Wasatch Small Correlations

WMCVX Fund

USD 10.01 0.16 1.62%

The current 90-days correlation between Wasatch Small Cap and Ab Global Risk is 0.71 (i.e., Poor diversification). The correlation of Wasatch Small 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 Small Correlation With Market

Good diversification

The correlation between Wasatch Small Cap and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Small 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 Small 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 unemployment.

Moving together with Wasatch Mutual Fund

0.9	WAIVX	Wasatch International	Pair Corr
0.92	WGICX	Wasatch Micro Cap	Pair Corr
0.95	WGMVX	Wasatch Micro Cap	Pair Corr
1.0	WICVX	Wasatch Small Cap	Pair Corr
0.92	WILCX	Wasatch Large Cap	Pair Corr
0.61	FMIEX	Wasatch Large Cap	Pair Corr
0.64	VSCPX	Vanguard Small Cap	Pair Corr
0.64	NAESX	Vanguard Small Cap	Pair Corr
0.64	DFSTX	Us Small Cap	Pair Corr

Moving against Wasatch Mutual Fund

0.49	WALSX	Wasatch Longshort Alpha	Pair Corr
0.41	WAIOX	Wasatch International	Pair Corr
0.36	WAINX	Wasatch Emerging India	Pair Corr
0.51	WIINX	Wasatch Emerging India	Pair Corr
0.34	IFN	India Closed	Pair Corr

Related Correlations Analysis

	CABIX	CNGLX	DHGCX	GMADX	SMYIX	MGKAX	MFIRX
CABIX		0.85	0.75	0.97	0.65	0.32	0.83	CABIX
CNGLX	0.85		0.48	0.92	0.6	0.33	0.64	CNGLX
DHGCX	0.75	0.48		0.67	0.5	0.29	0.75	DHGCX
GMADX	0.97	0.92	0.67		0.69	0.33	0.81	GMADX
SMYIX	0.65	0.6	0.5	0.69		0.82	0.65	SMYIX
MGKAX	0.32	0.33	0.29	0.33	0.82		0.34	MGKAX
MFIRX	0.83	0.64	0.75	0.81	0.65	0.34		MFIRX
	CABIX	CNGLX	DHGCX	GMADX	SMYIX	MGKAX	MFIRX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Small 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 Small'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
CABIX	0.28	0.06	(0.14)	(0.93)	0.20	(0.31)	0.55	(0.48)	1.71
CNGLX	0.58	0.06	(0.08)	(0.56)	0.65	(0.61)	1.05	(1.09)	2.85
DHGCX	0.16	0.01	(0.45)	0.65	0.05	(0.21)	0.31	(0.26)	1.08
GMADX	0.52	0.12	0.01	(1.56)	0.46	(0.58)	1.30	(0.94)	2.68
SMYIX	0.46	0.04	0.01	0.16	0.22	(0.56)	1.17	(0.64)	2.12
MGKAX	0.58	0.13	0.03	(1.81)	0.47	(0.67)	1.28	(1.00)	3.39
MFIRX	0.14	0.05	(0.26)	0.73	0.00	(0.24)	0.38	(0.19)	0.75

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