Wilshire Income Correlations

WIOPX Fund

USD 8.92 0.02 0.22%

The current 90-days correlation between Wilshire Income Opport and Transamerica Financial Life is 0.16 (i.e., Average diversification). The correlation of Wilshire Income 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.

Wilshire Income Correlation With Market

Average diversification

The correlation between Wilshire Income Opport and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilshire Income Opport 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 Wilshire Income Opport. 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 american community survey.

Moving together with Wilshire Mutual Fund

1.0	WIORX	Wilshire Income Opport	Pair Corr
0.8	WLCTX	Wilshire International	Pair Corr
0.91	WLTTX	Wilshire International	Pair Corr
0.99	PONAX	Pimco Income	Pair Corr
0.9	PONCX	Pimco Income	Pair Corr
0.9	PIPNX	Pimco Income	Pair Corr
0.99	PONRX	Pimco Income	Pair Corr
0.98	PONPX	Pimco Incme Fund	Pair Corr
0.9	PIINX	Pimco Income	Pair Corr
0.98	PIMIX	Pimco Income	Pair Corr
0.67	LBNDX	Lord Abbett Bond	Pair Corr
0.68	FSTAX	Fidelity Advisor Str	Pair Corr
0.71	FSRIX	Fidelity Advisor Str	Pair Corr
0.72	FSMMX	Fs Multi Strategy	Pair Corr
0.93	BTMPX	Ishares Msci Eafe	Pair Corr
0.87	BTMKX	Blackrock International	Pair Corr
0.93	MDIIX	Blackrock Intern Index	Pair Corr
0.74	AABTX	American Funds 2015	Pair Corr
0.88	GAMDX	Goldman Sachs Local	Pair Corr
0.92	TIBOX	Thornburg Investment	Pair Corr
0.83	NMFIX	Multi Manager Global	Pair Corr
0.85	VUSSX	Invesco Quality Income	Pair Corr
0.75	FCITX	Franklin Federal Int	Pair Corr
0.86	PYMAX	Pimco High Yield	Pair Corr
0.69	RYMHX	Inverse Mid Cap	Pair Corr

Moving against Wilshire Mutual Fund

0.69	WSMGX	Small Pany Growth	Pair Corr
0.69	DTSGX	Small Pany Growth	Pair Corr
0.65	DTSVX	Small Pany Value	Pair Corr
0.64	WLCGX	Large Pany Growth	Pair Corr
0.64	DTLGX	Wilshire Large	Pair Corr
0.55	WSMVX	Small Pany Value	Pair Corr
0.42	WFIVX	Wilshire 5000 Index	Pair Corr
0.41	WINDX	Wilshire 5000 Index	Pair Corr

Related Correlations Analysis

	IAAEX	AOPAX	LVAQX	UCPIX	ESCIX	AFDVX
IAAEX		0.18	0.57	-0.31	0.24	0.45	IAAEX
AOPAX	0.18		-0.32	0.38	0.38	-0.29	AOPAX
LVAQX	0.57	-0.32		-0.95	0.46	0.93	LVAQX
UCPIX	-0.31	0.38	-0.95		-0.52	-0.92	UCPIX
ESCIX	0.24	0.38	0.46	-0.52		0.49	ESCIX
AFDVX	0.45	-0.29	0.93	-0.92	0.49		AFDVX
	IAAEX	AOPAX	LVAQX	UCPIX	ESCIX	AFDVX

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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

AFDVX	+ 0.93	LVAQX
LVAQX	+ 0.57	IAAEX
AFDVX	+ 0.49	ESCIX
ESCIX	+ 0.46	LVAQX
AFDVX	+ 0.45	IAAEX
UCPIX	+ 0.38	AOPAX

High negative correlations

UCPIX	- 0.95	LVAQX
AFDVX	- 0.92	UCPIX
ESCIX	- 0.52	UCPIX
LVAQX	- 0.32	AOPAX
UCPIX	- 0.31	IAAEX
AFDVX	- 0.29	AOPAX

Risk-Adjusted Indicators

There is a big difference between Wilshire Mutual Fund performing well and Wilshire Income 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 Wilshire Income'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
IAAEX	0.81	(0.11)	0.00	(0.26)	0.00	0.00	1.41	(1.48)	9.17
AOPAX	0.47	0.04	0.08	0.06	0.66	(0.49)	1.15	(1.14)	3.90
LVAQX	0.86	(0.13)	0.00	(0.19)	0.00	0.00	1.58	(1.87)	3.75
UCPIX	1.99	0.28	0.17	(0.17)	2.12	(2.23)	5.49	(3.62)	13.88
ESCIX	0.75	(0.01)	0.00	(0.06)	0.00	0.00	1.87	(2.03)	4.56
AFDVX	0.81	(0.17)	0.00	1.51	0.00	0.00	1.55	(1.93)	4.58

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