Wasatch Emerging Correlations

WAESX Fund

USD 18.18 0.20 1.09%

The current 90-days correlation between Wasatch Emerging Markets and Eventide Multi Asset Income is 0.02 (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

Poor diversification

The correlation between Wasatch Emerging Markets and DJI is 0.72 (i.e., Poor 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 main economic indicators.

Moving together with Wasatch Mutual Fund

0.66	WAAEX	Wasatch Small Cap	Pair Corr
0.73	WAGSX	Wasatch Global Select	Pair Corr
0.71	WAGOX	Wasatch Global Oppor	Pair Corr
0.78	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.71	WAISX	Wasatch International	Pair Corr
0.66	WAMVX	Wasatch Micro Cap	Pair Corr
0.67	WAUSX	Wasatch Select Investor	Pair Corr
0.71	WGISX	Wasatch International	Pair Corr
0.7	WGGSX	Wasatch Global Select	Pair Corr
0.62	WGMVX	Wasatch Micro Cap	Pair Corr
0.69	WGROX	Wasatch E Growth	Pair Corr
0.67	WGUSX	Wasatch Select Inst	Pair Corr
0.67	WIAEX	Wasatch Small Cap	Pair Corr
0.64	WICVX	Wasatch Small Cap	Pair Corr
0.64	WIFMX	Wasatch Frontier Emerging	Pair Corr
1.0	WIESX	Wasatch Emerging Markets	Pair Corr
0.61	WIINX	Wasatch Emerging India	Pair Corr
0.67	WIGRX	Wasatch E Growth	Pair Corr
0.71	WIGOX	Wasatch Global Oppor	Pair Corr
0.62	WILCX	Wasatch Large Cap	Pair Corr
0.65	WMCVX	Wasatch Small Cap	Pair Corr
0.62	WMICX	Wasatch Micro Cap	Pair Corr
0.67	FMIEX	Wasatch Large Cap	Pair Corr
0.72	VEMAX	Vanguard Emerging Markets	Pair Corr
0.62	VEIEX	Vanguard Emerging Markets	Pair Corr

Moving against Wasatch Mutual Fund

0.61	WAIOX	Wasatch International	Pair Corr
0.58	WAEMX	Wasatch Emerging Markets	Pair Corr
0.58	WAIGX	Wasatch International	Pair Corr
0.59	WIIOX	Wasatch International	Pair Corr
0.58	WIEMX	Wasatch Emerging Markets	Pair Corr
0.58	WIIGX	Wasatch International	Pair Corr

Related Correlations Analysis

	LEAOX	BGNMX	MSSMX	AOVIX	MSSGX	NCBGX	MITEX	PBFDX	AUUCX	ETAMX
LEAOX		0.82	-0.17	0.9	-0.23	0.82	0.98	0.88	0.74	0.86	LEAOX
BGNMX	0.82		-0.16	0.85	-0.14	0.82	0.8	0.86	0.71	0.8	BGNMX
MSSMX	-0.17	-0.16		-0.22	0.93	-0.25	-0.13	-0.19	-0.14	-0.16	MSSMX
AOVIX	0.9	0.85	-0.22		-0.24	0.97	0.85	0.91	0.85	0.91	AOVIX
MSSGX	-0.23	-0.14	0.93	-0.24		-0.26	-0.18	-0.18	-0.2	-0.2	MSSGX
NCBGX	0.82	0.82	-0.25	0.97	-0.26		0.76	0.84	0.85	0.9	NCBGX
MITEX	0.98	0.8	-0.13	0.85	-0.18	0.76		0.86	0.67	0.81	MITEX
PBFDX	0.88	0.86	-0.19	0.91	-0.18	0.84	0.86		0.78	0.8	PBFDX
AUUCX	0.74	0.71	-0.14	0.85	-0.2	0.85	0.67	0.78		0.91	AUUCX
ETAMX	0.86	0.8	-0.16	0.91	-0.2	0.9	0.81	0.8	0.91		ETAMX
	LEAOX	BGNMX	MSSMX	AOVIX	MSSGX	NCBGX	MITEX	PBFDX	AUUCX	ETAMX

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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

MITEX	+ 0.98	LEAOX
NCBGX	+ 0.97	AOVIX
MSSGX	+ 0.93	MSSMX
PBFDX	+ 0.91	AOVIX
ETAMX	+ 0.91	AOVIX
ETAMX	+ 0.91	AUUCX

High negative correlations

NCBGX	- 0.26	MSSGX
NCBGX	- 0.25	MSSMX
MSSGX	- 0.24	AOVIX
MSSGX	- 0.23	LEAOX
AOVIX	- 0.22	MSSMX
ETAMX	- 0.2	MSSGX

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
LEAOX	0.66	0.15	0.19	0.31	0.44	(0.84)	1.71	(1.00)	3.77
BGNMX	0.14	0.00	(0.16)	0.09	0.07	(0.20)	0.22	(0.22)	0.67
MSSMX	1.51	(0.34)	0.00	(0.62)	0.00	0.00	2.46	(3.81)	8.23
AOVIX	0.65	0.14	0.18	0.20	0.48	(0.74)	1.10	(1.25)	9.26
MSSGX	1.51	(0.51)	0.00	(0.33)	0.00	0.00	2.35	(3.80)	7.36
NCBGX	0.50	0.12	0.22	0.28	0.17	(0.64)	0.83	(0.71)	9.81
MITEX	0.79	0.06	0.05	0.11	0.85	(0.87)	1.81	(1.32)	4.57
PBFDX	0.80	0.04	0.03	0.08	0.97	(0.82)	1.46	(1.99)	4.92
AUUCX	0.62	0.16	0.18	0.50	0.46	(0.71)	1.11	(1.00)	10.07
ETAMX	0.42	0.11	0.14	(3.54)	0.30	(0.51)	0.88	(0.70)	5.25

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