Wasatch Greater Correlations

WAGCX Fund

USD 4.67 0.01 0.21%

The current 90-days correlation between Wasatch Greater China and Wasatch Global Opportunities is 0.22 (i.e., Modest diversification). The correlation of Wasatch Greater 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 Greater Correlation With Market

Significant diversification

The correlation between Wasatch Greater China and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Greater China 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 Greater China. 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

0.98	FHKTX	Fidelity China Region	Pair Corr
0.98	FCHKX	Fidelity China Region	Pair Corr
0.98	FHKAX	Fidelity China Region	Pair Corr
0.97	FHKIX	Fidelity China Region	Pair Corr
0.97	FIQFX	Fidelity China Region	Pair Corr
0.97	FHKCX	Fidelity China Region	Pair Corr
0.97	MICFX	Matthews China	Pair Corr

Moving against Wasatch Mutual Fund

0.65	WHOSX	Wasatch Hoisington	Pair Corr
0.73	PFHCX	Pacific Funds Small	Pair Corr
0.32	PPRWX	Putnam Panagora Risk	Pair Corr
0.31	PPRPX	Putnam Panagora Risk	Pair Corr

Related Correlations Analysis

	WAGOX	WAINX	WAMVX	WAESX	WAFMX
WAGOX		-0.07	0.85	0.25	0.04	WAGOX
WAINX	-0.07		-0.52	0.68	0.86	WAINX
WAMVX	0.85	-0.52		-0.19	-0.37	WAMVX
WAESX	0.25	0.68	-0.19		0.81	WAESX
WAFMX	0.04	0.86	-0.37	0.81		WAFMX
	WAGOX	WAINX	WAMVX	WAESX	WAFMX

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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

WAFMX	+ 0.86	WAINX
WAMVX	+ 0.85	WAGOX
WAFMX	+ 0.81	WAESX
WAESX	+ 0.68	WAINX
WAESX	+ 0.25	WAGOX
WAFMX	+ 0.04	WAGOX

High negative correlations

WAMVX	- 0.52	WAINX
WAFMX	- 0.37	WAMVX
WAESX	- 0.19	WAMVX
WAINX	- 0.07	WAGOX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Greater 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 Greater'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
WAGOX	0.77	(0.01)	(0.02)	0.11	0.74	(0.91)	1.56	(1.26)	3.97
WAINX	0.74	(0.05)	(0.12)	0.00	0.93	(0.77)	1.48	(1.77)	4.61
WAMVX	0.92	0.01	0.06	0.13	0.90	(1.11)	2.12	(1.43)	6.93
WAESX	0.73	(0.09)	0.00	(0.04)	0.00	0.00	1.27	(1.89)	4.40
WAFMX	0.52	(0.09)	0.00	(0.07)	0.00	0.00	1.10	(1.08)	2.78

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