Wilmington Large-cap Correlations

Mutual Funds . USA . 
Fund . Wilmington Large Cap Strategy
WMLIX Fund  USD 30.76  0.12  0.39%   
The current 90-days correlation between Wilmington Large Cap and Wilmington Multi Manager Real is 0.57 (i.e., Very weak diversification). The correlation of Wilmington Large-cap 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 Large-cap Correlation With Market

Very poor diversification

The correlation between Wilmington Large Cap Strategy and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Large Cap Strategy 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 Large Cap Strategy. 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

  0.94VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.94VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.93VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr

Moving against Wilmington Mutual Fund

  0.52WABMX Wilmington Broad MarketPairCorr
  0.52WIBMX Wilmington Broad MarketPairCorr
  0.43WINAX Wilmington InternationalPairCorr
  0.43WINIX Wilmington InternationalPairCorr
  0.51GSRUX Goldman Sachs InflationPairCorr
  0.44FCBCX Nuveen Strategic IncomePairCorr

Related Correlations Analysis

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   
PCCOX
+ 1.0
PRUIX
PCCOX
+ 0.92
WPSGX
PRUIX
+ 0.91
WPSGX
AWEIX
+ 0.91
PRUIX
AWEIX
+ 0.91
PCCOX
AWEIX
+ 0.9
WPSGX
  
High negative correlations   
WPSGX
- 0.28
WMRIX
AWEIX
- 0.16
WMRIX
PCCOX
- 0.09
WMRIX
PRUIX
- 0.05
WMRIX

Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Large-cap 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 Large-cap'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY