Wcm Focused Correlations

WCMEX Fund

USD 15.28 0.28 1.87%

The current 90-days correlation between Wcm Focused Emerging and Investment Managers Series is 0.87 (i.e., Very poor diversification). The correlation of Wcm Focused 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 Focused Correlation With Market

Weak diversification

The correlation between Wcm Focused Emerging and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wcm Focused Emerging 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 Focused Emerging. 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 income.

Moving together with Wcm Mutual Fund

0.83	WCFEX	Investment Managers	Pair Corr
0.69	WCMNX	Wcm Small Cap	Pair Corr
0.69	WCMLX	Wcm Small Cap	Pair Corr
0.83	WCMWX	Investment Managers	Pair Corr
0.7	WCMVX	Wcm Focused International	Pair Corr
0.64	WCMSX	Wcm International Small	Pair Corr
1.0	WFEMX	Wcm Focused Emerging	Pair Corr
0.74	VEMAX	Vanguard Emerging Markets	Pair Corr
0.74	VEIEX	Vanguard Emerging Markets	Pair Corr
0.74	VEMIX	Vanguard Emerging Markets	Pair Corr
0.74	VEMRX	Vanguard Emerging Markets	Pair Corr
0.79	FWWNX	American Funds New	Pair Corr
0.79	FNFWX	American Funds New	Pair Corr
0.78	NEWFX	New World Fund	Pair Corr
0.79	NWFFX	New World Fund	Pair Corr
0.78	NEWCX	New World Fund	Pair Corr
0.68	ODVYX	Oppenheimer Developing	Pair Corr
0.77	VGTSX	Vanguard Total Inter	Pair Corr
0.77	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	WCFEX	WCFOX	WCMOX	WCMNX	WCMMX	WCMLX	WCMJX	WCMYX	WCMWX	WCMVX
WCFEX		0.3	0.29	0.78	0.0	0.78	0.83	0.87	1.0	0.45	WCFEX
WCFOX	0.3		1.0	0.56	0.0	0.56	-0.03	0.07	0.32	0.71	WCFOX
WCMOX	0.29	1.0		0.55	0.0	0.56	-0.04	0.06	0.31	0.7	WCMOX
WCMNX	0.78	0.56	0.55		0.0	1.0	0.63	0.73	0.79	0.51	WCMNX
WCMMX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	WCMMX
WCMLX	0.78	0.56	0.56	1.0	0.0		0.63	0.73	0.79	0.52	WCMLX
WCMJX	0.83	-0.03	-0.04	0.63	0.0	0.63		0.94	0.82	0.13	WCMJX
WCMYX	0.87	0.07	0.06	0.73	0.0	0.73	0.94		0.86	0.28	WCMYX
WCMWX	1.0	0.32	0.31	0.79	0.0	0.79	0.82	0.86		0.46	WCMWX
WCMVX	0.45	0.71	0.7	0.51	0.0	0.52	0.13	0.28	0.46		WCMVX
	WCFEX	WCFOX	WCMOX	WCMNX	WCMMX	WCMLX	WCMJX	WCMYX	WCMWX	WCMVX

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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

WCMWX	+ 1.0	WCFEX
WCMOX	+ 1.0	WCFOX
WCMLX	+ 1.0	WCMNX
WCMYX	+ 0.94	WCMJX
WCMYX	+ 0.87	WCFEX
WCMWX	+ 0.86	WCMYX

High negative correlations

WCMJX	- 0.04	WCMOX
WCMJX	- 0.03	WCFOX
WCMVX	- 0.0	WCMMX
WCMWX	- 0.0	WCMMX
WCMYX	- 0.0	WCMMX
WCMJX	- 0.0	WCMMX

Risk-Adjusted Indicators

There is a big difference between Wcm Mutual Fund performing well and Wcm Focused 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 Focused'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	0.73	(0.04)	0.00	(0.04)	0.00	0.00	1.47	(1.74)	6.19
WCFOX	0.71	0.06	0.00	0.25	1.00	(0.72)	1.54	(1.62)	4.80
WCMOX	0.72	0.06	0.00	0.25	1.02	(0.71)	1.53	(1.61)	4.68
WCMNX	1.00	0.02	(0.02)	0.12	1.23	(1.08)	1.88	(2.06)	9.04
WCMMX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WCMLX	1.00	0.02	(0.02)	0.12	1.24	(1.08)	1.85	(2.10)	9.00
WCMJX	0.92	(0.20)	0.00	(0.58)	0.00	0.00	1.79	(1.27)	15.61
WCMYX	0.53	(0.09)	0.00	(0.19)	0.00	0.00	0.90	(1.04)	4.01
WCMWX	0.74	(0.04)	0.00	(0.03)	0.00	0.00	1.42	(1.74)	6.19
WCMVX	0.67	0.01	(0.05)	0.11	1.03	(0.61)	1.57	(1.51)	4.48

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