Wasatch Emerging Correlations

WIINX Fund

USD 5.62 0.06 1.08%

The current 90-days correlation between Wasatch Emerging India and Matthews India Fund is 0.26 (i.e., Modest 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

Significant diversification

The correlation between Wasatch Emerging India and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Emerging India 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 India. 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

0.97	WAEMX	Wasatch Emerging Markets	Pair Corr
0.82	WAESX	Wasatch Emerging Markets	Pair Corr
0.89	WAGOX	Wasatch Global Oppor	Pair Corr
0.74	WAGCX	Wasatch Greater China	Pair Corr
1.0	WAINX	Wasatch Emerging India	Pair Corr
0.81	WALSX	Wasatch Longshort Alpha	Pair Corr
0.68	WAUSX	Wasatch Select Investor	Pair Corr
0.74	WGGCX	Wasatch Greater China	Pair Corr
0.81	WGLSX	Wells Fargo Advantage	Pair Corr
0.82	WGROX	Wasatch E Growth	Pair Corr
0.87	WHOSX	Wasatch Hoisington	Pair Corr
0.89	WICVX	Wasatch Small Cap	Pair Corr
0.94	WIEMX	Wasatch Emerging Markets	Pair Corr
0.82	WIESX	Wasatch Emerging Markets	Pair Corr
0.97	WIIGX	Wasatch International	Pair Corr
0.82	WIGRX	Wasatch E Growth	Pair Corr
0.84	WIGOX	Wasatch Global Oppor	Pair Corr
0.89	WILCX	Wasatch Large Cap	Pair Corr
0.92	WMCVX	Wasatch Small Cap	Pair Corr
0.89	FMIEX	Wasatch Large Cap	Pair Corr
0.91	MIDNX	Matthews India	Pair Corr
0.91	MINDX	Matthews India	Pair Corr

Moving against Wasatch Mutual Fund

0.6	COGVX	Cognios Large Cap	Pair Corr
0.32	FSMMX	Fs Multi Strategy	Pair Corr

Related Correlations Analysis

	MINDX	WAESX	WAEMX	SMIN	WAGOX
MINDX		0.81	0.89	0.76	0.79	MINDX
WAESX	0.81		0.91	0.53	0.71	WAESX
WAEMX	0.89	0.91		0.63	0.83	WAEMX
SMIN	0.76	0.53	0.63		0.4	SMIN
WAGOX	0.79	0.71	0.83	0.4		WAGOX
	MINDX	WAESX	WAEMX	SMIN	WAGOX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
MINDX	0.99	(0.36)	(1.72)	1.42	(2.04)	16.24
WAESX	0.76	(0.12)	(0.39)	1.46	(1.89)	4.17
WAEMX	0.76	(0.27)	(0.97)	1.09	(2.14)	8.74
SMIN	0.98	(0.15)	(1.41)	1.38	(2.30)	4.97
WAGOX	0.82	(0.08)	(0.07)	1.88	(1.33)	11.24

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