Wcm Focused Correlations

WCMGX Fund

USD 29.90 0.05 0.17%

The current 90-days correlation between Wcm Focused Global and T Rowe Price is 0.4 (i.e., Very weak 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

Poor diversification

The correlation between Wcm Focused Global and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wcm Focused Global 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 Global. 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 price.

Moving together with Wcm Mutual Fund

0.86	WCFEX	Investment Managers	Pair Corr
0.61	WCMOX	Wcm Focused International	Pair Corr
0.88	WCMNX	Wcm Small Cap	Pair Corr
0.88	WCMLX	Wcm Small Cap	Pair Corr
0.89	WCMJX	Wcm Focused Small	Pair Corr
0.88	WCMWX	Investment Managers	Pair Corr
0.86	WCMAX	Wcm Mid Cap	Pair Corr
0.89	WCMFX	Wcm Focused Small	Pair Corr
0.77	WCMEX	Wcm Focused Emerging	Pair Corr
0.69	WCMDX	Wcm Sustainable Deve	Pair Corr
0.77	WFEMX	Wcm Focused Emerging	Pair Corr
1.0	WFGGX	Wcm Focused Global	Pair Corr
0.81	WMIDX	Wcm Mid Cap	Pair Corr
0.65	FNFPX	American Funds New	Pair Corr
0.65	FFPNX	American Funds New	Pair Corr
0.63	NPFCX	New Perspective	Pair Corr
0.65	ANWPX	New Perspective	Pair Corr
0.65	NPFFX	New Perspective	Pair Corr
0.65	CNPAX	New Perspective	Pair Corr
0.64	CNPEX	New Perspective	Pair Corr
0.65	CNPFX	New Perspective	Pair Corr
0.63	CNPCX	New Perspective	Pair Corr
0.63	RNPAX	New Perspective	Pair Corr
0.96	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.96	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.96	LSHCX	Horizon Spin Off Steady Growth	Pair Corr

Moving against Wcm Mutual Fund

0.32	WCMRX	Wcm Focused International	Pair Corr
0.31	WCMIX	Wcm Focused International	Pair Corr

Related Correlations Analysis

	REVIX	DODEX	BOGSX	ANGCX	EMSLX	EPEIX	RYMBX
REVIX		0.95	0.47	0.03	0.93	0.98	0.74	REVIX
DODEX	0.95		0.53	-0.09	0.96	0.94	0.73	DODEX
BOGSX	0.47	0.53		-0.63	0.47	0.35	0.55	BOGSX
ANGCX	0.03	-0.09	-0.63		-0.02	0.12	-0.25	ANGCX
EMSLX	0.93	0.96	0.47	-0.02		0.92	0.71	EMSLX
EPEIX	0.98	0.94	0.35	0.12	0.92		0.7	EPEIX
RYMBX	0.74	0.73	0.55	-0.25	0.71	0.7		RYMBX
	REVIX	DODEX	BOGSX	ANGCX	EMSLX	EPEIX	RYMBX

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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

EPEIX	+ 0.98	REVIX
EMSLX	+ 0.96	DODEX
DODEX	+ 0.95	REVIX
EPEIX	+ 0.94	DODEX
EMSLX	+ 0.93	REVIX
EPEIX	+ 0.92	EMSLX

High negative correlations

ANGCX	- 0.63	BOGSX
RYMBX	- 0.25	ANGCX
ANGCX	- 0.09	DODEX
EMSLX	- 0.02	ANGCX

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
REVIX	0.73	(0.05)	(0.13)	0.00	0.87	(0.87)	1.44	(1.71)	5.60
DODEX	0.67	0.03	(0.10)	(0.16)	0.88	(0.72)	1.44	(1.90)	5.43
BOGSX	0.94	(0.09)	(0.04)	0.05	1.37	(0.94)	1.88	(2.25)	5.68
ANGCX	0.10	(0.01)	(0.78)	0.44	0.11	(0.16)	0.23	(0.23)	0.70
EMSLX	0.72	(0.03)	0.00	(1.49)	0.00	0.00	1.76	(1.08)	6.36
EPEIX	0.74	(0.02)	(0.12)	(0.05)	1.00	(0.76)	1.57	(1.61)	6.52
RYMBX	0.94	(0.02)	0.00	0.40	0.00	0.00	1.84	(2.13)	4.53

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