Wabmsx Correlations

WABMSX Fund

18.61 0.16 0.85%

The current 90-days correlation between Wabmsx and Elfun Diversified Fund is 0.93 (i.e., Almost no diversification). The correlation of Wabmsx 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.

Wabmsx Correlation With Market

Very poor diversification

The correlation between Wabmsx and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wabmsx 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 Wabmsx. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in inflation.

Moving together with Wabmsx Fund

0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.77	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VTIAX	Vanguard Total Inter	Pair Corr
0.77	VFINX	Vanguard 500 Index	Pair Corr
0.97	VFFSX	Vanguard 500 Index	Pair Corr
0.8	FCTKX	Fidelity Freedom 2055	Pair Corr
0.66	CRF	Cornerstone Total Return	Pair Corr
0.7	PIODX	Pioneer Fund Pioneer	Pair Corr
0.67	AA	Alcoa Corp	Pair Corr

Moving against Wabmsx Fund

0.44	T	ATT Inc	Pair Corr
0.38	PG	Procter Gamble	Pair Corr
0.34	VZ	Verizon Communications	Pair Corr

Related Correlations Analysis

	ELDFX	WDIAX	BICPX	MNDWX	HCVYX
ELDFX		0.82	0.94	0.66	0.97	ELDFX
WDIAX	0.82		0.77	0.64	0.84	WDIAX
BICPX	0.94	0.77		0.79	0.94	BICPX
MNDWX	0.66	0.64	0.79		0.67	MNDWX
HCVYX	0.97	0.84	0.94	0.67		HCVYX
	ELDFX	WDIAX	BICPX	MNDWX	HCVYX

Risk-Adjusted Indicators

There is a big difference between Wabmsx Fund performing well and Wabmsx 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 Wabmsx'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
ELDFX	0.35	(0.01)	(0.07)	0.05	0.50	(0.35)	0.77	(0.76)	2.07
WDIAX	0.49	0.00	(0.03)	0.07	0.50	(0.62)	1.01	(0.99)	2.39
BICPX	0.18	(0.01)	(0.21)	0.03	0.17	(0.23)	0.42	(0.41)	1.16
MNDWX	0.06	0.00	(0.39)	0.43	0.00	(0.10)	0.10	(0.10)	0.38
HCVYX	0.21	(0.01)	(0.16)	0.03	0.22	(0.26)	0.49	(0.41)	1.23

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