Wasatch International Correlations

WAIOX Fund

USD 2.98 0.02 0.67%

The current 90-days correlation between Wasatch International and Siit Emerging Markets is 0.54 (i.e., Very weak 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

Very weak diversification

The correlation between Wasatch International Opportun and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch International Opportun 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 International 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	WAESX	Wasatch Emerging Markets	Pair Corr
0.83	WAGSX	Wasatch Global Select	Pair Corr
0.88	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.74	WAISX	Wasatch International	Pair Corr
0.91	WAIGX	Wasatch International	Pair Corr
0.74	WGISX	Wasatch International	Pair Corr
0.83	WGGSX	Wasatch Global Select	Pair Corr
0.88	WIFMX	Wasatch Frontier Emerging	Pair Corr
0.91	WIESX	Wasatch Emerging Markets	Pair Corr
0.91	WIIGX	Wasatch International	Pair Corr
1.0	WIIOX	Wasatch International	Pair Corr
0.64	OSMYX	Oppenheimer Intl Small	Pair Corr

Related Correlations Analysis

	SEDAX	VIESX	EMDQX	EGLNX	BELSX	JOEAX
SEDAX		0.85	0.97	0.33	0.91	0.84	SEDAX
VIESX	0.85		0.88	0.19	0.8	0.95	VIESX
EMDQX	0.97	0.88		0.23	0.89	0.86	EMDQX
EGLNX	0.33	0.19	0.23		0.53	0.37	EGLNX
BELSX	0.91	0.8	0.89	0.53		0.87	BELSX
JOEAX	0.84	0.95	0.86	0.37	0.87		JOEAX
	SEDAX	VIESX	EMDQX	EGLNX	BELSX	JOEAX

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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
SEDAX	0.23	0.04	0.34	0.45	0.00	(0.33)	0.59	(0.36)	1.30
VIESX	0.53	0.05	0.11	0.09	0.66	(0.59)	1.31	(1.03)	3.67
EMDQX	0.28	0.04	0.24	0.48	0.14	(0.43)	0.68	(0.45)	1.75
EGLNX	1.01	0.16	0.13	0.18	1.20	(1.09)	1.97	(1.81)	6.25
BELSX	0.44	0.06	0.19	2.13	0.46	(0.48)	0.92	(0.88)	2.59
JOEAX	0.83	0.11	0.12	0.16	0.96	(0.85)	1.65	(1.72)	6.33

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Wasatch International Correlations

Wasatch International Correlation With Market

Very weak diversification

Moving together with Wasatch Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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