Wcm International Correlations

WCMSX Fund

USD 21.24 0.07 0.33%

The current 90-days correlation between Wcm International Small and Franklin Gold Precious is 0.47 (i.e., Very weak diversification). The correlation of Wcm International 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 International Correlation With Market

Very weak diversification

The correlation between Wcm International Small and DJI is 0.54 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wcm International Small 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 International Small. 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 state.

Moving together with Wcm Mutual Fund

0.66	WCMVX	Wcm Focused International	Pair Corr
0.83	WCMRX	Wcm Focused International	Pair Corr
0.83	WCMIX	Wcm Focused International	Pair Corr
0.67	WLIVX	Wcm Focused International	Pair Corr
0.74	OSMYX	Oppenheimer Intl Small	Pair Corr
0.74	OSCIX	Oppenheimer Intl Small	Pair Corr
0.74	OSMNX	Oppenheimer Intl Small	Pair Corr
0.63	TIDDX	T Rowe Price	Pair Corr
0.72	MIDGX	Mfs International New	Pair Corr
0.72	MIDHX	Mfs International New	Pair Corr
0.72	MIDRX	Mfs International New	Pair Corr

Moving against Wcm Mutual Fund

0.53	PFRIX	Prudential Floating Rate	Pair Corr
0.39	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.39	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.39	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.39	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.39	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.39	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.39	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.34	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.34	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.34	SPMJX	Invesco Steelpath Mlp	Pair Corr

Related Correlations Analysis

	FRGOX	XGGNX	UIPMX	AGGWX	IOGYX	QGLDX	FGDIX
FRGOX		0.84	0.96	0.95	0.98	0.87	0.97	FRGOX
XGGNX	0.84		0.82	0.89	0.85	0.69	0.81	XGGNX
UIPMX	0.96	0.82		0.91	0.94	0.75	1.0	UIPMX
AGGWX	0.95	0.89	0.91		0.93	0.83	0.91	AGGWX
IOGYX	0.98	0.85	0.94	0.93		0.91	0.94	IOGYX
QGLDX	0.87	0.69	0.75	0.83	0.91		0.77	QGLDX
FGDIX	0.97	0.81	1.0	0.91	0.94	0.77		FGDIX
	FRGOX	XGGNX	UIPMX	AGGWX	IOGYX	QGLDX	FGDIX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Wcm Mutual Fund performing well and Wcm International 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 International'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
FRGOX	1.46	(0.09)	0.00	(0.08)	0.00	0.00	3.13	(3.01)	9.03
XGGNX	0.55	(0.04)	0.00	(0.33)	0.00	0.00	1.20	(1.20)	3.86
UIPMX	1.37	(0.08)	0.00	(0.33)	0.00	0.00	2.60	(3.11)	9.86
AGGWX	1.49	(0.05)	0.00	(0.22)	0.00	0.00	2.93	(2.97)	9.49
IOGYX	1.44	(0.05)	(0.07)	0.00	1.73	(1.54)	2.72	(2.81)	8.64
QGLDX	0.74	0.07	(0.06)	(0.32)	1.02	(0.76)	1.46	(1.52)	4.88
FGDIX	1.33	(0.06)	0.00	(0.27)	0.00	0.00	2.67	(2.83)	9.78

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