Wcm Focused Correlations

Mutual Funds . USA . 
Fund . Wcm Focused Global
WFGGX Fund  USD 29.20  0.14  0.48%   
The current 90-days correlation between Wcm Focused Global and Investment Managers Series is 0.71 (i.e., Poor 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

Poor diversification

The correlation between Wcm Focused Global and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wcm Focused Global 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 Global. 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 price.

Moving together with Wcm Mutual Fund

  0.86WCFEX Investment ManagersPairCorr
  0.7WCFOX Wcm Focused InternationalPairCorr
  0.7WCMOX Wcm Focused InternationalPairCorr
  0.89WCMNX Wcm Small CapPairCorr
  0.9WCMLX Wcm Small CapPairCorr
  0.91WCMJX Wcm Focused SmallPairCorr
  0.61WCMYX Wcm Quality DividendPairCorr
  0.86WCMWX Investment ManagersPairCorr
  0.88WCMAX Wcm Mid CapPairCorr
  1.0WCMGX Wcm Focused GlobalPairCorr
  0.91WCMFX Wcm Focused SmallPairCorr
  0.74WCMEX Wcm Focused EmergingPairCorr
  0.68WCMDX Wcm Sustainable DevePairCorr
  0.73WFEMX Wcm Focused EmergingPairCorr
  0.88WMIDX Wcm Mid CapPairCorr
  0.65FNFPX American Funds NewPairCorr
  0.65FFPNX American Funds NewPairCorr
  0.63NPFCX New PerspectivePairCorr
  0.64ANWPX New PerspectivePairCorr
  0.64NPFFX New PerspectivePairCorr
  0.64CNPAX New PerspectivePairCorr
  0.64CNPEX New PerspectivePairCorr
  0.65CNPFX New PerspectivePairCorr
  0.62CNPCX New PerspectivePairCorr
  0.62RNPAX New PerspectivePairCorr
  0.96KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.96KMKCX Kinetics Market OppoPairCorr
  0.97KSCOX Kinetics Small CapPairCorr

Related Correlations Analysis

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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  0.58 (0.01)(0.08) 0.11  0.77 
(0.57)
 1.06 
(1.29)
 3.21 
WCFOX  0.69 (0.06)(0.08) 0.05  0.91 
(0.75)
 1.18 
(1.61)
 4.34 
WCMOX  0.69 (0.06)(0.08) 0.06  0.93 
(0.73)
 1.26 
(1.60)
 4.31 
WCMNX  0.90 (0.07)(0.01) 0.08  1.02 
(1.02)
 1.91 
(1.83)
 7.85 
WCMMX  0.25 (0.03)(0.14) 0.02  0.36 
(0.65)
 0.91 
(0.80)
 2.53 
WCMLX  0.90 (0.07)(0.01) 0.08  1.00 
(0.99)
 1.89 
(1.81)
 7.75 
WCMJX  0.72 (0.03)(0.04) 0.09  0.87 
(0.77)
 1.87 
(1.13)
 4.10 
WCMYX  0.42 (0.04)(0.19) 0.06  0.41 
(0.48)
 0.85 
(0.74)
 2.69 
WCMWX  0.58 (0.01)(0.08) 0.12  0.80 
(0.56)
 1.08 
(1.29)
 3.21 
WCMVX  0.70 (0.12) 0.00 (0.04) 0.00 
 0.00 
 1.28 
(1.49)
 3.68 

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