Wasatch Global Correlations

Mutual Funds USA . 
Fund . Wasatch Global Opportunities
WIGOX Fund  USD 5.05  0.05  1.00%   
The current 90-days correlation between Wasatch Global Oppor and Wasatch Large Cap is 0.47 (i.e., Very weak diversification). The correlation of Wasatch Global 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 Global Correlation With Market

Poor diversification

The correlation between Wasatch Global Opportunities and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Global Opportunities 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 Global Opportunities. 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 persons.

Moving together with Wasatch Mutual Fund

  0.88WAAEX Wasatch Small CapPairCorr
  0.96WAGSX Wasatch Global SelectPairCorr
  1.0WAGOX Wasatch Global OpporPairCorr
  0.85WAMVX Wasatch Micro CapPairCorr
  0.84WALSX Wasatch Longshort AlphaPairCorr
  0.85WAMCX Wasatch Ultra GrowthPairCorr
  0.89WGICX Wasatch Micro CapPairCorr
  0.97WGGSX Wasatch Global SelectPairCorr
  0.85WGMCX Wasatch Ultra GrowthPairCorr
  0.85WGMVX Wasatch Micro CapPairCorr
  0.85WGLSX Wells Fargo AdvantagePairCorr
  0.9WGROX Wasatch E GrowthPairCorr
  0.88WIAEX Wasatch Small CapPairCorr
  0.9WICVX Wasatch Small CapPairCorr
  0.9WIGRX Wasatch E GrowthPairCorr
  0.9WMCVX Wasatch Small CapPairCorr
  0.89WMICX Wasatch Micro CapPairCorr
  0.88FSWFX American Funds SmallcapPairCorr
  0.88FSFWX American Funds SmallcapPairCorr

Moving against Wasatch Mutual Fund

  0.56WHOSX Wasatch HoisingtonPairCorr
  0.71PFHCX Pacific Funds SmallPairCorr

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   
WGICX
+ 0.97
WGMVX
WGICX
+ 0.97
WGMCX
WGMCX
+ 0.94
WGMVX
WGICX
+ 0.79
APHRX
WGMCX
+ 0.74
APHRX
APHRX
+ 0.71
WGMVX
  
High negative correlations   
WGMCX
- 0.33
WILCX
WGICX
- 0.19
WILCX
WGMVX
- 0.17
WILCX

Risk-Adjusted Indicators

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