William Blair Correlations

WISIX Fund

USD 12.23 0.02 0.16%

The current 90-days correlation between William Blair Intern and William Blair China is 0.29 (i.e., Modest 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 International and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding William Blair International 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 International. 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

0.66	WBENX	William Blair Emerging	Pair Corr
0.71	WEDIX	William Blair Emerging	Pair Corr
0.7	WEDRX	William Blair Emerging	Pair Corr
0.79	WESNX	William Blair Emerging	Pair Corr
0.79	WESJX	William Blair Emerging	Pair Corr
0.79	BESIX	William Blair Emerging	Pair Corr
0.84	WXCIX	William Blair Emerg	Pair Corr
0.68	WXCRX	William Blair Emerg	Pair Corr
0.66	BIEMX	William Blair Emerging	Pair Corr
1.0	WIISX	William Blair Intern	Pair Corr
0.64	WILJX	William Blair Intern	Pair Corr
0.64	WILIX	William Blair Intern	Pair Corr

Related Correlations Analysis

	WRCGX	WSMDX	WSMRX	WSMNX	WBCIX	WBCRX	WBELX	WBEIX	WBENX	WBGSX
WRCGX		0.18	0.18	0.2	-0.14	-0.14	0.75	0.72	0.78	0.3	WRCGX
WSMDX	0.18		1.0	1.0	0.8	0.8	0.51	0.33	0.35	0.97	WSMDX
WSMRX	0.18	1.0		1.0	0.8	0.8	0.51	0.33	0.35	0.97	WSMRX
WSMNX	0.2	1.0	1.0		0.78	0.78	0.53	0.34	0.37	0.97	WSMNX
WBCIX	-0.14	0.8	0.8	0.78		1.0	0.09	-0.04	0.03	0.63	WBCIX
WBCRX	-0.14	0.8	0.8	0.78	1.0		0.09	-0.04	0.03	0.62	WBCRX
WBELX	0.75	0.51	0.51	0.53	0.09	0.09		0.87	0.94	0.63	WBELX
WBEIX	0.72	0.33	0.33	0.34	-0.04	-0.04	0.87		0.91	0.46	WBEIX
WBENX	0.78	0.35	0.35	0.37	0.03	0.03	0.94	0.91		0.47	WBENX
WBGSX	0.3	0.97	0.97	0.97	0.63	0.62	0.63	0.46	0.47		WBGSX
	WRCGX	WSMDX	WSMRX	WSMNX	WBCIX	WBCRX	WBELX	WBEIX	WBENX	WBGSX

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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

WSMRX	+ 1.0	WSMDX
WSMNX	+ 1.0	WSMDX
WSMNX	+ 1.0	WSMRX
WBCRX	+ 1.0	WBCIX
WBGSX	+ 0.97	WSMDX
WBGSX	+ 0.97	WSMRX

High negative correlations

WBCRX	- 0.14	WRCGX
WBCIX	- 0.14	WRCGX
WBEIX	- 0.04	WBCRX
WBEIX	- 0.04	WBCIX

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	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
WRCGX	1.05	(0.11)	(0.54)	0.00	0.00	2.42	(2.12)	8.01
WSMDX	1.00	(0.12)	(0.93)	0.00	0.00	1.37	(1.62)	14.52
WSMRX	1.00	(0.12)	(0.92)	0.00	0.00	1.36	(1.61)	14.46
WSMNX	1.02	(0.14)	(1.32)	0.00	0.00	1.35	(1.60)	15.53
WBCIX	0.79	0.01	0.05	1.10	(0.78)	1.47	(1.48)	7.12
WBCRX	0.80	0.01	0.05	1.11	(0.78)	1.48	(1.50)	7.16
WBELX	0.54	(0.12)	(0.52)	0.00	0.00	1.08	(1.32)	3.32
WBEIX	0.62	(0.09)	(0.93)	0.00	0.00	1.21	(1.33)	4.00
WBENX	0.62	(0.10)	(0.38)	0.00	0.00	1.24	(1.36)	4.02
WBGSX	1.25	(0.34)	0.99	0.00	0.00	1.59	(1.93)	28.56

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