Westcore Global Correlations

Mutual Funds . USA . 
Fund . Westcore Global Large Cap
WTMVX Fund  USD 12.11  0.01  0.08%   
The current 90-days correlation between Westcore Global Large and Teton Westwood Equity is -0.18 (i.e., Good diversification). The correlation of Westcore Global 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 Global Correlation With Market

Good diversification

The correlation between Westcore Global Large Cap and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Global Large Cap 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 Global Large Cap. 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 real.

Moving together with Westcore Mutual Fund

  0.96SBASX Segall Bryant HamillPairCorr
  0.9SBAPX Segall Bryant HamillPairCorr
  0.96SBEMX Segall Bryant HamillPairCorr
  1.0SBHAX Segall Bryant HamillPairCorr
  0.96SBHCX Segall Bryant HamillPairCorr
  0.96SBHEX Segall Bryant HamillPairCorr
  0.9SBHPX Segall Bryant HamillPairCorr
  0.96SBHSX Segall Bryant HamillPairCorr
  0.97SBHVX Segall Bryant HamillPairCorr
  0.95SBRVX Segall Bryant HamillPairCorr
  0.97SBRAX Segall Bryant HamillPairCorr
  0.95SBSIX Segall Bryant HamillPairCorr
  0.87WTCOX Westcore Orado TaxPairCorr
  0.64WTIBX Westcore Plus BondPairCorr
  0.95WTLTX Westcore Flexible IncomePairCorr
  0.97WTSGX Westcore Small CapPairCorr
  0.89WTTAX Westcore MunicipalPairCorr
  0.96CIEQX Segall Bryant HamllPairCorr
  0.96CIQRX Segall Bryant HamllPairCorr
  0.88WICOX Westcore Orado TaxPairCorr
  0.64WIIBX Westcore Plus BondPairCorr
  1.0WIMVX Westcore Global LargePairCorr
  0.95WILTX Westcore Flexible IncomePairCorr
  0.97WISGX Westcore Small CapPairCorr
  0.88WITAX Westcore MunicipalPairCorr
  0.97FCWGX American Funds CapitalPairCorr
  0.97FWCGX American Funds CapitalPairCorr
  0.99CWGIX Capital World GrowthPairCorr
  0.97CWGFX Capital World GrowthPairCorr
  0.97CWGCX Capital World GrowthPairCorr
  0.97RWIFX Capital World GrowthPairCorr
  0.97CWICX Capital World GrowthPairCorr
  0.97RWIAX Capital World GrowthPairCorr
  0.98CWIAX Capital World GrowthPairCorr
  0.98WGIFX Capital World GrowthPairCorr
  0.89FSMMX Fs Multi StrategyPairCorr
  0.96BTMPX Ishares Msci EafePairCorr
  0.97BTMKX Blackrock InternationalPairCorr
  0.96MDIIX Blackrock Intern IndexPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Global 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 Global'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
WESWX  0.54 (0.01)(0.05) 0.13  0.56 
(0.59)
 1.40 
(1.15)
 3.70 
WTCOX  0.08  0.00 (0.89) 0.10  0.00 
(0.12)
 0.20 
(0.10)
 0.59 
WTIBX  0.25  0.01 (0.33) 0.27  0.24 
(0.28)
 0.43 
(0.54)
 1.19 
WTLTX  0.12  0.03 (0.42) 0.41  0.00 
(0.19)
 0.35 
(0.23)
 0.81 
SBASX  0.86  0.05  0.06  0.19  0.75 
(1.00)
 2.17 
(1.65)
 6.32 
SBAPX  0.06  0.02 (1.00)(5.88) 0.00 
(0.11)
 0.10 
(0.10)
 0.40 
SBEMX  0.51  0.26  0.16 (25.06) 0.16 
(0.64)
 1.46 
(1.11)
 4.04 
SBHAX  0.63  0.17  0.03 (2.37) 0.60 
(0.71)
 1.82 
(1.27)
 4.69 
SBHCX  0.86  0.06  0.06  0.19  0.76 
(1.03)
 2.09 
(1.66)
 6.28 
SBHEX  0.49  0.26  0.15 (25.47) 0.12 
(0.61)
 1.46 
(1.08)
 4.01 

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