Investment Managers Correlations

WCMWX Fund

15.14 0.02 0.13%

The current 90-days correlation between Investment Managers and Arrow Managed Futures is 0.13 (i.e., Average 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

Modest diversification

The correlation between Investment Managers Series and DJI is 0.29 (i.e., Modest 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 housing.

Moving together with Investment Mutual Fund

1.0	WCFEX	Investment Managers	Pair Corr
0.75	WCMNX	Wcm Small Cap	Pair Corr
0.75	WCMLX	Wcm Small Cap	Pair Corr
0.64	WCMJX	Wcm Focused Small	Pair Corr
0.71	WCMYX	Wcm Quality Dividend	Pair Corr
0.82	WCMRX	Wcm Focused International	Pair Corr
0.69	WCMAX	Wcm Mid Cap	Pair Corr
0.83	WCMIX	Wcm Focused International	Pair Corr
0.81	WCMGX	Wcm Focused Global	Pair Corr
0.64	WCMFX	Wcm Focused Small	Pair Corr
0.82	WCMEX	Wcm Focused Emerging	Pair Corr
0.82	WFEMX	Wcm Focused Emerging	Pair Corr
0.81	WFGGX	Wcm Focused Global	Pair Corr
0.69	WMIDX	Wcm Mid Cap	Pair Corr
0.71	WQDGX	Wcm Quality Dividend	Pair Corr
0.76	FWWNX	American Funds New	Pair Corr
0.76	FNFWX	American Funds New	Pair Corr
0.76	NEWFX	New World Fund	Pair Corr
0.76	NWFFX	New World Fund	Pair Corr
0.75	NEWCX	New World Fund	Pair Corr
0.7	ODVYX	Oppenheimer Developing	Pair Corr

Related Correlations Analysis

	MFTFX	TIILX	SLFYX	LIFIX	TIIHX
MFTFX		0.42	0.6	0.69	0.43	MFTFX
TIILX	0.42		0.8	0.83	1.0	TIILX
SLFYX	0.6	0.8		0.92	0.8	SLFYX
LIFIX	0.69	0.83	0.92		0.83	LIFIX
TIIHX	0.43	1.0	0.8	0.83		TIIHX
	MFTFX	TIILX	SLFYX	LIFIX	TIIHX

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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
MFTFX	1.07	0.15	0.09	(0.73)	1.41	(1.11)	1.97	(2.28)	5.07
TIILX	0.14	0.00	0.02	0.07	0.10	(0.18)	0.28	(0.29)	0.95
SLFYX	0.19	0.03	0.12	0.84	0.00	(0.27)	0.51	(0.39)	1.02
LIFIX	0.12	0.01	0.08	0.38	0.00	(0.18)	0.26	(0.17)	0.78
TIIHX	0.14	0.00	0.02	0.06	0.11	(0.18)	0.28	(0.29)	0.95

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Investment Managers Correlations

Investment Managers Correlation With Market

Modest diversification

Moving together with Investment Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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