Wasatch Emerging Correlations

WAEMX Fund

USD 2.85 0.02 0.70%

The current 90-days correlation between Wasatch Emerging Markets and Wasatch Global Opportunities is 0.59 (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

Weak diversification

The correlation between Wasatch Emerging Markets and DJI is 0.36 (i.e., 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 industry.

Moving together with Wasatch Mutual Fund

0.81	WAESX	Wasatch Emerging Markets	Pair Corr
0.64	WAINX	Wasatch Emerging India	Pair Corr
0.69	WAIVX	Wasatch International	Pair Corr
0.69	WAMCX	Wasatch Ultra Growth	Pair Corr
0.69	WGMCX	Wasatch Ultra Growth	Pair Corr
1.0	WIEMX	Wasatch Emerging Markets	Pair Corr
0.81	WIESX	Wasatch Emerging Markets	Pair Corr
0.64	WIINX	Wasatch Emerging India	Pair Corr
0.65	VEMAX	Vanguard Emerging Markets	Pair Corr
0.65	VEIEX	Vanguard Emerging Markets	Pair Corr

Moving against Wasatch Mutual Fund

0.4	WAISX	Wasatch International	Pair Corr
0.4	WGISX	Wasatch International	Pair Corr
0.34	WAIOX	Wasatch International	Pair Corr
0.34	WIIOX	Wasatch International	Pair Corr

Related Correlations Analysis

	WAGOX	WIGOX	SKSEX	MASGX	TPIAX	EAEMX	MPACX	TARKX	SNGVX	BLYYX
WAGOX		1.0	-0.17	-0.65	-0.68	-0.68	-0.64	-0.65	-0.61	-0.69	WAGOX
WIGOX	1.0		-0.17	-0.65	-0.68	-0.68	-0.64	-0.65	-0.6	-0.69	WIGOX
SKSEX	-0.17	-0.17		0.44	0.5	0.52	0.61	0.47	0.63	0.52	SKSEX
MASGX	-0.65	-0.65	0.44		0.9	0.98	0.9	0.95	0.74	0.97	MASGX
TPIAX	-0.68	-0.68	0.5	0.9		0.93	0.95	0.86	0.79	0.9	TPIAX
EAEMX	-0.68	-0.68	0.52	0.98	0.93		0.93	0.95	0.81	0.97	EAEMX
MPACX	-0.64	-0.64	0.61	0.9	0.95	0.93		0.83	0.8	0.91	MPACX
TARKX	-0.65	-0.65	0.47	0.95	0.86	0.95	0.83		0.78	0.96	TARKX
SNGVX	-0.61	-0.6	0.63	0.74	0.79	0.81	0.8	0.78		0.78	SNGVX
BLYYX	-0.69	-0.69	0.52	0.97	0.9	0.97	0.91	0.96	0.78		BLYYX
	WAGOX	WIGOX	SKSEX	MASGX	TPIAX	EAEMX	MPACX	TARKX	SNGVX	BLYYX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WIGOX	+ 1.0	WAGOX
EAEMX	+ 0.98	MASGX
BLYYX	+ 0.97	MASGX
BLYYX	+ 0.97	EAEMX
BLYYX	+ 0.96	TARKX
TARKX	+ 0.95	MASGX

High negative correlations

BLYYX	- 0.69	WIGOX
BLYYX	- 0.69	WAGOX
EAEMX	- 0.68	WIGOX
TPIAX	- 0.68	WIGOX
EAEMX	- 0.68	WAGOX
TPIAX	- 0.68	WAGOX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WAGOX	0.71	(0.17)	0.00	(0.07)	0.00	0.00	1.41	(1.38)	4.26
WIGOX	0.70	(0.17)	0.00	(0.07)	0.00	0.00	1.59	(1.40)	4.43
SKSEX	0.74	(0.05)	(0.03)	0.05	0.76	(0.86)	1.92	(1.24)	6.16
MASGX	0.86	0.09	0.07	0.19	0.94	(0.97)	1.67	(1.42)	5.37
TPIAX	0.57	0.01	(0.01)	0.10	0.59	(0.65)	1.34	(1.12)	3.85
EAEMX	0.39	0.04	(0.02)	0.17	0.41	(0.41)	0.85	(0.58)	2.94
MPACX	0.86	0.02	0.02	0.11	1.17	(0.89)	1.78	(1.27)	7.01
TARKX	1.34	0.11	0.11	0.16	1.49	(1.57)	2.94	(2.45)	8.19
SNGVX	0.14	0.01	(0.46)	(0.30)	0.07	(0.17)	0.29	(0.29)	0.77
BLYYX	0.72	0.01	0.02	0.10	0.87	(0.78)	1.35	(1.06)	4.83

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