Wasatch Core Correlations

WIGRX Fund

USD 84.62 0.04 0.05%

The current 90-days correlation between Wasatch E Growth and Barings Global Floating is 0.14 (i.e., Average diversification). The correlation of Wasatch Core 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 Core Correlation With Market

Good diversification

The correlation between Wasatch E Growth and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch E Growth 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 E Growth. 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 metropolitan statistical area.

Moving together with Wasatch Mutual Fund

0.98	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.93	VEXPX	Vanguard Explorer	Pair Corr
0.93	VEXRX	Vanguard Explorer	Pair Corr
0.99	JGMIX	Janus Triton	Pair Corr
0.99	JGMRX	Janus Triton	Pair Corr
0.99	JGMAX	Janus Triton	Pair Corr
0.99	JGMCX	Janus Triton	Pair Corr
0.99	JGMNX	Janus Triton	Pair Corr
0.62	WMT	Walmart	Pair Corr
0.65	BA	Boeing	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr

Moving against Wasatch Mutual Fund

0.61	VZ	Verizon Communications	Pair Corr
0.57	TRV	The Travelers Companies	Pair Corr
0.46	KO	Coca Cola	Pair Corr
0.44	PG	Procter Gamble	Pair Corr
0.37	NHS	Neuberger Berman High	Pair Corr
0.37	T	ATT Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	BXFIX	HRLAX	SGMAX	TBCUX	WRLDX	TEDIX	DODWX	MFIRX
BXFIX		0.47	0.45	0.39	0.68	0.5	0.63	0.7	BXFIX
HRLAX	0.47		0.73	0.9	0.49	0.89	0.88	0.83	HRLAX
SGMAX	0.45	0.73		0.76	0.78	0.89	0.79	0.82	SGMAX
TBCUX	0.39	0.9	0.76		0.54	0.91	0.85	0.85	TBCUX
WRLDX	0.68	0.49	0.78	0.54		0.79	0.78	0.75	WRLDX
TEDIX	0.5	0.89	0.89	0.91	0.79		0.95	0.94	TEDIX
DODWX	0.63	0.88	0.79	0.85	0.78	0.95		0.9	DODWX
MFIRX	0.7	0.83	0.82	0.85	0.75	0.94	0.9		MFIRX
	BXFIX	HRLAX	SGMAX	TBCUX	WRLDX	TEDIX	DODWX	MFIRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Core 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 Core'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
BXFIX	0.08	0.00	0.53	0.14	0.00	(0.30)	0.23	(0.12)	0.93
HRLAX	0.30	0.11	0.51	(2.46)	0.00	(0.41)	0.82	(0.45)	1.65
SGMAX	0.57	(0.05)	0.00	(0.18)	0.00	0.00	0.95	(0.77)	9.52
TBCUX	0.59	0.16	0.30	2.83	0.44	(0.70)	1.49	(1.13)	4.33
WRLDX	0.64	0.04	0.00	(0.01)	0.00	0.00	1.24	(1.68)	2.96
TEDIX	0.66	0.01	0.00	(0.06)	0.00	0.00	1.01	(1.47)	7.35
DODWX	0.59	0.11	0.22	1.33	0.64	(0.63)	1.28	(1.09)	4.15
MFIRX	0.11	0.03	0.29	1.41	0.00	(0.21)	0.19	(0.19)	0.77

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC