William Blair Correlations

Mutual Funds . USA . 
Fund . William Blair Global
WGGNX Fund  USD 16.74  0.05  0.30%   
The current 90-days correlation between William Blair Global and William Blair Small Mid 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

Poor diversification

The correlation between William Blair Global and DJI is 0.75 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair Global 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 Global. 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

  0.75WSMDX William Blair SmallPairCorr
  0.75WSMRX William Blair SmallPairCorr
  0.69WSMNX William Blair SmallPairCorr
  0.74WBCIX William Blair SmallPairCorr
  0.74WBCRX William Blair SmallPairCorr
  0.68WBELX William Blair EmergingPairCorr
  0.7WBEIX William Blair EmergingPairCorr
  0.69WBENX William Blair EmergingPairCorr
  0.81WBGSX William Blair GrowthPairCorr
  0.63WBSNX William Blair SmallPairCorr
  0.63WBSIX William Blair SmallPairCorr
  0.63WBSRX William Blair SmallPairCorr
  0.71WVMIX William Blair MidPairCorr
  0.7WVMRX William Blair MidPairCorr
  0.68WELIX William Blair EmergingPairCorr
  0.67WELNX William Blair EmergingPairCorr
  0.67WXCIX William Blair EmergPairCorr
  0.67WXCRX William Blair EmergPairCorr
  1.0WGFIX William Blair GlobalPairCorr
  0.81BGFRX William Blair GrowthPairCorr
  0.81BGFIX William Blair GrowthPairCorr
  1.0BGGIX William Blair GlobalPairCorr
  0.7BIEMX William Blair EmergingPairCorr

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   
LCGNX
+ 0.99
WBGSX
WBGSX
+ 0.92
WSMNX
LCGNX
+ 0.88
WSMNX
WCGNX
+ 0.78
WSMNX
WCGNX
+ 0.76
WBGSX
WCGNX
+ 0.73
LCGNX
  
High negative correlations   
ARTGX
- 0.15
WCGNX

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.

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