Wasatch Micro Correlations

WGICX Fund

USD 9.26 0.05 0.54%

The current 90-days correlation between Wasatch Micro Cap and Shelton Emerging Markets is 0.02 (i.e., Significant diversification). The correlation of Wasatch Micro 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 Micro Correlation With Market

Almost no diversification

The correlation between Wasatch Micro Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Micro Cap 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 Micro Cap. 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 unemployment.

Moving together with Wasatch Mutual Fund

0.92	WAAEX	Wasatch Small Cap	Pair Corr
0.66	WAINX	Wasatch Emerging India	Pair Corr
0.9	WAMVX	Wasatch Micro Cap Potential Growth	Pair Corr
0.91	WGROX	Wasatch E Growth	Pair Corr
0.88	WILCX	Wasatch Large Cap	Pair Corr
1.0	WMICX	Wasatch Micro Cap	Pair Corr
0.96	VSGAX	Vanguard Small Cap	Pair Corr
0.96	VSGIX	Vanguard Small Cap	Pair Corr
0.96	VISGX	Vanguard Small Cap	Pair Corr
0.98	VEXPX	Vanguard Explorer	Pair Corr
0.98	VEXRX	Vanguard Explorer	Pair Corr
0.89	JGMIX	Janus Triton	Pair Corr
0.89	JGMRX	Janus Triton	Pair Corr
0.88	JGMAX	Janus Triton	Pair Corr
0.88	JGMCX	Janus Triton	Pair Corr
0.9	JGMNX	Janus Triton	Pair Corr
0.86	FSMMX	Fs Multi Strategy	Pair Corr
0.88	BTMPX	Ishares Msci Eafe	Pair Corr
0.91	BTMKX	Blackrock International	Pair Corr
0.91	MDIIX	Blackrock Intern Index	Pair Corr
0.73	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.73	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.73	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.82	GAB	Gabelli Equity Trust	Pair Corr
0.81	DFARX	Dimensional 2070 Target	Pair Corr
0.85	VSMCX	Invesco Small Cap	Pair Corr
0.87	PARBX	Trowe Price Retirement	Pair Corr
0.85	PQTNX	Pimco Trends Managed	Pair Corr
0.97	FSCIX	Fidelity Advisor Small	Pair Corr
0.81	APHEX	Artisan Emerging Markets	Pair Corr
0.94	WHGSX	Westwood Smallcap Value	Pair Corr
0.94	JGCSX	Janus Global Allocation	Pair Corr
0.93	ETNDX	Eventide Global Dividend	Pair Corr
0.86	GPARX	Guidepath Absolute Return	Pair Corr
0.84	EEIAX	Eaton Vance Emerging	Pair Corr
0.84	CCWIX	Chautauqua International	Pair Corr

Moving against Wasatch Mutual Fund

0.75	WIIOX	Wasatch International	Pair Corr
0.73	WAIGX	Wasatch International	Pair Corr

Related Correlations Analysis

	GMAUX	FEMDX	TRMIX	DBELX	CDHIX	EMSLX
GMAUX		0.92	0.86	0.93	0.96	0.83	GMAUX
FEMDX	0.92		0.94	0.96	0.93	0.94	FEMDX
TRMIX	0.86	0.94		0.88	0.93	0.93	TRMIX
DBELX	0.93	0.96	0.88		0.93	0.88	DBELX
CDHIX	0.96	0.93	0.93	0.93		0.89	CDHIX
EMSLX	0.83	0.94	0.93	0.88	0.89		EMSLX
	GMAUX	FEMDX	TRMIX	DBELX	CDHIX	EMSLX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Micro 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 Micro'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
GMAUX	0.61	0.28	0.32	0.67	0.00	(0.72)	1.34	(0.93)	5.06
FEMDX	0.15	0.07	0.13	0.60	0.00	(0.21)	0.48	(0.24)	1.12
TRMIX	0.71	0.11	0.14	0.15	0.58	(0.85)	1.99	(1.40)	6.32
DBELX	0.19	0.07	0.10	0.80	0.00	(0.26)	0.43	(0.32)	0.92
CDHIX	0.60	0.10	0.10	0.17	0.63	(0.62)	1.30	(1.37)	2.88
EMSLX	0.94	0.41	0.42	0.74	0.20	(1.09)	1.64	(1.63)	19.22

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