Wilmington International Correlations

Mutual Funds . USA . 
Fund . Wilmington International Fund
WINIX Fund  USD 9.82  0.04  0.41%   
The current 90-days correlation between Wilmington International and Franklin Gold Precious is 0.59 (i.e., Very weak diversification). The correlation of Wilmington International 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 International Correlation With Market

Poor diversification

The correlation between Wilmington International Fund and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington International Fund 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 International Fund. 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 gross domestic product.

Moving together with Wilmington Mutual Fund

  0.81WRAAX Wilmington Global AlphaPairCorr
  0.81WRAIX Wilmington Global AlphaPairCorr
  0.88WABMX Wilmington Broad MarketPairCorr
  0.61WTAIX Wilmington Municipal BondPairCorr
  0.89WIBMX Wilmington Broad MarketPairCorr
  1.0WINAX Wilmington InternationalPairCorr
  0.85WMMRX Wilmington Multi ManPairCorr
  0.85WMRIX Wilmington Multi-managerPairCorr
  0.61WNYIX Wilmington New YorkPairCorr
  0.96VGTSX Vanguard Total InterPairCorr
  0.96VTIAX Vanguard Total InterPairCorr
  0.96VTSNX Vanguard Total InterPairCorr
  0.99VTPSX Vanguard Total InterPairCorr
  0.99VTISX Vanguard Total InterPairCorr
  0.96VTMGX Vanguard DevelopedPairCorr
  0.99VDVIX Vanguard DevelopedPairCorr
  0.99VTMNX Vanguard DevelopedPairCorr
  0.99VDIPX Vanguard DevelopedPairCorr
  0.97FSPSX Fidelity InternationalPairCorr
  0.62PFJAX Putnam High YieldPairCorr
  0.8PCCMX Pimco Short DurationPairCorr
  0.99IUCEX Jpmorgan InternationalPairCorr
  0.67ARZDX Amg River RoadPairCorr
  0.67NVG Nuveen Amt FreePairCorr

Moving against Wilmington Mutual Fund

  0.43WMLIX Wilmington Large CapPairCorr
  0.58UOPSX Ultranasdaq 100 ProfundPairCorr
  0.57RYVLX Nasdaq 100 2xPairCorr
  0.57RYVYX Nasdaq 100 2xPairCorr
  0.57UOPIX Ultra Nasdaq 100PairCorr
  0.57RYCCX Nasdaq 100 2xPairCorr
  0.55DXQLX Direxion Monthly NasdaqPairCorr
  0.54BIPIX Biotechnology UltrasectorPairCorr
  0.51MKTBX Mainstay Tax FreePairCorr
  0.42INPIX Internet UltrasectorPairCorr
  0.4INPSX Internet UltrasectorPairCorr

Related Correlations Analysis

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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   
UIPMX
+ 1.0
FRGOX
FGDIX
+ 1.0
FRGOX
FGDIX
+ 1.0
UIPMX
UIPMX
+ 0.99
FEGOX
FEGOX
+ 0.98
FRGOX
SGDIX
+ 0.98
FRGOX
  
High negative correlations   
TAGGX
- 0.14
FRGOX
TAGGX
- 0.13
FEGOX
FGDIX
- 0.12
TAGGX
TAGGX
- 0.12
UIPMX
SGDIX
- 0.04
TAGGX

Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington International 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 International'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.

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