Westcore Global Correlations

WIMVX Fund

USD 11.13 0.06 0.54%

The current 90-days correlation between Westcore Global Large and Davis Financial Fund is 0.03 (i.e., Significant diversification). The correlation of Westcore Global 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 Global Correlation With Market

Poor diversification

The correlation between Westcore Global Large Cap and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Global Large 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 Westcore Global Large 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 real.

Moving together with Westcore Mutual Fund

0.88	SBASX	Segall Bryant Hamill	Pair Corr
0.96	SBHAX	Segall Bryant Hamill	Pair Corr
0.93	SBHVX	Segall Bryant Hamill	Pair Corr
0.92	SBRAX	Segall Bryant Hamill	Pair Corr
1.0	WTMVX	Westcore Global Large	Pair Corr
0.87	WTSGX	Westcore Small Cap	Pair Corr
0.85	WISGX	Westcore Small Cap	Pair Corr
0.67	FCWGX	American Funds Capital	Pair Corr
0.67	FWCGX	American Funds Capital	Pair Corr
0.68	CWGIX	Capital World Growth	Pair Corr
0.68	CWGFX	Capital World Growth	Pair Corr
0.7	CWGCX	Capital World Growth	Pair Corr
0.67	RWIFX	Capital World Growth	Pair Corr
0.7	CWICX	Capital World Growth	Pair Corr
0.7	RWIAX	Capital World Growth	Pair Corr
0.68	CWIAX	Capital World Growth	Pair Corr
0.67	WGIFX	Capital World Growth	Pair Corr

Moving against Westcore Mutual Fund

0.45	WTIBX	Westcore Plus Bond	Pair Corr
0.44	SBHPX	Segall Bryant Hamill	Pair Corr
0.43	SBAPX	Segall Bryant Hamill	Pair Corr
0.42	SBHSX	Segall Bryant Hamill	Pair Corr
0.42	SBSIX	Segall Bryant Hamill	Pair Corr
0.42	CIEQX	Segall Bryant Hamll	Pair Corr
0.42	CIQRX	Segall Bryant Hamll	Pair Corr
0.41	WIIBX	Westcore Plus Bond	Pair Corr
0.34	WITAX	Westcore Municipal	Pair Corr
0.59	GF	New Germany Closed	Pair Corr
0.51	VSGDX	Vanguard Short Term	Pair Corr
0.42	HRBDX	Harbor Bond Fund	Pair Corr
0.4	ABNOX	Ab Bond Inflation	Pair Corr
0.38	ARBOX	Absolute Convertible	Pair Corr

Related Correlations Analysis

	DVFYX	VFAIX	FTIXX	PSSRX	RMBLX	RMBKX	SBFAX	GCFSX
DVFYX		0.87	0.0	0.7	0.57	0.56	0.88	0.86	DVFYX
VFAIX	0.87		0.0	0.87	0.82	0.82	0.99	0.59	VFAIX
FTIXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FTIXX
PSSRX	0.7	0.87	0.0		0.91	0.91	0.86	0.34	PSSRX
RMBLX	0.57	0.82	0.0	0.91		1.0	0.82	0.18	RMBLX
RMBKX	0.56	0.82	0.0	0.91	1.0		0.82	0.17	RMBKX
SBFAX	0.88	0.99	0.0	0.86	0.82	0.82		0.62	SBFAX
GCFSX	0.86	0.59	0.0	0.34	0.18	0.17	0.62		GCFSX
	DVFYX	VFAIX	FTIXX	PSSRX	RMBLX	RMBKX	SBFAX	GCFSX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

RMBKX	+ 1.0	RMBLX
SBFAX	+ 0.99	VFAIX
RMBLX	+ 0.91	PSSRX
RMBKX	+ 0.91	PSSRX
SBFAX	+ 0.88	DVFYX
VFAIX	+ 0.87	DVFYX

High negative correlations

GCFSX	- 0.0	FTIXX
SBFAX	- 0.0	FTIXX
RMBKX	- 0.0	FTIXX
RMBLX	- 0.0	FTIXX
PSSRX	- 0.0	FTIXX
FTIXX	- 0.0	VFAIX

Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Global 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 Global'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
DVFYX	0.85	0.03	0.02	(0.33)	1.27	(0.82)	1.65	(2.39)	6.47
VFAIX	0.85	0.01	0.01	0.01	1.27	(0.84)	1.99	(2.51)	6.10
FTIXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PSSRX	0.99	(0.12)	0.00	(0.10)	0.00	0.00	1.85	(3.18)	6.03
RMBLX	1.13	(0.15)	0.00	(0.14)	0.00	0.00	2.20	(3.09)	6.78
RMBKX	1.13	(0.15)	0.00	(0.14)	0.00	0.00	2.19	(3.08)	6.79
SBFAX	0.77	0.00	0.00	0.00	1.15	(0.80)	1.69	(1.92)	5.22
GCFSX	0.76	0.06	0.05	(0.50)	1.00	(0.79)	1.80	(2.41)	4.68

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