Walthausen Small Correlations

WSCVX Fund

USD 13.66 0.17 1.23%

The current 90-days correlation between Walthausen Small Cap and Amg Southernsun Small is 0.74 (i.e., Poor diversification). The correlation of Walthausen Small 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.

Walthausen Small Correlation With Market

Poor diversification

The correlation between Walthausen Small Cap and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walthausen Small 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 Walthausen Small 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 real.

Moving together with Walthausen Mutual Fund

1.0	WFICX	Walthausen Small Cap	Pair Corr
0.96	VSMAX	Vanguard Small Cap	Pair Corr
0.96	VSCIX	Vanguard Small Cap	Pair Corr
0.96	VSCPX	Vanguard Small Cap	Pair Corr
0.96	NAESX	Vanguard Small Cap	Pair Corr
0.97	FSSNX	Fidelity Small Cap	Pair Corr
0.97	DFSTX	Us Small Cap	Pair Corr
0.97	PASVX	T Rowe Price	Pair Corr
0.97	PRVIX	T Rowe Price	Pair Corr
0.97	TRZVX	T Rowe Price	Pair Corr
0.97	PRSVX	T Rowe Price	Pair Corr
0.81	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Walthausen Mutual Fund

0.71	PSDNX	Putnam Ultra Short	Pair Corr
0.68	VTAPX	Vanguard Short Term	Pair Corr
0.63	UGPIX	Ultrachina Profund	Pair Corr
0.63	UGPSX	Ultrachina Profund	Pair Corr
0.61	EPDPX	Europac International	Pair Corr
0.56	VMLTX	Vanguard Limited Term	Pair Corr
0.56	DLDFX	Destinations Low Duration	Pair Corr
0.55	GIOIX	Guggenheim Macro Opp	Pair Corr
0.55	VICSX	Vanguard Intermediate-ter	Pair Corr
0.52	FFLQX	Franklin Federal Lim	Pair Corr
0.49	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.31	EBSIX	Campbell Systematic Macro	Pair Corr
0.31	FQITX	Fidelity Salem Street	Pair Corr
0.74	GF	New Germany Closed	Pair Corr
0.72	VSGDX	Vanguard Short Term	Pair Corr
0.67	MFAAX	American Funds Mortgage	Pair Corr
0.66	BISMX	Brandes International	Pair Corr
0.64	ARBOX	Absolute Convertible	Pair Corr
0.64	LIRRX	Lord Abbett International	Pair Corr
0.63	ABNOX	Ab Bond Inflation	Pair Corr
0.61	USGDX	Morgan Stanley Government	Pair Corr
0.59	EMBAX	Unconstrained Emerging	Pair Corr
0.59	HRBDX	Harbor Bond Fund	Pair Corr

Related Correlations Analysis

	SSSFX	WAEMX	HDPSX	ICMAX	BUFOX
SSSFX		0.77	0.83	0.0	0.83	SSSFX
WAEMX	0.77		0.8	0.0	0.79	WAEMX
HDPSX	0.83	0.8		0.0	0.98	HDPSX
ICMAX	0.0	0.0	0.0		0.0	ICMAX
BUFOX	0.83	0.79	0.98	0.0		BUFOX
	SSSFX	WAEMX	HDPSX	ICMAX	BUFOX

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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

BUFOX	+ 0.98	HDPSX
HDPSX	+ 0.83	SSSFX
BUFOX	+ 0.83	SSSFX
HDPSX	+ 0.8	WAEMX
BUFOX	+ 0.79	WAEMX
WAEMX	+ 0.77	SSSFX

High negative correlations

BUFOX	- 0.0	ICMAX
ICMAX	- 0.0	HDPSX
ICMAX	- 0.0	WAEMX
ICMAX	- 0.0	SSSFX

Risk-Adjusted Indicators

There is a big difference between Walthausen Mutual Fund performing well and Walthausen Small 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 Walthausen Small'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
SSSFX	1.13	(0.39)	(0.51)	1.38	(2.49)	15.61
WAEMX	0.73	(0.10)	(0.28)	1.12	(2.17)	5.50
HDPSX	1.11	(0.16)	(0.21)	1.61	(3.32)	5.39
ICMAX	0.00	0.00	0.00	0.00	0.00	0.00
BUFOX	0.82	(0.13)	(0.22)	1.58	(2.12)	4.39

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