Core Plus Correlations
WCPBX Fund | USD 9.67 0.01 0.21% |
The correlation of Core Plus 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.
Core |
Moving together with Core Mutual Fund
0.62 | SAFEX | Weitz Ultra Short | PairCorr |
0.85 | WCPNX | Core Plus Income | PairCorr |
0.72 | WEFIX | Short Duration Income | PairCorr |
0.73 | WNTFX | Nebraska Tax Free | PairCorr |
0.91 | MWTNX | Metropolitan West Total | PairCorr |
0.91 | MWTSX | Metropolitan West Total | PairCorr |
0.92 | PTTPX | Pimco Total Return | PairCorr |
0.92 | PTRRX | Total Return | PairCorr |
0.92 | PTRAX | Total Return | PairCorr |
0.92 | PTTRX | Total Return | PairCorr |
0.92 | FIWGX | Strategic Advisers | PairCorr |
0.91 | DODIX | Dodge Income | PairCorr |
0.91 | MWTIX | Metropolitan West Total | PairCorr |
0.91 | MWTRX | Metropolitan West Total | PairCorr |
0.87 | BXECX | Barings Emerging Markets | PairCorr |
0.87 | BXEIX | Barings Emerging Markets | PairCorr |
0.87 | BXEAX | Barings Emerging Markets | PairCorr |
0.9 | HLDIX | Hartford Emerging | PairCorr |
0.85 | HLDRX | Hartford Emerging | PairCorr |
0.9 | HLDAX | Hartford Emerging | PairCorr |
0.85 | HLDCX | Hartford Emerging | PairCorr |
0.85 | HLDTX | Hartford Emerging | PairCorr |
0.91 | ACCSX | Access Capital Munity | PairCorr |
0.71 | TEMHX | Tiaa Cref Emerging | PairCorr |
0.81 | VWIAX | Vanguard Wellesley Income | PairCorr |
0.81 | FXIDX | Fixed Income Shares | PairCorr |
0.78 | REMVX | Rbc Emerging Markets | PairCorr |
0.78 | MFIRX | Ms Global Fixed | PairCorr |
0.75 | IFACX | Income Fund | PairCorr |
0.91 | BRAMX | Bats Series M | PairCorr |
Related Correlations Analysis
0.91 | 0.97 | 0.98 | 0.96 | 0.75 | 0.98 | PACEX | ||
0.91 | 0.9 | 0.93 | 0.9 | 0.75 | 0.9 | CWFIX | ||
0.97 | 0.9 | 0.98 | 0.95 | 0.65 | 0.99 | QDIBX | ||
0.98 | 0.93 | 0.98 | 0.97 | 0.7 | 0.99 | TTRBX | ||
0.96 | 0.9 | 0.95 | 0.97 | 0.65 | 0.96 | RSDIX | ||
0.75 | 0.75 | 0.65 | 0.7 | 0.65 | 0.69 | GMDFX | ||
0.98 | 0.9 | 0.99 | 0.99 | 0.96 | 0.69 | UIITX | ||
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Risk-Adjusted Indicators
There is a big difference between Core Mutual Fund performing well and Core Plus 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 Core Plus' 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PACEX | 0.12 | 0.03 | 0.63 | 0.65 | 0.00 | 0.33 | 0.76 | |||
CWFIX | 0.08 | 0.02 | 0.78 | 0.36 | 0.00 | 0.11 | 0.53 | |||
QDIBX | 0.24 | 0.05 | 0.39 | 0.75 | 0.06 | 0.47 | 1.52 | |||
TTRBX | 0.15 | 0.03 | 0.54 | 0.88 | 0.00 | 0.40 | 0.82 | |||
RSDIX | 0.09 | 0.02 | 0.75 | 1.75 | 0.00 | 0.21 | 0.62 | |||
GMDFX | 0.23 | 0.04 | 0.32 | (4.32) | 0.18 | 0.60 | 1.50 | |||
UIITX | 0.22 | 0.04 | 0.40 | 0.73 | 0.03 | 0.55 | 1.45 |