Wasatch Micro Correlations

WAMVX Fund

USD 4.02 0.02 0.50%

The current 90-days correlation between Wasatch Micro Cap and Wasatch Micro Cap is 0.94 (i.e., Almost no diversification). The correlation of Wasatch Micro 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 Micro Correlation With Market

Very weak diversification

The correlation between Wasatch Micro Cap and DJI is 0.53 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Micro Cap 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 Micro Cap. 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 real.

Moving together with Wasatch Mutual Fund

0.7	WAAEX	Wasatch Small Cap	Pair Corr
0.65	WAEMX	Wasatch Emerging Markets	Pair Corr
0.87	WAGOX	Wasatch Global Oppor	Pair Corr
0.75	WAINX	Wasatch Emerging India	Pair Corr
0.76	WAIGX	Wasatch International	Pair Corr
0.94	WAMCX	Wasatch Ultra Growth	Pair Corr
0.63	WGMCX	Wasatch Ultra Growth	Pair Corr
0.67	WGMVX	Wasatch Micro Cap	Pair Corr
0.89	WGROX	Wasatch E Growth	Pair Corr
0.66	WHOSX	Wasatch Hoisington Steady Growth	Pair Corr
0.7	WIAEX	Wasatch Small Cap	Pair Corr
0.86	WMCVX	Wasatch Small Cap	Pair Corr
0.94	WMICX	Wasatch Micro Cap	Pair Corr
0.73	VSGAX	Vanguard Small Cap	Pair Corr
0.93	VSGIX	Vanguard Small Cap	Pair Corr
0.73	VISGX	Vanguard Small Cap	Pair Corr
0.91	VEXPX	Vanguard Explorer	Pair Corr
0.76	VEXRX	Vanguard Explorer	Pair Corr

Moving against Wasatch Mutual Fund

0.57

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Pair Corr

Related Correlations Analysis

	WMICX	WAIOX	WMCVX	WAEMX	WAIGX
WMICX		0.33	0.78	0.66	0.61	WMICX
WAIOX	0.33		0.6	0.42	0.76	WAIOX
WMCVX	0.78	0.6		0.75	0.95	WMCVX
WAEMX	0.66	0.42	0.75		0.69	WAEMX
WAIGX	0.61	0.76	0.95	0.69		WAIGX
	WMICX	WAIOX	WMCVX	WAEMX	WAIGX

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Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Micro 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 Micro'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
WMICX	0.84	(0.25)	(0.40)	1.82	(1.94)	5.41
WAIOX	0.66	(0.05)	(0.11)	1.73	(1.65)	3.38
WMCVX	1.03	(0.42)	(0.54)	1.41	(2.70)	15.08
WAEMX	0.75	(0.23)	1.10	1.12	(2.55)	8.74
WAIGX	0.97	(0.28)	(0.50)	2.10	(1.64)	18.79

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