Westcore Flexible Correlations

Mutual Funds . USA . 
Fund . Westcore Flexible Income
WILTX Fund  USD 8.74  0.01  0.11%   
The current 90-days correlation between Westcore Flexible Income and Segall Bryant Hamill is -0.14 (i.e., Good diversification). The correlation of Westcore Flexible 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 Flexible Correlation With Market

Good diversification

The correlation between Westcore Flexible Income and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Flexible Income 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 Flexible Income. 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 estimate.

Moving together with Westcore Mutual Fund

  0.97SBAPX Segall Bryant HamillPairCorr
  0.95SBHAX Segall Bryant HamillPairCorr
  0.94SBHCX Segall Bryant HamillPairCorr
  0.97SBHEX Segall Bryant HamillPairCorr
  0.97SBHSX Segall Bryant HamillPairCorr
  0.94SBHVX Segall Bryant HamillPairCorr
  0.95SBRVX Segall Bryant HamillPairCorr
  0.97SBSIX Segall Bryant HamillPairCorr
  0.65WTCOX Westcore Orado TaxPairCorr
  0.78WTIBX Westcore Plus BondPairCorr
  0.95WTMVX Westcore Global LargePairCorr
  1.0WTLTX Westcore Flexible IncomePairCorr
  0.95WTSGX Westcore Small CapPairCorr
  0.94WTTAX Westcore MunicipalPairCorr
  0.93CIEQX Segall Bryant HamllPairCorr
  0.93CIQRX Segall Bryant HamllPairCorr
  0.87WICOX Westcore Orado TaxPairCorr
  0.8WIIBX Westcore Plus BondPairCorr
  0.95WISGX Westcore Small CapPairCorr
  0.95WITAX Westcore MunicipalPairCorr
  0.98VWEAX Vanguard High YieldPairCorr
  0.99VWEHX Vanguard High YieldPairCorr
  0.98BHYCX Blackrock Hi YldPairCorr
  0.98BHYIX Blackrock High YieldPairCorr
  0.98BHYSX Blackrock Hi YldPairCorr
  0.99BHYAX Blackrock High YieldPairCorr
  0.97FAHHX American Funds AmericanPairCorr
  0.97FTAHX American Funds AmericanPairCorr
  0.98AHTFX American High IncomePairCorr
  0.97AHTCX American High IncomePairCorr
  0.95PFN Pimco Income StrategyPairCorr
  0.96CIF Mfs Intermediate HighPairCorr

Moving against Westcore Mutual Fund

  0.53XNBHX Neuberger Berman IntPairCorr
  0.5XDSMX Dreyfus StrategicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Flexible 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 Flexible'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
SBASX  0.80  0.06  0.02  0.24  0.66 
(0.95)
 2.04 
(1.34)
 6.32 
SBAPX  0.06  0.00 (1.27) 0.00  0.00 
(0.11)
 0.10 
(0.10)
 0.40 
SBEMX  0.47  0.17  0.07  0.68  0.20 
(0.59)
 1.19 
(1.08)
 4.04 
SBHAX  0.63  0.18  0.00 (1.81) 0.59 
(0.71)
 1.82 
(1.27)
 4.69 
SBHCX  0.86  0.23  0.03 (1.00) 0.76 
(1.03)
 2.09 
(1.66)
 6.28 
SBHEX  0.49  0.26  0.11 (29.81) 0.12 
(0.61)
 1.46 
(1.08)
 4.01 
SBHPX  0.06  0.01 (1.52) 1.76  0.00 
(0.10)
 0.10 
(0.10)
 0.30 
SBHSX  0.50  0.24  0.11 (10.85) 0.14 
(0.61)
 1.24 
(0.86)
 2.85 
SBHVX  1.01  0.26  0.12  1.27  0.82 
(1.21)
 2.87 
(1.87)
 7.44 
SBRVX  0.99  0.34  0.12 (1.54) 0.80 
(1.20)
 2.68 
(1.80)
 7.38 

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