Wpg Partners Correlations

WPGHX Fund

10.44 0.06 0.57%

The current 90-days correlation between Wpg Partners Select and Franklin Federal Limited Term is -0.08 (i.e., Good diversification). The correlation of Wpg Partners 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.

Wpg Partners Correlation With Market

Very weak diversification

The correlation between Wpg Partners Select and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wpg Partners Select 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 Wpg Partners Select. 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 rate.

Moving together with Wpg Mutual Fund

0.68	WPGTX	Wpg Partners Smallmicro	Pair Corr
0.82	WPGSX	Rbb Fund	Pair Corr
0.69	BPSIX	Boston Partners Small	Pair Corr
0.69	BPSCX	Boston Partners Small	Pair Corr
0.64	LMBAX	Qs Small Capitalization	Pair Corr

Moving against Wpg Mutual Fund

0.53	BELSX	Boston Partners Emerging	Pair Corr
0.39	NHS	Neuberger Berman High	Pair Corr

Related Correlations Analysis

	FTFZX	ASTIX	VSGBX	QLENX	LCSAX
FTFZX		0.36	0.33	0.34	-0.2	FTFZX
ASTIX	0.36		-0.56	0.87	-0.75	ASTIX
VSGBX	0.33	-0.56		-0.53	0.67	VSGBX
QLENX	0.34	0.87	-0.53		-0.81	QLENX
LCSAX	-0.2	-0.75	0.67	-0.81		LCSAX
	FTFZX	ASTIX	VSGBX	QLENX	LCSAX

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

QLENX	+ 0.87	ASTIX
LCSAX	+ 0.67	VSGBX
ASTIX	+ 0.36	FTFZX
QLENX	+ 0.34	FTFZX
VSGBX	+ 0.33	FTFZX

High negative correlations

LCSAX	- 0.81	QLENX
LCSAX	- 0.75	ASTIX
VSGBX	- 0.56	ASTIX
QLENX	- 0.53	VSGBX
LCSAX	- 0.2	FTFZX

Risk-Adjusted Indicators

There is a big difference between Wpg Mutual Fund performing well and Wpg Partners 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 Wpg Partners' 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
FTFZX	0.07	0.00	(0.63)	0.31	0.00	(0.13)	0.19	(0.10)	0.68
ASTIX	0.28	0.05	(0.17)	1.68	0.26	(0.32)	0.57	(0.64)	1.79
VSGBX	0.10	0.00	(0.80)	0.19	0.11	(0.14)	0.20	(0.20)	0.78
QLENX	0.31	0.08	(0.10)	(1.54)	0.20	(0.38)	0.76	(0.57)	2.17
LCSAX	0.25	(0.07)	0.00	(3.29)	0.00	0.00	0.33	(0.54)	1.69

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