Westcore Flexible Correlations

Mutual Funds . USA . 
Fund . Westcore Flexible Income
WTLTX Fund  USD 8.79  0.01  0.11%   
The current 90-days correlation between Westcore Flexible Income and Westcore Plus Bond is 0.81 (i.e., Very 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 0.31 (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

  0.86SBAPX Segall Bryant HamillPairCorr
  0.79SBEMX Segall Bryant HamillPairCorr
  0.79SBHEX Segall Bryant HamillPairCorr
  0.84SBHPX Segall Bryant HamillPairCorr
  0.91SBHSX Segall Bryant HamillPairCorr
  0.9SBSIX Segall Bryant HamillPairCorr
  0.7WTIBX Westcore Plus BondPairCorr
  0.72WTTAX Westcore MunicipalPairCorr
  0.91CIEQX Segall Bryant HamllPairCorr
  0.91CIQRX Segall Bryant HamllPairCorr
  0.73WIIBX Westcore Plus BondPairCorr
  0.99WILTX Westcore Flexible IncomePairCorr
  0.74WITAX Westcore MunicipalPairCorr
  0.97VWEAX Vanguard High YieldPairCorr
  0.91VWEHX Vanguard High YieldPairCorr
  0.93BHYCX Blackrock Hi YldPairCorr
  0.95BHYIX Blackrock High YieldPairCorr
  0.95BHYSX Blackrock Hi YldPairCorr
  0.94BHYAX Blackrock High YieldPairCorr
  0.95FAHHX American Funds AmericanPairCorr
  0.95FTAHX American Funds AmericanPairCorr
  0.95AHTFX American High IncomePairCorr
  0.95AHTCX American High IncomePairCorr
  0.62VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis

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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.

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