Wcm Focused Correlations

WFGGX Fund

USD 28.96 0.27 0.94%

The current 90-days correlation between Wcm Focused Global and Wcm Focused International is -0.06 (i.e., Good 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 0.63 (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

0.85	WCFEX	Investment Managers	Pair Corr
0.86	WCMNX	Wcm Small Cap	Pair Corr
0.87	WCMLX	Wcm Small Cap	Pair Corr
0.87	WCMJX	Wcm Focused Small	Pair Corr
0.86	WCMWX	Investment Managers	Pair Corr
0.84	WCMAX	Wcm Mid Cap	Pair Corr
1.0	WCMGX	Wcm Focused Global	Pair Corr
0.87	WCMFX	Wcm Focused Small	Pair Corr
0.79	WCMEX	Wcm Focused Emerging	Pair Corr
0.71	WCMDX	Wcm Sustainable Deve	Pair Corr
0.72	WFEMX	Wcm Focused Emerging	Pair Corr

Moving against Wcm Mutual Fund

0.35	WCMRX	Wcm Focused International	Pair Corr
0.34	WCMIX	Wcm Focused International	Pair Corr
0.42	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	WCMRX	ARTRX	WFEMX	BGAFX	ARTYX
WCMRX		0.27	0.0	-0.25	-0.07	WCMRX
ARTRX	0.27		0.91	0.77	0.9	ARTRX
WFEMX	0.0	0.91		0.79	0.98	WFEMX
BGAFX	-0.25	0.77	0.79		0.84	BGAFX
ARTYX	-0.07	0.9	0.98	0.84		ARTYX
	WCMRX	ARTRX	WFEMX	BGAFX	ARTYX

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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

ARTYX	+ 0.98	WFEMX
WFEMX	+ 0.91	ARTRX
ARTYX	+ 0.9	ARTRX
ARTYX	+ 0.84	BGAFX
BGAFX	+ 0.79	WFEMX
BGAFX	+ 0.77	ARTRX

High negative correlations

BGAFX	- 0.25	WCMRX
ARTYX	- 0.07	WCMRX
WFEMX	- 0.0	WCMRX

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
WCMRX	0.69	(0.04)	0.00	1.10	0.00	0.00	1.21	(1.74)	4.94
ARTRX	0.64	0.05	(0.08)	2.88	0.83	(0.67)	1.30	(1.34)	4.62
WFEMX	0.69	0.08	(0.04)	2.04	0.80	(0.75)	1.44	(1.68)	3.81
BGAFX	0.83	0.18	0.04	(10.05)	1.07	(0.83)	2.12	(1.96)	4.57
ARTYX	0.76	0.18	0.04	(2.01)	0.86	(0.87)	1.50	(1.63)	5.46

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