Wiaagx Correlations

Funds . USA . 
Fund . Wiaagx
WIAAGX Fund   21.85  0.04  0.18%   
The current 90-days correlation between Wiaagx and Vanguard Total Stock is -0.06 (i.e., Good diversification). The correlation of Wiaagx 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.

Wiaagx Correlation With Market

Almost no diversification

The correlation between Wiaagx and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wiaagx 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 Wiaagx. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Wiaagx Fund

  0.98VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.74NHS Neuberger Berman HighPairCorr
  0.86PFE Pfizer IncPairCorr
  0.92AA Alcoa CorpPairCorr
  0.9DD Dupont De Nemours Earnings Call This WeekPairCorr
  0.98CSCO Cisco SystemsPairCorr
  0.93IBM International Business Earnings Call TomorrowPairCorr
  0.96DIS Walt DisneyPairCorr
  0.82CVX Chevron CorpPairCorr
  0.97CAT CaterpillarPairCorr
  0.94BA Boeing Earnings Call This WeekPairCorr
  0.98MSFT Microsoft Aggressive PushPairCorr

Moving against Wiaagx Fund

  0.55KO Coca Cola Earnings Call TodayPairCorr
  0.39VZ Verizon Communications Aggressive PushPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Wiaagx Fund performing well and Wiaagx 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 Wiaagx'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.66  0.25  0.11 (3.55) 0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.26  0.55 
(0.74)
 2.02 
(1.11)
 4.88 
VTSMX  0.66  0.25  0.11 (2.79) 0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.11  0.11  0.26  0.55 
(0.73)
 2.07 
(1.17)
 5.05 
VSTSX  0.66  0.25  0.11 (2.80) 0.55 
(0.73)
 2.08 
(1.17)
 5.04 
VSMPX  0.66  0.25  0.11 (2.80) 0.55 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.65  0.12  0.11  0.27  0.54 
(0.75)
 2.02 
(1.11)
 4.88 
VFFSX  0.65  0.24  0.10 (3.33) 0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.46  0.21  0.10 (4.97) 0.17 
(0.52)
 1.31 
(0.84)
 3.09 
VTIAX  0.46  0.21  0.10 (4.77) 0.19 
(0.52)
 1.35 
(0.86)
 3.10 

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