Wilmington New Correlations

WNYIX Fund

USD 9.90 0.01 0.10%

The current 90-days correlation between Wilmington New York and Ashmore Emerging Markets is 0.27 (i.e., Modest diversification). The correlation of Wilmington New 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 New Correlation With Market

Average diversification

The correlation between Wilmington New York and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington New York 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 New York. 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

0.82	WRAAX	Wilmington Global Alpha	Pair Corr
0.79	WRAIX	Wilmington Global Alpha	Pair Corr
0.88	WABMX	Wilmington Broad Market	Pair Corr
0.96	WTABX	Wilmington Municipal Bond	Pair Corr
0.89	WTAIX	Wilmington Municipal Bond	Pair Corr
0.75	WDIAX	Wilmington Diversified	Pair Corr
0.74	WDIIX	Wilmington Diversified	Pair Corr
0.9	WIBMX	Wilmington Broad Market	Pair Corr
0.75	WINAX	Wilmington International	Pair Corr
0.76	WINIX	Wilmington International	Pair Corr
0.7	WMLIX	Wilmington Large Cap	Pair Corr
0.65	WMMRX	Wilmington Multi-manager	Pair Corr
0.64	WMRIX	Wilmington Multi-manager	Pair Corr
0.99	WNYAX	Wilmington New York	Pair Corr
1.0	FKNRX	Franklin New York	Pair Corr
0.88	FNYZX	Franklin New York	Pair Corr
0.74	FKNQX	Franklin New York	Pair Corr
0.94	FKNCX	Franklin New York	Pair Corr
0.95	FKNIX	Franklin New York	Pair Corr
0.72	ALNVX	Ab New York	Pair Corr
0.73	ALNYX	Ab New York	Pair Corr
0.81	ANYCX	Ab New York	Pair Corr
0.85	OWNYX	Old Westbury New	Pair Corr
0.85	BRUFX	Bruce Fund Bruce	Pair Corr
0.61	TEDHX	Tiaa Cref Emerging	Pair Corr
0.69	RITCX	American High Income	Pair Corr

Moving against WILMINGTON Mutual Fund

0.32	CWXCX	Catalyst/warrington	Pair Corr
0.31	RYAGX	Inverse Mid Cap	Pair Corr

Related Correlations Analysis

	IGIEX	GAGPX	ECSWX	GEMMX	BXECX	REMVX	PIEFX	DLENX
IGIEX		0.79	0.49	0.81	0.87	0.84	0.8	0.84	IGIEX
GAGPX	0.79		0.5	0.88	0.75	0.91	0.92	0.81	GAGPX
ECSWX	0.49	0.5		0.35	0.73	0.48	0.55	0.8	ECSWX
GEMMX	0.81	0.88	0.35		0.7	0.96	0.94	0.72	GEMMX
BXECX	0.87	0.75	0.73	0.7		0.77	0.78	0.93	BXECX
REMVX	0.84	0.91	0.48	0.96	0.77		0.97	0.81	REMVX
PIEFX	0.8	0.92	0.55	0.94	0.78	0.97		0.82	PIEFX
DLENX	0.84	0.81	0.8	0.72	0.93	0.81	0.82		DLENX
	IGIEX	GAGPX	ECSWX	GEMMX	BXECX	REMVX	PIEFX	DLENX

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Risk-Adjusted Indicators

There is a big difference between WILMINGTON Mutual Fund performing well and Wilmington New 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 New'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
IGIEX	0.26	0.04	0.12	0.64	0.20	(0.33)	0.72	(0.48)	1.70
GAGPX	0.53	0.05	0.06	3.76	0.73	(0.53)	1.23	(1.43)	3.42
ECSWX	0.55	0.11	0.13	0.49	0.63	(0.62)	1.24	(0.90)	6.16
GEMMX	0.51	0.03	0.05	0.10	0.65	(0.53)	1.26	(1.25)	3.21
BXECX	0.21	0.03	0.12	(0.68)	0.06	(0.30)	0.54	(0.40)	1.35
REMVX	0.64	0.06	0.07	0.14	0.73	(0.73)	1.47	(1.38)	3.39
PIEFX	0.73	0.09	0.09	0.50	0.92	(0.75)	1.49	(1.61)	4.27
DLENX	0.11	0.02	0.18	(4.62)	0.00	(0.16)	0.22	(0.11)	0.67

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