William Blair Correlations

Mutual Funds USA . 
Fund . William Blair Emerging
WELNX Fund  USD 9.24  0.06  0.65%   
The current 90-days correlation between William Blair Emerging and William Blair China is 0.67 (i.e., Poor 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 board of governors.

Moving together with William Mutual Fund

  0.87WRCGX William Blair ChinaPairCorr
  1.0WBELX William Blair EmergingPairCorr
  0.95WBEIX William Blair EmergingPairCorr
  0.95WBENX William Blair EmergingPairCorr
  1.0WELIX William Blair EmergingPairCorr
  0.68WXCIX William Blair EmergPairCorr
  0.68WXCRX William Blair EmergPairCorr
  0.64WGGNX William Blair GlobalPairCorr
  0.64WGFIX William Blair GlobalPairCorr
  0.64BGGIX William Blair GlobalPairCorr
  0.87WICGX William Blair ChinaPairCorr
  0.96BIEMX William Blair EmergingPairCorr

Related Correlations Analysis

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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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
WRCGX  1.37  0.20  0.04 (2.85) 1.31 
(1.76)
 4.71 
(2.35)
 9.42 
WSMDX  0.74  0.00  0.02  0.13  0.86 
(0.75)
 1.42 
(1.53)
 5.10 
WSMRX  0.74  0.01  0.02  0.13  0.86 
(0.77)
 1.42 
(1.56)
 5.08 
WSMNX  0.74  0.00  0.02  0.13  0.86 
(0.75)
 1.45 
(1.54)
 5.06 
WBCIX  0.69  0.01  0.02  0.14  0.74 
(0.76)
 1.47 
(1.41)
 4.66 
WBCRX  0.69  0.01  0.02  0.13  0.77 
(0.75)
 1.46 
(1.41)
 4.71 
WBELX  0.60 (0.04)(0.17)(0.01) 0.75 
(0.63)
 1.21 
(1.11)
 3.26 
WBEIX  0.58 (0.08) 0.00 (0.11) 0.00 
 0.00 
 1.21 
(1.26)
 3.24 
WBENX  0.59 (0.08) 0.00 (0.11) 0.00 
 0.00 
 1.24 
(1.29)
 3.40 
WBGSX  0.70  0.01  0.01  0.14  0.91 
(0.75)
 1.51 
(1.75)
 4.98 

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