Woa All Correlations

WOAIX Fund

USD 8.58 0.06 0.70%

The current 90-days correlation between Woa All Asset and Alliancebernstein Global Highome is -0.01 (i.e., Good diversification). The correlation of Woa All 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.

Woa All Correlation With Market

Modest diversification

The correlation between Woa All Asset and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Woa All Asset 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 Woa All Asset. 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 gross domestic product.

Moving together with Woa Mutual Fund

0.66	PAALX	All Asset Fund	Pair Corr
0.67	PATRX	Pimco All Asset	Pair Corr
0.65	PAAIX	All Asset Fund	Pair Corr
0.66	PALPX	Pimco All Asset	Pair Corr
0.69	PASAX	All Asset Fund	Pair Corr
0.67	PASCX	All Asset Fund	Pair Corr
0.66	PAANX	Pimco All Asset	Pair Corr
0.67	PAUPX	Pimco All Asset	Pair Corr
0.68	PAUIX	Pimco All Asset	Pair Corr
0.66	WRHIX	Ivy High Income	Pair Corr
0.74	CSJZX	Cohen Steers Realty	Pair Corr
0.71	CSRSX	Cohen Steers Realty	Pair Corr

Moving against Woa Mutual Fund

0.62	TFLCX	Transamerica Floating	Pair Corr
0.61	KMDNX	Kinetics Multi-disciplina	Pair Corr
0.34	ASHIX	Allianzgi Short Duration	Pair Corr
0.33	VWSUX	Vanguard Short Term	Pair Corr
0.72	EGRAX	Eaton Vance Global	Pair Corr
0.65	CMCYX	Cm Modity Index	Pair Corr
0.65	MLCIX	Bmo Large Cap	Pair Corr
0.62	AHLYX	American Beacon Ahl	Pair Corr

Related Correlations Analysis

	XAWFX	MGGNX	ANAGX	GMADX	SMYIX
XAWFX		0.81	0.85	0.62	0.76	XAWFX
MGGNX	0.81		0.85	0.48	0.72	MGGNX
ANAGX	0.85	0.85		0.6	0.64	ANAGX
GMADX	0.62	0.48	0.6		0.44	GMADX
SMYIX	0.76	0.72	0.64	0.44		SMYIX
	XAWFX	MGGNX	ANAGX	GMADX	SMYIX

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Risk-Adjusted Indicators

There is a big difference between Woa Mutual Fund performing well and Woa All 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 Woa All'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
XAWFX	0.13	(0.01)	(0.99)	0.18	(0.44)	0.88
MGGNX	0.18	(0.02)	(0.48)	0.35	(0.35)	1.05
ANAGX	0.19	(0.02)	(0.79)	0.44	(0.29)	1.16
GMADX	0.65	(0.04)	0.55	0.90	(1.28)	11.02
SMYIX	0.64	(0.02)	(0.03)	1.48	(1.31)	4.86

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