Wasatch Small Correlations

Mutual Funds . USA . 
Fund . Wasatch Small Cap
WICVX Fund  USD 9.80  0.02  0.20%   
The current 90-days correlation between Wasatch Small Cap and Lord Abbett Inflation is 0.2 (i.e., Modest diversification). The correlation of Wasatch Small 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 Small Correlation With Market

Almost no diversification

The correlation between Wasatch Small Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Small 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 Small 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 manufacturing.

Moving together with Wasatch Mutual Fund

  0.94WAAEX Wasatch Small CapPairCorr
  0.64WAESX Wasatch Emerging MarketsPairCorr
  0.79WAGSX Wasatch Global SelectPairCorr
  0.96WAGOX Wasatch Global OpporPairCorr
  0.83WAINX Wasatch Emerging IndiaPairCorr
  0.88WAIVX Wasatch InternationalPairCorr
  0.64WAISX Wasatch InternationalPairCorr
  0.98WAMVX Wasatch Micro CapPairCorr
  0.69WALSX Wasatch Longshort AlphaPairCorr
  0.73WAMCX Wasatch Ultra GrowthPairCorr
  0.93WAUSX Wasatch Select InvestorPairCorr
  0.94WGICX Wasatch Micro CapPairCorr
  0.65WGISX Wasatch InternationalPairCorr
  0.79WGGSX Wasatch Global SelectPairCorr
  0.73WGMCX Wasatch Ultra GrowthPairCorr
  0.94WGMVX Wasatch Micro CapPairCorr
  0.69WGLSX Wells Fargo AdvantagePairCorr
  0.99WGROX Wasatch E GrowthPairCorr
  0.93WGUSX Wasatch Select InstPairCorr
  0.94WIAEX Wasatch Small CapPairCorr
  0.65WIESX Wasatch Emerging MarketsPairCorr
  0.82WIINX Wasatch Emerging IndiaPairCorr
  0.99WIGRX Wasatch E GrowthPairCorr
  0.96WIGOX Wasatch Global OpporPairCorr
  0.94WILCX Wasatch Large CapPairCorr
  1.0WMCVX Wasatch Small CapPairCorr
  0.94WMICX Wasatch Micro Cap Potential GrowthPairCorr
  0.94FMIEX Wasatch Large CapPairCorr
  0.96VSMAX Vanguard Small CapPairCorr
  0.96VSCIX Vanguard Small CapPairCorr

Moving against Wasatch Mutual Fund

  0.87WAEMX Wasatch Emerging MarketsPairCorr
  0.87WAIOX Wasatch InternationalPairCorr
  0.86WAIGX Wasatch InternationalPairCorr
  0.47WHOSX Wasatch HoisingtonPairCorr
  0.87WIEMX Wasatch Emerging MarketsPairCorr
  0.87WIIOX Wasatch InternationalPairCorr
  0.86WIIGX Wasatch InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Small 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 Small'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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