Wasatch Emerging Correlations

WIEMX Fund

USD 1.85 0.01 0.54%

The current 90-days correlation between Wasatch Emerging Markets and Vanguard Ultra Short Term Bond is -0.26 (i.e., Very 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 -0.75 (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 board of governors.

Moving together with Wasatch Mutual Fund

1.0	WAEMX	Wasatch Emerging Markets	Pair Corr
1.0	WAIOX	Wasatch International	Pair Corr
1.0	WAIGX	Wasatch International	Pair Corr
0.61	WHOSX	Wasatch Hoisington	Pair Corr
1.0	WIIGX	Wasatch International	Pair Corr
1.0	WIIOX	Wasatch International	Pair Corr

Moving against Wasatch Mutual Fund

0.98	WAINX	Wasatch Emerging India	Pair Corr
0.94	WAMVX	Wasatch Micro Cap	Pair Corr
0.92	WGROX	Wasatch E Growth	Pair Corr
0.91	WAGOX	Wasatch Global Oppor	Pair Corr
0.86	WICVX	Wasatch Small Cap	Pair Corr
0.85	WAIVX	Wasatch International	Pair Corr
0.83	WAUSX	Wasatch Select Investor	Pair Corr
0.83	WGUSX	Wasatch Select Inst	Pair Corr
0.72	WGICX	Wasatch Micro Cap Potential Growth	Pair Corr
0.71	WAAEX	Wasatch Small Cap	Pair Corr
0.71	WIAEX	Wasatch Small Cap	Pair Corr
0.7	WGMVX	Wasatch Micro Cap	Pair Corr
0.62	WAMCX	Wasatch Ultra Growth	Pair Corr
0.62	WGMCX	Wasatch Ultra Growth	Pair Corr
0.56	WAESX	Wasatch Emerging Markets	Pair Corr
0.51	WGGSX	Wasatch Global Select	Pair Corr
0.5	WAGSX	Wasatch Global Select	Pair Corr
0.42	WGLSX	Wells Fargo Advantage	Pair Corr
0.41	WALSX	Wasatch Longshort Alpha	Pair Corr
0.31	WGISX	Wasatch International	Pair Corr
0.98	WIINX	Wasatch Emerging India	Pair Corr
0.96	WIGOX	Wasatch Global Oppor	Pair Corr
0.93	WILCX	Wasatch Large Cap	Pair Corr
0.93	FMIEX	Wasatch Large Cap	Pair Corr
0.92	WIGRX	Wasatch E Growth	Pair Corr
0.92	NWFFX	New World Fund	Pair Corr
0.92	NEWCX	New World Fund	Pair Corr
0.91	FWWNX	American Funds New	Pair Corr
0.91	FNFWX	American Funds New	Pair Corr
0.88	NEWFX	New World Fund	Pair Corr
0.87	WMCVX	Wasatch Small Cap	Pair Corr
0.82	SGGDX	First Eagle Gold Steady Growth	Pair Corr
0.81	OPGSX	Oppenheimer Gold Spec	Pair Corr

Related Correlations Analysis

	TTRBX	PACEX	MBSAX	RBOBX	PTRMX	NNCCX	VUBFX
TTRBX		0.83	0.85	0.92	0.69	0.72	0.86	TTRBX
PACEX	0.83		0.82	0.65	0.87	0.87	0.86	PACEX
MBSAX	0.85	0.82		0.79	0.75	0.7	0.91	MBSAX
RBOBX	0.92	0.65	0.79		0.52	0.51	0.8	RBOBX
PTRMX	0.69	0.87	0.75	0.52		0.96	0.76	PTRMX
NNCCX	0.72	0.87	0.7	0.51	0.96		0.71	NNCCX
VUBFX	0.86	0.86	0.91	0.8	0.76	0.71		VUBFX
	TTRBX	PACEX	MBSAX	RBOBX	PTRMX	NNCCX	VUBFX

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
TTRBX	0.10	0.00	(0.46)	0.01	0.02	(0.14)	0.20	(0.20)	0.60
PACEX	0.09	0.01	(0.36)	0.58	0.00	(0.17)	0.32	(0.11)	0.75
MBSAX	0.21	0.02	(0.14)	0.23	0.10	(0.26)	0.37	(0.44)	2.24
RBOBX	0.10	(0.01)	(0.51)	(0.31)	0.09	(0.13)	0.24	(0.16)	0.48
PTRMX	0.07	0.01	(0.49)	1.16	0.00	(0.09)	0.13	(0.18)	0.57
NNCCX	0.06	0.00	(0.42)	(0.20)	0.00	(0.13)	0.11	(0.11)	0.45
VUBFX	0.03	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.20

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