Westcore Orado Correlations

Mutual Funds . USA . 
Fund . Westcore Orado Tax Exempt
WICOX Fund  USD 10.25  0.01  0.1%   
The current 90-days correlation between Westcore Orado Tax and Westcore Global Large Cap is -0.07 (i.e., Good diversification). The correlation of Westcore Orado 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 Orado Correlation With Market

Average diversification

The correlation between Westcore Orado Tax Exempt and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Orado Tax Exempt 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 Orado Tax Exempt. 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 persons.

Moving together with Westcore Mutual Fund

  0.62SBASX Segall Bryant HamillPairCorr
  0.63SBHAX Segall Bryant HamillPairCorr
  0.87SBHCX Segall Bryant HamillPairCorr
  0.85SBHEX Segall Bryant HamillPairCorr
  0.84SBHSX Segall Bryant HamillPairCorr
  0.85SBHVX Segall Bryant HamillPairCorr
  0.85SBRVX Segall Bryant HamillPairCorr
  0.89SBRAX Segall Bryant HamillPairCorr
  0.84SBSIX Segall Bryant HamillPairCorr
  0.84WTSGX Westcore Small CapPairCorr
  0.72WTTAX Westcore MunicipalPairCorr
  0.83CIEQX Segall Bryant HamllPairCorr
  0.83CIQRX Segall Bryant HamllPairCorr
  0.76WIIBX Westcore Plus BondPairCorr
  0.64WIMVX Westcore Global LargePairCorr
  0.9WILTX Westcore Flexible IncomePairCorr
  0.84WISGX Westcore Small CapPairCorr
  0.92WITAX Westcore MunicipalPairCorr
  0.78HICOX Colorado BondsharesPairCorr
  0.74KYTFX Kentucky Tax FreePairCorr
  0.94HULYX Hawaiian Tax FreePairCorr
  0.97HULFX Hawaiian Tax FreePairCorr
  0.98ORTYX Aquila Tax FreePairCorr
  0.94HULAX Hawaiian Tax FreePairCorr
  0.84CPAYX Columbia Pacific/asiaPairCorr
  0.84MSKLX Mid Cap GrowthPairCorr
  0.84CISGX Touchstone Sands CapitalPairCorr
  0.84MMCGX Mid Cap GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Orado 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 Orado'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
WTMVX  0.55  0.24  0.16 (4.21) 0.24 
(0.72)
 1.78 
(0.90)
 4.01 
SBASX  0.84  0.27  0.14 (3.41) 0.59 
(1.02)
 2.17 
(1.34)
 6.32 
SBAPX  0.06  0.01 (0.99) 1.77  0.00 
(0.11)
 0.10 
(0.10)
 0.40 
SBEMX  0.50  0.00  0.19  0.00  0.00 
(0.64)
 1.46 
(1.08)
 4.04 
SBHAX  0.59  0.25  0.16 (3.06) 0.22 
(0.71)
 1.82 
(0.77)
 4.69 
SBHCX  0.85  0.07  0.07  0.20  0.75 
(1.03)
 2.09 
(1.66)
 6.28 
SBHEX  0.49  0.28  0.17 (18.70) 0.00 
(0.62)
 1.46 
(1.08)
 4.01 
SBHPX  0.06  0.01 (1.12) 3.89  0.00 
(0.11)
 0.10 
(0.10)
 0.30 
SBHSX  0.50  0.21  0.16  1.11  0.14 
(0.61)
 1.24 
(0.86)
 2.85 
SBRVX  0.99  0.15  0.15  0.27  0.80 
(1.20)
 2.68 
(1.80)
 7.38 

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