West Loop Correlations

REIAX Fund

USD 15.09 0.10 0.67%

The current 90-days correlation between West Loop Realty and Qs Large Cap is 0.12 (i.e., Average diversification). The correlation of West Loop 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.

West Loop Correlation With Market

Significant diversification

The correlation between West Loop Realty and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding West Loop Realty and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in West Loop Realty. 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 nation.

Moving together with West Mutual Fund

0.65	FR	First Industrial Realty	Pair Corr
0.78	HR	Healthcare Realty Trust	Pair Corr
0.8	VICI	VICI Properties	Pair Corr
0.68	ECRO	Ecc Cap Corp	Pair Corr

Moving against West Mutual Fund

0.45	EMITF	Elbit Imaging	Pair Corr
0.35	PW	Power REIT	Pair Corr
0.32	UE	Urban Edge Properties	Pair Corr
0.41	NREF-PA	NexPoint Real Estate	Pair Corr
0.34	CDR-PC	Cedar Realty Trust	Pair Corr

Related Correlations Analysis

	LMUSX	XMHFX	LTFXX	BBHLX	MFTFX	IAADX
LMUSX		-0.7	0.21	-0.16	-0.46	-0.13	LMUSX
XMHFX	-0.7		-0.05	0.43	0.72	0.62	XMHFX
LTFXX	0.21	-0.05		-0.16	-0.26	0.19	LTFXX
BBHLX	-0.16	0.43	-0.16		0.38	0.74	BBHLX
MFTFX	-0.46	0.72	-0.26	0.38		0.43	MFTFX
IAADX	-0.13	0.62	0.19	0.74	0.43		IAADX
	LMUSX	XMHFX	LTFXX	BBHLX	MFTFX	IAADX

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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

IAADX	+ 0.74	BBHLX
MFTFX	+ 0.72	XMHFX
IAADX	+ 0.62	XMHFX
BBHLX	+ 0.43	XMHFX
IAADX	+ 0.43	MFTFX
MFTFX	+ 0.38	BBHLX

High negative correlations

XMHFX	- 0.7	LMUSX
MFTFX	- 0.46	LMUSX
MFTFX	- 0.26	LTFXX
BBHLX	- 0.16	LTFXX
BBHLX	- 0.16	LMUSX
IAADX	- 0.13	LMUSX

Risk-Adjusted Indicators

There is a big difference between West Mutual Fund performing well and West Loop 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 West Loop'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
LMUSX	0.61	0.02	0.02	0.14	0.73	(0.70)	1.28	(1.49)	4.08
XMHFX	0.17	(0.01)	0.00	0.21	0.00	0.00	0.42	(0.41)	1.52
LTFXX	0.03	0.00	0.00	0.47	0.00	0.00	0.00	0.00	1.01
BBHLX	0.64	(0.10)	0.00	(0.06)	0.00	0.00	1.41	(1.28)	3.65
MFTFX	0.98	(0.15)	0.00	(0.09)	0.00	0.00	1.70	(1.95)	5.42
IAADX	0.16	(0.01)	(0.62)	(0.44)	0.14	(0.23)	0.32	(0.32)	1.19

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