Wasatch Emerging Correlations

WIEMX Fund

USD 1.90 0.01 0.53%

The current 90-days correlation between Wasatch Emerging Markets and Calvert Moderate Allocation is -0.03 (i.e., Good 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

Pay attention - limited upside

The correlation between Wasatch Emerging Markets and DJI is -0.74 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Emerging Markets 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 Markets. 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 state.

Moving together with Wasatch Mutual Fund

1.0	WAEMX	Wasatch Emerging Markets	Pair Corr
0.97	WAIOX	Wasatch International	Pair Corr
1.0	WAIGX	Wasatch International	Pair Corr
1.0	WIIGX	Wasatch International	Pair Corr
0.97	WIIOX	Wasatch International	Pair Corr

Moving against Wasatch Mutual Fund

0.98	WAINX	Wasatch Emerging India	Pair Corr
0.96	WAGOX	Wasatch Global Oppor	Pair Corr
0.93	WGROX	Wasatch E Growth	Pair Corr
0.91	WAMVX	Wasatch Micro Cap	Pair Corr
0.88	WICVX	Wasatch Small Cap	Pair Corr
0.85	WAUSX	Wasatch Select Investor	Pair Corr
0.85	WGUSX	Wasatch Select Inst	Pair Corr
0.74	WGMVX	Wasatch Micro Cap	Pair Corr
0.73	WGICX	Wasatch Micro Cap	Pair Corr
0.72	WAIVX	Wasatch International	Pair Corr
0.72	WGISX	Wasatch International	Pair Corr
0.71	WAISX	Wasatch International	Pair Corr
0.65	WAAEX	Wasatch Small Cap	Pair Corr
0.64	WIAEX	Wasatch Small Cap	Pair Corr
0.61	WAESX	Wasatch Emerging Markets	Pair Corr
0.57	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.56	WIFMX	Wasatch Frontier Emerging	Pair Corr
0.48	WGLSX	Wells Fargo Advantage	Pair Corr
0.47	WALSX	Wasatch Longshort Alpha	Pair Corr
0.44	WGGSX	Wasatch Global Select	Pair Corr
0.43	WAGSX	Wasatch Global Select	Pair Corr
0.39	WGMCX	Wasatch Ultra Growth	Pair Corr
0.38	WAMCX	Wasatch Ultra Growth	Pair Corr
0.98	WIINX	Wasatch Emerging India	Pair Corr
0.96	WIGOX	Wasatch Global Oppor	Pair Corr
0.93	WIGRX	Wasatch E Growth	Pair Corr
0.88	WMCVX	Wasatch Small Cap	Pair Corr
0.88	FWWNX	American Funds New	Pair Corr
0.88	FNFWX	American Funds New	Pair Corr
0.82	WILCX	Wasatch Large Cap	Pair Corr
0.82	FMIEX	Wasatch Large Cap	Pair Corr
0.74	NWFFX	New World Fund	Pair Corr
0.74	NEWCX	New World Fund	Pair Corr
0.73	WMICX	Wasatch Micro Cap	Pair Corr
0.73	PFN	Pimco Income Strategy	Pair Corr
0.7	VEMRX	Vanguard Emerging Markets	Pair Corr

Related Correlations Analysis

	RRTLX	JTSQX	LPCRX	FHRVX	TBLKX	IMDRX	CMACX
RRTLX		0.96	0.97	0.96	0.98	0.94	0.97	RRTLX
JTSQX	0.96		0.94	0.93	0.95	0.93	0.93	JTSQX
LPCRX	0.97	0.94		0.98	0.97	0.96	0.98	LPCRX
FHRVX	0.96	0.93	0.98		0.99	0.93	0.95	FHRVX
TBLKX	0.98	0.95	0.97	0.99		0.94	0.97	TBLKX
IMDRX	0.94	0.93	0.96	0.93	0.94		0.96	IMDRX
CMACX	0.97	0.93	0.98	0.95	0.97	0.96		CMACX
	RRTLX	JTSQX	LPCRX	FHRVX	TBLKX	IMDRX	CMACX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
RRTLX	0.27	0.05	0.06	0.19	0.10	(0.34)	0.58	(0.49)	3.30
JTSQX	0.53	0.11	0.08	(1.65)	0.54	(0.58)	1.05	(1.10)	4.95
LPCRX	0.31	0.05	0.06	0.20	0.26	(0.36)	0.64	(0.65)	2.53
FHRVX	0.22	0.02	(0.02)	0.13	0.17	(0.25)	0.48	(0.44)	1.18
TBLKX	0.54	0.05	0.05	0.11	0.59	(0.56)	1.16	(1.34)	3.42
IMDRX	0.40	0.10	0.10	(3.17)	0.26	(0.46)	0.81	(0.67)	5.29
CMACX	0.41	0.04	0.04	0.13	0.36	(0.47)	0.87	(0.75)	3.54

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