Wilmington Global Correlations

WRAAX Fund

USD 13.16 0.06 0.46%

The current 90-days correlation between Wilmington Global Alpha and Vanguard Financials Index is 0.65 (i.e., Poor diversification). The correlation of Wilmington Global 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 Global Correlation With Market

Very poor diversification

The correlation between Wilmington Global Alpha and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Global Alpha 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 Global Alpha. 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 nation.

Moving together with Wilmington Mutual Fund

0.78	WRAIX	Wilmington Global Alpha	Pair Corr
0.68	WTABX	Wilmington Municipal Bond	Pair Corr
0.68	WTAIX	Wilmington Municipal Bond	Pair Corr
0.83	WDIIX	Wilmington Diversified	Pair Corr
0.65	WIBMX	Wilmington Broad Market	Pair Corr
0.78	WINAX	Wilmington International	Pair Corr
0.87	WMRIX	Wilmington Multi-manager	Pair Corr
0.66	WNYAX	Wilmington New York	Pair Corr
0.66	WNYIX	Wilmington New York	Pair Corr
0.61	VGTSX	Vanguard Total Inter	Pair Corr
0.61	VTIAX	Vanguard Total Inter	Pair Corr
0.64	NWXVX	Nationwide International	Pair Corr
0.66	PYMPX	Pimco High Yield	Pair Corr

Related Correlations Analysis

	VFAIX	FIDAX	FAFSX	RMBLX	DVFYX	BTO
VFAIX		0.8	0.93	0.82	0.87	0.87	VFAIX
FIDAX	0.8		0.95	0.88	0.61	0.83	FIDAX
FAFSX	0.93	0.95		0.92	0.73	0.93	FAFSX
RMBLX	0.82	0.88	0.92		0.57	0.92	RMBLX
DVFYX	0.87	0.61	0.73	0.57		0.62	DVFYX
BTO	0.87	0.83	0.93	0.92	0.62		BTO
	VFAIX	FIDAX	FAFSX	RMBLX	DVFYX	BTO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Global 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 Global'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
VFAIX	0.85	0.01	0.01	0.01	1.27	(0.84)	1.99	(2.51)	6.10
FIDAX	0.99	(0.13)	0.00	(0.12)	0.00	0.00	2.02	(3.26)	7.13
FAFSX	0.90	(0.06)	0.00	(0.05)	0.00	0.00	1.71	(2.71)	6.26
RMBLX	1.13	(0.15)	0.00	(0.14)	0.00	0.00	2.20	(3.09)	6.78
DVFYX	0.85	0.03	0.02	(0.33)	1.27	(0.82)	1.65	(2.39)	6.47
BTO	1.08	(0.04)	0.00	(0.04)	0.00	0.00	2.30	(2.35)	6.87

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

Wilmington Global Correlations

Wilmington Global Correlation With Market

Very poor diversification

Moving together with Wilmington Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY