Investment Managers Correlations

WCFEX Fund

15.01 0.12 0.79%

The current 90-days correlation between Investment Managers and Alpsalerian Energy Infrastructure is 0.27 (i.e., Modest diversification). The correlation of Investment Managers 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.

Investment Managers Correlation With Market

Very weak diversification

The correlation between Investment Managers Series and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Investment Managers Series 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 Investment Managers Series. 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 income.

Moving together with Investment Mutual Fund

0.68	WCMOX	Wcm Focused International	Pair Corr
0.84	WCMNX	Wcm Small Cap	Pair Corr
0.65	WCMMX	Wcm Sustainable Inte	Pair Corr
0.84	WCMLX	Wcm Small Cap	Pair Corr
0.85	WCMJX	Wcm Focused Small	Pair Corr
0.71	WCMYX	Wcm Quality Dividend	Pair Corr
0.95	WCMWX	Investment Managers	Pair Corr
0.83	WCMAX	Wcm Mid Cap	Pair Corr
0.87	WCMGX	Wcm Focused Global	Pair Corr
0.86	WCMFX	Wcm Focused Small	Pair Corr
0.88	WCMEX	Wcm Focused Emerging	Pair Corr
0.84	WCMDX	Wcm Sustainable Deve	Pair Corr
0.91	WFEMX	Wcm Focused Emerging	Pair Corr
0.87	WFGGX	Wcm Focused Global	Pair Corr
0.71	WQDGX	Wcm Quality Dividend	Pair Corr
0.84	JILGX	Multimanager Lifestyle	Pair Corr
0.63	FHKCX	Fidelity China Region	Pair Corr

Moving against Investment Mutual Fund

0.69

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	ALEFX	GAAEX	FIKAX	ENPSX	XNDPX	DLDCX	ICBAX
ALEFX		-0.53	0.65	0.83	0.95	0.69	0.89	ALEFX
GAAEX	-0.53		-0.18	-0.38	-0.47	0.12	-0.23	GAAEX
FIKAX	0.65	-0.18		0.95	0.84	0.79	0.69	FIKAX
ENPSX	0.83	-0.38	0.95		0.96	0.79	0.8	ENPSX
XNDPX	0.95	-0.47	0.84	0.96		0.76	0.87	XNDPX
DLDCX	0.69	0.12	0.79	0.79	0.76		0.82	DLDCX
ICBAX	0.89	-0.23	0.69	0.8	0.87	0.82		ICBAX
	ALEFX	GAAEX	FIKAX	ENPSX	XNDPX	DLDCX	ICBAX

Click cells to compare fundamentals

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

XNDPX	+ 0.96	ENPSX
XNDPX	+ 0.95	ALEFX
ENPSX	+ 0.95	FIKAX
ICBAX	+ 0.89	ALEFX
ICBAX	+ 0.87	XNDPX
XNDPX	+ 0.84	FIKAX

High negative correlations

GAAEX	- 0.53	ALEFX
XNDPX	- 0.47	GAAEX
ENPSX	- 0.38	GAAEX
ICBAX	- 0.23	GAAEX
FIKAX	- 0.18	GAAEX

Risk-Adjusted Indicators

There is a big difference between Investment Mutual Fund performing well and Investment Managers 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 Investment Managers' 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
ALEFX	0.63	0.21	0.21	0.69	0.28	(0.82)	1.37	(0.77)	4.42
GAAEX	1.00	(0.12)	0.00	(0.10)	0.00	0.00	1.93	(2.35)	5.59
FIKAX	0.96	0.00	(0.07)	0.19	1.39	(0.90)	2.07	(2.13)	5.82
ENPSX	1.39	0.10	(0.01)	(5.67)	1.94	(1.35)	2.58	(3.15)	8.91
XNDPX	0.94	0.17	0.04	(8.31)	1.15	(0.94)	1.83	(2.38)	6.62
DLDCX	0.91	(0.06)	(0.06)	0.04	1.30	(0.90)	1.58	(2.05)	4.99
ICBAX	0.80	0.00	0.03	0.12	0.74	(0.92)	1.49	(1.24)	6.37

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