Wcm Focused Correlations

WFEMX Fund

USD 14.93 0.07 0.47%

The current 90-days correlation between Wcm Focused Emerging and Wcm Focused International is -0.02 (i.e., Good diversification). The correlation of Wcm Focused 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 Focused Correlation With Market

Very weak diversification

The correlation between Wcm Focused Emerging and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wcm Focused Emerging 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 Focused Emerging. 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 population.

Moving together with Wcm Mutual Fund

0.7	WCMGX	Wcm Focused Global	Pair Corr
0.63	VEIEX	Vanguard Emerging Markets	Pair Corr
0.85	FWWNX	American Funds New	Pair Corr
0.75	FNFWX	American Funds New	Pair Corr
0.76	NEWFX	New World Fund	Pair Corr
0.76	NWFFX	New World Fund	Pair Corr
0.76	NEWCX	New World Fund	Pair Corr
0.66	ODVYX	Oppenheimer Developing	Pair Corr
0.75	PGLSX	Global Multi Strategy	Pair Corr
0.68	DD	Dupont De Nemours	Pair Corr
0.61	IBM	International Business	Pair Corr

Moving against Wcm Mutual Fund

0.75	MRK	Merck Company	Pair Corr
0.31	PFE	Pfizer Inc	Pair Corr

Related Correlations Analysis

	WCMRX	ARTYX	MFAPX	CEMVX	WAESX
WCMRX		0.8	0.91	0.71	0.45	WCMRX
ARTYX	0.8		0.84	0.61	0.71	ARTYX
MFAPX	0.91	0.84		0.51	0.66	MFAPX
CEMVX	0.71	0.61	0.51		0.33	CEMVX
WAESX	0.45	0.71	0.66	0.33		WAESX
	WCMRX	ARTYX	MFAPX	CEMVX	WAESX

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Risk-Adjusted Indicators

There is a big difference between Wcm Mutual Fund performing well and Wcm Focused 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 Focused'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
WCMRX	0.93	0.12	0.11	(1.16)	1.20	(1.01)	1.77	(1.63)	7.72
ARTYX	1.09	0.07	0.06	0.06	1.30	(1.18)	2.22	(1.78)	6.05
MFAPX	0.88	0.08	0.10	(2.10)	1.05	(0.93)	2.12	(1.66)	5.55
CEMVX	0.80	0.04	0.07	(1.65)	1.13	(0.79)	1.66	(2.15)	6.09
WAESX	0.93	(0.02)	0.00	0.12	0.00	0.00	1.84	(2.16)	6.10

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