Wasatch Frontier Correlations

WIFMX Fund

USD 3.61 0.03 0.82%

The current 90-days correlation between Wasatch Frontier Emerging and Wasatch Small Cap is 0.6 (i.e., Poor diversification). The correlation of Wasatch Frontier 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 Frontier Correlation With Market

Very weak diversification

The correlation between Wasatch Frontier Emerging and DJI is 0.48 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Frontier Emerging 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 Frontier Emerging. 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 industry.

Moving together with Wasatch Mutual Fund

0.8	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.8	WAISX	Wasatch International	Pair Corr
0.82	WAIGX	Wasatch International	Pair Corr
0.64	WGROX	Wasatch E Growth	Pair Corr

Moving against Wasatch Mutual Fund

0.62	WILCX	Wasatch Large Cap	Pair Corr
0.55	WAIVX	Wasatch International	Pair Corr
0.69	MSTPX	Morningstar Municipal	Pair Corr
0.53	PQTNX	Pimco Trends Managed	Pair Corr
0.48	GEACX	Gmo Trust	Pair Corr
0.31	FELIX	Fidelity Advisor Sem	Pair Corr

Related Correlations Analysis

	WAAEX	WAEMX	WAESX	WAGSX	WAGOX	WAFMX	WAIOX	WAINX	WAIVX	WAISX
WAAEX		0.4	0.36	0.65	0.92	0.57	0.51	0.11	-0.06	0.53	WAAEX
WAEMX	0.4		0.84	0.02	0.36	-0.07	-0.1	0.4	0.44	-0.2	WAEMX
WAESX	0.36	0.84		-0.03	0.34	-0.16	-0.19	0.28	0.56	-0.33	WAESX
WAGSX	0.65	0.02	-0.03		0.73	0.7	0.92	-0.01	-0.5	0.81	WAGSX
WAGOX	0.92	0.36	0.34	0.73		0.56	0.61	0.09	-0.13	0.57	WAGOX
WAFMX	0.57	-0.07	-0.16	0.7	0.56		0.73	0.23	-0.75	0.9	WAFMX
WAIOX	0.51	-0.1	-0.19	0.92	0.61	0.73		0.09	-0.67	0.87	WAIOX
WAINX	0.11	0.4	0.28	-0.01	0.09	0.23	0.09		-0.19	0.03	WAINX
WAIVX	-0.06	0.44	0.56	-0.5	-0.13	-0.75	-0.67	-0.19		-0.79	WAIVX
WAISX	0.53	-0.2	-0.33	0.81	0.57	0.9	0.87	0.03	-0.79		WAISX
	WAAEX	WAEMX	WAESX	WAGSX	WAGOX	WAFMX	WAIOX	WAINX	WAIVX	WAISX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WAGOX	+ 0.92	WAAEX
WAIOX	+ 0.92	WAGSX
WAISX	+ 0.9	WAFMX
WAISX	+ 0.87	WAIOX
WAESX	+ 0.84	WAEMX
WAISX	+ 0.81	WAGSX

High negative correlations

WAISX	- 0.79	WAIVX
WAIVX	- 0.75	WAFMX
WAIVX	- 0.67	WAIOX
WAIVX	- 0.5	WAGSX
WAISX	- 0.33	WAESX
WAISX	- 0.2	WAEMX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Frontier 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 Frontier'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
WAAEX	0.87	(0.12)	0.00	(0.02)	0.00	0.00	1.99	(1.81)	5.02
WAEMX	0.72	(0.03)	(0.08)	0.01	0.76	(0.88)	1.43	(1.37)	4.24
WAESX	0.64	(0.05)	(0.09)	(0.01)	0.83	(0.73)	1.14	(1.24)	4.19
WAGSX	0.61	(0.10)	0.00	(5.46)	0.00	0.00	1.15	(1.49)	3.43
WAGOX	0.73	(0.12)	0.00	(0.05)	0.00	0.00	1.45	(1.41)	3.57
WAFMX	0.58	(0.17)	0.00	(0.28)	0.00	0.00	0.85	(1.35)	3.70
WAIOX	0.61	(0.19)	0.00	(0.24)	0.00	0.00	0.97	(1.31)	2.85
WAINX	0.58	(0.06)	0.00	3.76	0.00	0.00	1.30	(1.29)	4.03
WAIVX	0.41	0.06	0.04	0.20	0.33	(0.47)	0.96	(0.82)	2.13
WAISX	0.53	(0.21)	0.00	(0.27)	0.00	0.00	0.76	(1.53)	2.74

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