William Blair Correlations

BIGIX Fund

USD 27.98 0.23 0.82%

The current 90-days correlation between William Blair Intern and Seafarer Overseas Growth is 0.73 (i.e., Poor diversification). The correlation of William Blair 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.

William Blair Correlation With Market

Very weak diversification

The correlation between William Blair International and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair International and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in William Blair International. 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 gross domestic product.

Moving together with William Mutual Fund

0.88	WBELX	William Blair Emerging	Pair Corr
0.87	WBIIX	William Blair Instit	Pair Corr
0.94	WBIGX	William Blair Intern	Pair Corr
0.88	WBIRX	William Blair Intern	Pair Corr
0.62	WEDIX	William Blair Emerging	Pair Corr
0.63	WEDRX	William Blair Emerging	Pair Corr
0.8	WELIX	William Blair Emerging	Pair Corr
0.8	WELNX	William Blair Emerging	Pair Corr
0.95	WIISX	William Blair Intern	Pair Corr
0.98	WILJX	William Blair Intern	Pair Corr
0.97	WILIX	William Blair Intern	Pair Corr

Moving against William Mutual Fund

0.53	WESNX	William Blair Emerging	Pair Corr
0.51	WESJX	William Blair Emerging	Pair Corr
0.51	BESIX	William Blair Emerging	Pair Corr

Related Correlations Analysis

	SFGIX	JOEAX	FEMDX	SEDAX	PIEFX	SMSDX	APDOX
SFGIX		0.97	0.84	0.88	0.96	0.87	0.8	SFGIX
JOEAX	0.97		0.81	0.85	0.98	0.84	0.78	JOEAX
FEMDX	0.84	0.81		0.95	0.83	0.97	0.97	FEMDX
SEDAX	0.88	0.85	0.95		0.87	0.95	0.93	SEDAX
PIEFX	0.96	0.98	0.83	0.87		0.86	0.79	PIEFX
SMSDX	0.87	0.84	0.97	0.95	0.86		0.92	SMSDX
APDOX	0.8	0.78	0.97	0.93	0.79	0.92		APDOX
	SFGIX	JOEAX	FEMDX	SEDAX	PIEFX	SMSDX	APDOX

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Risk-Adjusted Indicators

There is a big difference between William Mutual Fund performing well and William Blair 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 William Blair'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
SFGIX	0.50	0.06	0.08	0.17	0.68	(0.53)	1.09	(1.15)	4.18
JOEAX	0.81	0.10	0.09	0.21	0.94	(0.83)	1.65	(1.72)	6.33
FEMDX	0.15	0.02	0.13	8.50	0.00	(0.20)	0.42	(0.26)	1.11
SEDAX	0.24	0.03	0.10	0.62	0.16	(0.33)	0.59	(0.36)	1.30
PIEFX	0.96	0.11	0.09	0.20	1.16	(0.99)	2.06	(1.98)	6.94
SMSDX	0.22	0.02	0.06	(0.22)	0.26	(0.26)	0.43	(0.51)	1.30
APDOX	0.16	0.03	0.12	1.29	0.07	(0.18)	0.30	(0.29)	1.07

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