Wasatch Emerging Correlations

Mutual Funds . USA . 
Fund . Wasatch Emerging Markets
WAEMX Fund  USD 2.63  0.01  0.38%   
The current 90-days correlation between Wasatch Emerging Markets and Wasatch International Opportunities is 0.13 (i.e., Average 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 weak diversification

The correlation between Wasatch Emerging Markets and DJI is 0.44 (i.e., Very weak 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

  0.8WAAEX Wasatch Small CapPairCorr
  0.7WAGOX Wasatch Global OpporPairCorr
  0.78WAINX Wasatch Emerging IndiaPairCorr
  0.83WAMVX Wasatch Micro CapPairCorr
  0.67WALSX Wasatch Longshort AlphaPairCorr
  0.77WAMCX Wasatch Ultra GrowthPairCorr
  0.66WAUSX Wasatch Select InvestorPairCorr
  0.87WGICX Wasatch Micro CapPairCorr
  0.77WGMCX Wasatch Ultra GrowthPairCorr
  0.82WGMVX Wasatch Micro CapPairCorr
  0.67WGLSX Wells Fargo AdvantagePairCorr
  0.69WGROX Wasatch E GrowthPairCorr
  0.8WIAEX Wasatch Small CapPairCorr
  0.79WICVX Wasatch Small CapPairCorr
  1.0WIEMX Wasatch Emerging MarketsPairCorr
  0.75WIINX Wasatch Emerging IndiaPairCorr
  0.71WIGRX Wasatch E GrowthPairCorr
  0.67WIGOX Wasatch Global OpporPairCorr
  0.79WMCVX Wasatch Small CapPairCorr
  0.87WMICX Wasatch Micro CapPairCorr

Moving against Wasatch Mutual Fund

  0.84WAIVX Wasatch InternationalPairCorr
  0.6WHOSX Wasatch HoisingtonPairCorr
  0.38WAISX Wasatch InternationalPairCorr
  0.36WGISX Wasatch InternationalPairCorr
  0.78WILCX Wasatch Large CapPairCorr
  0.78FMIEX Wasatch Large CapPairCorr
  0.39VEMAX Vanguard Emerging MarketsPairCorr
  0.39VEMIX Vanguard Emerging MarketsPairCorr
  0.39VEMRX Vanguard Emerging MarketsPairCorr
  0.38VEIEX Vanguard Emerging MarketsPairCorr
  0.35ODVYX Oppenheimer DevelopingPairCorr

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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