William Blair Correlations

WGGNX Fund

USD 16.86 0.12 0.72%

The current 90-days correlation between William Blair Global and William Blair China is 0.17 (i.e., Average 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

Poor diversification

The correlation between William Blair Global and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Global 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 Global. 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 board of governors.

Moving together with William Mutual Fund

0.73	WSMDX	William Blair Small	Pair Corr
0.73	WSMRX	William Blair Small	Pair Corr
0.73	WSMNX	William Blair Small	Pair Corr
0.72	WBCIX	William Blair Small	Pair Corr
0.72	WBCRX	William Blair Small	Pair Corr
0.64	WBELX	William Blair Emerging	Pair Corr
0.65	WBEIX	William Blair Emerging	Pair Corr
0.64	WBENX	William Blair Emerging	Pair Corr
0.81	WBGSX	William Blair Growth	Pair Corr
0.62	WBSNX	William Blair Small	Pair Corr
0.62	WBSIX	William Blair Small	Pair Corr
0.62	WBSRX	William Blair Small	Pair Corr
0.69	WVMIX	William Blair Mid	Pair Corr
0.69	WVMRX	William Blair Mid	Pair Corr
0.64	WELIX	William Blair Emerging	Pair Corr
0.64	WELNX	William Blair Emerging	Pair Corr
0.64	WXCIX	William Blair Emerg	Pair Corr
0.64	WXCRX	William Blair Emerg	Pair Corr
1.0	WGFIX	William Blair Global	Pair Corr
0.8	BGFRX	William Blair Growth	Pair Corr
0.8	BGFIX	William Blair Growth	Pair Corr
1.0	BGGIX	William Blair Global	Pair Corr
0.65	BIEMX	William Blair Emerging	Pair Corr

Related Correlations Analysis

	WRCGX	WSMDX	WSMRX	WSMNX	WBCRX	WBELX	WBEIX	WBENX	WBGSX	WBIIX
WRCGX		0.4	0.4	0.4	0.39	0.87	0.7	0.7	0.54	0.05	WRCGX
WSMDX	0.4		1.0	1.0	0.99	0.21	0.09	0.09	0.96	-0.39	WSMDX
WSMRX	0.4	1.0		1.0	0.99	0.21	0.09	0.09	0.96	-0.39	WSMRX
WSMNX	0.4	1.0	1.0		0.99	0.21	0.09	0.09	0.96	-0.39	WSMNX
WBCRX	0.39	0.99	0.99	0.99		0.2	0.08	0.07	0.95	-0.39	WBCRX
WBELX	0.87	0.21	0.21	0.21	0.2		0.95	0.95	0.34	0.48	WBELX
WBEIX	0.7	0.09	0.09	0.09	0.08	0.95		1.0	0.21	0.66	WBEIX
WBENX	0.7	0.09	0.09	0.09	0.07	0.95	1.0		0.2	0.67	WBENX
WBGSX	0.54	0.96	0.96	0.96	0.95	0.34	0.21	0.2		-0.37	WBGSX
WBIIX	0.05	-0.39	-0.39	-0.39	-0.39	0.48	0.66	0.67	-0.37		WBIIX
	WRCGX	WSMDX	WSMRX	WSMNX	WBCRX	WBELX	WBEIX	WBENX	WBGSX	WBIIX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WSMRX	+ 1.0	WSMDX
WSMNX	+ 1.0	WSMDX
WSMNX	+ 1.0	WSMRX
WBENX	+ 1.0	WBEIX
WBCRX	+ 0.99	WSMDX
WBCRX	+ 0.99	WSMRX

High negative correlations

WBIIX	- 0.39	WBCRX
WBIIX	- 0.39	WSMNX
WBIIX	- 0.39	WSMRX
WBIIX	- 0.39	WSMDX
WBIIX	- 0.37	WBGSX

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
WRCGX	1.37	0.20	0.04	(2.85)	1.31	(1.76)	4.71	(2.35)	9.42
WSMDX	0.74	0.00	0.02	0.13	0.86	(0.75)	1.42	(1.53)	5.10
WSMRX	0.74	0.01	0.02	0.13	0.86	(0.77)	1.42	(1.56)	5.08
WSMNX	0.74	0.00	0.02	0.13	0.86	(0.75)	1.45	(1.54)	5.06
WBCRX	0.69	0.01	0.02	0.13	0.77	(0.75)	1.46	(1.41)	4.71
WBELX	0.60	(0.04)	(0.17)	(0.01)	0.75	(0.63)	1.21	(1.11)	3.26
WBEIX	0.58	(0.08)	0.00	(0.11)	0.00	0.00	1.21	(1.26)	3.24
WBENX	0.59	(0.08)	0.00	(0.11)	0.00	0.00	1.24	(1.29)	3.40
WBGSX	0.70	0.01	0.01	0.14	0.91	(0.75)	1.51	(1.75)	4.98
WBIIX	0.57	(0.12)	0.00	(0.13)	0.00	0.00	1.05	(1.13)	3.57

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