Wasatch Global Correlations

Mutual Funds . USA . 
Fund . Wasatch Global Opportunities
WIGOX Fund  USD 4.46  0.02  0.45%   
The current 90-days correlation between Wasatch Global Oppor and Wasatch Large Cap is 0.8 (i.e., Very poor 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

Modest diversification

The correlation between Wasatch Global Opportunities and DJI is 0.26 (i.e., Modest 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

  0.77WAEMX Wasatch Emerging MarketsPairCorr
  0.66WAESX Wasatch Emerging MarketsPairCorr
  0.82WAGSX Wasatch Global SelectPairCorr
  1.0WAGOX Wasatch Global OpporPairCorr
  0.91WAINX Wasatch Emerging India Potential GrowthPairCorr
  0.64WAISX Wasatch InternationalPairCorr
  0.94WAIGX Wasatch InternationalPairCorr
  0.89WALSX Wasatch Longshort AlphaPairCorr
  0.68WAMCX Wasatch Ultra GrowthPairCorr
  0.92WAUSX Wasatch Select InvestorPairCorr
  0.7WGISX Wasatch InternationalPairCorr
  0.75WGGSX Wasatch Global SelectPairCorr
  0.67WGMCX Wasatch Ultra GrowthPairCorr
  0.89WGLSX Wells Fargo AdvantagePairCorr
  0.94WGROX Wasatch E GrowthPairCorr
  0.85WHOSX Wasatch HoisingtonPairCorr
  0.99WICVX Wasatch Small CapPairCorr
  0.61WIFMX Wasatch Frontier EmergingPairCorr
  0.77WIEMX Wasatch Emerging MarketsPairCorr
  0.66WIESX Wasatch Emerging MarketsPairCorr
  0.94WIIGX Wasatch InternationalPairCorr
  0.61WIIOX Wasatch InternationalPairCorr
  0.91WIINX Wasatch Emerging India Potential GrowthPairCorr
  0.97WIGRX Wasatch E GrowthPairCorr
  0.94WILCX Wasatch Large CapPairCorr
  0.99WMCVX Wasatch Small CapPairCorr
  0.94FMIEX Wasatch Large CapPairCorr
  0.84FSWFX American Funds SmallcapPairCorr
  0.84FSFWX American Funds SmallcapPairCorr

Related Correlations Analysis

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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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