William Blair Correlations

WXCRX Fund

12.47 0.03 0.24%

The current 90-days correlation between William Blair Emerg and Investec Emerging Markets is 0.11 (i.e., Average 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

Modest diversification

The correlation between William Blair Emerg and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Emerg 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 Emerg. 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 metropolitan statistical area.

Moving together with William Mutual Fund

0.76	WBCRX	William Blair Small	Pair Corr
0.81	WBEIX	William Blair Emerging	Pair Corr
0.68	WESNX	William Blair Emerging	Pair Corr
0.68	WESJX	William Blair Emerging	Pair Corr
0.68	BESIX	William Blair Emerging	Pair Corr
1.0	WXCIX	William Blair Emerg	Pair Corr

Moving against William Mutual Fund

0.62	WEDRX	William Blair Emerging	Pair Corr
0.61	WEDIX	William Blair Emerging	Pair Corr
0.55	WRCGX	William Blair China	Pair Corr
0.75	WICGX	William Blair China	Pair Corr
0.36	WILJX	William Blair Intern	Pair Corr
0.36	WILIX	William Blair Intern	Pair Corr
0.36	WILNX	William Blair Intern	Pair Corr
0.35	VEMAX	Vanguard Emerging Markets	Pair Corr
0.35	VEMIX	Vanguard Emerging Markets	Pair Corr
0.35	ODVYX	Oppenheimer Developing	Pair Corr
0.34	VEIEX	Vanguard Emerging Markets	Pair Corr
0.34	VEMRX	Vanguard Emerging Markets	Pair Corr
0.33	WISNX	William Blair Intern	Pair Corr

Related Correlations Analysis

	ZEMIX	PACEX	SEDAX	AMTOX	EPASX	TEOJX	XJMMX	PWEAX
ZEMIX		0.85	0.89	0.75	0.95	0.97	0.71	0.98	ZEMIX
PACEX	0.85		0.94	0.6	0.82	0.87	0.92	0.8	PACEX
SEDAX	0.89	0.94		0.74	0.86	0.88	0.88	0.86	SEDAX
AMTOX	0.75	0.6	0.74		0.64	0.67	0.52	0.71	AMTOX
EPASX	0.95	0.82	0.86	0.64		0.97	0.66	0.98	EPASX
TEOJX	0.97	0.87	0.88	0.67	0.97		0.7	0.97	TEOJX
XJMMX	0.71	0.92	0.88	0.52	0.66	0.7		0.64	XJMMX
PWEAX	0.98	0.8	0.86	0.71	0.98	0.97	0.64		PWEAX
	ZEMIX	PACEX	SEDAX	AMTOX	EPASX	TEOJX	XJMMX	PWEAX

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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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ZEMIX	0.77	0.10	0.14	1.06	0.86	(0.88)	1.70	(1.67)	5.50
PACEX	0.12	0.03	0.68	1.02	0.00	(0.21)	0.33	(0.11)	0.76
SEDAX	0.23	0.06	0.43	0.62	0.00	(0.34)	0.59	(0.36)	1.30
AMTOX	0.43	0.06	0.22	(2.94)	0.42	(0.54)	0.88	(0.99)	2.52
EPASX	0.53	0.04	0.15	(0.76)	0.60	(0.59)	1.02	(1.17)	3.67
TEOJX	0.79	0.10	0.16	(1.39)	0.89	(0.89)	1.54	(1.53)	5.83
XJMMX	0.18	0.02	0.27	0.19	0.12	(0.27)	0.46	(0.46)	0.92
PWEAX	0.72	0.07	0.14	2.91	0.81	(0.87)	1.55	(1.49)	5.83

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