Wpg Partners Correlations

WPGTX Fund

USD 18.57 0.37 2.03%

The current 90-days correlation between Wpg Partners Smallmicro and Franklin Emerging Market is -0.08 (i.e., Good diversification). The correlation of Wpg Partners 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.

Wpg Partners Correlation With Market

Poor diversification

The correlation between Wpg Partners Smallmicro and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wpg Partners Smallmicro 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 Wpg Partners Smallmicro. 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 estimate.

Moving together with WPG Mutual Fund

0.77	WPGHX	Wpg Partners Select	Pair Corr
0.97	WPGSX	Rbb Fund	Pair Corr
0.93	BPSIX	Boston Partners Small	Pair Corr
0.94	BPSCX	Boston Partners Small	Pair Corr
0.97	VSIIX	Vanguard Small Cap	Pair Corr
0.97	VISVX	Vanguard Small Cap	Pair Corr
0.99	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.96	UBVCX	Undiscovered Managers	Pair Corr
0.96	UBVAX	Undiscovered Managers	Pair Corr
0.89	UBVSX	Undiscovered Managers	Pair Corr
0.88	AVFIX	American Beacon Small	Pair Corr

Moving against WPG Mutual Fund

0.6	BPGIX	Boston Partners Global	Pair Corr
0.58	BPGSX	Rbb Fund	Pair Corr
0.48	OPTCX	Rbb Fund	Pair Corr
0.41	BELSX	Boston Partners Emerging	Pair Corr
0.75	JADKX	John Hancock Variable	Pair Corr
0.68	FIAIX	Fidelity Advisor Sus	Pair Corr
0.67	VDMCX	Virtus Kar Developing	Pair Corr
0.66	CCWFX	Capital World Bond	Pair Corr
0.64	SWRSX	Schwab Treasury Inflation	Pair Corr
0.63	BTMKX	Blackrock International	Pair Corr
0.58	BTMPX	Ishares Msci Eafe	Pair Corr
0.58	MDIIX	Blackrock Intern Index	Pair Corr
0.44	GMOEX	Gmo Emerging Markets	Pair Corr
0.39	FGOMX	Strategic Advisers	Pair Corr
0.31	NVG	Nuveen Amt Free	Pair Corr

Related Correlations Analysis

	FEMDX	ZEMIX	TEOJX	CBHAX	AMTOX	IGIEX
FEMDX		0.85	0.81	0.67	0.83	0.93	FEMDX
ZEMIX	0.85		0.92	0.73	0.75	0.83	ZEMIX
TEOJX	0.81	0.92		0.8	0.62	0.81	TEOJX
CBHAX	0.67	0.73	0.8		0.49	0.61	CBHAX
AMTOX	0.83	0.75	0.62	0.49		0.63	AMTOX
IGIEX	0.93	0.83	0.81	0.61	0.63		IGIEX
	FEMDX	ZEMIX	TEOJX	CBHAX	AMTOX	IGIEX

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Risk-Adjusted Indicators

There is a big difference between WPG Mutual Fund performing well and Wpg Partners 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 Wpg Partners' 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
FEMDX	0.15	0.02	0.27	2.24	0.00	(0.20)	0.42	(0.26)	1.11
ZEMIX	0.75	0.07	0.09	0.15	0.93	(0.82)	1.70	(1.67)	5.50
TEOJX	0.78	0.08	0.11	1.85	0.92	(0.85)	1.54	(1.53)	5.83
CBHAX	0.19	0.04	0.26	(0.94)	0.00	(0.25)	0.36	(0.36)	1.20
AMTOX	0.49	0.05	0.10	0.09	0.60	(0.56)	1.00	(1.10)	2.56
IGIEX	0.25	0.00	0.09	0.08	0.30	(0.32)	0.72	(0.49)	1.58

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