Wasatch Small Correlations

WIAEX Fund

USD 40.13 0.54 1.33%

The current 90-days correlation between Wasatch Small Cap and Northern Small Cap is -0.08 (i.e., Good diversification). 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

Good diversification

The correlation between Wasatch Small Cap and DJI is -0.03 (i.e., Good 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 interest.

Moving together with Wasatch Mutual Fund

0.63	WAAEX	Wasatch Small Cap	Pair Corr
0.72	WGGSX	Wasatch Global Select	Pair Corr
0.88	WGUSX	Wasatch Select Inst	Pair Corr

Related Correlations Analysis

	NSIDX	PLZTX	ELDFX	TBDQX	CDBCX	VDSCX	MDBRX	XACVX
NSIDX		0.97	0.95	0.9	0.87	0.9	0.91	0.91	NSIDX
PLZTX	0.97		1.0	0.96	0.92	0.95	0.95	0.94	PLZTX
ELDFX	0.95	1.0		0.98	0.91	0.95	0.94	0.95	ELDFX
TBDQX	0.9	0.96	0.98		0.89	0.94	0.91	0.95	TBDQX
CDBCX	0.87	0.92	0.91	0.89		0.85	0.97	0.89	CDBCX
VDSCX	0.9	0.95	0.95	0.94	0.85		0.9	0.97	VDSCX
MDBRX	0.91	0.95	0.94	0.91	0.97	0.9		0.93	MDBRX
XACVX	0.91	0.94	0.95	0.95	0.89	0.97	0.93		XACVX
	NSIDX	PLZTX	ELDFX	TBDQX	CDBCX	VDSCX	MDBRX	XACVX

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
NSIDX	0.91	0.01	0.06	0.10	0.87	(1.04)	2.50	(1.46)	6.86
PLZTX	0.31	0.02	(0.06)	0.13	0.21	(0.38)	0.78	(0.43)	2.61
ELDFX	0.31	0.03	(0.03)	0.14	0.22	(0.37)	0.77	(0.44)	2.85
TBDQX	0.72	0.04	0.04	0.13	0.85	(0.78)	1.54	(1.37)	5.12
CDBCX	0.18	0.03	(0.29)	0.81	0.00	(0.24)	0.43	(0.22)	1.10
VDSCX	0.60	0.15	0.05	(0.83)	0.63	(0.69)	1.63	(0.98)	4.67
MDBRX	0.15	0.04	(0.29)	1.31	0.00	(0.21)	0.36	(0.24)	1.08
XACVX	0.67	0.17	0.06	(0.88)	0.70	(0.76)	1.45	(1.34)	4.48

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC

Wasatch Small Correlations

Wasatch Small Correlation With Market

Good diversification

Moving together with Wasatch Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY