Wasatch Micro Correlations

Mutual Funds . USA . 
Fund . Wasatch Micro Cap
WMICX Fund  USD 9.30  0.06  0.65%   
The current 90-days correlation between Wasatch Micro Cap and Calvert Developed Market is -0.1 (i.e., Good diversification). The correlation of Wasatch Micro 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 Micro Correlation With Market

Almost no diversification

The correlation between Wasatch Micro Cap and DJI is 0.94 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Micro 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 Micro 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 services.

Moving together with Wasatch Mutual Fund

  0.76WAAEX Wasatch Small CapPairCorr
  0.68WAESX Wasatch Emerging MarketsPairCorr
  0.85WAGOX Wasatch Global OpporPairCorr
  0.76WAFMX Wasatch Frontier EmergingPairCorr
  0.64WAINX Wasatch Emerging IndiaPairCorr
  0.75WAIVX Wasatch InternationalPairCorr
  0.87WAISX Wasatch InternationalPairCorr
  0.91WAMVX Wasatch Micro CapPairCorr
  0.68WALSX Wasatch Longshort AlphaPairCorr
  0.64WAMCX Wasatch Ultra GrowthPairCorr
  0.76WAUSX Wasatch Select InvestorPairCorr
  0.97WGICX Wasatch Micro CapPairCorr
  0.83WGISX Wasatch InternationalPairCorr
  0.66WGMCX Wasatch Ultra GrowthPairCorr
  0.94WGMVX Wasatch Micro CapPairCorr
  0.69WGLSX Wells Fargo AdvantagePairCorr
  0.89WGROX Wasatch E GrowthPairCorr
  0.78WGUSX Wasatch Select InstPairCorr
  0.76WIAEX Wasatch Small CapPairCorr
  0.92WICVX Wasatch Small CapPairCorr
  0.72WIFMX Wasatch Frontier EmergingPairCorr
  0.64WIESX Wasatch Emerging MarketsPairCorr
  0.65WIINX Wasatch Emerging IndiaPairCorr
  0.89WIGRX Wasatch E GrowthPairCorr
  0.84WIGOX Wasatch Global OpporPairCorr
  0.94WMCVX Wasatch Small CapPairCorr
  0.82FMIEX Wasatch Large CapPairCorr
  0.96VSGAX Vanguard Small CapPairCorr
  0.96VSGIX Vanguard Small CapPairCorr
  0.96VISGX Vanguard Small CapPairCorr

Moving against Wasatch Mutual Fund

  0.75WAIOX Wasatch InternationalPairCorr
  0.73WAIGX Wasatch InternationalPairCorr
  0.71WAEMX Wasatch Emerging MarketsPairCorr
  0.74WIIGX Wasatch InternationalPairCorr
  0.74WIIOX Wasatch InternationalPairCorr
  0.72WIEMX Wasatch Emerging MarketsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Micro 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 Micro'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
JOEAX  0.74  0.20  0.19  0.46  0.55 
(0.87)
 1.93 
(1.41)
 3.58 
SAGWX  0.66  0.08  0.02  0.78  0.66 
(0.76)
 1.87 
(1.23)
 4.45 
PACIX  0.73  0.14  0.07 (8.28) 0.76 
(0.77)
 1.67 
(1.65)
 3.83 
NEJYX  0.79  0.14  0.17  0.19  0.57 
(1.01)
 2.57 
(1.52)
 4.59 
NEFJX  0.79  0.20  0.15  2.28  0.56 
(0.99)
 2.51 
(1.49)
 4.63 
NEFSX  0.60  0.00 (0.08)(0.06) 0.81 
(0.62)
 1.24 
(1.52)
 3.74 
CVMAX  0.70  0.21  0.18  24.14  0.48 
(0.82)
 1.56 
(1.16)
 4.25 
CDHRX  0.62  0.15  0.16  0.26  0.51 
(0.69)
 1.52 
(1.32)
 3.43 
CDHIX  0.62  0.15  0.16  0.26  0.51 
(0.69)
 1.51 
(1.34)
 3.42 
CDHAX  0.61  0.19  0.14 (4.49) 0.56 
(0.66)
 1.52 
(1.31)
 3.45 

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