Wilmington Global Correlations

Mutual Funds . USA . 
Fund . Wilmington Global Alpha
WRAIX Fund  USD 13.47  0.01  0.07%   
The current 90-days correlation between Wilmington Global Alpha and Touchstone International Equity 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 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington 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 gross domestic product.

Moving together with Wilmington Mutual Fund

  1.0WRAAX Wilmington Global AlphaPairCorr
  0.64WABMX Wilmington Broad MarketPairCorr
  0.68WTABX Wilmington Municipal BondPairCorr
  0.68WTAIX Wilmington Municipal BondPairCorr
  0.82WDIIX Wilmington DiversifiedPairCorr
  0.65WIBMX Wilmington Broad MarketPairCorr
  0.79WINAX Wilmington InternationalPairCorr
  0.79WINIX Wilmington InternationalPairCorr
  0.88WMMRX Wilmington Multi ManPairCorr
  0.88WMRIX Wilmington Multi-managerPairCorr
  0.66WNYAX Wilmington New YorkPairCorr
  0.66WNYIX Wilmington New YorkPairCorr
  0.62VGTSX Vanguard Total InterPairCorr
  0.62VTIAX Vanguard Total InterPairCorr
  0.79NWXVX Nationwide InternationalPairCorr
  0.66PYMPX Pimco High YieldPairCorr
  0.68TIODX Transamerica FundsPairCorr
  0.82NWXPX Nationwide InternationalPairCorr

Related Correlations Analysis

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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.

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