Westcore Plus Correlations

WTIBX Fund

USD 9.44 0.01 0.11%

The current 90-days correlation between Westcore Plus Bond and Large Cap Fund is 0.1 (i.e., Average diversification). The correlation of Westcore Plus 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 Plus Correlation With Market

Significant diversification

The correlation between Westcore Plus Bond and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Plus Bond 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 Westcore Plus Bond. 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 bureau of labor statistics.

Moving together with Westcore Mutual Fund

0.92	SBAPX	Segall Bryant Hamill	Pair Corr
0.68	SBEMX	Segall Bryant Hamill	Pair Corr
0.67	SBHEX	Segall Bryant Hamill	Pair Corr
0.91	SBHPX	Segall Bryant Hamill	Pair Corr
0.89	SBHSX	Segall Bryant Hamill	Pair Corr
0.89	SBSIX	Segall Bryant Hamill	Pair Corr
0.89	WTCOX	Westcore Orado Tax	Pair Corr
0.89	WTLTX	Westcore Flexible Income	Pair Corr
0.95	WTTAX	Westcore Municipal	Pair Corr
0.9	CIEQX	Segall Bryant Hamll	Pair Corr
0.9	CIQRX	Segall Bryant Hamll	Pair Corr
0.91	WICOX	Westcore Orado Tax	Pair Corr
1.0	WIIBX	Westcore Plus Bond	Pair Corr
0.88	WILTX	Westcore Flexible Income	Pair Corr
0.96	WITAX	Westcore Municipal	Pair Corr
0.99	MWTNX	Metropolitan West Total	Pair Corr
0.99	MWTSX	Metropolitan West Total	Pair Corr
0.99	PTTPX	Pimco Total Return	Pair Corr
0.99	PTRRX	Total Return	Pair Corr
0.99	PTRAX	Total Return	Pair Corr
0.99	PTTRX	Total Return	Pair Corr
0.99	FIWGX	Strategic Advisers	Pair Corr
1.0	DODIX	Dodge Income	Pair Corr
0.99	MWTIX	Metropolitan West Total	Pair Corr
0.99	MWTRX	Metropolitan West Total	Pair Corr
0.87	UGPIX	Ultrachina Profund	Pair Corr
0.87	UGPSX	Ultrachina Profund	Pair Corr
0.76	PMPIX	Precious Metals Ultr	Pair Corr

Moving against Westcore Mutual Fund

0.74	WTSGX	Westcore Small Cap	Pair Corr
0.65	SBASX	Segall Bryant Hamill	Pair Corr
0.65	SBHCX	Segall Bryant Hamill	Pair Corr
0.59	SBHAX	Segall Bryant Hamill	Pair Corr
0.59	SBHVX	Segall Bryant Hamill	Pair Corr
0.59	SBRVX	Segall Bryant Hamill	Pair Corr
0.59	SBRAX	Segall Bryant Hamill	Pair Corr
0.39	WTMVX	Westcore Global Large	Pair Corr
0.73	WISGX	Westcore Small Cap	Pair Corr
0.39	WIMVX	Westcore Global Large	Pair Corr
0.37	CISGX	Touchstone Sands Capital	Pair Corr

Related Correlations Analysis

	FMIHX	GLRBX	BJBHX	LSBRX	FMIEX
FMIHX		0.4	0.02	-0.08	-0.17	FMIHX
GLRBX	0.4		0.4	-0.09	-0.04	GLRBX
BJBHX	0.02	0.4		0.81	0.83	BJBHX
LSBRX	-0.08	-0.09	0.81		0.94	LSBRX
FMIEX	-0.17	-0.04	0.83	0.94		FMIEX
	FMIHX	GLRBX	BJBHX	LSBRX	FMIEX

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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

FMIEX	+ 0.94	LSBRX
FMIEX	+ 0.83	BJBHX
LSBRX	+ 0.81	BJBHX
GLRBX	+ 0.4	FMIHX
BJBHX	+ 0.4	GLRBX
BJBHX	+ 0.02	FMIHX

High negative correlations

FMIEX	- 0.17	FMIHX
LSBRX	- 0.09	GLRBX
LSBRX	- 0.08	FMIHX
FMIEX	- 0.04	GLRBX

Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Plus 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 Plus' 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
FMIHX	0.85	(0.20)	0.00	(0.35)	0.00	0.00	1.24	(1.44)	10.12
GLRBX	0.43	(0.02)	0.00	(0.10)	0.00	0.00	0.75	(0.84)	2.30
BJBHX	0.14	0.00	0.18	(0.07)	0.20	(0.18)	0.26	(0.39)	1.04
LSBRX	0.17	0.02	0.38	0.22	0.09	(0.22)	0.34	(0.34)	1.12
FMIEX	0.52	0.13	0.23	0.24	0.52	(0.60)	1.13	(1.08)	2.92

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