Wasatch Micro Correlations

Mutual Funds . USA . 
Fund . Wasatch Micro Cap
WGMVX Fund  USD 4.20  0.04  0.96%   
The current 90-days correlation between Wasatch Micro Cap and Multimanager Lifestyle Moderate 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

Good diversification

The correlation between Wasatch Micro Cap and DJI is -0.14 (i.e., Good 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 real.

Moving together with Wasatch Mutual Fund

  0.89WAIVX Wasatch InternationalPairCorr
  0.9WAISX Wasatch InternationalPairCorr
  1.0WAMVX Wasatch Micro CapPairCorr
  0.94WAUSX Wasatch Select InvestorPairCorr
  0.99WGICX Wasatch Micro CapPairCorr
  0.9WGISX Wasatch InternationalPairCorr
  0.97WGGSX Wasatch Global SelectPairCorr
  0.96WGMCX Wasatch Ultra GrowthPairCorr
  0.97WGUSX Wasatch Select InstPairCorr
  0.99WICVX Wasatch Small CapPairCorr
  0.92WIFMX Wasatch Frontier EmergingPairCorr
  0.91WIEMX Wasatch Emerging MarketsPairCorr
  0.62WIESX Wasatch Emerging MarketsPairCorr
  0.89WIIOX Wasatch InternationalPairCorr
  0.66WIINX Wasatch Emerging IndiaPairCorr
  0.97WIGOX Wasatch Global OpporPairCorr
  0.86WILCX Wasatch Large CapPairCorr
  0.99WMCVX Wasatch Small CapPairCorr
  0.64WMICX Wasatch Micro CapPairCorr
  0.95VSGAX Vanguard Small CapPairCorr

Moving against Wasatch Mutual Fund

  0.34WHOSX Wasatch HoisingtonPairCorr

Related Correlations Analysis

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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.

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