Wasatch International Correlations

WIIOX Fund

USD 3.16 0.02 0.63%

The current 90-days correlation between Wasatch International and Oppenheimer Intl Small is 0.76 (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

Weak diversification

The correlation between Wasatch International Opportun and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wasatch International Opportun 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 Opportunities. 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 persons.

Moving together with Wasatch Mutual Fund

0.8	WAEMX	Wasatch Emerging Markets	Pair Corr
0.64	WAESX	Wasatch Emerging Markets	Pair Corr
0.74	WAFMX	Wasatch Frontier Emerging	Pair Corr
1.0	WAIOX	Wasatch International	Pair Corr
0.94	WAINX	Wasatch Emerging India	Pair Corr
0.93	WAIGX	Wasatch International	Pair Corr
0.71	WHOSX	Wasatch Hoisington	Pair Corr
0.73	WIFMX	Wasatch Frontier Emerging	Pair Corr
0.74	WIEMX	Wasatch Emerging Markets	Pair Corr
0.64	WIESX	Wasatch Emerging Markets	Pair Corr
0.9	WIINX	Wasatch Emerging India	Pair Corr
0.75	WILCX	Wasatch Large Cap	Pair Corr
0.75	FMIEX	Wasatch Large Cap	Pair Corr
0.9	OSMYX	Oppenheimer Intl Small	Pair Corr
0.9	OSCIX	Oppenheimer Intl Small	Pair Corr
0.9	OSMNX	Oppenheimer Intl Small	Pair Corr

Moving against Wasatch Mutual Fund

0.49	WAMCX	Wasatch Ultra Growth	Pair Corr
0.45	WAAEX	Wasatch Small Cap	Pair Corr
0.45	WAUSX	Wasatch Select Investor	Pair Corr
0.39	WAMVX	Wasatch Micro Cap	Pair Corr
0.38	WGICX	Wasatch Micro Cap	Pair Corr
0.49	WGMCX	Wasatch Ultra Growth	Pair Corr
0.46	WGROX	Wasatch E Growth	Pair Corr
0.46	WIGRX	Wasatch E Growth	Pair Corr
0.45	WIAEX	Wasatch Small Cap	Pair Corr
0.39	WGMVX	Wasatch Micro Cap	Pair Corr
0.37	WMICX	Wasatch Micro Cap	Pair Corr
0.35	WICVX	Wasatch Small Cap	Pair Corr
0.35	WMCVX	Wasatch Small Cap	Pair Corr

Related Correlations Analysis

	OSMYX	OSCIX	OSMNX	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX
OSMYX		1.0	1.0	0.0	-0.05	-0.24	0.31	0.63	-0.74	-0.06	OSMYX
OSCIX	1.0		1.0	0.0	-0.04	-0.24	0.31	0.63	-0.74	-0.06	OSCIX
OSMNX	1.0	1.0		0.0	-0.05	-0.25	0.31	0.63	-0.74	-0.06	OSMNX
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
MSTSX	-0.05	-0.04	-0.05	0.0		0.67	0.34	-0.22	0.08	0.78	MSTSX
LBHIX	-0.24	-0.24	-0.25	0.0	0.67		0.59	-0.54	0.48	0.83	LBHIX
ABHYX	0.31	0.31	0.31	0.0	0.34	0.59		-0.35	0.11	0.54	ABHYX
SCAXF	0.63	0.63	0.63	0.0	-0.22	-0.54	-0.35		-0.87	-0.44	SCAXF
VIASP	-0.74	-0.74	-0.74	0.0	0.08	0.48	0.11	-0.87		0.34	VIASP
RRTLX	-0.06	-0.06	-0.06	0.0	0.78	0.83	0.54	-0.44	0.34		RRTLX
	OSMYX	OSCIX	OSMNX	AQUI	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	RRTLX

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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

OSCIX	+ 1.0	OSMYX
OSMNX	+ 1.0	OSMYX
OSMNX	+ 1.0	OSCIX
RRTLX	+ 0.83	LBHIX
RRTLX	+ 0.78	MSTSX
LBHIX	+ 0.67	MSTSX

High negative correlations

VIASP	- 0.87	SCAXF
VIASP	- 0.74	OSMNX
VIASP	- 0.74	OSCIX
VIASP	- 0.74	OSMYX
SCAXF	- 0.54	LBHIX
RRTLX	- 0.44	SCAXF

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
OSMYX	0.58	(0.12)	0.00	(0.17)	0.00	0.00	0.99	(1.19)	3.86
OSCIX	0.58	(0.12)	0.00	(0.16)	0.00	0.00	0.98	(1.18)	3.86
OSMNX	0.58	(0.12)	0.00	(0.17)	0.00	0.00	0.98	(1.18)	3.85
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
MSTSX	0.45	(0.01)	(0.11)	0.10	0.39	(0.59)	1.21	(0.84)	2.80
LBHIX	0.10	0.01	(0.41)	0.24	0.00	(0.25)	0.24	(0.24)	0.71
ABHYX	0.17	0.00	(0.23)	0.11	0.26	(0.23)	0.34	(0.33)	1.91
SCAXF	0.70	(0.43)	0.00	(0.64)	0.00	0.00	0.00	0.00	23.47
VIASP	0.75	0.10	(0.02)	(1.58)	1.11	(0.81)	2.28	(1.20)	7.18
RRTLX	0.22	0.03	(0.25)	0.71	0.12	(0.26)	0.48	(0.47)	1.36

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