Westcore Plus Correlations

WTIBX Fund

USD 9.44 0.03 0.32%

The current 90-days correlation between Westcore Plus Bond and Pimco Income Fund is 0.8 (i.e., Very poor diversification). The correlation of Westcore Plus 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 Plus Correlation With Market

Good diversification

The correlation between Westcore Plus Bond and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Plus Bond 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 Plus Bond. 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 bureau of labor statistics.

Moving together with Westcore Mutual Fund

0.68	SBHSX	Segall Bryant Hamill	Pair Corr
0.74	SBSIX	Segall Bryant Hamill	Pair Corr
0.66	WTCOX	Westcore Orado Tax	Pair Corr
0.82	WTTAX	Westcore Municipal	Pair Corr
0.7	CIEQX	Segall Bryant Hamll	Pair Corr
0.7	CIQRX	Segall Bryant Hamll	Pair Corr
0.72	WICOX	Westcore Orado Tax	Pair Corr
1.0	WIIBX	Westcore Plus Bond	Pair Corr
0.81	WITAX	Westcore Municipal	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
1.0	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
1.0	GPBFX	Gmo E Plus	Pair Corr

Moving against Westcore Mutual Fund

0.7	WTSGX	Westcore Small Cap	Pair Corr
0.68	SBHVX	Segall Bryant Hamill	Pair Corr
0.68	SBRVX	Segall Bryant Hamill	Pair Corr
0.66	SBASX	Segall Bryant Hamill	Pair Corr
0.66	SBHCX	Segall Bryant Hamill	Pair Corr
0.61	SBHAX	Segall Bryant Hamill	Pair Corr
0.6	SBRAX	Segall Bryant Hamill	Pair Corr
0.41	WTMVX	Westcore Global Large	Pair Corr
0.41	WIMVX	Westcore Global Large	Pair Corr
0.74	FCNTX	Fidelity Contrafund	Pair Corr
0.7	WISGX	Westcore Small Cap	Pair Corr
0.51	AMFFX	American Mutual	Pair Corr

Related Correlations Analysis

	PONAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX
PONAX		0.39	0.0	-0.07	0.02	0.23	0.65	0.33	-0.46	-0.31	PONAX
444859BR2	0.39		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	-0.69	444859BR2
AQUI	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.07	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	-0.32	BRRAY
MSTSX	0.02	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	0.75	MSTSX
LBHIX	0.23	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	0.68	LBHIX
ABHYX	0.65	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	0.07	ABHYX
SCAXF	0.33	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	-0.43	SCAXF
VIASP	-0.46	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		0.41	VIASP
AAEVX	-0.31	-0.69	0.0	-0.32	0.75	0.68	0.07	-0.43	0.41		AAEVX
	PONAX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP	AAEVX

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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

AAEVX	+ 0.75	MSTSX
AAEVX	+ 0.68	LBHIX
LBHIX	+ 0.67	MSTSX
ABHYX	+ 0.65	PONAX
ABHYX	+ 0.51	LBHIX
SCAXF	+ 0.41	444859BR2

High negative correlations

VIASP	- 0.8	SCAXF
AAEVX	- 0.69	444859BR2
LBHIX	- 0.54	444859BR2
MSTSX	- 0.53	444859BR2
VIASP	- 0.46	PONAX
MSTSX	- 0.45	BRRAY

Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Plus 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 Plus' 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
PONAX	0.15	(0.01)	(0.57)	(0.16)	0.16	(0.18)	0.28	(0.28)	1.04
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18
AAEVX	0.48	0.05	(0.10)	(2.13)	0.54	(0.57)	0.93	(0.77)	2.76

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