Westcore Flexible Correlations

WTLTX Fund

USD 8.79 0.01 0.11%

The current 90-days correlation between Westcore Flexible Income and Westcore Plus Bond is 0.66 (i.e., Poor diversification). The correlation of Westcore Flexible 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 Flexible Correlation With Market

Weak diversification

The correlation between Westcore Flexible Income and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Flexible Income 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 Flexible Income. 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 Westcore Mutual Fund

0.94	SBAPX	Segall Bryant Hamill	Pair Corr
0.75	SBEMX	Segall Bryant Hamill	Pair Corr
0.75	SBHEX	Segall Bryant Hamill	Pair Corr
0.94	SBHPX	Segall Bryant Hamill	Pair Corr
0.88	SBHSX	Segall Bryant Hamill	Pair Corr
0.88	SBSIX	Segall Bryant Hamill	Pair Corr
0.83	WTCOX	Westcore Orado Tax	Pair Corr
0.89	WTIBX	Westcore Plus Bond	Pair Corr
0.92	WTTAX	Westcore Municipal	Pair Corr
0.91	CIEQX	Segall Bryant Hamll	Pair Corr
0.91	CIQRX	Segall Bryant Hamll	Pair Corr
0.85	WICOX	Westcore Orado Tax	Pair Corr
0.9	WIIBX	Westcore Plus Bond	Pair Corr
0.98	WILTX	Westcore Flexible Income	Pair Corr
0.9	WITAX	Westcore Municipal	Pair Corr
0.98	VWEAX	Vanguard High Yield	Pair Corr
0.97	VWEHX	Vanguard High Yield	Pair Corr
0.87	BHYCX	Blackrock Hi Yld	Pair Corr
0.91	BHYIX	Blackrock High Yield	Pair Corr
0.91	BHYSX	Blackrock Hi Yld	Pair Corr
0.9	BHYAX	Blackrock High Yield	Pair Corr
0.95	FAHHX	American Funds American	Pair Corr
0.95	FTAHX	American Funds American	Pair Corr
0.94	AHTFX	American High Income	Pair Corr
0.93	AHTCX	American High Income	Pair Corr
0.82	BRUFX	Bruce Fund Bruce	Pair Corr

Moving against Westcore Mutual Fund

0.57	WTSGX	Westcore Small Cap	Pair Corr
0.45	SBASX	Segall Bryant Hamill	Pair Corr
0.45	SBHCX	Segall Bryant Hamill	Pair Corr
0.38	SBHAX	Segall Bryant Hamill	Pair Corr
0.38	SBHVX	Segall Bryant Hamill	Pair Corr
0.38	SBRVX	Segall Bryant Hamill	Pair Corr
0.37	SBRAX	Segall Bryant Hamill	Pair Corr
0.63	SPGSX	State Street Premier	Pair Corr
0.57	WISGX	Westcore Small Cap	Pair Corr

Related Correlations Analysis

	WTIBX	BUFHX	NHFIX	FHYTX	JAHYX
WTIBX		0.38	0.78	0.58	0.67	WTIBX
BUFHX	0.38		0.82	0.9	0.87	BUFHX
NHFIX	0.78	0.82		0.89	0.92	NHFIX
FHYTX	0.58	0.9	0.89		0.96	FHYTX
JAHYX	0.67	0.87	0.92	0.96		JAHYX
	WTIBX	BUFHX	NHFIX	FHYTX	JAHYX

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Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Flexible 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 Flexible'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
WTIBX	0.25	0.01	0.14	0.35	0.24	(0.30)	0.54	(0.43)	1.42
BUFHX	0.10	0.00	0.15	(0.05)	0.13	(0.12)	0.19	(0.28)	0.94
NHFIX	0.17	0.01	0.15	0.02	0.14	(0.24)	0.33	(0.33)	1.33
FHYTX	0.18	0.00	0.11	(0.03)	0.20	(0.25)	0.32	(0.32)	1.11
JAHYX	0.17	0.00	0.12	(0.03)	0.18	(0.24)	0.55	(0.28)	1.24

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