Wasatch Emerging Correlations
| WAINX Fund | USD 5.67 0.05 0.89% |
The current 90-days correlation between Wasatch Emerging India and Matthews India Fund is 0.57 (i.e., Very weak 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
Modest diversification
The correlation between Wasatch Emerging India and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Emerging India and DJI in the same portfolio, assuming nothing else is changed.
Wasatch |
Moving together with Wasatch Mutual Fund
| 0.74 | WAEMX | Wasatch Emerging Markets | PairCorr |
| 0.78 | WIEMX | Wasatch Emerging Markets | PairCorr |
| 1.0 | WIINX | Wasatch Emerging India | PairCorr |
| 0.87 | MIDNX | Matthews India | PairCorr |
Moving against Wasatch Mutual Fund
| 0.65 | WAIVX | Wasatch International | PairCorr |
| 0.52 | WAISX | Wasatch International | PairCorr |
| 0.51 | WGISX | Wasatch International | PairCorr |
| 0.43 | WHOSX | Wasatch Hoisington | PairCorr |
| 0.73 | WILCX | Wasatch Large Cap | PairCorr |
| 0.73 | FMIEX | Wasatch Large Cap | PairCorr |
Related Correlations Analysis
| 0.23 | 0.73 | 0.88 | 0.31 | MINDX | ||
| 0.23 | 0.47 | 0.09 | 0.78 | WAESX | ||
| 0.73 | 0.47 | 0.78 | 0.65 | WAEMX | ||
| 0.88 | 0.09 | 0.78 | 0.29 | SMIN | ||
| 0.31 | 0.78 | 0.65 | 0.29 | WAGOX | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MINDX | 1.04 | (0.33) | 0.00 | (1.16) | 0.00 | 1.66 | 14.48 | |||
| WAESX | 0.93 | (0.02) | 0.00 | (0.06) | 0.00 | 1.84 | 6.10 | |||
| WAEMX | 0.73 | (0.14) | 0.00 | 3.70 | 0.00 | 1.12 | 5.50 | |||
| SMIN | 1.27 | (0.16) | 0.00 | (0.33) | 0.00 | 2.39 | 6.77 | |||
| WAGOX | 0.87 | (0.09) | 0.00 | (0.14) | 0.00 | 1.88 | 5.68 |