Wasatch World Correlations

WIGTX Fund

USD 14.49 0.14 0.96%

The current 90-days correlation between Wasatch World Innovators and Wasatch World Innovators is 1.0 (i.e., No risk reduction). The correlation of Wasatch World 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 World Correlation With Market

Very weak diversification

The correlation between Wasatch World Innovators and DJI is 0.41 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch World Innovators 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 World Innovators. 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 estimate.

Moving together with Wasatch Mutual Fund

1.0	WAGTX	Wasatch World Innovators	Pair Corr
0.93	WASIX	Wasatch Strategic Income	Pair Corr
0.83	OSMYX	Oppenheimer Intl Small	Pair Corr
0.89	OSCIX	Oppenheimer Intl Small	Pair Corr
0.83	OSMNX	Oppenheimer Intl Small	Pair Corr
0.88	TIDDX	T Rowe Price	Pair Corr
0.92	MIDGX	Mfs International New	Pair Corr
0.92	MIDHX	Mfs International New	Pair Corr
0.92	MIDRX	Mfs International New	Pair Corr
0.79	ACTVX	Zero Pon 2025	Pair Corr
0.73	ORAZX	Oppnhmr Rochester Arizona	Pair Corr
0.73	RCBDX	American Funds Porate	Pair Corr
0.77	ABNDX	Bond Fund	Pair Corr
0.79	AVBNX	American Century Etf	Pair Corr
0.81	FITMX	Fidelity Sai Interna	Pair Corr
0.74	VCRCX	Mainstay Cbre Global	Pair Corr
0.72	BBNTX	Sterling Capital North	Pair Corr
0.87	RNWEX	New World Fund	Pair Corr
0.85	PUBRX	Pimco Unconstrained Bond	Pair Corr
0.93	VZICX	Vanguard International	Pair Corr
0.89	MXECX	Great-west Core	Pair Corr
0.62	VMSSX	Virtus Multi Sector	Pair Corr
0.71	EKIZX	Wells Fargo Adjustable	Pair Corr
0.69	FICMX	Federated Government	Pair Corr
0.74	PYCWX	Payden E Bond	Pair Corr
0.65	AMUSX	Us Government Securities	Pair Corr
0.78	BFCCX	American Funds Porate	Pair Corr

Moving against Wasatch Mutual Fund

0.62	IIF	Morgan Stanley India	Pair Corr
0.53	ASG	Liberty All Star	Pair Corr
0.36	CRF	Cornerstone Strategic	Pair Corr
0.35	IFN	India Closed Normal Trading	Pair Corr

Related Correlations Analysis

	WAGTX	CYPSX	ASERX	ACSLX	MIGIX
WAGTX		-0.51	-0.35	-0.35	0.0	WAGTX
CYPSX	-0.51		0.97	0.97	0.81	CYPSX
ASERX	-0.35	0.97		1.0	0.88	ASERX
ACSLX	-0.35	0.97	1.0		0.88	ACSLX
MIGIX	0.0	0.81	0.88	0.88		MIGIX
	WAGTX	CYPSX	ASERX	ACSLX	MIGIX

Click cells to compare fundamentals

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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

ACSLX	+ 1.0	ASERX
ASERX	+ 0.97	CYPSX
ACSLX	+ 0.97	CYPSX
MIGIX	+ 0.88	ASERX
MIGIX	+ 0.88	ACSLX
MIGIX	+ 0.81	CYPSX

High negative correlations

CYPSX	- 0.51	WAGTX
ACSLX	- 0.35	WAGTX
ASERX	- 0.35	WAGTX
MIGIX	- 0.0	WAGTX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch World 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 World'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
WAGTX	0.67	0.07	0.08	0.17	0.72	(0.73)	1.62	(1.19)	3.75
CYPSX	1.59	(0.33)	0.00	(0.16)	0.00	0.00	3.09	(3.68)	9.19
ASERX	1.07	(0.15)	0.00	(0.13)	0.00	0.00	2.25	(2.33)	6.32
ACSLX	1.08	(0.16)	0.00	(0.13)	0.00	0.00	2.24	(2.33)	6.32
MIGIX	1.79	(0.08)	0.00	(0.04)	0.00	0.00	3.74	(3.00)	10.88

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