Wcm Mid Correlations

WMIDX Fund

11.99 0.10 0.84%

The current 90-days correlation between Wcm Mid Cap and John Hancock Financial is 0.52 (i.e., Very weak diversification). The correlation of Wcm Mid 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 Mid Correlation With Market

Very weak diversification

The correlation between Wcm Mid Cap and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wcm Mid 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 Wcm Mid 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 unemployment.

Moving together with Wcm Mutual Fund

0.86	WCMNX	Wcm Small Cap	Pair Corr
0.86	WCMLX	Wcm Small Cap	Pair Corr
0.91	WCMYX	Wcm Quality Dividend	Pair Corr
0.77	WCMRX	Wcm Focused International	Pair Corr
1.0	WCMAX	Wcm Mid Cap	Pair Corr
0.76	WCMIX	Wcm Focused International	Pair Corr
0.97	WCMFX	Wcm Focused Small	Pair Corr
0.91	WQDGX	Wcm Quality Dividend	Pair Corr
0.77	VIMAX	Vanguard Mid Cap	Pair Corr
0.78	VIMSX	Vanguard Mid Cap	Pair Corr
0.77	VMCPX	Vanguard Mid Cap	Pair Corr
0.77	VMCIX	Vanguard Mid Cap	Pair Corr
0.77	VEXAX	Vanguard Extended Market	Pair Corr
0.77	VEMPX	Vanguard Extended Market	Pair Corr
0.77	VIEIX	Vanguard Extended Market	Pair Corr
0.77	VSEMX	Vanguard Extended Market	Pair Corr
0.77	VEXMX	Vanguard Extended Market	Pair Corr
0.77	FSMAX	Fidelity Extended Market	Pair Corr

Moving against Wcm Mutual Fund

0.32	WCMCX	Wcm China Quality	Pair Corr
0.59	CCD	Calamos Dynamic Conv	Pair Corr
0.48	DLSNX	Doubleline Low Duration	Pair Corr
0.4	PSHIX	Short Term Income	Pair Corr

Related Correlations Analysis

	BTO	IAAEX	MCBXX	FNPIX	FIKBX	MSVIX	XFINX
BTO		0.63	0.0	0.85	0.95	0.76	0.43	BTO
IAAEX	0.63		0.0	0.36	0.75	0.93	0.06	IAAEX
MCBXX	0.0	0.0		0.0	0.0	0.0	0.0	MCBXX
FNPIX	0.85	0.36	0.0		0.86	0.43	0.34	FNPIX
FIKBX	0.95	0.75	0.0	0.86		0.81	0.34	FIKBX
MSVIX	0.76	0.93	0.0	0.43	0.81		0.23	MSVIX
XFINX	0.43	0.06	0.0	0.34	0.34	0.23		XFINX
	BTO	IAAEX	MCBXX	FNPIX	FIKBX	MSVIX	XFINX

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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

FIKBX	+ 0.95	BTO
MSVIX	+ 0.93	IAAEX
FIKBX	+ 0.86	FNPIX
FNPIX	+ 0.85	BTO
MSVIX	+ 0.81	FIKBX
MSVIX	+ 0.76	BTO

High negative correlations

XFINX	- 0.0	MCBXX
MSVIX	- 0.0	MCBXX
FIKBX	- 0.0	MCBXX
FNPIX	- 0.0	MCBXX
MCBXX	- 0.0	IAAEX
MCBXX	- 0.0	BTO

Risk-Adjusted Indicators

There is a big difference between Wcm Mutual Fund performing well and Wcm Mid 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 Mid'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
BTO	0.94	(0.06)	0.00	(0.07)	0.00	0.00	2.31	(1.94)	6.94
IAAEX	0.67	(0.11)	0.00	(0.37)	0.00	0.00	1.20	(1.08)	9.17
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FNPIX	1.00	0.00	0.00	0.01	1.45	(1.02)	1.90	(2.35)	6.47
FIKBX	0.70	(0.06)	0.00	(0.07)	0.00	0.00	1.22	(1.66)	4.79
MSVIX	0.84	(0.17)	0.00	(0.21)	0.00	0.00	1.40	(1.53)	12.59
XFINX	0.13	0.00	(0.01)	(0.06)	0.17	(0.17)	0.29	(0.28)	1.14

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