Wasatch Frontier Correlations

WIFMX Fund

USD 3.59 0.07 1.91%

The current 90-days correlation between Wasatch Frontier Emerging and T Rowe Price is 0.26 (i.e., Modest diversification). The correlation of Wasatch Frontier 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 Frontier Correlation With Market

Significant diversification

The correlation between Wasatch Frontier Emerging and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Frontier Emerging 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 Frontier Emerging. 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 population.

Moving together with Wasatch Mutual Fund

0.75	WAESX	Wasatch Emerging Markets	Pair Corr
0.85	WAGSX	Wasatch Global Select	Pair Corr
0.91	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.87	WAIOX	Wasatch International	Pair Corr
0.86	WAISX	Wasatch International	Pair Corr
0.88	WAIGX	Wasatch International	Pair Corr
0.81	WGISX	Wasatch International	Pair Corr
0.85	WGGSX	Wasatch Global Select	Pair Corr
0.76	WIESX	Wasatch Emerging Markets	Pair Corr
0.88	WIIGX	Wasatch International	Pair Corr
0.88	WIIOX	Wasatch International	Pair Corr

Moving against Wasatch Mutual Fund

0.38	WAGCX	Wasatch Greater China	Pair Corr
0.35	WGGCX	Wasatch Greater China	Pair Corr

Related Correlations Analysis

	PAHIX	RHYAX	TIYRX	PHDTX	TRKZX
PAHIX		0.93	0.95	0.91	0.99	PAHIX
RHYAX	0.93		0.96	0.97	0.93	RHYAX
TIYRX	0.95	0.96		0.91	0.95	TIYRX
PHDTX	0.91	0.97	0.91		0.91	PHDTX
TRKZX	0.99	0.93	0.95	0.91		TRKZX
	PAHIX	RHYAX	TIYRX	PHDTX	TRKZX

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Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Frontier 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 Frontier'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
PAHIX	0.15	0.01	0.01	0.06	0.12	(0.23)	0.51	(0.34)	1.03
RHYAX	0.13	0.01	0.01	(0.22)	0.10	(0.18)	0.31	(0.31)	1.14
TIYRX	0.15	0.00	0.00	(0.05)	0.13	(0.21)	0.45	(0.34)	1.03
PHDTX	0.12	0.01	0.03	(0.63)	0.05	(0.16)	0.23	(0.23)	0.79
TRKZX	0.16	0.01	0.03	0.10	0.10	(0.24)	0.51	(0.34)	1.20

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