Wasatch International Correlations

WGISX Fund

USD 12.83 0.04 0.31%

The current 90-days correlation between Wasatch International and Wasatch International Opportunities is 0.77 (i.e., Poor 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

Very weak diversification

The correlation between Wasatch International Select and DJI is 0.59 (i.e., Very weak 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 state.

Moving together with Wasatch Mutual Fund

0.69	WAGSX	Wasatch Global Select	Pair Corr
1.0	WAISX	Wasatch International	Pair Corr
0.63	WGGSX	Wasatch Global Select	Pair Corr
0.67	WIIGX	Wasatch International	Pair Corr
0.7	WILCX	Wasatch Large Cap	Pair Corr
0.68	FMIEX	Wasatch Large Cap	Pair Corr
0.69	RERFX	Europacific Growth	Pair Corr
0.69	AEPFX	Europacific Growth	Pair Corr

Related Correlations Analysis

	WAIOX	WAGSX	WAGOX	WAESX	WAIGX
WAIOX		-0.06	-0.14	0.63	0.91	WAIOX
WAGSX	-0.06		0.97	0.06	-0.01	WAGSX
WAGOX	-0.14	0.97		0.06	-0.09	WAGOX
WAESX	0.63	0.06	0.06		0.71	WAESX
WAIGX	0.91	-0.01	-0.09	0.71		WAIGX
	WAIOX	WAGSX	WAGOX	WAESX	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	+ 0.97	WAGSX
WAIGX	+ 0.91	WAIOX
WAIGX	+ 0.71	WAESX
WAESX	+ 0.63	WAIOX
WAESX	+ 0.06	WAGSX
WAESX	+ 0.06	WAGOX

High negative correlations

WAGOX	- 0.14	WAIOX
WAIGX	- 0.09	WAGOX
WAGSX	- 0.06	WAIOX
WAIGX	- 0.01	WAGSX

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
WAIOX	0.78	(0.11)	0.00	(0.07)	0.00	0.00	1.61	(1.91)	4.18
WAGSX	0.68	(0.02)	(0.04)	0.09	0.71	(0.73)	1.55	(1.20)	3.50
WAGOX	0.76	0.01	0.00	0.12	0.73	(0.89)	1.56	(1.26)	3.97
WAESX	0.73	(0.11)	0.00	(0.08)	0.00	0.00	1.27	(1.89)	4.40
WAIGX	0.70	(0.02)	(0.14)	(0.16)	0.84	(0.73)	1.53	(1.33)	4.11

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