Wasatch Greater Correlations

WGGCX Fund

USD 4.85 0.10 2.02%

The current 90-days correlation between Wasatch Greater China and Wasatch Small Cap is -0.15 (i.e., Good diversification). The correlation of Wasatch Greater 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 Greater Correlation With Market

Good diversification

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

0.96	WAGCX	Wasatch Greater China	Pair Corr
0.91	FHKTX	Fidelity China Region	Pair Corr
0.91	FCHKX	Fidelity China Region	Pair Corr
0.91	FHKAX	Fidelity China Region	Pair Corr
0.97	FHKIX	Fidelity China Region	Pair Corr
0.97	FIQFX	Fidelity China Region	Pair Corr
0.97	FHKCX	Fidelity China Region	Pair Corr

Moving against Wasatch Mutual Fund

0.62	WHOSX	Wasatch Hoisington	Pair Corr
0.36	FMIEX	Wasatch Large Cap	Pair Corr
0.34	WILCX	Wasatch Large Cap	Pair Corr
0.34	XNXJX	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	WAAEX	WAEMX	WAESX	WAGSX	WAGOX	WAFMX	WAIOX	WAINX	WAISX	WAIGX
WAAEX		-0.68	-0.59	0.88	0.91	-0.62	-0.46	-0.62	0.37	-0.45	WAAEX
WAEMX	-0.68		0.94	-0.34	-0.37	0.9	0.8	0.86	0.19	0.81	WAEMX
WAESX	-0.59	0.94		-0.31	-0.32	0.82	0.64	0.71	0.11	0.66	WAESX
WAGSX	0.88	-0.34	-0.31		0.98	-0.31	-0.02	-0.21	0.72	-0.03	WAGSX
WAGOX	0.91	-0.37	-0.32	0.98		-0.37	-0.1	-0.28	0.64	-0.12	WAGOX
WAFMX	-0.62	0.9	0.82	-0.31	-0.37		0.75	0.79	0.24	0.83	WAFMX
WAIOX	-0.46	0.8	0.64	-0.02	-0.1	0.75		0.95	0.58	0.93	WAIOX
WAINX	-0.62	0.86	0.71	-0.21	-0.28	0.79	0.95		0.37	0.89	WAINX
WAISX	0.37	0.19	0.11	0.72	0.64	0.24	0.58	0.37		0.56	WAISX
WAIGX	-0.45	0.81	0.66	-0.03	-0.12	0.83	0.93	0.89	0.56		WAIGX
	WAAEX	WAEMX	WAESX	WAGSX	WAGOX	WAFMX	WAIOX	WAINX	WAISX	WAIGX

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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

WAGOX	+ 0.98	WAGSX
WAINX	+ 0.95	WAIOX
WAESX	+ 0.94	WAEMX
WAIGX	+ 0.93	WAIOX
WAGOX	+ 0.91	WAAEX
WAFMX	+ 0.9	WAEMX

High negative correlations

WAEMX	- 0.68	WAAEX
WAINX	- 0.62	WAAEX
WAFMX	- 0.62	WAAEX
WAESX	- 0.59	WAAEX
WAIOX	- 0.46	WAAEX
WAIGX	- 0.45	WAAEX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Greater 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 Greater'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
WAAEX	0.88	0.11	0.16	0.21	0.62	(1.08)	2.11	(1.32)	6.04
WAEMX	0.62	(0.06)	0.00	(0.04)	0.00	0.00	1.35	(0.98)	4.11
WAESX	0.67	(0.02)	(0.10)	0.07	0.84	(0.69)	1.31	(1.17)	4.40
WAGSX	0.64	0.01	(0.01)	0.13	0.56	(0.70)	1.55	(0.96)	3.50
WAGOX	0.71	0.01	0.00	0.13	0.57	(0.88)	1.53	(1.04)	3.97
WAFMX	0.49	(0.02)	(0.17)	(0.03)	0.58	(0.58)	1.10	(1.08)	2.78
WAIOX	0.72	(0.06)	(0.13)	(0.01)	0.80	(0.85)	1.61	(1.24)	4.18
WAINX	0.69	(0.06)	0.00	(0.05)	0.00	0.00	1.48	(1.77)	4.61
WAISX	0.64	0.00	(0.07)	0.12	0.63	(0.71)	1.25	(1.06)	3.66
WAIGX	0.65	(0.02)	(0.15)	(0.01)	0.73	(0.73)	1.43	(1.15)	4.11

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