Capital World Related Correlations

WGIFX Fund  USD 64.72  0.37  0.57%   
Generate correlation matrix for Capital World and other related equities to check the degree to which Capital World Growth price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Capital World Growth. To filter out specific equities, please toggle its corresponding legend item. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Capital World Growth. Also, note that the market value of any mutual fund could be tightly coupled with the direction of predictive economic indicators such as signals in census.
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Please note, there is a significant difference between Capital World's value and its price as these two are different measures arrived at by different means. Investors typically determine if Capital World is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Capital World's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

FCWGX
FWCGX
CWGIX
CWGFX
CWGCX
RWIFX
CWICX
RWIAX
CWIAX
WGIFX
FCWGX
1.01.01.01.01.01.01.01.01.0
FCWGX
FWCGX
1.01.01.01.01.01.01.01.01.0
FWCGX
CWGIX
1.01.01.01.01.01.01.01.01.0
CWGIX
CWGFX
1.01.01.01.01.01.01.01.01.0
CWGFX
CWGCX
1.01.01.01.01.01.01.01.01.0
CWGCX
RWIFX
1.01.01.01.01.01.01.01.01.0
RWIFX
CWICX
1.01.01.01.01.01.01.01.01.0
CWICX
RWIAX
1.01.01.01.01.01.01.01.01.0
RWIAX
CWIAX
1.01.01.01.01.01.01.01.01.0
CWIAX
WGIFX
1.01.01.01.01.01.01.01.01.0
WGIFX
FCWGX
FWCGX
CWGIX
CWGFX
CWGCX
RWIFX
CWICX
RWIAX
CWIAX
WGIFX
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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital World 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 Capital World'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
FCWGX  0.47  0.01  0.00  0.13  0.29 
 1.03 
 2.52 
FWCGX  0.47  0.01  0.00  0.13  0.29 
 1.01 
 2.52 
CWGIX  0.48  0.00  0.00  0.13  0.31 
 1.03 
 2.53 
CWGFX  0.48  0.00  0.00  0.13  0.31 
 1.02 
 2.52 
CWGCX  0.47  0.00 (0.01) 0.13  0.31 
 1.02 
 2.52 
RWIFX  0.48  0.00  0.00  0.13  0.32 
 1.01 
 2.58 
CWICX  0.47  0.00 (0.01) 0.13  0.31 
 1.03 
 2.50 
RWIAX  0.47  0.00 (0.01) 0.13  0.30 
 1.02 
 2.53 
CWIAX  0.48  0.00  0.00  0.13  0.31 
 1.03 
 2.53 
WGIFX  0.48  0.00  0.00  0.13  0.30 
 1.03 
 2.58