.48
ADGAX	0.55	0.05	0.00	0.72	0.82	(0.52)	1.05	(1.15)	3.56
SEDAX	0.18	0.06	0.05	0.82	0.00	(0.24)	0.44	(0.33)	1.09

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