Wasatch International Correlations

WAISX Fund

USD 13.13 0.05 0.38%

The correlation of Wasatch International 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 International Correlation With Market

Poor diversification

The correlation between Wasatch International Select and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch International 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 International 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 main economic indicators.

Moving together with Wasatch Mutual Fund

0.79	WAGSX	Wasatch Global Select	Pair Corr
0.79	WAGOX	Wasatch Global Oppor	Pair Corr
0.61	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.74	WAIOX	Wasatch International	Pair Corr
0.94	WAIGX	Wasatch International	Pair Corr
0.7	WALSX	Wasatch Longshort Alpha	Pair Corr
0.98	WGISX	Wasatch International	Pair Corr
0.74	WGGSX	Wasatch Global Select	Pair Corr
0.76	WGROX	Wasatch E Growth	Pair Corr
0.76	WICVX	Wasatch Small Cap	Pair Corr
0.69	WIFMX	Wasatch Frontier Emerging	Pair Corr
0.87	WIIGX	Wasatch International	Pair Corr
0.76	WIIOX	Wasatch International	Pair Corr
0.77	WIGRX	Wasatch E Growth	Pair Corr
0.69	WIGOX	Wasatch Global Oppor	Pair Corr
0.71	WMCVX	Wasatch Small Cap	Pair Corr

Moving against Wasatch Mutual Fund

0.65	WGMCX	Wasatch Ultra Growth	Pair Corr
0.61	WHOSX	Wasatch Hoisington	Pair Corr
0.59	WAIVX	Wasatch International	Pair Corr
0.59	WAMCX	Wasatch Ultra Growth	Pair Corr
0.38	WAEMX	Wasatch Emerging Markets	Pair Corr
0.38	WIEMX	Wasatch Emerging Markets	Pair Corr
0.37	WAINX	Wasatch Emerging India	Pair Corr
0.78	SPGSX	State Street Premier	Pair Corr
0.76	BRUFX	Bruce Fund Bruce	Pair Corr
0.75	REREX	Europacific Growth	Pair Corr
0.75	RERAX	Europacific Growth	Pair Corr
0.74	RERFX	Europacific Growth	Pair Corr
0.74	RERGX	Europacific Growth	Pair Corr
0.74	CEUFX	Europacific Growth	Pair Corr
0.73	CEUAX	Europacific Growth	Pair Corr
0.73	CEUCX	Europacific Growth	Pair Corr
0.73	KF	Korea Closed	Pair Corr
0.72	CEUEX	Europacific Growth	Pair Corr
0.69	RERCX	Europacific Growth	Pair Corr
0.63	FMIEX	Wasatch Large Cap	Pair Corr
0.57	AEPFX	Europacific Growth	Pair Corr

Related Correlations Analysis

	SGRT	WTMY	WTMU	RYVIX	RSVIX	RYAVX	CNPIX	DUMSX	RYPIX	BPI
SGRT		0.55	0.56	0.48	0.12	-0.06	-0.48	0.58	0.47	-0.1	SGRT
WTMY	0.55		0.99	0.72	0.36	0.1	-0.8	0.96	0.81	-0.22	WTMY
WTMU	0.56	0.99		0.74	0.31	0.03	-0.8	0.98	0.79	-0.3	WTMU
RYVIX	0.48	0.72	0.74		0.04	-0.03	-0.85	0.72	0.67	-0.45	RYVIX
RSVIX	0.12	0.36	0.31	0.04		-0.02	-0.12	0.24	0.27	0.07	RSVIX
RYAVX	-0.06	0.1	0.03	-0.03	-0.02		0.1	-0.04	0.23	0.27	RYAVX
CNPIX	-0.48	-0.8	-0.8	-0.85	-0.12	0.1		-0.81	-0.73	0.36	CNPIX
DUMSX	0.58	0.96	0.98	0.72	0.24	-0.04	-0.81		0.79	-0.22	DUMSX
RYPIX	0.47	0.81	0.79	0.67	0.27	0.23	-0.73	0.79		-0.05	RYPIX
BPI	-0.1	-0.22	-0.3	-0.45	0.07	0.27	0.36	-0.22	-0.05		BPI
	SGRT	WTMY	WTMU	RYVIX	RSVIX	RYAVX	CNPIX	DUMSX	RYPIX	BPI

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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

WTMU	+ 0.99	WTMY
DUMSX	+ 0.98	WTMU
DUMSX	+ 0.96	WTMY
RYPIX	+ 0.81	WTMY
RYPIX	+ 0.79	WTMU
RYPIX	+ 0.79	DUMSX

High negative correlations

CNPIX	- 0.85	RYVIX
DUMSX	- 0.81	CNPIX
CNPIX	- 0.8	WTMU
CNPIX	- 0.8	WTMY
RYPIX	- 0.73	CNPIX
CNPIX	- 0.48	SGRT

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch International 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 International'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
SGRT	32.77	17.37	8.11	(5.91)	0.00	(26.27)	3.10	(2.95)	1,005
WTMY	0.12	0.05	(0.68)	1.73	0.00	(0.16)	0.40	(0.12)	0.84
WTMU	0.09	0.03	(0.91)	0.97	0.00	(0.12)	0.27	(0.16)	0.59
RYVIX	1.33	0.30	0.10	(4.17)	1.34	(1.48)	3.03	(1.92)	10.39
RSVIX	0.38	(0.03)	(0.16)	0.01	0.44	(0.92)	1.57	(1.19)	5.33
RYAVX	0.74	(0.14)	(0.13)	0.00	0.92	(0.85)	1.78	(1.28)	7.91
CNPIX	0.81	(0.18)	0.00	1.35	0.00	0.00	1.44	(1.71)	5.79
DUMSX	0.12	0.06	(0.50)	8.07	0.00	(0.22)	0.38	(0.09)	1.10
RYPIX	0.79	(0.04)	(0.01)	0.09	0.98	(0.80)	1.89	(1.82)	7.43
BPI	1.81	(0.33)	0.00	(0.16)	0.00	0.00	3.27	(3.20)	9.67

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