Wasatch Global Correlations

WAGOX Fund

USD 4.07 0.01 0.25%

The current 90-days correlation between Wasatch Global Oppor and Wasatch Emerging Markets is -0.06 (i.e., Good diversification). The correlation of Wasatch Global 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 Global Correlation With Market

Poor diversification

The correlation between Wasatch Global Opportunities and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Global Opportunities 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 Global Opportunities. 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 persons.

Moving together with Wasatch Mutual Fund

0.91	WAAEX	Wasatch Small Cap	Pair Corr
0.76	WAEMX	Wasatch Emerging Markets	Pair Corr
0.76	WAESX	Wasatch Emerging Markets	Pair Corr
0.66	WAIGX	Wasatch International	Pair Corr
0.95	WAMVX	Wasatch Micro Cap	Pair Corr
0.94	WALSX	Wasatch Longshort Alpha	Pair Corr
0.96	WGMCX	Wasatch Ultra Growth	Pair Corr
0.98	WGROX	Wasatch E Growth	Pair Corr
0.96	WIAEX	Wasatch Small Cap	Pair Corr
0.69	WIEMX	Wasatch Emerging Markets	Pair Corr
0.82	WMCVX	Wasatch Small Cap	Pair Corr
0.9	WMICX	Wasatch Micro Cap	Pair Corr
0.98	FSWFX	American Funds Smallcap	Pair Corr
0.9	FSFWX	American Funds Smallcap	Pair Corr
0.98	SCWCX	American Fds Smallcap	Pair Corr
0.86	SCWFX	Smallcap World	Pair Corr
0.83	SMCWX	Smallcap World	Pair Corr
0.86	CSPFX	Smallcap World	Pair Corr
0.98	CSPAX	Smallcap World	Pair Corr
0.98	CSPEX	Smallcap World	Pair Corr
0.98	RSLCX	Smallcap World	Pair Corr
0.98	RLLGX	Smallcap World	Pair Corr
0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.82	VFIAX	Vanguard 500 Index	Pair Corr
0.84	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.87	VITSX	Vanguard Total Stock	Pair Corr
0.82	VFINX	Vanguard 500 Index	Pair Corr
0.82	VFFSX	Vanguard 500 Index	Pair Corr

Moving against Wasatch Mutual Fund

0.44	WHOSX	Wasatch Hoisington	Pair Corr
0.43	FMIEX	Wasatch Large Cap	Pair Corr
0.37	WILCX	Wasatch Large Cap	Pair Corr
0.45	USGDX	Morgan Stanley Government	Pair Corr
0.36	BISMX	Brandes International	Pair Corr
0.36	HRBDX	Harbor Bond Fund	Pair Corr
0.34	GIOIX	Guggenheim Macro Opp	Pair Corr
0.32	VICSX	Vanguard Intermediate-ter	Pair Corr
0.31	ABNOX	Ab Bond Inflation	Pair Corr

Related Correlations Analysis

	WAEMX	WAMVX	WAIOX	WAIGX	WAGTX
WAEMX		0.85	0.33	0.29	-0.36	WAEMX
WAMVX	0.85		0.32	0.44	-0.37	WAMVX
WAIOX	0.33	0.32		0.8	0.58	WAIOX
WAIGX	0.29	0.44	0.8		0.57	WAIGX
WAGTX	-0.36	-0.37	0.58	0.57		WAGTX
	WAEMX	WAMVX	WAIOX	WAIGX	WAGTX

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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

WAMVX	+ 0.85	WAEMX
WAIGX	+ 0.8	WAIOX
WAGTX	+ 0.58	WAIOX
WAGTX	+ 0.57	WAIGX
WAIGX	+ 0.44	WAMVX
WAIOX	+ 0.33	WAEMX

High negative correlations

WAGTX	- 0.37	WAMVX
WAGTX	- 0.36	WAEMX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Global 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 Global'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
WAEMX	0.78	(0.14)	0.00	2.14	0.00	0.00	1.12	(2.17)	5.50
WAMVX	1.03	(0.11)	0.00	(0.12)	0.00	0.00	1.86	(2.11)	5.55
WAIOX	0.73	0.00	0.02	0.00	0.92	(0.91)	1.70	(1.68)	5.00
WAIGX	0.79	0.03	0.03	0.02	1.05	(0.82)	2.10	(1.64)	5.49
WAGTX	0.69	0.03	0.05	0.04	0.86	(0.74)	1.62	(1.53)	4.34

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