Westcore Global Correlations

WTMVX Fund

USD 12.31 0.10 0.81%

The current 90-days correlation between Westcore Global Large and Teton Westwood Equity is 0.81 (i.e., Very poor diversification). The correlation of Westcore Global 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 Global Correlation With Market

Very poor diversification

The correlation between Westcore Global Large Cap and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Westcore Global Large Cap 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 Global Large Cap. 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 unemployment.

Moving together with Westcore Mutual Fund

0.93	SBASX	Segall Bryant Hamill	Pair Corr
0.85	SBAPX	Segall Bryant Hamill	Pair Corr
0.94	SBEMX	Segall Bryant Hamill	Pair Corr
0.98	SBHAX	Segall Bryant Hamill	Pair Corr
0.93	SBHCX	Segall Bryant Hamill	Pair Corr
0.94	SBHEX	Segall Bryant Hamill	Pair Corr
0.86	SBHPX	Segall Bryant Hamill	Pair Corr
0.88	SBHSX	Segall Bryant Hamill	Pair Corr
0.9	SBHVX	Segall Bryant Hamill	Pair Corr
0.9	SBRVX	Segall Bryant Hamill	Pair Corr
0.98	SBRAX	Segall Bryant Hamill	Pair Corr
0.88	SBSIX	Segall Bryant Hamill	Pair Corr
0.7	WTCOX	Westcore Orado Tax	Pair Corr
0.83	WTIBX	Westcore Plus Bond	Pair Corr
0.91	WTLTX	Westcore Flexible Income	Pair Corr
0.86	WTSGX	Westcore Small Cap	Pair Corr
0.79	WTTAX	Westcore Municipal	Pair Corr
0.81	CIEQX	Segall Bryant Hamll	Pair Corr
0.81	CIQRX	Segall Bryant Hamll	Pair Corr
0.68	WICOX	Westcore Orado Tax	Pair Corr
0.85	WIIBX	Westcore Plus Bond	Pair Corr
1.0	WIMVX	Westcore Global Large	Pair Corr
0.91	WILTX	Westcore Flexible Income	Pair Corr
0.86	WISGX	Westcore Small Cap	Pair Corr
0.8	WITAX	Westcore Municipal	Pair Corr
0.96	FCWGX	American Funds Capital	Pair Corr
0.96	FWCGX	American Funds Capital	Pair Corr
0.96	CWGIX	Capital World Growth	Pair Corr
0.96	CWGFX	Capital World Growth	Pair Corr
0.96	CWGCX	Capital World Growth	Pair Corr
0.96	RWIFX	Capital World Growth	Pair Corr
0.96	CWICX	Capital World Growth	Pair Corr
0.96	RWIAX	Capital World Growth	Pair Corr
0.96	CWIAX	Capital World Growth	Pair Corr
0.96	WGIFX	Capital World Growth	Pair Corr
0.9	SMPSX	Semiconductor Ultrasector	Pair Corr
0.9	SMPIX	Semiconductor Ultrasector	Pair Corr
0.89	RSNRX	Victory Global Natural	Pair Corr
0.89	RSNYX	Victory Global Natural	Pair Corr

Related Correlations Analysis

	WESWX	WTCOX	WTIBX	WTLTX
WESWX		0.72	0.85	0.93	WESWX
WTCOX	0.72		0.88	0.86	WTCOX
WTIBX	0.85	0.88		0.96	WTIBX
WTLTX	0.93	0.86	0.96		WTLTX
	WESWX	WTCOX	WTIBX	WTLTX

Risk-Adjusted Indicators

There is a big difference between Westcore Mutual Fund performing well and Westcore Global 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 Global'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
WESWX	0.42	0.00	(0.06)	0.11	0.44	(0.45)	0.89	(0.79)	2.14
WTCOX	0.07	0.00	(0.85)	(0.35)	0.00	(0.11)	0.10	(0.10)	0.59
WTIBX	0.21	0.02	(0.33)	0.48	0.00	(0.28)	0.43	(0.32)	1.06
WTLTX	0.09	0.01	(0.48)	0.27	0.00	(0.16)	0.23	(0.11)	0.67

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Westcore Global Correlations

Westcore Global Correlation With Market

Very poor diversification

Moving together with Westcore Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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