Westcore Colorado Correlations
| WTCOX Fund | USD 10.54 0.02 0.19% |
The current 90-days correlation between Westcore Orado Tax and Segall Bryant Hamill is -0.32 (i.e., Very good diversification). The correlation of Westcore Colorado 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.
Westcore Colorado Correlation With Market
Very good diversification
The correlation between Westcore Orado Tax Exempt and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Orado Tax Exempt and DJI in the same portfolio, assuming nothing else is changed.
Westcore |
Moving together with Westcore Mutual Fund
| 0.71 | WTIBX | Westcore Plus Bond | PairCorr |
| 0.95 | WTTAX | Westcore Municipal | PairCorr |
| 0.99 | WICOX | Westcore Orado Tax | PairCorr |
| 0.71 | WIIBX | Westcore Plus Bond | PairCorr |
| 0.95 | WITAX | Westcore Municipal | PairCorr |
| 0.96 | KYTFX | Kentucky Tax Free | PairCorr |
| 0.92 | UVABX | Virginia Bond | PairCorr |
| 0.95 | HULYX | Hawaiian Tax Free | PairCorr |
| 0.96 | HULFX | Hawaiian Tax Free | PairCorr |
| 0.97 | ORTYX | Aquila Tax Free | PairCorr |
| 0.91 | UVAIX | Usaa Virginia Bond | PairCorr |
| 0.91 | USVAX | Virginia Bond | PairCorr |
| 0.95 | HULAX | Hawaiian Tax Free | PairCorr |
| 0.72 | GPBFX | Gmo E Plus | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Westcore Mutual Fund performing well and Westcore Colorado 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 Westcore Colorado'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBASX | 0.82 | (0.04) | 0.00 | 0.10 | 0.96 | 1.81 | 6.91 | |||
| SBAPX | 0.06 | 0.00 | (0.90) | (0.57) | 0.00 | 0.10 | 0.49 | |||
| SBEMX | 0.63 | (0.06) | 0.00 | (0.08) | 0.00 | 1.56 | 4.57 | |||
| SBHAX | 0.56 | (0.02) | (0.05) | 0.11 | 0.67 | 1.04 | 3.54 | |||
| SBHCX | 0.81 | (0.04) | 0.00 | 0.10 | 0.94 | 1.82 | 6.95 | |||
| SBHEX | 0.63 | (0.07) | 0.00 | (0.08) | 0.00 | 1.57 | 4.59 | |||
| SBHPX | 0.06 | 0.00 | (0.97) | 0.23 | 0.00 | 0.10 | 0.49 | |||
| SBHSX | 0.62 | (0.10) | 0.00 | (0.13) | 0.00 | 1.40 | 3.97 | |||
| SBHVX | 0.95 | (0.04) | 0.02 | 0.10 | 0.91 | 2.00 | 8.07 | |||
| SBRVX | 0.95 | (0.04) | 0.02 | 0.10 | 0.91 | 2.00 | 8.09 |