Westcore Plus Correlations

WIIBX Fund

USD 9.34 0.01 0.11%

The current 90-days correlation between Westcore Plus Bond and Seafarer Overseas Growth is 0.09 (i.e., Significant diversification). The correlation of Westcore 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.

Westcore Plus Correlation With Market

Average diversification

The correlation between Westcore Plus Bond and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Plus Bond 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 Westcore Plus Bond. 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 labor statistics.

Moving together with Westcore Mutual Fund

0.93	SBAPX	Segall Bryant Hamill	Pair Corr
0.69	SBEMX	Segall Bryant Hamill	Pair Corr
0.69	SBHEX	Segall Bryant Hamill	Pair Corr
0.92	SBHPX	Segall Bryant Hamill	Pair Corr
0.9	SBHSX	Segall Bryant Hamill	Pair Corr
0.9	SBSIX	Segall Bryant Hamill	Pair Corr
0.89	WTCOX	Westcore Orado Tax	Pair Corr
1.0	WTIBX	Westcore Plus Bond	Pair Corr
0.9	WTLTX	Westcore Flexible Income	Pair Corr
0.96	WTTAX	Westcore Municipal	Pair Corr
0.91	CIEQX	Segall Bryant Hamll	Pair Corr
0.91	CIQRX	Segall Bryant Hamll	Pair Corr
0.91	WICOX	Westcore Orado Tax	Pair Corr
0.9	WILTX	Westcore Flexible Income	Pair Corr
0.97	WITAX	Westcore Municipal	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
1.0	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.88	UGPIX	Ultrachina Profund	Pair Corr
0.88	UGPSX	Ultrachina Profund	Pair Corr
0.78	PMPIX	Precious Metals Ultr	Pair Corr

Moving against Westcore Mutual Fund

0.74	WTSGX	Westcore Small Cap	Pair Corr
0.65	SBASX	Segall Bryant Hamill	Pair Corr
0.65	SBHCX	Segall Bryant Hamill	Pair Corr
0.59	SBHAX	Segall Bryant Hamill	Pair Corr
0.59	SBHVX	Segall Bryant Hamill	Pair Corr
0.59	SBRVX	Segall Bryant Hamill	Pair Corr
0.59	SBRAX	Segall Bryant Hamill	Pair Corr
0.39	WTMVX	Westcore Global Large	Pair Corr
0.74	WISGX	Westcore Small Cap	Pair Corr
0.39	WIMVX	Westcore Global Large	Pair Corr
0.36	CISGX	Touchstone Sands Capital	Pair Corr

Related Correlations Analysis

	SFGIX	FHKFX	ANGCX	UUPIX	EGLNX	DBELX	SMSDX	FEMDX
SFGIX		0.96	0.71	0.94	0.32	0.92	0.88	0.81	SFGIX
FHKFX	0.96		0.72	0.96	0.27	0.92	0.85	0.79	FHKFX
ANGCX	0.71	0.72		0.71	0.16	0.88	0.8	0.8	ANGCX
UUPIX	0.94	0.96	0.71		0.41	0.9	0.92	0.89	UUPIX
EGLNX	0.32	0.27	0.16	0.41		0.23	0.45	0.49	EGLNX
DBELX	0.92	0.92	0.88	0.9	0.23		0.88	0.84	DBELX
SMSDX	0.88	0.85	0.8	0.92	0.45	0.88		0.96	SMSDX
FEMDX	0.81	0.79	0.8	0.89	0.49	0.84	0.96		FEMDX
	SFGIX	FHKFX	ANGCX	UUPIX	EGLNX	DBELX	SMSDX	FEMDX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore 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 Westcore 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
SFGIX	0.54	0.05	0.11	0.05	0.79	(0.53)	1.09	(1.25)	4.18
FHKFX	0.84	0.08	0.10	0.10	1.07	(0.88)	1.94	(1.91)	5.94
ANGCX	0.13	0.01	0.40	0.79	0.00	(0.23)	0.36	(0.24)	0.83
UUPIX	2.26	0.28	0.09	0.20	2.84	(2.35)	4.92	(4.93)	14.16
EGLNX	1.07	0.13	0.10	0.13	1.36	(1.08)	1.97	(2.00)	6.25
DBELX	0.33	0.03	0.24	0.25	0.28	(0.44)	0.71	(0.58)	1.78
SMSDX	0.22	0.03	0.21	0.05	0.26	(0.27)	0.43	(0.51)	1.30
FEMDX	0.15	0.02	0.42	0.29	0.00	(0.20)	0.42	(0.26)	1.11

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