Large Pany Correlations

Mutual Funds . USA . 
Fund . Large Pany Growth
WLCGX Fund  USD 59.56  0.69  1.15%   
The current 90-days correlation between Large Pany Growth and American Funds The is 0.93 (i.e., Almost no diversification). The correlation of Large Pany 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.

Large Pany Correlation With Market

Significant diversification

The correlation between Large Pany Growth and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Pany Growth 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 Large Pany Growth. 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 price.

Moving together with Large Mutual Fund

  0.92WSMGX Small Pany GrowthPairCorr
  0.91WSMVX Small Pany ValuePairCorr
  0.96WFIVX Wilshire 5000 IndexPairCorr
  0.96WINDX Wilshire 5000 IndexPairCorr
  0.94WLCVX Large Pany ValuePairCorr
  0.97DTLGX Wilshire LargePairCorr
  0.9DTLVX Large Pany ValuePairCorr
  0.87DTSVX Small Pany ValuePairCorr
  0.92DTSGX Small Pany GrowthPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.97GFAFX Growth FundPairCorr
  0.97AGTHX Growth FundPairCorr
  0.97CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.97CGFEX Growth FundPairCorr
  0.97RGAEX Growth FundPairCorr
  0.66IVHIX Ivy High IncomePairCorr
  0.75AMECX Income FundPairCorr
  0.81ACP Aberdeen Income CreditPairCorr
  0.95ELFNX Elfun Trusts ElfunPairCorr
  0.84AA Alcoa Corp Fiscal Year End 15th of January 2025 PairCorr

Moving against Large Mutual Fund

  0.61CIFRX Columbia Porate IncomePairCorr
  0.55WIORX Wilshire Income OpportPairCorr
  0.54WIOPX Wilshire Income OpportPairCorr
  0.54LIIAX Columbia Porate IncomePairCorr
  0.44SRINX Columbia Porate IncomePairCorr
  0.39WLTTX Wilshire InternationalPairCorr
  0.34WLCTX Wilshire InternationalPairCorr
  0.87JNJ Johnson Johnson Fiscal Year End 28th of January 2025 PairCorr
  0.82PFE Pfizer Inc Fiscal Year End 4th of February 2025 PairCorr
  0.77MRK Merck Company Fiscal Year End 6th of February 2025 PairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large Pany 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 Large Pany'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FAFGX  0.60  0.23  0.14  4.89  0.47 
(0.68)
 1.34 
(1.17)
 4.41 
FFAFX  0.60  0.23  0.14  5.06  0.47 
(0.68)
 1.34 
(1.17)
 4.41 
GFACX  0.60  0.22  0.14  4.93  0.48 
(0.68)
 1.33 
(1.16)
 4.41 
GFAFX  0.59  0.11  0.12  0.25  0.50 
(0.67)
 1.34 
(1.18)
 4.42 
AGTHX  0.59  0.11  0.12  0.25  0.50 
(0.67)
 1.34 
(1.17)
 4.40 
CGFFX  0.59  0.11  0.12  0.25  0.48 
(0.67)
 1.34 
(1.18)
 4.41 
CGFCX  0.60  0.22  0.14  4.98  0.48 
(0.68)
 1.34 
(1.17)
 4.41 
CGFAX  0.60  0.23  0.14  4.93  0.48 
(0.68)
 1.35 
(1.18)
 4.40 
CGFEX  0.59  0.11  0.12  0.25  0.50 
(0.67)
 1.34 
(1.17)
 4.40 
RGAEX  0.59  0.11  0.12  0.25  0.50 
(0.67)
 1.34 
(1.17)
 4.39 

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