Wasatch Frontier Correlations

WIFMX Fund  USD 3.88  0.02  0.51%   
The current 90-days correlation between Wasatch Frontier Emerging and Short Term Investment Trust is 0.02 (i.e., Significant diversification). The correlation of Wasatch Frontier 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 Frontier Correlation With Market

Good diversification

The correlation between Wasatch Frontier Emerging 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 Frontier Emerging 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 Frontier Emerging. 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

  0.9WAAEX Wasatch Small CapPairCorr
  0.82WAEMX Wasatch Emerging MarketsPairCorr
  0.96WAESX Wasatch Emerging MarketsPairCorr
  0.92WAGSX Wasatch Global SelectPairCorr
  0.85WAGOX Wasatch Global OpporPairCorr
  1.0WAFMX Wasatch Frontier EmergingPairCorr
  0.84WAIOX Wasatch InternationalPairCorr
  0.81WAIVX Wasatch InternationalPairCorr
  0.85WAISX Wasatch InternationalPairCorr
  0.84WAIGX Wasatch InternationalPairCorr
  0.89WAMVX Wasatch Micro CapPairCorr
  0.91WAMCX Wasatch Ultra GrowthPairCorr
  0.93WAUSX Wasatch Select InvestorPairCorr
  0.9WGICX Wasatch Micro CapPairCorr
  0.84WGISX Wasatch InternationalPairCorr
  0.92WGGSX Wasatch Global SelectPairCorr
  0.91WGMCX Wasatch Ultra GrowthPairCorr
  0.89WGMVX Wasatch Micro CapPairCorr
  0.87WGROX Wasatch E GrowthPairCorr
  0.93WGUSX Wasatch Select InstPairCorr
  0.93WIAEX Wasatch Small CapPairCorr
  0.9WICVX Wasatch Small CapPairCorr
  0.86WIEMX Wasatch Emerging MarketsPairCorr
  0.96WIESX Wasatch Emerging MarketsPairCorr
  0.85WIIGX Wasatch InternationalPairCorr
  0.84WIIOX Wasatch InternationalPairCorr
  0.87WIGRX Wasatch E GrowthPairCorr
  0.88WIGOX Wasatch Global OpporPairCorr
  0.75WILCX Wasatch Large CapPairCorr
  0.9WMCVX Wasatch Small CapPairCorr
  0.9WMICX Wasatch Micro CapPairCorr
  0.75FMIEX Wasatch Large CapPairCorr

Moving against Wasatch Mutual Fund

  0.38WHOSX Wasatch HoisingtonPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Frontier 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 Frontier'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.