Wasatch Frontier Correlations

WIFMX Fund

USD 3.71 0.02 0.54%

The current 90-days correlation between Wasatch Frontier Emerging and Nuveen High Yield is 0.35 (i.e., Weak diversification). The correlation of Wasatch Frontier 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 Frontier Correlation With Market

Good diversification

The correlation between Wasatch Frontier Emerging and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch Frontier Emerging 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 Frontier Emerging. 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 industry.

Moving together with Wasatch Mutual Fund

0.83	WAGSX	Wasatch Global Select	Pair Corr
0.96	WAFMX	Wasatch Frontier Emerging	Pair Corr
0.82	WAIOX	Wasatch International	Pair Corr
0.91	WAISX	Wasatch International	Pair Corr
0.89	WAIGX	Wasatch International	Pair Corr
0.65	WAMVX	Wasatch Micro Cap	Pair Corr
0.88	WGISX	Wasatch International	Pair Corr
0.83	WGGSX	Wasatch Global Select	Pair Corr
0.65	WGMVX	Wasatch Micro Cap	Pair Corr
0.71	WGROX	Wasatch E Growth	Pair Corr
0.8	WGUSX	Wasatch Select Inst	Pair Corr
0.79	WICVX	Wasatch Small Cap	Pair Corr
0.89	WIIGX	Wasatch International	Pair Corr
0.83	WIIOX	Wasatch International	Pair Corr
0.71	WIGRX	Wasatch E Growth	Pair Corr
0.79	WMCVX	Wasatch Small Cap	Pair Corr

Moving against Wasatch Mutual Fund

0.73	WAIVX	Wasatch International	Pair Corr
0.59	WGMCX	Wasatch Ultra Growth	Pair Corr
0.58	WAMCX	Wasatch Ultra Growth	Pair Corr
0.62	WILCX	Wasatch Large Cap	Pair Corr
0.61	FMIEX	Wasatch Large Cap	Pair Corr
0.36	ODVYX	Oppenheimer Developing	Pair Corr
0.35	VFIAX	Vanguard 500 Index	Pair Corr
0.31	FNFWX	American Funds New	Pair Corr
0.31	NWFFX	New World Fund	Pair Corr

Related Correlations Analysis

	NHCCX	VWAHX	RHYTX	MHYIX	JDHYX	IPIMX	FHYIX	NHFIX
NHCCX		0.99	0.98	0.3	0.59	0.61	0.98	0.48	NHCCX
VWAHX	0.99		0.98	0.3	0.59	0.64	0.99	0.53	VWAHX
RHYTX	0.98	0.98		0.26	0.56	0.59	0.98	0.49	RHYTX
MHYIX	0.3	0.3	0.26		0.76	0.79	0.32	0.8	MHYIX
JDHYX	0.59	0.59	0.56	0.76		0.92	0.61	0.82	JDHYX
IPIMX	0.61	0.64	0.59	0.79	0.92		0.64	0.86	IPIMX
FHYIX	0.98	0.99	0.98	0.32	0.61	0.64		0.55	FHYIX
NHFIX	0.48	0.53	0.49	0.8	0.82	0.86	0.55		NHFIX
	NHCCX	VWAHX	RHYTX	MHYIX	JDHYX	IPIMX	FHYIX	NHFIX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Frontier 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 Frontier'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
NHCCX	0.19	0.07	(0.04)	20.18	0.00	(0.26)	0.57	(0.21)	1.87
VWAHX	0.14	0.06	(0.10)	11.97	0.00	(0.24)	0.48	(0.19)	1.16
RHYTX	0.12	0.05	(0.15)	3.20	0.00	(0.22)	0.52	(0.10)	1.16
MHYIX	0.11	0.00	(0.31)	0.07	0.00	(0.20)	0.19	(0.19)	0.58
JDHYX	0.17	0.01	(0.23)	0.11	0.07	(0.23)	0.40	(0.40)	1.08
IPIMX	0.12	0.00	(0.32)	0.09	0.00	(0.20)	0.34	(0.23)	0.80
FHYIX	0.15	0.06	(0.13)	7.40	0.00	(0.26)	0.45	(0.22)	0.91
NHFIX	0.15	0.01	(0.25)	0.19	0.00	(0.26)	0.33	(0.33)	0.99

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