Wasatch International Correlations
| WAIGX Fund | USD 20.83 0.03 0.14% |
The current 90-days correlation between Wasatch International and Wasatch World Innovators is 0.69 (i.e., Poor diversification). The correlation of Wasatch International 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 International Correlation With Market
Poor diversification
The correlation between Wasatch International Growth and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch International Growth and DJI in the same portfolio, assuming nothing else is changed.
Wasatch |
Moving together with Wasatch Mutual Fund
| 0.91 | WAESX | Wasatch Emerging Markets | PairCorr |
| 0.93 | WAGSX | Wasatch Global Select | PairCorr |
| 0.66 | WAGOX | Wasatch Global Oppor | PairCorr |
| 0.94 | WAFMX | Wasatch Frontier Emerging | PairCorr |
| 0.91 | WAIOX | Wasatch International | PairCorr |
| 0.68 | WAISX | Wasatch International | PairCorr |
| 0.67 | WAUSX | Wasatch Select Investor | PairCorr |
| 0.85 | WGGSX | Wasatch Global Select | PairCorr |
| 0.86 | WIFMX | Wasatch Frontier Emerging | PairCorr |
| 0.81 | WIESX | Wasatch Emerging Markets | PairCorr |
| 0.64 | WIGOX | Wasatch Global Oppor | PairCorr |
| 0.71 | OSMYX | Oppenheimer Intl Small | PairCorr |
| 0.71 | OSCIX | Oppenheimer Intl Small | PairCorr |
| 0.64 | OSMNX | Oppenheimer Intl Small | PairCorr |
Moving against Wasatch Mutual Fund
| 0.33 | PQTAX | Pimco Trends Managed | PairCorr |
| 0.33 | PQTNX | Pimco Trends Managed | PairCorr |
| 0.33 | PQTIX | Aa Pimco Tr | PairCorr |
| 0.32 | GAAGX | Gmo Alternative Allo | PairCorr |
Related Correlations Analysis
| -0.36 | -0.36 | 0.6 | -0.37 | WAGTX | ||
| -0.36 | 0.82 | 0.38 | 0.99 | WMCVX | ||
| -0.36 | 0.82 | 0.38 | 0.85 | WAEMX | ||
| 0.6 | 0.38 | 0.38 | 0.4 | WAIOX | ||
| -0.37 | 0.99 | 0.85 | 0.4 | WAMVX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Wasatch Mutual Fund performing well and Wasatch International 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 International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| WAGTX | 0.69 | 0.03 | 0.05 | 0.04 | 0.86 | 1.62 | 4.34 | |||
| WMCVX | 0.93 | (0.14) | 0.00 | 2.23 | 0.00 | 1.64 | 4.48 | |||
| WAEMX | 0.78 | (0.14) | 0.00 | 2.14 | 0.00 | 1.12 | 5.50 | |||
| WAIOX | 0.77 | 0.03 | 0.03 | 0.02 | 0.93 | 1.70 | 5.00 | |||
| WAMVX | 1.03 | (0.11) | 0.00 | (0.12) | 0.00 | 1.86 | 5.55 |