Wilmington New Correlations

WNYAX Fund

USD 9.87 0.01 0.10%

The current 90-days correlation between Wilmington New York and Gmo High Yield is 0.27 (i.e., Modest diversification). The correlation of Wilmington New 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 New Correlation With Market

Very good diversification

The correlation between Wilmington New York and DJI is -0.27 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington New York 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 New York. 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

0.85	WABMX	Wilmington Broad Market	Pair Corr
0.98	WTABX	Wilmington Municipal Bond	Pair Corr
0.98	WTAIX	Wilmington Municipal Bond	Pair Corr
0.85	WIBMX	Wilmington Broad Market	Pair Corr
0.99	WNYIX	Wilmington New York	Pair Corr
0.99	FKNRX	Franklin New York	Pair Corr
0.99	FNYZX	Franklin New York	Pair Corr
0.99	FKNQX	Franklin New York	Pair Corr
1.0	FKNCX	Franklin New York	Pair Corr
0.99	FKNIX	Franklin New York	Pair Corr
0.97	ALNVX	Ab New York	Pair Corr
0.91	ALNYX	Ab New York	Pair Corr
0.99	ANYCX	Ab New York	Pair Corr
0.99	OWNYX	Old Westbury New	Pair Corr
0.78	GABFX	Gmo Asset Allocation	Pair Corr

Moving against Wilmington Mutual Fund

0.49	WMLIX	Wilmington Large Cap	Pair Corr
0.31	WDIAX	Wilmington Diversified	Pair Corr
0.31	WDIIX	Wilmington Diversified	Pair Corr
0.51	GRSPX	Greenspring Fund Retail	Pair Corr
0.51	FCNTX	Fidelity Contrafund	Pair Corr
0.49	GMCQX	Gmo Equity Allocation	Pair Corr
0.49	JDCAX	Janus Forty Fund	Pair Corr
0.44	GCAVX	Gmo Small Cap	Pair Corr
0.36	WBCIX	William Blair Small	Pair Corr
0.33	FEQIX	Fidelity Equity Income	Pair Corr
0.31	VBIAX	Vanguard Balanced Index	Pair Corr

Related Correlations Analysis

	GMOZX	ARTFX	PYICX	PHYSX	PKHIX	ACHFX	PHDTX
GMOZX		0.86	0.94	0.84	0.89	0.89	0.91	GMOZX
ARTFX	0.86		0.91	0.93	0.96	0.94	0.96	ARTFX
PYICX	0.94	0.91		0.82	0.94	0.93	0.88	PYICX
PHYSX	0.84	0.93	0.82		0.92	0.86	0.96	PHYSX
PKHIX	0.89	0.96	0.94	0.92		0.93	0.93	PKHIX
ACHFX	0.89	0.94	0.93	0.86	0.93		0.92	ACHFX
PHDTX	0.91	0.96	0.88	0.96	0.93	0.92		PHDTX
	GMOZX	ARTFX	PYICX	PHYSX	PKHIX	ACHFX	PHDTX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington New 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 New'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
GMOZX	0.13	0.00	(0.51)	0.14	(0.17)	0.28	(0.33)	0.72
ARTFX	0.12	0.03	(0.59)	0.57	(0.20)	0.33	(0.22)	1.01
PYICX	0.11	0.01	(0.60)	0.25	(0.17)	0.22	(0.22)	0.78
PHYSX	0.10	0.02	(0.55)	0.38	(0.16)	0.22	(0.22)	0.78
PKHIX	0.11	0.02	(0.50)	0.41	(0.18)	0.34	(0.22)	0.90
ACHFX	0.13	0.02	(0.54)	(0.94)	(0.21)	0.35	(0.23)	0.93
PHDTX	0.09	0.01	(0.63)	0.33	(0.15)	0.23	(0.22)	0.56

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