Wasatch Emerging Correlations

Mutual Funds . USA . 
Fund . Wasatch Emerging Markets
WIEMX Fund  USD 2.94  0.02  0.68%   
The current 90-days correlation between Wasatch Emerging Markets and Dodge Cox Emerging is 0.74 (i.e., Poor diversification). The correlation of Wasatch Emerging 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 Emerging Correlation With Market

Very good diversification

The correlation between Wasatch Emerging Markets and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Emerging Markets 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 Emerging Markets. 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 population.

Moving together with Wasatch Mutual Fund

  0.91WAAEX Wasatch Small CapPairCorr
  0.98WAEMX Wasatch Emerging MarketsPairCorr
  0.97WAESX Wasatch Emerging MarketsPairCorr
  0.92WAGSX Wasatch Global SelectPairCorr
  0.95WAGOX Wasatch Global OpporPairCorr
  0.94WAFMX Wasatch Frontier EmergingPairCorr
  0.97WAIOX Wasatch InternationalPairCorr
  0.86WAINX Wasatch Emerging IndiaPairCorr
  0.97WAIVX Wasatch InternationalPairCorr
  0.95WAISX Wasatch InternationalPairCorr
  0.96WAIGX Wasatch InternationalPairCorr
  0.93WAMVX Wasatch Micro CapPairCorr
  0.81WALSX Wasatch Longshort AlphaPairCorr
  0.92WAMCX Wasatch Ultra GrowthPairCorr
  0.93WAUSX Wasatch Select InvestorPairCorr
  0.91WGICX Wasatch Micro CapPairCorr
  0.95WGISX Wasatch InternationalPairCorr
  0.92WGGSX Wasatch Global SelectPairCorr
  0.92WGMCX Wasatch Ultra GrowthPairCorr
  0.93WGMVX Wasatch Micro CapPairCorr
  0.81WGLSX Wells Fargo AdvantagePairCorr
  0.88WGROX Wasatch E GrowthPairCorr
  0.9WGUSX Wasatch Select Inst Potential GrowthPairCorr
  0.91WIAEX Wasatch Small CapPairCorr
  0.92WICVX Wasatch Small CapPairCorr
  0.92WIFMX Wasatch Frontier EmergingPairCorr
  0.97WIESX Wasatch Emerging MarketsPairCorr
  0.96WIIGX Wasatch InternationalPairCorr
  0.97WIIOX Wasatch InternationalPairCorr
  0.86WIINX Wasatch Emerging IndiaPairCorr
  0.89WIGRX Wasatch E GrowthPairCorr
  0.95WIGOX Wasatch Global OpporPairCorr
  0.96WILCX Wasatch Large CapPairCorr
  0.92WMCVX Wasatch Small CapPairCorr
  0.91WMICX Wasatch Micro CapPairCorr
  0.95FMIEX Wasatch Large CapPairCorr

Moving against Wasatch Mutual Fund

  0.34WHOSX 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 Emerging 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 Emerging'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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