Wilmington Broad Correlations

WIBMX Fund

USD 8.77 0.01 0.11%

The current 90-days correlation between Wilmington Broad Market and Nasdaq 100 2x Strategy is 0.23 (i.e., Modest diversification). The correlation of Wilmington Broad 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.

Wilmington Broad Correlation With Market

Modest diversification

The correlation between Wilmington Broad Market and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Broad Market 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 Wilmington Broad Market. 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 population.

Moving together with Wilmington Mutual Fund

0.73	WRAAX	Wilmington Global Alpha	Pair Corr
0.69	WRAIX	Wilmington Global Alpha	Pair Corr
0.93	WABMX	Wilmington Broad Market	Pair Corr
0.92	WTABX	Wilmington Municipal Bond	Pair Corr
0.85	WTAIX	Wilmington Municipal Bond	Pair Corr
0.64	WDIAX	Wilmington Diversified	Pair Corr
0.61	WDIIX	Wilmington Diversified	Pair Corr
0.67	WINIX	Wilmington International	Pair Corr
0.75	WMLIX	Wilmington Large Cap	Pair Corr
0.9	WNYIX	Wilmington New York	Pair Corr
0.76	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
0.83	VBTIX	Vanguard Total Bond	Pair Corr
0.93	VTBSX	Vanguard Total Bond	Pair Corr
0.93	VTBIX	Vanguard Total Bond	Pair Corr
0.93	VTBNX	Vanguard Total Bond	Pair Corr
0.78	FBOFX	American Funds	Pair Corr
0.92	FFBOX	American Funds	Pair Corr
0.81	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
0.72	DILYX	Davis International	Pair Corr
0.67	NUW	Nuveen Amt Free	Pair Corr

Moving against Wilmington Mutual Fund

0.61	UIPIX	Ultrashort Mid Cap Steady Growth	Pair Corr
0.31	QMNNX	Aqr Equity Market	Pair Corr

Related Correlations Analysis

	RYVLX	GMCOX	REMVX	BUFHX	DIHRX	EMSLX	MFTFX
RYVLX		0.55	0.62	0.01	0.46	0.38	0.25	RYVLX
GMCOX	0.55		0.76	0.18	0.69	0.61	-0.02	GMCOX
REMVX	0.62	0.76		0.47	0.89	0.9	0.33	REMVX
BUFHX	0.01	0.18	0.47		0.74	0.47	0.64	BUFHX
DIHRX	0.46	0.69	0.89	0.74		0.81	0.44	DIHRX
EMSLX	0.38	0.61	0.9	0.47	0.81		0.26	EMSLX
MFTFX	0.25	-0.02	0.33	0.64	0.44	0.26		MFTFX
	RYVLX	GMCOX	REMVX	BUFHX	DIHRX	EMSLX	MFTFX

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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

EMSLX	+ 0.9	REMVX
DIHRX	+ 0.89	REMVX
EMSLX	+ 0.81	DIHRX
REMVX	+ 0.76	GMCOX
DIHRX	+ 0.74	BUFHX
DIHRX	+ 0.69	GMCOX

High negative correlations

MFTFX

- 0.02

GMCOX

Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Broad 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 Wilmington Broad'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
RYVLX	1.80	(0.03)	0.00	(0.03)	0.00	0.00	3.29	(4.15)	10.90
GMCOX	0.23	0.02	0.09	(0.47)	0.17	(0.29)	0.61	(0.49)	1.24
REMVX	0.64	0.06	0.07	0.14	0.73	(0.73)	1.47	(1.38)	3.39
BUFHX	0.08	0.02	0.20	11.37	0.00	(0.12)	0.19	(0.09)	0.57
DIHRX	0.53	0.10	0.13	0.23	0.57	(0.60)	1.16	(0.99)	3.68
EMSLX	0.62	0.03	0.04	0.18	0.86	(0.60)	1.25	(1.34)	3.47
MFTFX	1.24	0.07	0.04	(9.96)	1.59	(1.28)	2.48	(2.63)	6.97

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