Wasatch International Correlations

Mutual Funds . USA . 
Fund . Wasatch International Opportunities
WAIOX Fund  USD 3.04  0.03  0.98%   
The current 90-days correlation between Wasatch International and International Investors Gold is -0.1 (i.e., Good 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

Good diversification

The correlation between Wasatch International Opportun and DJI is -0.17 (i.e., Good 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

  0.86WAESX Wasatch Emerging MarketsPairCorr
  0.85WAGSX Wasatch Global SelectPairCorr
  0.65WAGOX Wasatch Global OpporPairCorr
  0.76WAFMX Wasatch Frontier EmergingPairCorr
  0.69WAISX Wasatch InternationalPairCorr
  0.67WAIGX Wasatch InternationalPairCorr
  0.63WAMVX Wasatch Micro CapPairCorr
  0.71WAUSX Wasatch Select InvestorPairCorr
  0.69WGISX Wasatch InternationalPairCorr
  0.83WGGSX Wasatch Global SelectPairCorr
  0.61WGMCX Wasatch Ultra GrowthPairCorr
  0.62WGMVX Wasatch Micro CapPairCorr
  0.67WGROX Wasatch E GrowthPairCorr
  0.73WHOSX Wasatch Hoisington Steady GrowthPairCorr
  0.68WIFMX Wasatch Frontier EmergingPairCorr
  0.93WIESX Wasatch Emerging MarketsPairCorr
  0.75WIIGX Wasatch InternationalPairCorr
  0.92WIIOX Wasatch InternationalPairCorr
  0.65WIGOX Wasatch Global OpporPairCorr
  0.66WILCX Wasatch Large CapPairCorr
  0.74FMIEX Wasatch Large CapPairCorr
  0.78OSMYX Oppenheimer Intl SmallPairCorr
  0.85OSCIX Oppenheimer Intl SmallPairCorr

Related Correlations Analysis

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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.

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