Wasatch Emerging Related Correlations

WIESX Fund

USD 16.12 0.13 0.81%

Generate correlation matrix for Wasatch Emerging and other related equities to check the degree to which Wasatch Emerging Markets price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Wasatch Emerging Markets. To filter out specific equities, please toggle its corresponding legend item. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wasatch Emerging Markets. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in state.

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Please note, there is a significant difference between Wasatch Emerging's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wasatch Emerging is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wasatch Emerging's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

	AMANX	AMAGX	AMAPX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF
AMANX		0.93	0.78	0.02	0.76	-0.81	0.96	0.84	0.69	0.0	AMANX
AMAGX	0.93		0.78	0.1	0.69	-0.64	0.87	0.86	0.78	0.0	AMAGX
AMAPX	0.78	0.78		0.13	0.44	-0.66	0.79	0.86	0.81	0.0	AMAPX
444859BR2	0.02	0.1	0.13		-0.11	0.15	0.08	0.05	0.26	0.0	444859BR2
AQUI	0.76	0.69	0.44	-0.11		-0.68	0.71	0.69	0.3	0.0	AQUI
BRRAY	-0.81	-0.64	-0.66	0.15	-0.68		-0.81	-0.7	-0.38	0.0	BRRAY
MSTSX	0.96	0.87	0.79	0.08	0.71	-0.81		0.82	0.72	0.0	MSTSX
ABHYX	0.84	0.86	0.86	0.05	0.69	-0.7	0.82		0.7	0.0	ABHYX
LBHIX	0.69	0.78	0.81	0.26	0.3	-0.38	0.72	0.7		0.0	LBHIX
SCAXF	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SCAXF
	AMANX	AMAGX	AMAPX	444859BR2	AQUI	BRRAY	MSTSX	ABHYX	LBHIX	SCAXF

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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

MSTSX	+ 0.96	AMANX
AMAGX	+ 0.93	AMANX
MSTSX	+ 0.87	AMAGX
ABHYX	+ 0.86	AMAGX
ABHYX	+ 0.86	AMAPX
ABHYX	+ 0.84	AMANX

High negative correlations

MSTSX	- 0.81	BRRAY
BRRAY	- 0.81	AMANX
ABHYX	- 0.7	BRRAY
BRRAY	- 0.68	AQUI
BRRAY	- 0.66	AMAPX
BRRAY	- 0.64	AMAGX

Risk-Adjusted Indicators

There is a big difference between Wasatch Mutual Fund performing well and Wasatch Emerging 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 Emerging'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
AMANX	0.53	(0.02)	(0.05)	0.06	0.60	(0.58)	1.06	(1.01)	2.78
AMAGX	0.74	(0.05)	(0.04)	0.04	0.83	(0.78)	1.71	(1.51)	4.29
AMAPX	0.09	(0.01)	(0.49)	(1.22)	0.11	(0.15)	0.21	(0.21)	0.83
444859BR2	0.78	0.08	0.03	0.24	1.03	(0.92)	1.12	(1.04)	10.31
AQUI	1.32	0.62	0.00	1.04	0.00	0.00	0.00	0.00	25.00
BRRAY	0.63	(0.17)	0.00	0.33	0.00	0.00	0.00	0.00	18.45
MSTSX	0.46	(0.01)	(0.03)	0.07	0.60	(0.51)	1.03	(1.06)	3.20
ABHYX	0.16	0.01	(0.22)	2.44	0.19	(0.22)	0.45	(0.34)	1.61
LBHIX	0.19	(0.02)	(0.24)	(0.01)	0.21	(0.30)	0.49	(0.48)	1.21
SCAXF	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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Wasatch Emerging Related Correlations

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