Wcm China Correlations

WCMCX Fund

USD 8.72 0.01 0.11%

The current 90-days correlation between Wcm China Quality and Investment Managers Series is 0.15 (i.e., Average diversification). The correlation of Wcm China 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.

Wcm China Correlation With Market

Significant diversification

The correlation between Wcm China Quality and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wcm China Quality 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 Wcm China Quality. 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 Wcm Mutual Fund

0.77	WCMMX	Wcm Sustainable Inte	Pair Corr
0.83	WCMEX	Wcm Focused Emerging	Pair Corr
0.84	WCMDX	Wcm Sustainable Deve	Pair Corr
1.0	WCQGX	Wcm China Quality	Pair Corr
0.83	WFEMX	Wcm Focused Emerging	Pair Corr
0.97	FHKTX	Fidelity China Region	Pair Corr
0.97	FCHKX	Fidelity China Region	Pair Corr
0.97	FHKAX	Fidelity China Region	Pair Corr
0.97	FHKIX	Fidelity China Region	Pair Corr
0.95	FIQFX	Fidelity China Region	Pair Corr
0.97	FHKCX	Fidelity China Region	Pair Corr
0.99	MICFX	Matthews China	Pair Corr
0.99	MCHFX	Matthews China	Pair Corr

Moving against Wcm Mutual Fund

0.84

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	WCFEX	WCFOX	WCMOX	WCMNX	WCMMX	WCMLX	WCMJX	WCMYX	WCMWX	WCMVX
WCFEX		0.68	0.69	0.83	0.65	0.83	0.84	0.71	1.0	0.12	WCFEX
WCFOX	0.68		1.0	0.79	0.59	0.79	0.84	0.79	0.69	0.4	WCFOX
WCMOX	0.69	1.0		0.8	0.58	0.8	0.84	0.79	0.69	0.39	WCMOX
WCMNX	0.83	0.79	0.8		0.52	1.0	0.96	0.81	0.84	0.09	WCMNX
WCMMX	0.65	0.59	0.58	0.52		0.52	0.57	0.58	0.65	0.45	WCMMX
WCMLX	0.83	0.79	0.8	1.0	0.52		0.96	0.81	0.84	0.08	WCMLX
WCMJX	0.84	0.84	0.84	0.96	0.57	0.96		0.76	0.85	0.05	WCMJX
WCMYX	0.71	0.79	0.79	0.81	0.58	0.81	0.76		0.71	0.43	WCMYX
WCMWX	1.0	0.69	0.69	0.84	0.65	0.84	0.85	0.71		0.11	WCMWX
WCMVX	0.12	0.4	0.39	0.09	0.45	0.08	0.05	0.43	0.11		WCMVX
	WCFEX	WCFOX	WCMOX	WCMNX	WCMMX	WCMLX	WCMJX	WCMYX	WCMWX	WCMVX

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Risk-Adjusted Indicators

There is a big difference between Wcm Mutual Fund performing well and Wcm China 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 Wcm China'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
WCFEX	0.58	(0.01)	(0.08)	0.11	0.77	(0.57)	1.06	(1.29)	3.21
WCFOX	0.69	(0.06)	(0.08)	0.05	0.91	(0.75)	1.18	(1.61)	4.34
WCMOX	0.69	(0.06)	(0.08)	0.06	0.93	(0.73)	1.26	(1.60)	4.31
WCMNX	0.90	(0.07)	(0.01)	0.08	1.02	(1.02)	1.91	(1.83)	7.85
WCMMX	0.25	0.01	(0.15)	(0.02)	0.37	(0.65)	0.91	(0.80)	2.53
WCMLX	0.90	(0.07)	(0.01)	0.08	1.00	(0.99)	1.89	(1.81)	7.75
WCMJX	0.72	(0.03)	(0.04)	0.09	0.87	(0.77)	1.87	(1.13)	4.10
WCMYX	0.42	(0.04)	(0.19)	0.06	0.41	(0.48)	0.85	(0.74)	2.69
WCMWX	0.58	(0.01)	(0.08)	0.12	0.80	(0.56)	1.08	(1.29)	3.21
WCMVX	0.70	(0.12)	0.00	(0.04)	0.00	0.00	1.28	(1.49)	3.68

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