Wasatch Large Correlations

FMIEX Fund

USD 9.92 0.04 0.40%

The current 90-days correlation between Wasatch Large Cap and Large Cap Fund is 0.51 (i.e., Very weak diversification). The correlation of Wasatch Large 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 Large Correlation With Market

Very weak diversification

The correlation between Wasatch Large Cap and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Wasatch Large 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 income.

Moving together with Wasatch Mutual Fund

0.71	WAIVX	Wasatch International	Pair Corr
0.78	WAISX	Wasatch International	Pair Corr
0.78	WGISX	Wasatch International	Pair Corr
0.84	WHOSX	Wasatch Hoisington	Pair Corr
1.0	WILCX	Wasatch Large Cap	Pair Corr
0.92	TEDRX	Franklin Mutual Global	Pair Corr

Moving against Wasatch Mutual Fund

0.75	WAEMX	Wasatch Emerging Markets	Pair Corr
0.74	WGICX	Wasatch Micro Cap	Pair Corr
0.73	WAINX	Wasatch Emerging India	Pair Corr
0.61	WAMVX	Wasatch Micro Cap	Pair Corr
0.61	WGMVX	Wasatch Micro Cap	Pair Corr
0.6	WAAEX	Wasatch Small Cap	Pair Corr
0.59	WGMCX	Wasatch Ultra Growth	Pair Corr
0.47	WAMCX	Wasatch Ultra Growth	Pair Corr
0.46	WALSX	Wasatch Longshort Alpha	Pair Corr
0.46	WIAEX	Wasatch Small Cap	Pair Corr
0.45	WGROX	Wasatch E Growth	Pair Corr
0.42	WAGCX	Wasatch Greater China	Pair Corr
0.42	WGLSX	Wells Fargo Advantage	Pair Corr
0.4	WICVX	Wasatch Small Cap	Pair Corr
0.36	WAGOX	Wasatch Global Oppor	Pair Corr
0.36	WGGCX	Wasatch Greater China	Pair Corr
0.35	WAUSX	Wasatch Select Investor	Pair Corr
0.74	WMICX	Wasatch Micro Cap	Pair Corr
0.73	WIINX	Wasatch Emerging India	Pair Corr
0.57	WMCVX	Wasatch Small Cap	Pair Corr
0.46	WIEMX	Wasatch Emerging Markets	Pair Corr
0.35	WIGRX	Wasatch E Growth	Pair Corr
0.35	WIGOX	Wasatch Global Oppor	Pair Corr

Related Correlations Analysis

	FMIHX	EXEYX	WTIBX	MXXIX	GABEX
FMIHX		0.45	0.36	0.59	0.3	FMIHX
EXEYX	0.45		-0.43	0.92	0.46	EXEYX
WTIBX	0.36	-0.43		-0.18	0.39	WTIBX
MXXIX	0.59	0.92	-0.18		0.59	MXXIX
GABEX	0.3	0.46	0.39	0.59		GABEX
	FMIHX	EXEYX	WTIBX	MXXIX	GABEX

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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

MXXIX	+ 0.92	EXEYX
MXXIX	+ 0.59	FMIHX
GABEX	+ 0.59	MXXIX
GABEX	+ 0.46	EXEYX
EXEYX	+ 0.45	FMIHX
GABEX	+ 0.39	WTIBX

High negative correlations

WTIBX	- 0.43	EXEYX
MXXIX	- 0.18	WTIBX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Large 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 Large'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
FMIHX	0.85	(0.20)	0.00	(0.35)	0.00	0.00	1.24	(1.44)	10.12
EXEYX	0.75	(0.08)	0.00	(0.17)	0.00	0.00	1.19	(1.67)	4.39
WTIBX	0.24	0.04	0.39	0.79	0.08	(0.30)	0.54	(0.42)	1.42
MXXIX	1.30	(0.07)	0.00	(0.13)	0.00	0.00	1.97	(3.76)	5.99
GABEX	0.61	0.07	0.11	0.03	0.72	(0.69)	1.16	(1.16)	3.31

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