William Blair Correlations

WBELX Fund

USD 9.52 0.06 0.63%

The current 90-days correlation between William Blair Emerging and Qs Defensive Growth is 0.49 (i.e., Very weak 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

Modest diversification

The correlation between William Blair Emerging and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Emerging 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 William Blair Emerging. 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 bureau of economic analysis.

Moving together with William Mutual Fund

0.62	WRCGX	William Blair China Potential Growth	Pair Corr
0.71	WBIIX	William Blair Instit	Pair Corr
0.79	WBIGX	William Blair Intern	Pair Corr
0.8	WBIRX	William Blair Intern	Pair Corr
0.95	WELIX	William Blair Emerging	Pair Corr
1.0	WELNX	William Blair Emerging	Pair Corr
0.61	WICGX	William Blair China Potential Growth	Pair Corr
0.85	WIISX	William Blair Intern	Pair Corr
0.8	BIGIX	William Blair Intern	Pair Corr
0.8	WILJX	William Blair Intern	Pair Corr
0.8	WILIX	William Blair Intern	Pair Corr

Moving against William Mutual Fund

0.36	BESIX	William Blair Emerging	Pair Corr
0.31	WESNX	William Blair Emerging	Pair Corr
0.31	WESJX	William Blair Emerging	Pair Corr

Related Correlations Analysis

	LMLRX	PHTTX	XEHIX	LFLCX	TADGX	TACLX
LMLRX		0.97	0.45	0.47	0.96	0.93	LMLRX
PHTTX	0.97		0.44	0.64	0.94	0.95	PHTTX
XEHIX	0.45	0.44		0.16	0.34	0.35	XEHIX
LFLCX	0.47	0.64	0.16		0.51	0.61	LFLCX
TADGX	0.96	0.94	0.34	0.51		0.97	TADGX
TACLX	0.93	0.95	0.35	0.61	0.97		TACLX
	LMLRX	PHTTX	XEHIX	LFLCX	TADGX	TACLX

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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
LMLRX	0.33	(0.01)	0.00	(0.07)	0.00	0.00	0.61	(0.69)	2.17
PHTTX	0.35	0.00	0.00	(0.05)	0.00	0.00	0.67	(0.67)	1.95
XEHIX	0.21	(0.04)	0.00	0.91	0.00	0.00	0.43	(0.71)	1.74
LFLCX	0.18	0.01	0.18	(0.39)	0.15	(0.21)	0.43	(0.33)	0.98
TADGX	0.64	0.02	0.04	0.00	0.83	(0.66)	1.06	(1.42)	3.18
TACLX	0.66	0.01	0.00	(0.02)	0.00	0.00	1.28	(1.48)	3.10

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