Ultimus Managers Correlations

WWMCX Fund

USD 11.13 0.08 0.71%

The correlation of Ultimus Managers 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.

Ultimus Managers Correlation With Market

Significant diversification

The correlation between Ultimus Managers Trust and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ultimus Managers Trust 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 Ultimus Managers Trust. 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 main economic indicators.

Moving together with Ultimus Mutual Fund

0.9	WWLAX	Westwood Largecap Value	Pair Corr
0.89	WWSMX	Westwood Quality Smidcap	Pair Corr
0.96	WWSYX	Westwood Quality Smallcap	Pair Corr
0.96	WHGSX	Westwood Smallcap Value	Pair Corr
0.98	WHGCX	Westwood Quality Smallcap	Pair Corr
0.98	WHGAX	Westwood Quality Smallcap	Pair Corr
0.9	WHGMX	Westwood Smidcap	Pair Corr
0.9	WHGLX	Westwood Largecap Value	Pair Corr
0.9	WQAIX	Westwood Quality Allcap	Pair Corr
0.9	WQAUX	Westwood Quality Allcap	Pair Corr
0.9	FLPKX	Fidelity Low Priced	Pair Corr
0.87	FLPSX	Fidelity Low Priced	Pair Corr
0.91	VMVAX	Vanguard Mid Cap	Pair Corr
0.88	JVMAX	John Hancock Disciplined	Pair Corr
0.92	JVMIX	John Hancock Disciplined	Pair Corr
0.91	VMVIX	Vanguard Mid Cap	Pair Corr
0.94	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVYX	Jpmorgan Mid Cap	Pair Corr

Moving against Ultimus Mutual Fund

0.65	WWACX	Westwood Alternative	Pair Corr
0.41	WWHCX	Westwood High Income	Pair Corr
0.36	WMNIX	Westwood Market Neutral	Pair Corr
0.35	WMNUX	Westwood Market Neutral	Pair Corr
0.35	WMNAX	Westwood Alternative	Pair Corr
0.67	PSSCX	Pimco Stocksplus	Pair Corr
0.44	AGVRX	Invesco Government	Pair Corr
0.36	UASBX	Short Term Bond	Pair Corr

Related Correlations Analysis

	WHYUX	WSCIX	WSDAX	WSGCX	WTOCX	WLVIX	WMLPX	WMNUX	WMNAX
WHYUX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	WHYUX
WSCIX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	WSCIX
WSDAX	0.0	0.0		0.0	0.0	0.0	0.0	0.64	0.64	WSDAX
WSGCX	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	WSGCX
WTOCX	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	WTOCX
WLVIX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	WLVIX
WMLPX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	WMLPX
WMNUX	0.0	0.0	0.64	0.0	0.0	0.0	0.0		1.0	WMNUX
WMNAX	0.0	0.0	0.64	0.0	0.0	0.0	0.0	1.0		WMNAX
	WHYUX	WSCIX	WSDAX	WSGCX	WTOCX	WLVIX	WMLPX	WMNUX	WMNAX

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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

WMNAX	+ 1.0	WMNUX
WMNUX	+ 0.64	WSDAX
WMNAX	+ 0.64	WSDAX
WSCIX	+ 0.0	WHYUX
WSDAX	+ 0.0	WHYUX
WSGCX	+ 0.0	WHYUX

High negative correlations

WMNAX	- 0.0	WMLPX
WMNUX	- 0.0	WMLPX
WMNAX	- 0.0	WLVIX
WMNUX	- 0.0	WLVIX
WMLPX	- 0.0	WLVIX
WMNAX	- 0.0	WTOCX

Risk-Adjusted Indicators

There is a big difference between Ultimus Mutual Fund performing well and Ultimus Managers 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 Ultimus Managers' 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
WHYUX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WSCIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WSDAX	0.24	0.02	0.09	0.06	0.27	(0.28)	0.60	(0.50)	1.70
WSGCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WTOCX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WLVIX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WMLPX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
WMNUX	0.08	0.02	0.34	0.39	0.00	(0.13)	0.21	(0.10)	0.41
WMNAX	0.07	0.02	0.27	0.38	0.00	(0.12)	0.21	(0.10)	0.41

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