Wilmington Intermediate-ter Correlations

ARIFX Fund  USD 11.51  0.06  0.52%   
The current 90-days correlation between Wilmington Intermediate-ter and Aristotle Funds Series is 0.42 (i.e., Very weak diversification). The correlation of Wilmington Intermediate-ter 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 Intermediate-ter Correlation With Market

Weak diversification

The correlation between Wilmington Intermediate Term B and DJI is 0.39 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Intermediate Term B and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Wilmington Intermediate Term 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 census.

Moving together with Wilmington Mutual Fund

  1.0ARAFX Aristotle InternationalPairCorr
  0.95ARIOX Aristotle/saul GlobalPairCorr
  0.61PLEBX Pacific Funds EsgPairCorr
  0.61PLEDX Pacific Funds EsgPairCorr
  1.0AIFFX Aristotle InternationalPairCorr
  0.74AIOOX Aristotle/saul GlobalPairCorr
  0.94VGTSX Vanguard Total InterPairCorr
  0.94VTIAX Vanguard Total InterPairCorr
  0.94VTSNX Vanguard Total InterPairCorr
  0.94VTPSX Vanguard Total InterPairCorr
  0.94VTISX Vanguard Total InterPairCorr
  0.88VTMGX Vanguard DevelopedPairCorr
  0.92VDVIX Vanguard DevelopedPairCorr
  0.88VTMNX Vanguard DevelopedPairCorr
  0.93VDIPX Vanguard DevelopedPairCorr
  0.86FSPSX Fidelity InternationalPairCorr

Moving against Wilmington Mutual Fund

  0.34PLUAX Aristotle Funds SeriesPairCorr
  0.32ARAGX Aristotle Funds SeriesPairCorr
  0.32AIGGX Aristotle Growth EquityPairCorr
  0.31ARILX Aristotle Funds SeriesPairCorr
  0.32UBVSX Undiscovered ManagersPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
ARIFXARAFX
ARIQXARAQX
ARAGXARALX
ARABXARAHX
ARILXARALX
ARIOXARAFX
  
High negative correlations   
ARAFXARAGX
ARILXARAFX
ARIFXARAGX
ARIFXARILX
ARAFXARALX
ARIFXARALX

Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Intermediate-ter 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 Intermediate-ter'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ARALX  0.58  0.00 (0.01) 0.12  0.80 
 1.45 
 4.24 
ARAGX  0.74 (0.01)(0.01) 0.11  1.06 
 1.74 
 5.26 
ARAFX  0.58 (0.07) 0.00 (0.05) 0.00 
 1.57 
 3.99 
ARAHX  0.74  0.10 (0.01) 1.31  0.82 
 1.75 
 6.16 
ARABX  0.79  0.07 (0.04) 1.39  0.83 
 1.74 
 7.00 
ARAQX  0.54 (0.03)(0.07) 0.09  0.54 
 1.21 
 3.57 
ARIOX  0.52 (0.09) 0.00 (0.04) 0.00 
 1.16 
 3.39 
ARIQX  0.54 (0.03)(0.06) 0.09  0.55 
 1.24 
 3.74 
ARILX  0.63  0.09 (0.03)(1.83) 0.88 
 1.42 
 4.22 
ARIFX  0.58 (0.07) 0.00 (0.05) 0.00 
 1.63 
 3.97