Wilmington International Correlations

WINAX Fund

USD 9.08 0.02 0.22%

The current 90-days correlation between Wilmington International and Wilmington Global Alpha is 0.74 (i.e., Poor diversification). The correlation of Wilmington International 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 International Correlation With Market

Good diversification

The correlation between Wilmington International Fund and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington International Fund 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 Wilmington International Fund. 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 nation.

Moving together with Wilmington Mutual Fund

1.0	WINIX	Wilmington International	Pair Corr
0.76	WMMRX	Wilmington Multi-manager	Pair Corr
0.68	WMRIX	Wilmington Multi-manager	Pair Corr
0.89	VGTSX	Vanguard Total Inter	Pair Corr
0.89	VTIAX	Vanguard Total Inter	Pair Corr
0.89	VTSNX	Vanguard Total Inter	Pair Corr
0.89	VTPSX	Vanguard Total Inter	Pair Corr
0.89	VTISX	Vanguard Total Inter	Pair Corr
0.93	VTMGX	Vanguard Developed	Pair Corr
0.82	VDVIX	Vanguard Developed	Pair Corr
0.93	VTMNX	Vanguard Developed	Pair Corr
0.82	VDIPX	Vanguard Developed	Pair Corr
0.91	FSPSX	Fidelity International	Pair Corr

Moving against Wilmington Mutual Fund

0.42

FTCAX

Templeton Strained Bond

Pair Corr

Related Correlations Analysis

	WRAAX	WRAIX	WABMX	WTABX	WTAIX	WDIAX	WDIIX	WIBMX	WINAX
WRAAX		0.89	-0.37	0.04	0.01	0.96	0.96	-0.37	0.27	WRAAX
WRAIX	0.89		-0.36	0.07	0.04	0.88	0.88	-0.35	0.21	WRAIX
WABMX	-0.37	-0.36		0.77	0.78	-0.51	-0.52	1.0	0.5	WABMX
WTABX	0.04	0.07	0.77		0.99	-0.11	-0.11	0.77	0.51	WTABX
WTAIX	0.01	0.04	0.78	0.99		-0.13	-0.14	0.78	0.47	WTAIX
WDIAX	0.96	0.88	-0.51	-0.11	-0.13		1.0	-0.51	0.15	WDIAX
WDIIX	0.96	0.88	-0.52	-0.11	-0.14	1.0		-0.52	0.15	WDIIX
WIBMX	-0.37	-0.35	1.0	0.77	0.78	-0.51	-0.52		0.49	WIBMX
WINAX	0.27	0.21	0.5	0.51	0.47	0.15	0.15	0.49		WINAX
	WRAAX	WRAIX	WABMX	WTABX	WTAIX	WDIAX	WDIIX	WIBMX	WINAX

Click cells to compare fundamentals

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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

WIBMX	+ 1.0	WABMX
WDIIX	+ 1.0	WDIAX
WTAIX	+ 0.99	WTABX
WDIAX	+ 0.96	WRAAX
WDIIX	+ 0.96	WRAAX
WRAIX	+ 0.89	WRAAX

High negative correlations

WIBMX	- 0.52	WDIIX
WDIIX	- 0.52	WABMX
WIBMX	- 0.51	WDIAX
WDIAX	- 0.51	WABMX
WIBMX	- 0.37	WRAAX
WABMX	- 0.37	WRAAX

Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington International 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 International'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
WRAAX	0.24	0.02	(0.33)	(0.58)	0.23	(0.28)	0.38	(0.60)	1.29
WRAIX	0.24	(0.02)	(0.31)	0.06	0.23	(0.27)	0.45	(0.59)	1.26
WABMX	0.21	(0.05)	0.00	(0.94)	0.00	0.00	0.44	(0.56)	1.36
WTABX	0.12	(0.01)	(0.41)	(0.17)	0.19	(0.17)	0.24	(0.32)	1.06
WTAIX	0.12	(0.01)	(0.43)	(0.17)	0.19	(0.16)	0.25	(0.32)	1.14
WDIAX	0.52	0.07	(0.10)	(1.45)	0.48	(0.62)	1.18	(1.00)	3.56
WDIIX	0.52	0.07	(0.10)	(1.33)	0.47	(0.64)	1.13	(0.99)	3.54
WIBMX	0.21	(0.05)	0.00	(0.78)	0.00	0.00	0.45	(0.57)	1.24
WINAX	0.61	(0.05)	0.00	1.07	0.00	0.00	1.50	(1.36)	3.43

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