William Blair Correlations

WVMIX Fund

USD 11.06 0.06 0.54%

The current 90-days correlation between William Blair Mid and Transamerica Short Term Bond is -0.15 (i.e., Good diversification). The correlation of William Blair 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.

William Blair Correlation With Market

Poor diversification

The correlation between William Blair Mid and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Mid 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 William Blair Mid. 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 William Mutual Fund

0.63	WSMDX	William Blair Small	Pair Corr
0.63	WSMRX	William Blair Small	Pair Corr
0.61	WSMNX	William Blair Small	Pair Corr
0.86	WBCIX	William Blair Small	Pair Corr
0.86	WBCRX	William Blair Small	Pair Corr
0.62	WBSNX	William Blair Small	Pair Corr
0.66	WBSIX	William Blair Small	Pair Corr
0.65	WBVNX	William Blair Small	Pair Corr
0.74	WBVRX	William Blair Small	Pair Corr
1.0	WVMRX	William Blair Mid	Pair Corr

Moving against William Mutual Fund

0.34	WRCGX	William Blair China	Pair Corr
0.55	GAAKX	Gmo Alternative Allo	Pair Corr
0.34	WICGX	William Blair China	Pair Corr

Related Correlations Analysis

	TASTX	SIGZX	BBSCX	AOUNX	TAAQX
TASTX		0.98	0.99	0.99	1.0	TASTX
SIGZX	0.98		0.98	0.99	0.98	SIGZX
BBSCX	0.99	0.98		0.98	0.99	BBSCX
AOUNX	0.99	0.99	0.98		0.99	AOUNX
TAAQX	1.0	0.98	0.99	0.99		TAAQX
	TASTX	SIGZX	BBSCX	AOUNX	TAAQX

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Risk-Adjusted Indicators

There is a big difference between William Mutual Fund performing well and William Blair 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 William Blair'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TASTX	0.08	0.01	0.63	(0.55)	(0.17)	0.21	(0.10)	0.62
SIGZX	0.06	0.01	0.75	(1.78)	(0.17)	0.10	(0.10)	0.61
BBSCX	0.07	0.01	0.53	(0.40)	(0.17)	0.24	(0.12)	0.48
AOUNX	0.05	0.01	0.00	(0.64)	0.00	0.10	(0.10)	0.52
TAAQX	0.09	0.01	0.65	(0.47)	(0.15)	0.21	(0.10)	0.62

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