Westcore Flexible Correlations

Mutual Funds . USA . 
Fund . Westcore Flexible Income
WILTX Fund  USD 8.62  0.01  0.12%   
The current 90-days correlation between Westcore Flexible Income and Westcore Plus Bond is 0.1 (i.e., Average diversification). The correlation of Westcore Flexible 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.

Westcore Flexible Correlation With Market

Modest diversification

The correlation between Westcore Flexible Income and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Flexible Income 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 Westcore Flexible Income. 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 estimate.

Moving together with Westcore Mutual Fund

  0.81WTCOX Westcore Orado TaxPairCorr
  0.98WTLTX Westcore Flexible IncomePairCorr
  0.78WTSGX Westcore Small CapPairCorr
  0.83WTTAX Westcore MunicipalPairCorr
  0.82WICOX Westcore Orado TaxPairCorr
  0.78WISGX Westcore Small CapPairCorr
  0.83WITAX Westcore MunicipalPairCorr
  0.89VWEAX Vanguard High YieldPairCorr
  0.83VWEHX Vanguard High YieldPairCorr
  0.92BHYCX Blackrock Hi YldPairCorr
  0.91BHYIX Blackrock High YieldPairCorr
  0.93BHYSX Blackrock Hi YldPairCorr
  0.92BHYAX Blackrock High YieldPairCorr
  0.82FAHHX American Funds AmericanPairCorr
  0.81FTAHX American Funds AmericanPairCorr
  0.82AHTFX American High IncomePairCorr
  0.87AHTCX American High IncomePairCorr

Related Correlations Analysis

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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   
JAHYX
+ 0.96
FHYTX
JAHYX
+ 0.89
NHFIX
FHYTX
+ 0.87
NHFIX
JAHYX
+ 0.75
BUFHX
NHFIX
+ 0.73
BUFHX
FHYTX
+ 0.67
BUFHX
  
High negative correlations   
BUFHX
- 0.3
WTIBX

Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Flexible 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 Westcore Flexible'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.

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