William Blair Correlations

LCGJX Fund

USD 26.91 0.14 0.52%

The current 90-days correlation between William Blair Large and Fidelity Advisor Diversified is 0.08 (i.e., Significant 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 Large and DJI is 0.51 (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 Large and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in William Blair 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 inflation.

Moving together with William Mutual Fund

0.92	WBCRX	William Blair Small	Pair Corr
0.69	WBEIX	William Blair Emerging	Pair Corr
0.69	WBENX	William Blair Emerging	Pair Corr
0.87	WXCIX	William Blair Emerg	Pair Corr
0.87	WXCRX	William Blair Emerg	Pair Corr
0.63	WGGNX	William Blair Global	Pair Corr

Moving against William Mutual Fund

0.42	WRCGX	William Blair China	Pair Corr
0.35	WEDRX	William Blair Emerging	Pair Corr
0.34	WEDIX	William Blair Emerging	Pair Corr
0.68	WICGX	William Blair China	Pair Corr

Related Correlations Analysis

	FZABX	QDARX	ACBPX	PGBAX	MNDWX	CDBCX	PQCNX	DLTZX
FZABX		0.84	0.82	0.89	0.76	0.79	0.8	0.81	FZABX
QDARX	0.84		0.92	0.89	0.71	0.91	0.92	0.96	QDARX
ACBPX	0.82	0.92		0.96	0.86	1.0	1.0	0.98	ACBPX
PGBAX	0.89	0.89	0.96		0.91	0.95	0.95	0.92	PGBAX
MNDWX	0.76	0.71	0.86	0.91		0.85	0.84	0.8	MNDWX
CDBCX	0.79	0.91	1.0	0.95	0.85		1.0	0.97	CDBCX
PQCNX	0.8	0.92	1.0	0.95	0.84	1.0		0.97	PQCNX
DLTZX	0.81	0.96	0.98	0.92	0.8	0.97	0.97		DLTZX
	FZABX	QDARX	ACBPX	PGBAX	MNDWX	CDBCX	PQCNX	DLTZX

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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
FZABX	0.73	0.12	0.17	5.06	0.92	(0.74)	1.45	(1.19)	6.16
QDARX	0.08	0.03	0.89	(1.21)	0.00	(0.13)	0.25	(0.08)	0.49
ACBPX	0.24	0.04	0.38	0.58	0.08	(0.30)	0.56	(0.33)	1.23
PGBAX	0.13	0.02	0.55	0.57	0.00	(0.18)	0.34	(0.17)	0.85
MNDWX	0.11	0.01	0.24	0.30	0.10	(0.18)	0.20	(0.29)	0.96
CDBCX	0.23	0.03	0.33	0.51	0.12	(0.30)	0.56	(0.43)	1.34
PQCNX	0.24	0.04	0.35	0.63	0.11	(0.31)	0.59	(0.36)	1.43
DLTZX	0.08	0.02	0.54	7.24	0.00	(0.18)	0.26	(0.13)	0.64

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