William Blair Correlations

WILJX Fund

USD 20.24 0.15 0.75%

The current 90-days correlation between William Blair Intern and William Blair International is 1.0 (i.e., No risk reduction). 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 International and DJI is 0.5 (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 International 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 International. 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

0.98	WBIGX	William Blair Intern	Pair Corr
0.67	WESNX	William Blair Emerging	Pair Corr
0.66	WESJX	William Blair Emerging	Pair Corr
0.66	BESIX	William Blair Emerging	Pair Corr
0.65	WXCIX	William Blair Emerg	Pair Corr
0.65	WXCRX	William Blair Emerg	Pair Corr
0.94	WIISX	William Blair Intern	Pair Corr
0.98	BIGIX	William Blair Intern	Pair Corr
1.0	WILIX	William Blair Intern	Pair Corr
1.0	WILNX	William Blair Intern	Pair Corr
0.87	RERFX	Europacific Growth	Pair Corr
0.88	AEPFX	Europacific Growth	Pair Corr
0.88	CEUAX	Europacific Growth	Pair Corr
0.89	CEUCX	Europacific Growth	Pair Corr
0.88	RERCX	Europacific Growth	Pair Corr

Moving against William Mutual Fund

0.52	WBSNX	William Blair Small	Pair Corr
0.52	WBSIX	William Blair Small	Pair Corr
0.52	WBSRX	William Blair Small	Pair Corr
0.5	WSMDX	William Blair Small	Pair Corr
0.5	WSMRX	William Blair Small	Pair Corr
0.5	WSMNX	William Blair Small	Pair Corr
0.5	WBCIX	William Blair Small	Pair Corr
0.5	WBGSX	William Blair Growth	Pair Corr
0.47	WBVNX	William Blair Small	Pair Corr
0.47	WBVRX	William Blair Small	Pair Corr
0.51	BGFRX	William Blair Growth	Pair Corr
0.51	BGFIX	William Blair Growth	Pair Corr
0.51	LCGJX	William Blair Large	Pair Corr
0.51	LCGFX	William Blair Large	Pair Corr
0.47	ICSCX	Icm Small Pany	Pair Corr
0.55	VSTSX	Vanguard Total Stock	Pair Corr
0.55	VSMPX	Vanguard Total Stock	Pair Corr
0.55	VITSX	Vanguard Total Stock	Pair Corr
0.52	VFFSX	Vanguard 500 Index	Pair Corr

Related Correlations Analysis

	WILNX	WSBFX	WMLIX	WESNX	FERIX
WILNX		-0.19	-0.55	0.66	-0.14	WILNX
WSBFX	-0.19		0.82	0.35	0.45	WSBFX
WMLIX	-0.55	0.82		0.04	0.67	WMLIX
WESNX	0.66	0.35	0.04		0.22	WESNX
FERIX	-0.14	0.45	0.67	0.22		FERIX
	WILNX	WSBFX	WMLIX	WESNX	FERIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

WMLIX	+ 0.82	WSBFX
FERIX	+ 0.67	WMLIX
WESNX	+ 0.66	WILNX
FERIX	+ 0.45	WSBFX
WESNX	+ 0.35	WSBFX
FERIX	+ 0.22	WESNX

High negative correlations

WMLIX	- 0.55	WILNX
WSBFX	- 0.19	WILNX
FERIX	- 0.14	WILNX

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
WILNX	0.59	(0.15)	0.00	(0.18)	0.00	0.00	0.86	(0.95)	3.65
WSBFX	0.33	(0.02)	(0.21)	0.08	0.31	(0.40)	0.57	(0.81)	2.35
WMLIX	0.56	0.01	0.00	0.14	0.65	(0.60)	1.13	(1.31)	3.96
WESNX	0.47	(0.07)	0.00	(0.04)	0.00	0.00	0.95	(1.27)	2.66
FERIX	0.97	0.13	0.04	0.42	1.03	(1.07)	2.27	(1.90)	7.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC