Wasatch Emerging Correlations

Mutual Funds . USA . 
Fund . Wasatch Emerging India
WAINX Fund  USD 5.46  0.03  0.55%   
The current 90-days correlation between Wasatch Emerging India and Matthews India Fund is 0.26 (i.e., Modest 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

Significant diversification

The correlation between Wasatch Emerging India and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Emerging India 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 India. 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 board of governors.

Moving together with Wasatch Mutual Fund

  0.93WAEMX Wasatch Emerging MarketsPairCorr
  0.86WAESX Wasatch Emerging MarketsPairCorr
  0.91WAGOX Wasatch Global OpporPairCorr
  0.79WAFMX Wasatch Frontier EmergingPairCorr
  0.72WAGCX Wasatch Greater ChinaPairCorr
  0.67WAIOX Wasatch InternationalPairCorr
  0.99WAIGX Wasatch InternationalPairCorr
  0.88WALSX Wasatch Longshort AlphaPairCorr
  0.69WAUSX Wasatch Select InvestorPairCorr
  0.71WGGCX Wasatch Greater ChinaPairCorr
  0.88WGLSX Wells Fargo AdvantagePairCorr
  0.76WGROX Wasatch E GrowthPairCorr
  0.88WHOSX Wasatch HoisingtonPairCorr
  0.9WICVX Wasatch Small CapPairCorr
  0.93WIEMX Wasatch Emerging MarketsPairCorr
  0.86WIESX Wasatch Emerging MarketsPairCorr
  0.99WIIGX Wasatch InternationalPairCorr
  0.71WIIOX Wasatch InternationalPairCorr
  1.0WIINX Wasatch Emerging India Potential GrowthPairCorr
  0.79WIGRX Wasatch E GrowthPairCorr
  0.91WIGOX Wasatch Global OpporPairCorr
  0.96WILCX Wasatch Large CapPairCorr
  0.9WMCVX Wasatch Small CapPairCorr
  0.96FMIEX Wasatch Large CapPairCorr
  0.89MIDNX Matthews IndiaPairCorr
  0.89MINDX Matthews IndiaPairCorr
  0.95INDAX Alpskotak India GrowthPairCorr

Moving against Wasatch Mutual Fund

  0.66CII Blackrock EnhancedPairCorr
  0.6ETV Eaton Vance TaxPairCorr
  0.42CLM Cornerstone StrategicPairCorr

Related Correlations Analysis

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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.

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