Wasatch Emerging Correlations

Mutual Funds . USA . 
Fund . Wasatch Emerging Markets
WAESX Fund  USD 17.83  0.03  0.17%   
The current 90-days correlation between Wasatch Emerging Markets and Wasatch Emerging India is -0.12 (i.e., Good 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

Good diversification

The correlation between Wasatch Emerging Markets and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Emerging Markets 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 Markets. 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 state.

Moving together with Wasatch Mutual Fund

  0.93WAAEX Wasatch Small CapPairCorr
  0.89WAEMX Wasatch Emerging MarketsPairCorr
  0.94WAGSX Wasatch Global SelectPairCorr
  0.93WAGOX Wasatch Global OpporPairCorr
  0.97WAFMX Wasatch Frontier EmergingPairCorr
  0.91WAIOX Wasatch InternationalPairCorr
  0.62WAINX Wasatch Emerging IndiaPairCorr
  0.88WAIVX Wasatch InternationalPairCorr
  0.9WAISX Wasatch InternationalPairCorr
  0.9WAIGX Wasatch InternationalPairCorr
  0.93WAMVX Wasatch Micro CapPairCorr
  0.68WALSX Wasatch Longshort AlphaPairCorr
  0.92WAMCX Wasatch Ultra GrowthPairCorr
  0.95WAUSX Wasatch Select InvestorPairCorr
  0.95WGICX Wasatch Micro CapPairCorr
  0.9WGISX Wasatch InternationalPairCorr
  0.97WGGSX Wasatch Global SelectPairCorr
  0.94WGMCX Wasatch Ultra GrowthPairCorr
  0.93WGMVX Wasatch Micro CapPairCorr
  0.68WGLSX Wells Fargo AdvantagePairCorr
  0.92WGROX Wasatch E GrowthPairCorr
  0.95WGUSX Wasatch Select InstPairCorr
  0.95WIAEX Wasatch Small CapPairCorr
  0.93WICVX Wasatch Small CapPairCorr
  0.94WIFMX Wasatch Frontier EmergingPairCorr
  0.92WIEMX Wasatch Emerging MarketsPairCorr
  0.97WIESX Wasatch Emerging MarketsPairCorr
  0.9WIIGX Wasatch InternationalPairCorr
  0.92WIIOX Wasatch InternationalPairCorr
  0.9WIGRX Wasatch E GrowthPairCorr
  0.91WIGOX Wasatch Global OpporPairCorr
  0.84WILCX Wasatch Large CapPairCorr
  0.93WMCVX Wasatch Small CapPairCorr
  0.94WMICX Wasatch Micro CapPairCorr
  0.85FMIEX Wasatch Large CapPairCorr
  0.92VEMAX Vanguard Emerging MarketsPairCorr

Moving against Wasatch Mutual Fund

  0.36WHOSX Wasatch HoisingtonPairCorr
  0.55GPMFX Guidepath Managed FuturesPairCorr
  0.44PQTAX Pimco Trends ManagedPairCorr

Related Correlations Analysis

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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.

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