Westcore Global Correlations

WTMVX Fund

USD 12.45 0.08 0.65%

The current 90-days correlation between Westcore Global Large and American Funds Capital is 0.89 (i.e., Very poor 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

Very poor diversification

The correlation between Westcore Global Large Cap and DJI is 0.85 (i.e., Very poor 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

0.89	SBASX	Segall Bryant Hamill	Pair Corr
0.94	SBHAX	Segall Bryant Hamill	Pair Corr
0.89	SBHCX	Segall Bryant Hamill	Pair Corr
0.86	SBHVX	Segall Bryant Hamill	Pair Corr
0.86	SBRVX	Segall Bryant Hamill	Pair Corr
0.94	SBRAX	Segall Bryant Hamill	Pair Corr
0.89	WTSGX	Westcore Small Cap	Pair Corr
1.0	WIMVX	Westcore Global Large	Pair Corr
0.88	WISGX	Westcore Small Cap	Pair Corr
0.77	FCWGX	American Funds Capital	Pair Corr
0.77	FWCGX	American Funds Capital	Pair Corr
0.77	CWGIX	Capital World Growth	Pair Corr
0.77	CWGFX	Capital World Growth	Pair Corr
0.76	CWGCX	Capital World Growth	Pair Corr
0.77	RWIFX	Capital World Growth	Pair Corr
0.76	CWICX	Capital World Growth	Pair Corr
0.76	RWIAX	Capital World Growth	Pair Corr
0.77	CWIAX	Capital World Growth	Pair Corr
0.77	WGIFX	Capital World Growth	Pair Corr
0.64	XNKGX	Nuveen Georgia Quality	Pair Corr

Moving against Westcore Mutual Fund

0.41	WIIBX	Westcore Plus Bond	Pair Corr
0.4	WTIBX	Westcore Plus Bond	Pair Corr
0.39	XNXJX	Nuveen New Jersey	Pair Corr
0.33	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	FCWGX	FWCGX	CWGIX	CWGFX	CWGCX	RWIFX	CWICX	RWIAX	CWIAX	WGIFX
FCWGX		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FCWGX
FWCGX	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	FWCGX
CWGIX	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	1.0	CWGIX
CWGFX	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	1.0	CWGFX
CWGCX	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	1.0	CWGCX
RWIFX	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	1.0	RWIFX
CWICX	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	1.0	CWICX
RWIAX	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	1.0	RWIAX
CWIAX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		1.0	CWIAX
WGIFX	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0	1.0		WGIFX
	FCWGX	FWCGX	CWGIX	CWGFX	CWGCX	RWIFX	CWICX	RWIAX	CWIAX	WGIFX

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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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FCWGX	0.53	(0.05)	(0.12)	0.05	0.72	(0.55)	1.17	(1.36)	3.17
FWCGX	0.54	(0.05)	(0.12)	0.05	0.72	(0.55)	1.18	(1.38)	3.19
CWGIX	0.54	(0.05)	(0.12)	0.05	0.72	(0.55)	1.18	(1.36)	3.19
CWGFX	0.54	(0.05)	(0.12)	0.05	0.72	(0.55)	1.17	(1.36)	3.18
CWGCX	0.54	(0.05)	(0.12)	0.05	0.73	(0.55)	1.17	(1.36)	3.20
RWIFX	0.54	(0.05)	(0.12)	0.05	0.72	(0.55)	1.18	(1.36)	3.19
CWICX	0.54	(0.05)	(0.12)	0.05	0.73	(0.55)	1.18	(1.37)	3.19
RWIAX	0.54	(0.05)	(0.12)	0.05	0.73	(0.55)	1.17	(1.36)	3.19
CWIAX	0.54	(0.05)	(0.12)	0.05	0.72	(0.55)	1.17	(1.37)	3.19
WGIFX	0.54	(0.05)	(0.12)	0.05	0.72	(0.55)	1.19	(1.36)	3.19

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