Wasatch Emerging Correlations

Mutual Funds USA . 
Fund . Wasatch Emerging Markets
WIEMX Fund  USD 2.93  0.01  0.34%   
The current 90-days correlation between Wasatch Emerging Markets and Technology Ultrasector Profund is 0.56 (i.e., Very weak 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

Very weak diversification

The correlation between Wasatch Emerging Markets and DJI is 0.46 (i.e., Very weak 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 population.

Moving together with Wasatch Mutual Fund

  0.91WAAEX Wasatch Small CapPairCorr
  1.0WAEMX Wasatch Emerging MarketsPairCorr
  0.92WAESX Wasatch Emerging MarketsPairCorr
  0.89WAGSX Wasatch Global SelectPairCorr
  0.97WAGOX Wasatch Global OpporPairCorr
  0.88WAFMX Wasatch Frontier EmergingPairCorr
  0.94WAIOX Wasatch InternationalPairCorr
  0.81WAINX Wasatch Emerging IndiaPairCorr
  0.96WAIVX Wasatch InternationalPairCorr
  0.95WAISX Wasatch InternationalPairCorr
  0.97WAIGX Wasatch InternationalPairCorr
  0.93WAMVX Wasatch Micro CapPairCorr
  0.93WAMCX Wasatch Ultra GrowthPairCorr
  0.9WGICX Wasatch Micro CapPairCorr
  0.95WGISX Wasatch InternationalPairCorr
  0.89WGGSX Wasatch Global SelectPairCorr
  0.93WGMCX Wasatch Ultra GrowthPairCorr
  0.93WGMVX Wasatch Micro CapPairCorr
  0.9WGROX Wasatch E GrowthPairCorr
  0.91WIAEX Wasatch Small CapPairCorr
  0.94WICVX Wasatch Small CapPairCorr
  0.88WIFMX Wasatch Frontier EmergingPairCorr
  0.92WIESX Wasatch Emerging MarketsPairCorr
  0.96WIIGX Wasatch InternationalPairCorr
  0.94WIIOX Wasatch InternationalPairCorr
  0.81WIINX Wasatch Emerging IndiaPairCorr
  0.9WIGRX Wasatch E GrowthPairCorr
  0.97WIGOX Wasatch Global OpporPairCorr
  0.97WILCX Wasatch Large CapPairCorr
  0.94WMCVX Wasatch Small CapPairCorr
  0.9WMICX Wasatch Micro CapPairCorr
  0.97FMIEX Wasatch Large CapPairCorr
  0.98VEMAX Vanguard Emerging MarketsPairCorr
  0.98VEIEX Vanguard Emerging MarketsPairCorr

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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