Westcore Small-cap Correlations

WTSGX Fund

USD 19.77 0.07 0.35%

The correlation of Westcore Small-cap 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 Small-cap Correlation With Market

Poor diversification

The correlation between Westcore Small Cap Growth and DJI is 0.7 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Small Cap Growth 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 Small Cap Growth. 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 price.

Moving together with Westcore Mutual Fund

0.94	SBASX	Segall Bryant Hamill	Pair Corr
0.97	SBHAX	Segall Bryant Hamill	Pair Corr
0.96	SBHVX	Segall Bryant Hamill	Pair Corr
0.91	SBRVX	Segall Bryant Hamill	Pair Corr
0.92	SBRAX	Segall Bryant Hamill	Pair Corr
0.87	WTMVX	Westcore Global Large	Pair Corr
0.87	WIMVX	Westcore Global Large	Pair Corr
0.97	WISGX	Westcore Small Cap	Pair Corr
0.94	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.94	VEXPX	Vanguard Explorer	Pair Corr
0.94	VEXRX	Vanguard Explorer	Pair Corr
0.94	JGMIX	Janus Triton	Pair Corr
0.94	JGMRX	Janus Triton	Pair Corr
0.94	JGMAX	Janus Triton	Pair Corr
0.94	JGMCX	Janus Triton	Pair Corr
0.88	JGMNX	Janus Triton	Pair Corr

Moving against Westcore Mutual Fund

0.79	SBHPX	Segall Bryant Hamill	Pair Corr
0.78	SBAPX	Segall Bryant Hamill	Pair Corr
0.78	WTIBX	Westcore Plus Bond	Pair Corr
0.77	SBHSX	Segall Bryant Hamill	Pair Corr
0.77	SBSIX	Segall Bryant Hamill	Pair Corr
0.67	WTTAX	Westcore Municipal	Pair Corr
0.59	WTCOX	Westcore Orado Tax	Pair Corr
0.57	WTLTX	Westcore Flexible Income	Pair Corr
0.46	SBEMX	Segall Bryant Hamill	Pair Corr
0.45	SBHEX	Segall Bryant Hamill	Pair Corr
0.79	CIEQX	Segall Bryant Hamll	Pair Corr
0.79	CIQRX	Segall Bryant Hamll	Pair Corr
0.76	WIIBX	Westcore Plus Bond	Pair Corr
0.71	WITAX	Westcore Municipal	Pair Corr
0.59	WICOX	Westcore Orado Tax	Pair Corr
0.59	WILTX	Westcore Flexible Income	Pair Corr
0.83	CIHCX	Cullen International High	Pair Corr
0.81	USGDX	Morgan Stanley Government	Pair Corr
0.77	HRBDX	Harbor Bond Fund	Pair Corr
0.77	ABNOX	Ab Bond Inflation	Pair Corr
0.75	EMBAX	Unconstrained Emerging	Pair Corr
0.74	ARBOX	Absolute Convertible	Pair Corr

Related Correlations Analysis

	WTIFX	DVSMX	PWJZX	QUASX	BIAWX
WTIFX		0.0	0.0	0.0	0.0	WTIFX
DVSMX	0.0		-0.15	0.98	0.96	DVSMX
PWJZX	0.0	-0.15		-0.02	0.05	PWJZX
QUASX	0.0	0.98	-0.02		0.98	QUASX
BIAWX	0.0	0.96	0.05	0.98		BIAWX
	WTIFX	DVSMX	PWJZX	QUASX	BIAWX

Click cells to compare fundamentals

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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

QUASX	+ 0.98	DVSMX
BIAWX	+ 0.98	QUASX
BIAWX	+ 0.96	DVSMX
BIAWX	+ 0.05	PWJZX
DVSMX	+ 0.0	WTIFX
PWJZX	+ 0.0	WTIFX

High negative correlations

PWJZX	- 0.15	DVSMX
QUASX	- 0.02	PWJZX
BIAWX	- 0.0	WTIFX
QUASX	- 0.0	WTIFX
PWJZX	- 0.0	WTIFX
DVSMX	- 0.0	WTIFX

Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Small-cap 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 Small-cap'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
WTIFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DVSMX	1.42	(0.25)	0.00	(0.19)	0.00	0.00	2.25	(3.68)	8.14
PWJZX	0.95	0.02	0.01	(0.12)	1.46	(0.90)	1.81	(2.35)	5.86
QUASX	1.30	(0.20)	0.00	(0.14)	0.00	0.00	2.30	(3.49)	6.71
BIAWX	1.04	(0.14)	0.00	(0.12)	0.00	0.00	1.87	(2.79)	5.40

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