Wasatch Frontier Correlations

WAFMX Fund

USD 3.69 0.05 1.37%

The current 90-days correlation between Wasatch Frontier Emerging and Consumer Products Fund is -0.16 (i.e., Good 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

Very weak diversification

The correlation between Wasatch Frontier Emerging and DJI is 0.49 (i.e., Very weak 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 industry.

Moving together with Wasatch Mutual Fund

0.73	WAGSX	Wasatch Global Select	Pair Corr
0.86	WAISX	Wasatch International	Pair Corr
0.67	WAUSX	Wasatch Select Investor	Pair Corr
0.86	WGISX	Wasatch International	Pair Corr
0.72	WGGSX	Wasatch Global Select	Pair Corr
0.67	WGUSX	Wasatch Select Inst	Pair Corr
1.0	WIFMX	Wasatch Frontier Emerging	Pair Corr

Moving against Wasatch Mutual Fund

0.72	WAIVX	Wasatch International	Pair Corr
0.58	WAMCX	Wasatch Ultra Growth	Pair Corr
0.58	WGMCX	Wasatch Ultra Growth	Pair Corr
0.51	WILCX	Wasatch Large Cap	Pair Corr
0.51	FMIEX	Wasatch Large Cap	Pair Corr

Related Correlations Analysis

	RYCPX	SAOAX	ENPSX	VLEQX	TEEAX	WSCVX	MECAX	MCMVX
RYCPX		0.43	-0.35	0.4	-0.54	-0.16	0.09	-0.09	RYCPX
SAOAX	0.43		-0.14	0.47	-0.05	0.22	0.45	0.3	SAOAX
ENPSX	-0.35	-0.14		0.16	0.44	0.23	0.11	0.24	ENPSX
VLEQX	0.4	0.47	0.16		0.18	0.66	0.79	0.69	VLEQX
TEEAX	-0.54	-0.05	0.44	0.18		0.75	0.46	0.74	TEEAX
WSCVX	-0.16	0.22	0.23	0.66	0.75		0.78	0.95	WSCVX
MECAX	0.09	0.45	0.11	0.79	0.46	0.78		0.8	MECAX
MCMVX	-0.09	0.3	0.24	0.69	0.74	0.95	0.8		MCMVX
	RYCPX	SAOAX	ENPSX	VLEQX	TEEAX	WSCVX	MECAX	MCMVX

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

MCMVX	+ 0.95	WSCVX
MCMVX	+ 0.8	MECAX
MECAX	+ 0.79	VLEQX
MECAX	+ 0.78	WSCVX
WSCVX	+ 0.75	TEEAX
MCMVX	+ 0.74	TEEAX

High negative correlations

TEEAX	- 0.54	RYCPX
ENPSX	- 0.35	RYCPX
WSCVX	- 0.16	RYCPX
ENPSX	- 0.14	SAOAX
MCMVX	- 0.09	RYCPX
TEEAX	- 0.05	SAOAX

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
RYCPX	0.51	(0.07)	0.00	(0.23)	0.00	0.00	1.32	(0.97)	3.56
SAOAX	0.41	(0.02)	(0.09)	0.01	0.55	(0.39)	0.81	(0.84)	2.75
ENPSX	1.32	(0.03)	(0.02)	0.02	1.71	(1.35)	2.50	(2.26)	7.36
VLEQX	0.55	(0.05)	(0.08)	(0.01)	0.70	(0.62)	1.12	(0.93)	2.98
TEEAX	0.60	0.11	0.08	3.92	0.38	(1.37)	2.37	(1.42)	5.06
WSCVX	1.13	0.21	0.19	0.26	0.86	(1.47)	2.41	(1.79)	15.75
MECAX	0.56	0.00	(0.04)	0.05	0.66	(0.60)	1.07	(1.07)	3.50
MCMVX	0.71	0.06	0.08	0.11	0.68	(0.87)	1.29	(1.56)	9.01

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