Wasatch Emerging Correlations

WIESX Fund

USD 17.27 0.05 0.29%

The current 90-days correlation between Wasatch Emerging Markets and Aam Select Income is 0.07 (i.e., Significant 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

Very weak diversification

The correlation between Wasatch Emerging Markets and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Emerging Markets 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 Emerging Markets. 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 state.

Moving together with Wasatch Mutual Fund

1.0	WAESX	Wasatch Emerging Markets	Pair Corr
0.88	WAGSX	Wasatch Global Select	Pair Corr
0.76	WAGOX	Wasatch Global Oppor	Pair Corr
0.83	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.8	WAIOX	Wasatch International	Pair Corr
0.86	WAIGX	Wasatch International	Pair Corr
0.61	WAMVX	Wasatch Micro Cap	Pair Corr
0.77	WAUSX	Wasatch Select Investor	Pair Corr
0.87	WGGSX	Wasatch Global Select	Pair Corr
0.64	WGROX	Wasatch E Growth	Pair Corr
0.76	WIFMX	Wasatch Frontier Emerging	Pair Corr
0.86	WIIGX	Wasatch International	Pair Corr
0.79	WIIOX	Wasatch International	Pair Corr
0.66	WIGRX	Wasatch E Growth	Pair Corr
0.73	WIGOX	Wasatch Global Oppor	Pair Corr

Related Correlations Analysis

	CPUCX	OPTCX	FZDAQX	WABMSX	RPBAX	FURYAX	IAADX
CPUCX		0.66	0.56	0.23	0.42	-0.17	0.88	CPUCX
OPTCX	0.66		0.16	0.06	0.33	-0.14	0.69	OPTCX
FZDAQX	0.56	0.16		0.57	0.48	0.35	0.42	FZDAQX
WABMSX	0.23	0.06	0.57		0.66	0.84	0.29	WABMSX
RPBAX	0.42	0.33	0.48	0.66		0.46	0.46	RPBAX
FURYAX	-0.17	-0.14	0.35	0.84	0.46		-0.07	FURYAX
IAADX	0.88	0.69	0.42	0.29	0.46	-0.07		IAADX
	CPUCX	OPTCX	FZDAQX	WABMSX	RPBAX	FURYAX	IAADX

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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

IAADX	+ 0.88	CPUCX
FURYAX	+ 0.84	WABMSX
IAADX	+ 0.69	OPTCX
OPTCX	+ 0.66	CPUCX
RPBAX	+ 0.66	WABMSX
WABMSX	+ 0.57	FZDAQX

High negative correlations

FURYAX	- 0.17	CPUCX
FURYAX	- 0.14	OPTCX
IAADX	- 0.07	FURYAX

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
CPUCX	0.26	0.00	0.00	0.05	0.26	(0.31)	0.44	(0.54)	1.45
OPTCX	0.06	(0.01)	(0.03)	3.08	0.07	(0.18)	0.21	(0.21)	0.93
FZDAQX	0.11	(0.01)	(0.03)	(0.05)	0.17	(0.15)	0.21	(0.21)	1.03
WABMSX	0.61	0.03	0.03	0.04	0.78	(0.63)	1.38	(1.29)	3.66
RPBAX	0.57	(0.08)	0.00	0.27	0.00	0.00	0.93	(1.07)	6.78
FURYAX	0.69	0.00	(0.01)	0.00	0.80	(0.78)	1.21	(1.39)	2.96
IAADX	0.22	(0.01)	0.00	0.20	0.00	0.00	0.44	(0.33)	2.51

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