Wasatch Emerging Correlations

Mutual Funds . USA . 
Fund . Wasatch Emerging India
WAINX Fund  USD 5.82  0.01  0.17%   
The current 90-days correlation between Wasatch Emerging India and Matthews India Fund is 0.9 (i.e., Almost no 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

Good diversification

The correlation between Wasatch Emerging India and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Emerging India 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 India. 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 board of governors.

Moving together with Wasatch Mutual Fund

  0.69WAAEX Wasatch Small CapPairCorr
  0.86WAEMX Wasatch Emerging MarketsPairCorr
  0.82WAESX Wasatch Emerging MarketsPairCorr
  0.77WAGSX Wasatch Global SelectPairCorr
  0.79WAGOX Wasatch Global OpporPairCorr
  0.81WAFMX Wasatch Frontier EmergingPairCorr
  0.87WAIOX Wasatch InternationalPairCorr
  0.8WAIVX Wasatch InternationalPairCorr
  0.85WAISX Wasatch InternationalPairCorr
  0.85WAIGX Wasatch InternationalPairCorr
  0.69WAMVX Wasatch Micro CapPairCorr
  0.66WAMCX Wasatch Ultra GrowthPairCorr
  0.66WAUSX Wasatch Select InvestorPairCorr
  0.68WGICX Wasatch Micro CapPairCorr
  0.85WGISX Wasatch InternationalPairCorr
  0.78WGGSX Wasatch Global SelectPairCorr
  0.64WGMVX Wasatch Micro CapPairCorr
  0.69WIAEX Wasatch Small CapPairCorr
  0.77WIFMX Wasatch Frontier EmergingPairCorr
  0.8WIEMX Wasatch Emerging MarketsPairCorr
  0.82WIESX Wasatch Emerging MarketsPairCorr
  0.79WIIGX Wasatch InternationalPairCorr
  0.87WIIOX Wasatch InternationalPairCorr
  0.74WIINX Wasatch Emerging IndiaPairCorr
  0.75WIGOX Wasatch Global OpporPairCorr
  0.83WILCX Wasatch Large CapPairCorr
  0.69WMICX Wasatch Micro CapPairCorr
  0.85FMIEX Wasatch Large CapPairCorr
  0.8MIDNX Matthews IndiaPairCorr

Moving against Wasatch Mutual Fund

  0.48WHOSX Wasatch HoisingtonPairCorr

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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