Wasatch Micro Correlations

Mutual Funds . USA . 
Fund . Wasatch Micro Cap
WGICX Fund  USD 7.55  0.02  0.27%   
The current 90-days correlation between Wasatch Micro Cap and Tiaa Cref Real Estate is 0.42 (i.e., Very weak diversification). The correlation of Wasatch Micro 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 Micro Correlation With Market

Very poor diversification

The correlation between Wasatch Micro Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Micro Cap 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 Micro Cap. 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

  0.99WAAEX Wasatch Small CapPairCorr
  0.9WAEMX Wasatch Emerging MarketsPairCorr
  0.92WAESX Wasatch Emerging MarketsPairCorr
  0.95WAGSX Wasatch Global SelectPairCorr
  0.97WAGOX Wasatch Global OpporPairCorr
  0.92WAFMX Wasatch Frontier EmergingPairCorr
  0.85WAIOX Wasatch InternationalPairCorr
  0.65WAINX Wasatch Emerging IndiaPairCorr
  0.85WAIVX Wasatch InternationalPairCorr
  0.86WAISX Wasatch InternationalPairCorr
  0.87WAIGX Wasatch InternationalPairCorr
  0.99WAMVX Wasatch Micro CapPairCorr
  0.75WALSX Wasatch Longshort AlphaPairCorr
  0.77WAMCX Wasatch Ultra GrowthPairCorr
  0.95WAUSX Wasatch Select InvestorPairCorr
  0.86WGISX Wasatch InternationalPairCorr
  0.92WGGSX Wasatch Global SelectPairCorr
  0.77WGMCX Wasatch Ultra GrowthPairCorr
  0.94WGMVX Wasatch Micro CapPairCorr
  0.75WGLSX Wells Fargo AdvantagePairCorr
  0.82WGROX Wasatch E GrowthPairCorr
  0.93WIAEX Wasatch Small CapPairCorr
  0.9WICVX Wasatch Small CapPairCorr
  0.92WIFMX Wasatch Frontier EmergingPairCorr
  0.88WIEMX Wasatch Emerging MarketsPairCorr
  0.92WIESX Wasatch Emerging MarketsPairCorr
  0.86WIIGX Wasatch InternationalPairCorr
  0.84WIIOX Wasatch InternationalPairCorr
  0.65WIINX Wasatch Emerging IndiaPairCorr
  0.91WIGRX Wasatch E GrowthPairCorr
  0.92WIGOX Wasatch Global OpporPairCorr
  0.86WILCX Wasatch Large CapPairCorr
  0.9WMCVX Wasatch Small CapPairCorr
  1.0WMICX Wasatch Micro CapPairCorr
  0.86FMIEX Wasatch Large CapPairCorr
  0.89VSGAX Vanguard Small CapPairCorr

Moving against Wasatch Mutual Fund

  0.6WHOSX 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 Micro 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 Micro'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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