Wabacx Correlations

Funds . USA . 
Fund . Wabacx
WABACX Fund   21.94  0.03  0.14%   
The current 90-days correlation between Wabacx and Vanguard Total Stock is -0.13 (i.e., Good diversification). The correlation of Wabacx 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.

Wabacx Correlation With Market

Very poor diversification

The correlation between Wabacx and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wabacx 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 Wabacx. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Wabacx Fund

  0.96VTSAX Vanguard Total StockPairCorr
  0.98VFIAX Vanguard 500 IndexPairCorr
  0.96VTSMX Vanguard Total StockPairCorr
  0.98VITSX Vanguard Total StockPairCorr
  0.96VSTSX Vanguard Total StockPairCorr
  0.96VSMPX Vanguard Total StockPairCorr
  0.98VFINX Vanguard 500 IndexPairCorr
  0.96VFFSX Vanguard 500 IndexPairCorr
  0.94VGTSX Vanguard Total InterPairCorr
  0.94VTIAX Vanguard Total InterPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.85PFE Pfizer IncPairCorr
  0.94AA Alcoa CorpPairCorr
  0.94CSCO Cisco SystemsPairCorr
  0.9IBM International Business Earnings Call This WeekPairCorr
  0.94DIS Walt DisneyPairCorr
  0.84CVX Chevron CorpPairCorr
  0.94BA BoeingPairCorr
  0.95MSFT MicrosoftPairCorr

Moving against Wabacx Fund

  0.37KO Coca Cola Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Wabacx Fund performing well and Wabacx 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 Wabacx'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.67  0.26  0.12 (3.44) 0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.67  0.26  0.13 (2.75) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VSMPX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.66  0.25  0.12 (3.24) 0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.47  0.23  0.14 (4.35) 0.08 
(0.54)
 1.31 
(0.84)
 3.09 
VTIAX  0.47  0.23  0.13 (4.21) 0.00 
(0.54)
 1.35 
(0.86)
 3.10 

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