Large Company Correlations

WLCVX Fund

USD 21.03 0.05 0.24%

The current 90-days correlation between Large Pany Value and Shelton Emerging Markets is -0.01 (i.e., Good diversification). The correlation of Large Company 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 Company Correlation With Market

Good diversification

The correlation between Large Pany Value and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Large Pany Value 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 Value. 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 Large Mutual Fund

0.62	WSMGX	Small Pany Growth	Pair Corr
0.81	WSMVX	Small Pany Value	Pair Corr
0.76	WFIVX	Wilshire 5000 Index	Pair Corr
0.77	WINDX	Wilshire 5000 Index	Pair Corr
0.77	WLCGX	Large Pany Growth	Pair Corr
0.81	DTSVX	Small Pany Value	Pair Corr
0.61	DTSGX	Small Pany Growth	Pair Corr
0.63	DODGX	Dodge Stock Fund	Pair Corr
0.92	DGOYX	Davis Opportunity	Pair Corr

Related Correlations Analysis

	EMSLX	SEDAX	CMNIX	ZEMIX	BXECX
EMSLX		0.65	0.27	0.96	0.75	EMSLX
SEDAX	0.65		0.79	0.71	0.84	SEDAX
CMNIX	0.27	0.79		0.32	0.45	CMNIX
ZEMIX	0.96	0.71	0.32		0.83	ZEMIX
BXECX	0.75	0.84	0.45	0.83		BXECX
	EMSLX	SEDAX	CMNIX	ZEMIX	BXECX

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Risk-Adjusted Indicators

There is a big difference between Large Mutual Fund performing well and Large Company 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 Company'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
EMSLX	0.75	0.11	0.19	0.60	0.90	(0.75)	2.02	(1.36)	4.76
SEDAX	0.24	0.03	0.37	0.31	0.18	(0.33)	0.59	(0.36)	1.19
CMNIX	0.11	0.02	0.61	0.05	0.05	(0.14)	0.27	(0.26)	0.80
ZEMIX	0.77	0.15	0.19	0.29	0.87	(0.86)	1.78	(1.93)	5.50
BXECX	0.19	0.06	0.64	1.73	0.00	(0.32)	0.69	(0.27)	1.21

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Large Company Correlations

Large Company Correlation With Market

Good diversification

Moving together with Large Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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