Wpg Partners Correlations

WPGHX Fund

9.06 0.06 0.66%

The current 90-days correlation between Wpg Partners Select and Boston Partners Emerging is 0.24 (i.e., Modest diversification). The correlation of Wpg Partners 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.

Wpg Partners Correlation With Market

Very weak diversification

The correlation between Wpg Partners Select and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wpg Partners Select 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 Wpg Partners Select. 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 rate.

Moving together with Wpg Mutual Fund

0.63	BELSX	Boston Partners Emerging	Pair Corr
0.74	OPTCX	Rbb Fund	Pair Corr
0.96	BPAVX	Boston Partners All	Pair Corr
0.96	BPAIX	Boston Partners All	Pair Corr
0.98	WPGTX	Wpg Partners Smallmicro	Pair Corr
0.99	WPGSX	Rbb Fund	Pair Corr
0.92	BPGSX	Rbb Fund	Pair Corr
0.94	BPGIX	Boston Partners Global	Pair Corr
0.93	BPIRX	Boston Partners Longshort	Pair Corr
0.93	BPLEX	Boston Partners Longshort	Pair Corr
0.93	BPLSX	Boston Partners Longshort	Pair Corr
0.93	BPRRX	Boston Partners Longshort	Pair Corr
0.97	BPSIX	Boston Partners Small	Pair Corr
0.97	BPSCX	Boston Partners Small	Pair Corr
0.91	NLSCX	Neuberger Berman Long	Pair Corr
0.92	NLSAX	Neuberger Berman Long	Pair Corr
0.92	NLSIX	Neuberger Berman Long	Pair Corr
0.87	QLERX	Aqr Long Short	Pair Corr
0.96	DHLSX	Diamond Hill Long	Pair Corr
0.96	DIAYX	Diamond Hill Long	Pair Corr
0.96	DIAMX	Diamond Hill Long	Pair Corr
0.93	ASLAX	Ab Select Longshort	Pair Corr
0.95	PDI	Pimco Dynamic Income	Pair Corr
0.87	FTCAX	Templeton Strained Bond	Pair Corr
0.96	SWEGX	Schwab Markettrack All	Pair Corr
0.95	RSOOX	Columbia Dividend	Pair Corr
0.94	ASCZX	Alger Smallcap Growth	Pair Corr
0.7	NREEX	Neuberger Berman Real	Pair Corr

Moving against Wpg Mutual Fund

0.97	UIPIX	Ultrashort Mid Cap	Pair Corr
0.95	USPSX	Profunds Ultrashort	Pair Corr
0.95	USPIX	Profunds Ultrashort	Pair Corr
0.7	TCTGX	Transamerica Cleartrack	Pair Corr
0.7	TDKTX	Cleartrack 2015 Class	Pair Corr
0.7	TCTJX	Transamerica Cleartrack	Pair Corr
0.67	TCSUX	Cleartrack 2020 Class	Pair Corr
0.59	PWLIX	Pimco Rae Worldwide	Pair Corr
0.59	PWLMX	Pimco Rae Worldwide	Pair Corr

Related Correlations Analysis

	BELSX	OPTCX	BPAVX	BPAIX	WPGHX	WPGTX	WPGSX	BPGSX	BPGIX	BPIRX
BELSX		0.47	0.56	0.56	0.63	0.59	0.62	0.46	0.5	0.46	BELSX
OPTCX	0.47		0.82	0.82	0.74	0.79	0.8	0.8	0.78	0.75	OPTCX
BPAVX	0.56	0.82		1.0	0.96	0.99	0.99	0.97	0.98	0.98	BPAVX
BPAIX	0.56	0.82	1.0		0.96	0.99	0.99	0.97	0.98	0.98	BPAIX
WPGHX	0.63	0.74	0.96	0.96		0.98	0.99	0.92	0.94	0.93	WPGHX
WPGTX	0.59	0.79	0.99	0.99	0.98		1.0	0.96	0.98	0.97	WPGTX
WPGSX	0.62	0.8	0.99	0.99	0.99	1.0		0.95	0.96	0.96	WPGSX
BPGSX	0.46	0.8	0.97	0.97	0.92	0.96	0.95		1.0	0.99	BPGSX
BPGIX	0.5	0.78	0.98	0.98	0.94	0.98	0.96	1.0		0.99	BPGIX
BPIRX	0.46	0.75	0.98	0.98	0.93	0.97	0.96	0.99	0.99		BPIRX
	BELSX	OPTCX	BPAVX	BPAIX	WPGHX	WPGTX	WPGSX	BPGSX	BPGIX	BPIRX

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Risk-Adjusted Indicators

There is a big difference between Wpg Mutual Fund performing well and Wpg Partners 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 Wpg Partners' 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
BELSX	0.31	0.00	(0.29)	0.18	0.32	(0.34)	0.57	(0.56)	1.46
OPTCX	0.15	0.02	(0.24)	0.28	0.00	(0.25)	0.41	(0.31)	1.45
BPAVX	0.64	0.06	0.05	0.20	0.52	(0.74)	1.73	(1.25)	4.51
BPAIX	0.65	0.06	0.05	0.20	0.51	(0.72)	1.75	(1.24)	4.51
WPGHX	0.55	0.04	(0.06)	0.22	0.50	(0.71)	1.25	(0.90)	3.85
WPGTX	0.77	0.12	0.11	0.26	0.64	(0.96)	2.08	(1.35)	5.72
WPGSX	0.94	0.13	0.11	0.25	0.84	(1.10)	2.45	(1.34)	7.54
BPGSX	0.50	0.14	0.10	0.43	0.37	(0.57)	1.27	(1.01)	2.94
BPGIX	0.52	0.14	0.10	0.42	0.34	(0.60)	1.28	(1.10)	3.14
BPIRX	0.37	0.05	(0.05)	0.23	0.27	(0.42)	0.82	(0.60)	2.37

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