Wasatch International Correlations

WIIGX Fund

USD 25.37 0.01 0.04%

The current 90-days correlation between Wasatch International and Pear Tree Polaris is -0.17 (i.e., Good diversification). The correlation of Wasatch International 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 International Correlation With Market

Good diversification

The correlation between Wasatch International 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 International 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 International 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 price.

Moving together with Wasatch Mutual Fund

0.91	OSMYX	Oppenheimer Intl Small	Pair Corr
0.91	OSCIX	Oppenheimer Intl Small	Pair Corr
0.91	OSMNX	Oppenheimer Intl Small	Pair Corr
0.77	TIDDX	T Rowe Price	Pair Corr
0.94	MIDGX	Mfs International New	Pair Corr
0.94	MIDHX	Mfs International New	Pair Corr
0.94	MIDRX	Mfs International New	Pair Corr
0.72	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.67	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Wasatch Mutual Fund

0.58	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.58	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.58	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.57	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.57	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.57	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.57	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.57	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.49	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.49	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.35	AMGIX	Income Growth	Pair Corr
0.71	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.53	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.52	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.49	DIS	Walt Disney Aggressive Push	Pair Corr
0.48	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.44	WMT	Walmart Aggressive Push	Pair Corr
0.35	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.33	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr

Related Correlations Analysis

	QFVIX	BGLUX	FMFTX	FMFCX	KMKYX
QFVIX		-0.48	0.03	0.04	-0.8	QFVIX
BGLUX	-0.48		0.58	0.57	0.77	BGLUX
FMFTX	0.03	0.58		1.0	0.43	FMFTX
FMFCX	0.04	0.57	1.0		0.42	FMFCX
KMKYX	-0.8	0.77	0.43	0.42		KMKYX
	QFVIX	BGLUX	FMFTX	FMFCX	KMKYX

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

FMFCX	+ 1.0	FMFTX
KMKYX	+ 0.77	BGLUX
FMFTX	+ 0.58	BGLUX
FMFCX	+ 0.57	BGLUX
KMKYX	+ 0.43	FMFTX
KMKYX	+ 0.42	FMFCX

High negative correlations

KMKYX	- 0.8	QFVIX
BGLUX	- 0.48	QFVIX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch International 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 International'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
QFVIX	0.58	(0.15)	0.00	(0.34)	0.00	0.00	1.36	(1.49)	3.35
BGLUX	0.77	0.25	0.13	6.07	0.77	(0.85)	2.14	(1.46)	4.58
FMFTX	0.75	0.03	(0.08)	1.51	0.88	(0.82)	1.62	(1.47)	3.93
FMFCX	0.72	0.08	(0.04)	1.54	0.65	(0.82)	1.61	(1.34)	3.93
KMKYX	1.39	0.62	0.35	0.65	1.17	(1.72)	3.82	(2.21)	14.12

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