Wilmington Municipal Correlations

Mutual Funds . USA . 
Fund . Wilmington Municipal Bond
WTABX Fund  USD 12.21  0.02  0.16%   
The current 90-days correlation between Wilmington Municipal Bond and Barings Global Floating is 0.1 (i.e., Average diversification). The correlation of Wilmington Municipal 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 Municipal Correlation With Market

Significant diversification

The correlation between Wilmington Municipal Bond and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Municipal Bond 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 Municipal Bond. 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 bureau of labor statistics.

Moving together with Wilmington Mutual Fund

  0.71WRAAX Wilmington Global AlphaPairCorr
  0.7WRAIX Wilmington Global AlphaPairCorr
  0.82WABMX Wilmington Broad MarketPairCorr
  0.95WTAIX Wilmington Municipal BondPairCorr
  0.61WDIAX Wilmington DiversifiedPairCorr
  0.61WDIIX Wilmington DiversifiedPairCorr
  0.82WIBMX Wilmington Broad MarketPairCorr
  0.69WINAX Wilmington InternationalPairCorr
  0.69WINIX Wilmington InternationalPairCorr
  0.73WMMRX Wilmington Multi ManPairCorr
  0.73WMRIX Wilmington Multi-managerPairCorr
  1.0WNYAX Wilmington New YorkPairCorr
  1.0WNYIX Wilmington New YorkPairCorr
  0.99VWITX Vanguard Intermediate-terPairCorr
  0.99VWIUX Vanguard Intermediate-terPairCorr
  0.98AFTEX Tax Exempt BondPairCorr
  0.98AFTFX Tax Exempt BondPairCorr
  0.96TEBCX Tax Exempt BondPairCorr
  0.98TEAFX Tax Exempt BondPairCorr
  0.98TFEBX Tax Exempt BondPairCorr
  1.0FLTMX Fidelity IntermediatePairCorr
  0.93MDNLX Blackrock NationalPairCorr
  0.89MFNLX Blackrock Natl MuniPairCorr
  0.87RWDNX Redwood Managed VolaPairCorr
  0.74DBLLX Doubleline Low DurationPairCorr
  0.8BNUEX Ubs InternationalPairCorr
  0.69VSBSX Vanguard Short TermPairCorr
  0.87RWDIX Redwood Managed VolaPairCorr

Moving against Wilmington Mutual Fund

  0.61SMPIX Semiconductor UltrasectorPairCorr
  0.61SMPSX Semiconductor UltrasectorPairCorr
  0.53RSNYX Victory Global NaturalPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Municipal 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 Municipal'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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