Wasatch Global Correlations

Mutual Funds . USA . 
Fund . Wasatch Global Select
WAGSX Fund  USD 12.84  0.17  1.31%   
The current 90-days correlation between Wasatch Global Select and Blackrock Technology Opportunities is 0.92 (i.e., Almost no diversification). The correlation of Wasatch Global 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 Global Correlation With Market

Almost no diversification

The correlation between Wasatch Global Select and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Global Select 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 Global Select. 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 state.

Moving together with Wasatch Mutual Fund

  0.95WAAEX Wasatch Small CapPairCorr
  0.9WAEMX Wasatch Emerging MarketsPairCorr
  0.92WAESX Wasatch Emerging MarketsPairCorr
  0.97WAGOX Wasatch Global OpporPairCorr
  0.95WAFMX Wasatch Frontier EmergingPairCorr
  0.91WAIOX Wasatch InternationalPairCorr
  0.77WAINX Wasatch Emerging IndiaPairCorr
  0.88WAIVX Wasatch InternationalPairCorr
  0.94WAISX Wasatch InternationalPairCorr
  0.92WAIGX Wasatch InternationalPairCorr
  0.88WAMVX Wasatch Micro CapPairCorr
  0.67WALSX Wasatch Longshort AlphaPairCorr
  0.64WAMCX Wasatch Ultra GrowthPairCorr
  0.91WAUSX Wasatch Select InvestorPairCorr
  0.95WGICX Wasatch Micro CapPairCorr
  0.94WGISX Wasatch InternationalPairCorr
  1.0WGGSX Wasatch Global SelectPairCorr
  0.75WGMCX Wasatch Ultra GrowthPairCorr
  0.94WGMVX Wasatch Micro CapPairCorr
  0.77WGLSX Wells Fargo AdvantagePairCorr
  0.84WGROX Wasatch E GrowthPairCorr
  0.88WIAEX Wasatch Small CapPairCorr
  0.79WICVX Wasatch Small CapPairCorr
  0.95WIFMX Wasatch Frontier EmergingPairCorr
  0.95WIEMX Wasatch Emerging MarketsPairCorr
  0.98WIESX Wasatch Emerging MarketsPairCorr
  0.92WIIGX Wasatch InternationalPairCorr
  0.91WIIOX Wasatch InternationalPairCorr
  0.73WIINX Wasatch Emerging IndiaPairCorr
  0.84WIGRX Wasatch E GrowthPairCorr
  0.9WIGOX Wasatch Global OpporPairCorr
  0.88WILCX Wasatch Large CapPairCorr
  0.69WMCVX Wasatch Small CapPairCorr
  0.95WMICX Wasatch Micro CapPairCorr
  0.88FMIEX Wasatch Large CapPairCorr
  0.89FNFPX American Funds NewPairCorr

Moving against Wasatch Mutual Fund

  0.68WHOSX Wasatch HoisingtonPairCorr
  0.45XDSMX Dreyfus StrategicPairCorr
  0.43XNXJX Nuveen New JerseyPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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