Wcm Focused Correlations

Mutual Funds . USA . 
Fund . Wcm Focused Small
WCMFX Fund  USD 11.61  0.07  0.60%   
The current 90-days correlation between Wcm Focused Small and Investment Managers Series is 0.58 (i.e., Very weak diversification). The correlation of Wcm Focused 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.

Wcm Focused Correlation With Market

Very poor diversification

The correlation between Wcm Focused Small and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wcm Focused Small 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 Wcm Focused Small. 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 census.

Moving together with Wcm Mutual Fund

  0.91WCFEX Investment ManagersPairCorr
  0.91WCFOX Wcm Focused InternationalPairCorr
  0.91WCMOX Wcm Focused InternationalPairCorr
  0.99WCMNX Wcm Small CapPairCorr
  0.99WCMLX Wcm Small CapPairCorr
  1.0WCMJX Wcm Focused SmallPairCorr
  0.91WCMWX Investment ManagersPairCorr
  0.92WCMVX Wcm Focused InternationalPairCorr
  0.9WCMSX Wcm International SmallPairCorr
  0.69WCMRX Wcm Focused InternationalPairCorr
  0.93WCMAX Wcm Mid CapPairCorr
  0.69WCMIX Wcm Focused InternationalPairCorr
  0.89WCMGX Wcm Focused GlobalPairCorr
  0.93WCMEX Wcm Focused EmergingPairCorr
  0.93WFEMX Wcm Focused EmergingPairCorr
  0.91WFGGX Wcm Focused GlobalPairCorr
  0.92WLIVX Wcm Focused InternationalPairCorr
  0.93WMIDX Wcm Mid CapPairCorr
  0.98WMVYX Wcm Mid CapPairCorr
  0.73VSMAX Vanguard Small CapPairCorr
  0.67VSCIX Vanguard Small CapPairCorr
  0.67VSCPX Vanguard Small CapPairCorr
  0.67NAESX Vanguard Small CapPairCorr
  0.64FSSNX Fidelity Small CapPairCorr
  0.74DFSTX Us Small CapPairCorr
  0.98PASVX T Rowe PricePairCorr
  0.69PRVIX T Rowe PricePairCorr
  0.69TRZVX T Rowe PricePairCorr
  0.69PRSVX T Rowe PricePairCorr
  0.71NHS Neuberger Berman HighPairCorr
  0.96VTSAX Vanguard Total StockPairCorr
  0.7BTEUX Baron Select FundsPairCorr
  0.61RLBCX American BalancedPairCorr
  0.75BCIAX California Intermediate-terPairCorr
  0.98MMMSX Victory IntegrityPairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr

Moving against Wcm Mutual Fund

  0.59AOHAX Ab Ohio PortfolioPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Wcm Mutual Fund performing well and Wcm Focused 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 Wcm Focused'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
WCFEX  0.63  0.35  0.41  1.00  0.00 
(0.85)
 1.98 
(0.86)
 3.75 
WCFOX  0.67  0.30  0.30  0.68  0.00 
(0.87)
 1.92 
(1.12)
 4.09 
WCMOX  0.67  0.30  0.29  0.70  0.00 
(0.88)
 1.82 
(1.01)
 4.24 
WCMNX  0.91  0.10  0.10  0.22  0.79 
(1.04)
 2.31 
(1.67)
 7.20 
WCMLX  0.92  0.10  0.10  0.22  0.79 
(1.05)
 2.37 
(1.74)
 7.27 
WCMJX  0.82  0.00  0.01  0.13  0.89 
(0.94)
 2.03 
(1.56)
 6.44 
WCMWX  0.63  0.35  0.42  1.01  0.00 
(0.89)
 1.92 
(0.93)
 3.74 
WCMVX  0.62  0.22  0.21  0.53  0.17 
(0.74)
 1.93 
(0.97)
 3.93 
WCMSX  0.55  0.31  0.28  1.03  0.00 
(0.67)
 1.65 
(1.04)
 4.01 
WCMRX  0.57  0.28  0.23 (7.77) 0.00 
(0.71)
 1.69 
(0.88)
 3.97 

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