William Blair Correlations

WELIX Fund

USD 9.29 0.06 0.64%

The current 90-days correlation between William Blair Emerging and Allianzgi Convertible Income is -0.03 (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

Modest diversification

The correlation between William Blair Emerging and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Emerging 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 Emerging. 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

0.87	WRCGX	William Blair China	Pair Corr
1.0	WBELX	William Blair Emerging	Pair Corr
0.95	WBEIX	William Blair Emerging	Pair Corr
0.95	WBENX	William Blair Emerging	Pair Corr
1.0	WELNX	William Blair Emerging	Pair Corr
0.68	WXCIX	William Blair Emerg	Pair Corr
0.68	WXCRX	William Blair Emerg	Pair Corr
0.64	WGGNX	William Blair Global	Pair Corr
0.64	WGFIX	William Blair Global	Pair Corr
0.64	BGGIX	William Blair Global	Pair Corr
0.87	WICGX	William Blair China	Pair Corr
0.96	BIEMX	William Blair Emerging	Pair Corr

Related Correlations Analysis

	XNCVX	GCV	GACCX	LCFYX	ARBOX	PRCCX	HNCVX
XNCVX		0.17	0.42	0.98	0.87	0.96	0.98	XNCVX
GCV	0.17		-0.55	0.2	-0.08	0.04	0.21	GCV
GACCX	0.42	-0.55		0.39	0.47	0.53	0.38	GACCX
LCFYX	0.98	0.2	0.39		0.89	0.97	0.99	LCFYX
ARBOX	0.87	-0.08	0.47	0.89		0.94	0.9	ARBOX
PRCCX	0.96	0.04	0.53	0.97	0.94		0.98	PRCCX
HNCVX	0.98	0.21	0.38	0.99	0.9	0.98		HNCVX
	XNCVX	GCV	GACCX	LCFYX	ARBOX	PRCCX	HNCVX

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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

HNCVX	+ 0.99	LCFYX
LCFYX	+ 0.98	XNCVX
HNCVX	+ 0.98	XNCVX
HNCVX	+ 0.98	PRCCX
PRCCX	+ 0.97	LCFYX
PRCCX	+ 0.96	XNCVX

High negative correlations

GACCX	- 0.55	GCV
ARBOX	- 0.08	GCV

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
XNCVX	0.48	0.13	0.02	1.47	0.41	(0.61)	1.08	(0.80)	2.41
GCV	0.87	0.10	0.00	0.48	1.24	(0.90)	1.87	(1.80)	7.45
GACCX	0.54	(0.05)	(0.15)	0.04	0.65	(0.53)	1.06	(1.08)	3.19
LCFYX	0.37	0.09	0.04	0.32	0.00	(0.45)	1.01	(0.69)	2.22
ARBOX	0.05	0.02	0.00	5.23	0.00	0.00	0.09	0.00	0.26
PRCCX	0.38	0.07	0.01	0.26	0.16	(0.46)	0.98	(0.70)	1.94
HNCVX	0.35	0.10	0.07	0.35	0.00	(0.43)	1.08	(0.62)	2.00

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