Wasatch Emerging Correlations

Mutual Funds . USA . 
Fund . Wasatch Emerging Markets
WIEMX Fund  USD 3.12  0.03  0.97%   
The current 90-days correlation between Wasatch Emerging Markets and Wasatch International Opportunities is 0.63 (i.e., Poor 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

Very weak diversification

The correlation between Wasatch Emerging Markets and DJI is 0.47 (i.e., Very weak diversification) 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 population.

Moving together with Wasatch Mutual Fund

  1.0WAEMX Wasatch Emerging MarketsPairCorr
  0.92WAESX Wasatch Emerging MarketsPairCorr
  0.91WAFMX Wasatch Frontier EmergingPairCorr
  0.83WAIOX Wasatch InternationalPairCorr
  0.85WAINX Wasatch Emerging IndiaPairCorr
  0.89WAIGX Wasatch InternationalPairCorr
  0.91WIFMX Wasatch Frontier EmergingPairCorr
  0.91WIESX Wasatch Emerging MarketsPairCorr
  0.89WIIGX Wasatch InternationalPairCorr
  0.83WIIOX Wasatch InternationalPairCorr
  0.86WIINX Wasatch Emerging IndiaPairCorr
  0.81FWWNX American Funds NewPairCorr
  0.81FNFWX American Funds NewPairCorr
  0.82NEWFX New World FundPairCorr

Moving against Wasatch Mutual Fund

  0.41WGMVX Wasatch Micro CapPairCorr
  0.4WAMVX Wasatch Micro CapPairCorr
  0.38WAMCX Wasatch Ultra GrowthPairCorr
  0.38WGMCX Wasatch Ultra GrowthPairCorr
  0.37WAAEX Wasatch Small CapPairCorr
  0.37WIAEX Wasatch Small CapPairCorr
  0.34WGROX Wasatch E GrowthPairCorr
  0.34WIGRX Wasatch E GrowthPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
WAIGX
+ 0.96
WAIOX
WAFMX
+ 0.88
WAIGX
WAGOX
+ 0.85
WAMVX
WAFMX
+ 0.8
WAIOX
WAGOX
+ 0.04
WAFMX
WAGOX
+ 0.03
WAIGX
  
High negative correlations   
WAMVX
- 0.5
WAIOX
WAMVX
- 0.39
WAIGX
WAMVX
- 0.37
WAFMX
WAGOX
- 0.15
WAIOX

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.

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