Wasatch Small Correlations

WICVX Fund

USD 12.66 0.07 0.55%

The current 90-days correlation between Wasatch Small Cap and Arrow Managed Futures is 0.06 (i.e., Significant diversification). The correlation of Wasatch Small 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 Small Correlation With Market

Significant diversification

The correlation between Wasatch Small Cap and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Small 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 Small 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

0.8	VSMAX	Vanguard Small Cap	Pair Corr
0.8	VSCIX	Vanguard Small Cap	Pair Corr
0.8	VSCPX	Vanguard Small Cap	Pair Corr
0.8	NAESX	Vanguard Small Cap	Pair Corr
0.83	FSSNX	Fidelity Small Cap	Pair Corr
0.83	DFSTX	Us Small Cap	Pair Corr
0.82	PASVX	T Rowe Price	Pair Corr
0.82	PRVIX	T Rowe Price	Pair Corr
0.82	TRZVX	T Rowe Price	Pair Corr
0.82	PRSVX	T Rowe Price	Pair Corr
0.74	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.74	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.73	RSNYX	Victory Global Natural	Pair Corr
0.74	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.73	RSNRX	Victory Global Natural	Pair Corr
0.74	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.73	RGNCX	Victory Global Natural	Pair Corr
0.74	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.77	AMGIX	Income Growth	Pair Corr
0.69	BAC	Bank of America Aggressive Push	Pair Corr
0.66	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.7	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.75	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.64	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.74	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Wasatch Mutual Fund

0.68	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.62	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.61	KO	Coca Cola Sell-off Trend	Pair Corr
0.55	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	MFTFX	VOLMX	TQAAX	TMVAX	TWBIX	FFCGX
MFTFX		-0.5	-0.31	-0.26	-0.03	-0.32	MFTFX
VOLMX	-0.5		0.96	0.92	0.77	0.8	VOLMX
TQAAX	-0.31	0.96		0.94	0.84	0.82	TQAAX
TMVAX	-0.26	0.92	0.94		0.7	0.63	TMVAX
TWBIX	-0.03	0.77	0.84	0.7		0.89	TWBIX
FFCGX	-0.32	0.8	0.82	0.63	0.89		FFCGX
	MFTFX	VOLMX	TQAAX	TMVAX	TWBIX	FFCGX

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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

TQAAX	+ 0.96	VOLMX
TMVAX	+ 0.94	TQAAX
TMVAX	+ 0.92	VOLMX
FFCGX	+ 0.89	TWBIX
TWBIX	+ 0.84	TQAAX
FFCGX	+ 0.82	TQAAX

High negative correlations

VOLMX	- 0.5	MFTFX
FFCGX	- 0.32	MFTFX
TQAAX	- 0.31	MFTFX
TMVAX	- 0.26	MFTFX
TWBIX	- 0.03	MFTFX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Small 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 Small'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
MFTFX	0.98	(0.15)	0.00	(0.09)	0.00	0.00	1.70	(1.95)	5.42
VOLMX	0.61	0.00	0.00	0.12	0.59	(0.71)	1.14	(1.35)	4.49
TQAAX	0.82	(0.03)	0.00	0.09	0.98	(0.85)	1.75	(1.51)	6.10
TMVAX	0.88	0.00	0.03	0.11	0.79	(1.08)	2.28	(1.70)	8.08
TWBIX	0.36	(0.03)	(0.17)	0.06	0.44	(0.38)	0.77	(0.92)	2.38
FFCGX	0.56	(0.05)	(0.11)	0.05	0.70	(0.61)	1.26	(1.23)	3.41

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