Wcm Small Correlations

WCMLX Fund

USD 11.78 0.16 1.38%

The current 90-days correlation between Wcm Small Cap and John Hancock Ii is -0.01 (i.e., Good diversification). The correlation of Wcm Small 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 Small Correlation With Market

Poor diversification

The correlation between Wcm Small Cap and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wcm Small 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 Wcm Small 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 bureau of economic analysis.

Moving together with Wcm Mutual Fund

0.78	WCFEX	Investment Managers	Pair Corr
1.0	WCMNX	Wcm Small Cap	Pair Corr
0.99	WCMJX	Wcm Focused Small	Pair Corr
0.78	WCMWX	Investment Managers	Pair Corr
0.91	WCMAX	Wcm Mid Cap	Pair Corr
0.71	WCMGX	Wcm Focused Global	Pair Corr
0.99	WCMFX	Wcm Focused Small	Pair Corr
0.68	WFGGX	Wcm Focused Global	Pair Corr
0.97	WMIDX	Wcm Mid Cap	Pair Corr
0.97	WMVYX	Wcm Mid Cap	Pair Corr
0.67	VSGAX	Vanguard Small Cap	Pair Corr
0.99	VSGIX	Vanguard Small Cap	Pair Corr
0.99	VISGX	Vanguard Small Cap	Pair Corr
0.85	VEXPX	Vanguard Explorer	Pair Corr
0.93	VEXRX	Vanguard Explorer	Pair Corr
0.92	JGMIX	Janus Triton	Pair Corr
0.96	JGMRX	Janus Triton	Pair Corr
0.92	JGMAX	Janus Triton	Pair Corr
0.92	JGMCX	Janus Triton	Pair Corr
0.96	JGMNX	Janus Triton	Pair Corr
0.92	VSTSX	Vanguard Total Stock	Pair Corr
0.92	VSMPX	Vanguard Total Stock	Pair Corr

Moving against Wcm Mutual Fund

0.77	WCMCX	Wcm China Quality	Pair Corr
0.77	WCQGX	Wcm China Quality	Pair Corr
0.37	WCMVX	Wcm Focused International	Pair Corr
0.37	WLIVX	Wcm Focused International	Pair Corr
0.54	VTISX	Vanguard Total Inter	Pair Corr
0.54	VTSNX	Vanguard Total Inter	Pair Corr
0.54	VTPSX	Vanguard Total Inter	Pair Corr
0.39	AGIVX	Invesco Government	Pair Corr

Related Correlations Analysis

	JSCNX	GSXPX	JISCX	QRSVX	ABYSX	MAVKX	BPSCX
JSCNX		0.74	0.7	0.83	0.68	0.74	0.68	JSCNX
GSXPX	0.74		0.98	0.79	0.98	0.99	0.88	GSXPX
JISCX	0.7	0.98		0.81	0.99	0.98	0.89	JISCX
QRSVX	0.83	0.79	0.81		0.8	0.82	0.8	QRSVX
ABYSX	0.68	0.98	0.99	0.8		0.98	0.88	ABYSX
MAVKX	0.74	0.99	0.98	0.82	0.98		0.89	MAVKX
BPSCX	0.68	0.88	0.89	0.8	0.88	0.89		BPSCX
	JSCNX	GSXPX	JISCX	QRSVX	ABYSX	MAVKX	BPSCX

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Risk-Adjusted Indicators

There is a big difference between Wcm Mutual Fund performing well and Wcm Small 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 Small'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
JSCNX	0.92	(0.31)	5.49	1.29	(1.99)	7.34
GSXPX	0.91	(0.12)	(0.19)	1.48	(2.27)	4.69
JISCX	0.88	(0.11)	(0.20)	1.51	(2.16)	5.11
QRSVX	0.78	(0.16)	0.96	1.39	(1.84)	4.48
ABYSX	0.85	(0.09)	(0.17)	1.38	(2.08)	4.03
MAVKX	0.82	(0.11)	(0.20)	1.24	(1.95)	4.44
BPSCX	1.04	(0.25)	(0.34)	1.51	(2.12)	12.69

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