Wasatch Small Correlations

Mutual Funds . USA . 
Fund . Wasatch Small Cap
WICVX Fund  USD 9.98  0.02  0.20%   
The current 90-days correlation between Wasatch Small Cap and Morningstar Aggressive Growth is 0.69 (i.e., Poor 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 0.93 (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

  0.71WAAEX Wasatch Small CapPairCorr
  0.72WAESX Wasatch Emerging MarketsPairCorr
  0.94WAGOX Wasatch Global OpporPairCorr
  0.8WAFMX Wasatch Frontier EmergingPairCorr
  0.81WAINX Wasatch Emerging IndiaPairCorr
  0.88WAIVX Wasatch InternationalPairCorr
  0.89WAISX Wasatch InternationalPairCorr
  0.99WAMVX Wasatch Micro CapPairCorr
  0.72WALSX Wasatch Longshort AlphaPairCorr
  0.81WAUSX Wasatch Select InvestorPairCorr
  0.94WGICX Wasatch Micro CapPairCorr
  0.89WGISX Wasatch InternationalPairCorr
  0.96WGMVX Wasatch Micro CapPairCorr
  0.74WGLSX Wells Fargo AdvantagePairCorr
  0.95WGROX Wasatch E GrowthPairCorr
  0.81WGUSX Wasatch Select InstPairCorr
  0.71WIAEX Wasatch Small CapPairCorr
  0.8WIFMX Wasatch Frontier EmergingPairCorr
  0.72WIESX Wasatch Emerging MarketsPairCorr
  0.81WIINX Wasatch Emerging IndiaPairCorr
  0.95WIGRX Wasatch E GrowthPairCorr
  0.94WIGOX Wasatch Global OpporPairCorr
  0.93WILCX Wasatch Large CapPairCorr
  1.0WMCVX Wasatch Small CapPairCorr
  0.94WMICX Wasatch Micro CapPairCorr
  0.94FMIEX Wasatch Large CapPairCorr
  0.97VSMAX Vanguard Small CapPairCorr
  0.97VSCIX Vanguard Small CapPairCorr

Moving against Wasatch Mutual Fund

  0.9WAIOX Wasatch InternationalPairCorr
  0.9WAIGX Wasatch InternationalPairCorr
  0.88WAEMX Wasatch Emerging MarketsPairCorr
  0.31WHOSX Wasatch HoisingtonPairCorr
  0.9WIIGX Wasatch InternationalPairCorr
  0.9WIIOX Wasatch InternationalPairCorr
  0.87WIEMX Wasatch Emerging MarketsPairCorr

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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