Wilmington Global Correlations

WRAIX Fund

USD 13.62 0.03 0.22%

The current 90-days correlation between Wilmington Global Alpha and Siit Emerging Markets is -0.08 (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

Average diversification

The correlation between Wilmington Global Alpha and DJI is 0.19 (i.e., Average 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 gross domestic product.

Moving together with Wilmington Mutual Fund

0.88	WRAAX	Wilmington Global Alpha	Pair Corr
0.86	WDIAX	Wilmington Diversified	Pair Corr
0.86	WDIIX	Wilmington Diversified	Pair Corr
0.77	WMLIX	Wilmington Large Cap	Pair Corr
0.81	JHQCX	Jpmorgan Hedged Equity	Pair Corr
0.81	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.81	JHQAX	Jpmorgan Hedged Equity	Pair Corr
0.77	GTENX	Gateway Fund Class	Pair Corr
0.77	GTECX	Gateway Fund Class	Pair Corr
0.77	GTEYX	Gateway Fund Class	Pair Corr
0.77	GATEX	Gateway Fund Class	Pair Corr
0.83	JHDCX	Jpmorgan Hedged Equity	Pair Corr
0.8	JHDRX	Jpmorgan Hedged Equity	Pair Corr
0.83	JHDAX	Jpmorgan Hedged Equity	Pair Corr
0.8	FTRNX	Fidelity Trend	Pair Corr
0.8	GVCAX	Gabelli Value	Pair Corr
0.61	RA	Brookfield Real Assets	Pair Corr
0.62	WAMIX	Wstcm Credit Select	Pair Corr

Moving against Wilmington Mutual Fund

0.46	WABMX	Wilmington Broad Market	Pair Corr
0.45	WIBMX	Wilmington Broad Market	Pair Corr
0.42	GPBFX	Gmo E Plus	Pair Corr
0.38	GPMFX	Guidepath Managed Futures	Pair Corr
0.36	GAAGX	Gmo Alternative Allo	Pair Corr
0.35	GAAKX	Gmo Alternative Allo	Pair Corr
0.33	PQTAX	Pimco Trends Managed	Pair Corr
0.32	PQTNX	Pimco Trends Managed	Pair Corr
0.32	PQTIX	Aa Pimco Tr	Pair Corr

Related Correlations Analysis

	SMQFX	EPASX	REMVX	SEKRX	IJPTX	FEMDX
SMQFX		0.92	0.95	0.99	0.9	0.33	SMQFX
EPASX	0.92		0.98	0.93	0.92	0.04	EPASX
REMVX	0.95	0.98		0.96	0.94	0.07	REMVX
SEKRX	0.99	0.93	0.96		0.9	0.28	SEKRX
IJPTX	0.9	0.92	0.94	0.9		0.05	IJPTX
FEMDX	0.33	0.04	0.07	0.28	0.05		FEMDX
	SMQFX	EPASX	REMVX	SEKRX	IJPTX	FEMDX

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 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
SMQFX	0.55	0.08	(0.04)	8.35	0.63	(0.59)	1.27	(1.18)	3.52
EPASX	0.70	0.07	(0.05)	(0.70)	0.97	(0.73)	1.52	(1.67)	6.54
REMVX	0.83	0.09	(0.03)	(1.23)	1.03	(0.90)	1.74	(1.98)	6.85
SEKRX	0.71	0.11	(0.01)	(3.57)	0.73	(0.79)	1.85	(1.29)	5.33
IJPTX	0.66	0.01	(0.09)	0.14	0.72	(0.71)	1.33	(1.15)	4.37
FEMDX	0.15	0.03	(0.33)	0.56	0.00	(0.21)	0.33	(0.25)	1.08

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