Walthausen Small Correlations

WFICX Fund

USD 17.38 0.06 0.34%

The current 90-days correlation between Walthausen Small Cap and Ab Bond Inflation is 0.06 (i.e., Significant diversification). The correlation of Walthausen Small 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.

Walthausen Small Correlation With Market

Very poor diversification

The correlation between Walthausen Small Cap and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walthausen Small Cap 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 Walthausen Small Cap. 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 Walthausen Mutual Fund

1.0	WSCVX	Walthausen Small Cap	Pair Corr
0.89	VSIIX	Vanguard Small Cap	Pair Corr
0.94	VISVX	Vanguard Small Cap	Pair Corr
0.96	DFSVX	Us Small Cap	Pair Corr
0.96	DFFVX	Us Targeted Value	Pair Corr
0.96	UBVCX	Undiscovered Managers	Pair Corr
0.96	UBVAX	Undiscovered Managers	Pair Corr
0.96	UBVSX	Undiscovered Managers	Pair Corr
0.95	AVFIX	American Beacon Small	Pair Corr
0.8	FPURX	Fidelity Puritan	Pair Corr
0.94	VMIDX	Mid Cap Index	Pair Corr
0.73	FCNTX	Fidelity Contrafund	Pair Corr
0.66	NUSAX	Nationwide Government	Pair Corr
0.83	WWLAX	Westwood Largecap Value	Pair Corr
0.85	VLISX	Vanguard Large Cap	Pair Corr
0.77	RFEBX	American Funds Funda	Pair Corr
0.84	USA	Liberty All Star	Pair Corr
0.88	ARTMX	Artisan Mid Cap	Pair Corr
0.86	NML	Neuberger Berman Mlp	Pair Corr
0.84	AMEIX	Equity Growth	Pair Corr
0.69	WRAAX	Wilmington Global Alpha	Pair Corr
0.96	LMBAX	Qs Small Capitalization	Pair Corr
0.77	ENPSX	Oil Gas Ultrasector Potential Growth	Pair Corr
0.78	FLCNX	Fidelity Contrafund	Pair Corr
0.86	VIPAX	Index Plus Largecap	Pair Corr
0.65	AMFFX	American Mutual	Pair Corr
0.88	SGPGX	Sgi Prudent Growth	Pair Corr

Moving against Walthausen Mutual Fund

0.41	PFHCX	Pacific Funds Small	Pair Corr
0.4	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	ABNTX	HIPSX	FIFGX	FIBLX	GPMFX	AUNTX	FODVX
ABNTX		0.96	0.13	0.93	0.7	0.17	0.94	ABNTX
HIPSX	0.96		-0.01	0.95	0.81	-0.05	0.99	HIPSX
FIFGX	0.13	-0.01		0.08	-0.36	0.66	-0.06	FIFGX
FIBLX	0.93	0.95	0.08		0.72	0.04	0.94	FIBLX
GPMFX	0.7	0.81	-0.36	0.72		-0.3	0.8	GPMFX
AUNTX	0.17	-0.05	0.66	0.04	-0.3		-0.1	AUNTX
FODVX	0.94	0.99	-0.06	0.94	0.8	-0.1		FODVX
	ABNTX	HIPSX	FIFGX	FIBLX	GPMFX	AUNTX	FODVX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

FODVX	+ 0.99	HIPSX
HIPSX	+ 0.96	ABNTX
FIBLX	+ 0.95	HIPSX
FODVX	+ 0.94	ABNTX
FODVX	+ 0.94	FIBLX
FIBLX	+ 0.93	ABNTX

High negative correlations

GPMFX	- 0.36	FIFGX
AUNTX	- 0.3	GPMFX
FODVX	- 0.1	AUNTX
FODVX	- 0.06	FIFGX
AUNTX	- 0.05	HIPSX
FIFGX	- 0.01	HIPSX

Risk-Adjusted Indicators

There is a big difference between Walthausen Mutual Fund performing well and Walthausen Small 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 Walthausen Small'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
ABNTX	0.14	(0.01)	0.00	(0.83)	0.00	0.00	0.29	(0.30)	0.88
HIPSX	0.16	(0.03)	0.00	(6.06)	0.00	0.00	0.30	(0.39)	0.98
FIFGX	0.92	(0.01)	0.00	0.23	0.00	0.00	1.72	(1.98)	4.96
FIBLX	0.20	(0.02)	0.00	(0.38)	0.00	0.00	0.32	(0.43)	1.26
GPMFX	0.41	(0.08)	0.00	(0.08)	0.00	0.00	0.75	(0.88)	2.31
AUNTX	0.11	0.00	(0.55)	0.12	0.06	(0.16)	0.28	(0.19)	1.03
FODVX	0.19	(0.03)	0.00	(0.95)	0.00	0.00	0.30	(0.49)	1.17

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC