Wanger International Correlations

WSCAX Fund

USD 18.83 0.09 0.48%

The current 90-days correlation between Wanger International and Bbh Intermediate Municipal is 0.18 (i.e., Average diversification). The correlation of Wanger International 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.

Wanger International Correlation With Market

Very weak diversification

The correlation between Wanger International Wanger and DJI is 0.4 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wanger International Wanger 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 Wanger International Wanger. 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 nation.

Moving together with Wanger Mutual Fund

0.91	VGTSX	Vanguard Total Inter	Pair Corr
0.91	VTIAX	Vanguard Total Inter	Pair Corr
0.75	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.86	PFE	Pfizer Inc Buyout Trend	Pair Corr
0.93	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.69	MMM	3M Company Fiscal Year End 28th of January 2025	Pair Corr
0.66	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr
0.91	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Moving against Wanger Mutual Fund

0.84	MEGIX	Msvif Growth Port Steady Growth	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VFINX	Vanguard 500 Index	Pair Corr
0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.79	VTSMX	Vanguard Total Stock	Pair Corr
0.79	VSTSX	Vanguard Total Stock	Pair Corr
0.79	VSMPX	Vanguard Total Stock	Pair Corr
0.78	VFFSX	Vanguard 500 Index	Pair Corr
0.75	BSDAX	Blackrock Smid Cap	Pair Corr
0.74	ELFNX	Elfun Trusts Elfun	Pair Corr
0.64	CGSAX	Columbia Growth 529	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr
0.79	DIS	Walt Disney	Pair Corr
0.78	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.76	WMT	Walmart Aggressive Push	Pair Corr
0.76	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.67	AA	Alcoa Corp Sell-off Trend	Pair Corr
0.43	HD	Home Depot	Pair Corr
0.36	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	BBINX	PHDTX	PRFHX	DHGCX	MSTBX	ANAGX	AGRXX
BBINX		0.4	0.94	0.83	0.65	0.79	0.0	BBINX
PHDTX	0.4		0.26	0.11	-0.25	-0.11	0.0	PHDTX
PRFHX	0.94	0.26		0.74	0.66	0.77	0.0	PRFHX
DHGCX	0.83	0.11	0.74		0.87	0.92	0.0	DHGCX
MSTBX	0.65	-0.25	0.66	0.87		0.92	0.0	MSTBX
ANAGX	0.79	-0.11	0.77	0.92	0.92		0.0	ANAGX
AGRXX	0.0	0.0	0.0	0.0	0.0	0.0		AGRXX
	BBINX	PHDTX	PRFHX	DHGCX	MSTBX	ANAGX	AGRXX

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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

PRFHX	+ 0.94	BBINX
ANAGX	+ 0.92	DHGCX
ANAGX	+ 0.92	MSTBX
MSTBX	+ 0.87	DHGCX
DHGCX	+ 0.83	BBINX
ANAGX	+ 0.79	BBINX

High negative correlations

MSTBX	- 0.25	PHDTX
ANAGX	- 0.11	PHDTX
AGRXX	- 0.0	ANAGX
AGRXX	- 0.0	MSTBX
AGRXX	- 0.0	DHGCX
AGRXX	- 0.0	PRFHX

Risk-Adjusted Indicators

There is a big difference between Wanger Mutual Fund performing well and Wanger International 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 Wanger International'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BBINX	0.13	(0.01)	0.00	0.26	0.00	0.29	(0.29)	1.07
PHDTX	0.09	0.01	(0.28)	0.23	(0.14)	0.22	(0.22)	0.56
PRFHX	0.16	(0.02)	0.00	0.27	0.00	0.44	(0.44)	1.61
DHGCX	0.15	(0.03)	0.00	(0.71)	0.00	0.31	(0.25)	0.96
MSTBX	0.09	(0.02)	0.00	(1.43)	0.00	0.20	(0.21)	0.72
ANAGX	0.17	(0.04)	0.00	(9.50)	0.00	0.29	(0.29)	1.01
AGRXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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