Wasatch Small Correlations

WMCVX Fund

USD 9.98 0.26 2.67%

The correlation of Wasatch Small 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 Small Correlation With Market

Almost no diversification

The correlation between Wasatch Small Cap and DJI is 0.92 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Small Cap 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 Small Cap. 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 real.

Moving together with Wasatch Mutual Fund

0.83	WAAEX	Wasatch Small Cap	Pair Corr
0.66	WAESX	Wasatch Emerging Markets	Pair Corr
0.62	WAGSX	Wasatch Global Select	Pair Corr
0.96	WAGOX	Wasatch Global Oppor	Pair Corr
0.62	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.83	WAINX	Wasatch Emerging India	Pair Corr
0.93	WAIVX	Wasatch International	Pair Corr
0.79	WAISX	Wasatch International	Pair Corr
0.99	WAMVX	Wasatch Micro Cap	Pair Corr
0.75	WALSX	Wasatch Longshort Alpha	Pair Corr
0.65	WAMCX	Wasatch Ultra Growth	Pair Corr
0.91	WAUSX	Wasatch Select Investor	Pair Corr
0.94	WGICX	Wasatch Micro Cap	Pair Corr
0.79	WGISX	Wasatch International	Pair Corr
0.63	WGGSX	Wasatch Global Select	Pair Corr
0.65	WGMCX	Wasatch Ultra Growth	Pair Corr
0.95	WGMVX	Wasatch Micro Cap	Pair Corr
0.75	WGLSX	Wells Fargo Advantage	Pair Corr
0.97	WGROX	Wasatch E Growth	Pair Corr
0.91	WGUSX	Wasatch Select Inst	Pair Corr
0.83	WIAEX	Wasatch Small Cap	Pair Corr
1.0	WICVX	Wasatch Small Cap	Pair Corr
0.61	WIFMX	Wasatch Frontier Emerging	Pair Corr
0.67	WIESX	Wasatch Emerging Markets	Pair Corr
0.83	WIINX	Wasatch Emerging India	Pair Corr
0.97	WIGRX	Wasatch E Growth	Pair Corr
0.96	WIGOX	Wasatch Global Oppor	Pair Corr
0.96	WILCX	Wasatch Large Cap	Pair Corr
0.94	WMICX	Wasatch Micro Cap	Pair Corr
0.96	FMIEX	Wasatch Large Cap	Pair Corr
0.96	VSMAX	Vanguard Small Cap	Pair Corr
0.96	VSCIX	Vanguard Small Cap	Pair Corr

Moving against Wasatch Mutual Fund

0.91	WAIOX	Wasatch International	Pair Corr
0.9	WAIGX	Wasatch International	Pair Corr
0.89	WAEMX	Wasatch Emerging Markets	Pair Corr
0.65	WHOSX	Wasatch Hoisington	Pair Corr
0.91	WIIOX	Wasatch International	Pair Corr
0.9	WIIGX	Wasatch International	Pair Corr
0.89	WIEMX	Wasatch Emerging Markets	Pair Corr
0.62	IFN	India Closed	Pair Corr
0.55	IIF	Morgan Stanley India	Pair Corr

Related Correlations Analysis

	FZABX	HHDAX	TWOCX	USCAX	FPREIX	SBCEX	XWDIX	NGVCX	FEONYX
FZABX		0.0	0.0	0.97	0.0	0.0	-0.7	0.0	0.0	FZABX
HHDAX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	HHDAX
TWOCX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TWOCX
USCAX	0.97	0.0	0.0		0.0	0.0	-0.74	0.0	0.0	USCAX
FPREIX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	FPREIX
SBCEX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	SBCEX
XWDIX	-0.7	0.0	0.0	-0.74	0.0	0.0		0.0	0.0	XWDIX
NGVCX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NGVCX
FEONYX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FEONYX
	FZABX	HHDAX	TWOCX	USCAX	FPREIX	SBCEX	XWDIX	NGVCX	FEONYX

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

USCAX	+ 0.97	FZABX
HHDAX	+ 0.0	FZABX
TWOCX	+ 0.0	FZABX
FPREIX	+ 0.0	FZABX
SBCEX	+ 0.0	FZABX
NGVCX	+ 0.0	FZABX

High negative correlations

XWDIX	- 0.74	USCAX
XWDIX	- 0.7	FZABX
FEONYX	- 0.0	NGVCX
FEONYX	- 0.0	XWDIX
NGVCX	- 0.0	XWDIX
FEONYX	- 0.0	SBCEX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Small 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 Small'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
FZABX	0.85	0.28	0.28	0.52	0.44	(1.00)	1.40	(1.42)	14.27
HHDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
TWOCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
USCAX	0.91	0.18	0.17	0.26	0.67	(1.11)	2.13	(1.87)	7.96
FPREIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SBCEX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
XWDIX	0.15	(0.04)	0.00	(0.22)	0.00	0.00	0.21	(0.34)	1.36
NGVCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FEONYX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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