Wilmington Global Correlations

WRAAX Fund

USD 13.13 0.03 0.23%

The current 90-days correlation between Wilmington Global Alpha and Alger Health Sciences is -0.06 (i.e., Good diversification). The correlation of Wilmington Global 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 Global Correlation With Market

Very weak diversification

The correlation between Wilmington Global Alpha and DJI is 0.49 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Global Alpha 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 Global Alpha. 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	WRAIX	Wilmington Global Alpha	Pair Corr
0.73	WABMX	Wilmington Broad Market	Pair Corr
0.88	WDIAX	Wilmington Diversified	Pair Corr
0.89	WDIIX	Wilmington Diversified	Pair Corr
0.72	WIBMX	Wilmington Broad Market	Pair Corr
0.74	WINAX	Wilmington International	Pair Corr
0.74	WINIX	Wilmington International	Pair Corr
0.81	WMLIX	Wilmington Large Cap	Pair Corr
0.74	WMMRX	Wilmington Multi-manager	Pair Corr
0.74	WMRIX	Wilmington Multi Man	Pair Corr
0.65	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.63	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.63	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.61	GTECX	Gateway Fund Class	Pair Corr
0.62	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.8	HIBCX	Hartford Capital App	Pair Corr
0.87	WISEX	Azzad Wise Capital	Pair Corr

Moving against Wilmington Mutual Fund

0.33

LETRX

Voya Russia Fund

Pair Corr

Related Correlations Analysis

	AHSCX	BHSRX	ETAHX	GTHCX	LYFAX
AHSCX		0.85	0.83	0.87	0.89	AHSCX
BHSRX	0.85		0.89	0.94	0.91	BHSRX
ETAHX	0.83	0.89		0.82	0.91	ETAHX
GTHCX	0.87	0.94	0.82		0.88	GTHCX
LYFAX	0.89	0.91	0.91	0.88		LYFAX
	AHSCX	BHSRX	ETAHX	GTHCX	LYFAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Global 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 Global'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
AHSCX	0.62	(0.01)	0.00	(0.96)	0.00	0.00	1.30	(1.39)	4.11
BHSRX	0.72	(0.11)	0.00	(0.16)	0.00	0.00	1.18	(1.63)	6.63
ETAHX	1.20	(0.07)	0.00	(0.06)	0.00	0.00	2.03	(2.84)	7.26
GTHCX	0.81	(0.18)	0.00	(0.27)	0.00	0.00	1.09	(1.72)	10.87
LYFAX	0.64	(0.01)	(0.08)	(0.24)	0.92	(0.60)	1.12	(1.57)	3.57

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