Wilshire 5000 Correlations

Mutual Funds . USA . 
Fund . Wilshire 5000 Index
WFIVX Fund  USD 34.46  0.15  0.44%   
The current 90-days correlation between Wilshire 5000 Index and Wilshire 5000 Index is 1.0 (i.e., No risk reduction). The correlation of Wilshire 5000 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.

Wilshire 5000 Correlation With Market

Very poor diversification

The correlation between Wilshire 5000 Index and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilshire 5000 Index 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 Wilshire 5000 Index. 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 real.

Moving together with Wilshire Mutual Fund

  0.86WSMGX Small Pany GrowthPairCorr
  0.87WSMVX Small Pany ValuePairCorr
  1.0WINDX Wilshire 5000 IndexPairCorr
  0.96WLCGX Large Pany GrowthPairCorr
  0.97WLCVX Large Pany ValuePairCorr
  0.99DTLGX Wilshire LargePairCorr
  0.97DTLVX Large Pany ValuePairCorr
  0.91DTSVX Small Pany ValuePairCorr
  0.9DTSGX Small Pany GrowthPairCorr
  1.0VTSAX Vanguard Total StockPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  1.0VTSMX Vanguard Total StockPairCorr
  0.96VITSX Vanguard Total StockPairCorr
  1.0VSMPX Vanguard Total StockPairCorr
  1.0VSTSX Vanguard Total StockPairCorr
  0.95VFINX Vanguard 500 IndexPairCorr
  1.0VFFSX Vanguard 500 IndexPairCorr
  1.0VINIX Vanguard InstitutionalPairCorr
  1.0VIIIX Vanguard InstitutionalPairCorr
  0.79SIYYX Simt High YieldPairCorr
  0.95GSFTX Columbia Dividend IncomePairCorr
  0.75BSCXX Northern InstitutionalPairCorr
  0.97FIFRX Franklin GrowthPairCorr
  0.96SSIAX 1919 Socially ResponsivePairCorr
  0.99HCMNX Hcm Dividend SectorPairCorr
  0.93RICEX Investment Of AmericaPairCorr
  1.0BSPIX Blackrock Sp 500PairCorr
  0.82ASVNX Small Cap ValuePairCorr

Moving against Wilshire Mutual Fund

  0.67WIORX Wilshire Income OpportPairCorr
  0.65WIOPX Wilshire Income OpportPairCorr
  0.65PFHCX Pacific Funds SmallPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Wilshire Mutual Fund performing well and Wilshire 5000 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 Wilshire 5000'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.

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