Wilshire Large Correlations

Mutual Funds . USA . 
Fund . Wilshire Large
DTLGX Fund  USD 48.50  0.42  0.87%   
The current 90-days correlation between Wilshire Large and Large Pany Value is 0.61 (i.e., Poor diversification). The correlation of Wilshire Large 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.

Wilshire Large Correlation With Market

Poor diversification

The correlation between Wilshire Large and DJI is 0.64 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilshire Large and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Wilshire Large. 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 price.

Moving together with Wilshire Mutual Fund

  0.9WSMGX Small Pany GrowthPairCorr
  0.89WSMVX Small Pany ValuePairCorr
  0.99WFIVX Wilshire 5000 IndexPairCorr
  0.99WINDX Wilshire 5000 IndexPairCorr
  1.0WLCGX Large Pany GrowthPairCorr
  0.9WLCVX Large Pany ValuePairCorr
  0.93DTLVX Large Pany ValuePairCorr
  0.89DTSVX Small Pany ValuePairCorr
  0.87DTSGX Small Pany GrowthPairCorr
  0.96FAFGX American FundsPairCorr
  0.96FFAFX American FundsPairCorr
  0.96GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.96CGFCX Growth FundPairCorr
  0.96CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.99DXQLX Direxion Monthly NasdaqPairCorr
  0.99RYVLX Nasdaq 100 2xPairCorr
  0.99RYVYX Nasdaq 100 2xPairCorr
  0.98UOPIX Ultra Nasdaq 100 Steady GrowthPairCorr
  0.98RYCCX Nasdaq 100 2xPairCorr
  0.98UOPSX Ultranasdaq 100 Profund Steady GrowthPairCorr
  0.97INPIX Internet UltrasectorPairCorr
  0.97INPSX Internet UltrasectorPairCorr
  0.82FRBCX Regional BankPairCorr
  0.9PGTAX Putnam Global TechnologyPairCorr
  0.95APSHX Pinnacle Sherman MultiPairCorr
  0.94FSLBX Brokerage And InvestmentPairCorr

Moving against Wilshire Mutual Fund

  0.65WIORX Wilshire Income OpportPairCorr
  0.63WIOPX Wilshire Income OpportPairCorr
  0.34WLCTX Wilshire InternationalPairCorr
  0.32WLTTX Wilshire InternationalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wilshire Mutual Fund performing well and Wilshire Large 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 Wilshire Large'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.

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