Wasatch International Correlations

WAIVX Fund

13.84 0.01 0.07%

The current 90-days correlation between Wasatch International and Gmo Small Cap is -0.09 (i.e., Good diversification). 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

Average diversification

The correlation between Wasatch International Value and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch International Value 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 Value. 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 unemployment.

Moving together with Wasatch Mutual Fund

0.65	WAMCX	Wasatch Ultra Growth	Pair Corr
0.69	WGMCX	Wasatch Ultra Growth	Pair Corr
0.84	WILCX	Wasatch Large Cap	Pair Corr
0.83	FMIEX	Wasatch Large Cap	Pair Corr
0.8	DOXFX	Dodge Cox International	Pair Corr
0.79	DODFX	Dodge International Stock	Pair Corr

Moving against Wasatch Mutual Fund

0.82	WAISX	Wasatch International	Pair Corr
0.81	WGISX	Wasatch International	Pair Corr
0.75	WAIOX	Wasatch International	Pair Corr
0.74	WAIGX	Wasatch International	Pair Corr
0.73	WAGSX	Wasatch Global Select	Pair Corr
0.72	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.72	WICVX	Wasatch Small Cap	Pair Corr
0.7	WGGSX	Wasatch Global Select	Pair Corr
0.66	WGROX	Wasatch E Growth	Pair Corr
0.56	WAGOX	Wasatch Global Oppor	Pair Corr
0.45	WAAEX	Wasatch Small Cap	Pair Corr
0.45	WGUSX	Wasatch Select Inst	Pair Corr
0.45	WIAEX	Wasatch Small Cap	Pair Corr
0.41	WALSX	Wasatch Longshort Alpha	Pair Corr
0.33	WAMVX	Wasatch Micro Cap	Pair Corr
0.78	WIIOX	Wasatch International	Pair Corr
0.72	WIFMX	Wasatch Frontier Emerging	Pair Corr
0.72	WMCVX	Wasatch Small Cap	Pair Corr
0.71	WIIGX	Wasatch International	Pair Corr
0.66	WIGRX	Wasatch E Growth	Pair Corr
0.51	WIGOX	Wasatch Global Oppor	Pair Corr

Related Correlations Analysis

	GMAWX	PHTYX	ASCGX	WSMNX	NESGX	PSBMX
GMAWX		0.53	0.62	0.85	0.29	0.76	GMAWX
PHTYX	0.53		0.8	0.57	0.63	0.69	PHTYX
ASCGX	0.62	0.8		0.79	0.72	0.6	ASCGX
WSMNX	0.85	0.57	0.79		0.38	0.71	WSMNX
NESGX	0.29	0.63	0.72	0.38		0.15	NESGX
PSBMX	0.76	0.69	0.6	0.71	0.15		PSBMX
	GMAWX	PHTYX	ASCGX	WSMNX	NESGX	PSBMX

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
GMAWX	0.73	(0.04)	(0.04)	0.02	0.85	(0.81)	1.87	(1.41)	3.99
PHTYX	0.48	0.03	0.02	0.09	0.64	(0.47)	1.02	(1.00)	3.22
ASCGX	1.30	0.00	0.02	0.06	1.74	(1.33)	3.03	(2.67)	9.37
WSMNX	0.84	(0.02)	0.00	0.04	1.11	(0.85)	1.80	(1.64)	5.13
NESGX	1.63	0.08	0.01	(1.06)	2.10	(1.76)	3.08	(3.84)	10.97
PSBMX	0.83	0.01	0.02	0.06	1.05	(0.87)	1.94	(1.85)	5.10

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