Wilmington Multi Correlations

WMMRX Fund

USD 14.60 0.10 0.69%

The current 90-days correlation between Wilmington Multi Man and Barings Global Floating is 0.06 (i.e., Significant diversification). The correlation of Wilmington Multi 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 Multi Correlation With Market

Modest diversification

The correlation between Wilmington Multi Manager Real and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wilmington Multi Manager Real 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 Multi Manager Real. 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 metropolitan statistical area.

Moving together with Wilmington Mutual Fund

0.64	RIRAX	Capital Income Builder	Pair Corr
0.64	RIRCX	Capital Income Builder	Pair Corr
0.64	RIRFX	Capital Income Builder	Pair Corr
0.64	CIREX	Capital Income Builder	Pair Corr
0.64	RIRBX	Capital Income Builder	Pair Corr
0.64	CAIFX	Capital Income Builder	Pair Corr
0.64	CIRFX	Capital Income Builder	Pair Corr
0.64	CIRAX	Capital Income Builder	Pair Corr

Moving against Wilmington Mutual Fund

0.54	HPQ	HP Inc	Pair Corr
0.48	TRV	The Travelers Companies	Pair Corr
0.48	WMT	Walmart Sell-off Trend	Pair Corr
0.42	VZ	Verizon Communications Aggressive Push	Pair Corr

Related Correlations Analysis

	BXFIX	CBSYX	WRLDX	RGGCX	MSTGX	CAEIX
BXFIX		0.94	0.97	0.97	0.95	0.96	BXFIX
CBSYX	0.94		0.95	0.98	0.97	0.98	CBSYX
WRLDX	0.97	0.95		0.97	0.97	0.96	WRLDX
RGGCX	0.97	0.98	0.97		0.97	0.99	RGGCX
MSTGX	0.95	0.97	0.97	0.97		0.97	MSTGX
CAEIX	0.96	0.98	0.96	0.99	0.97		CAEIX
	BXFIX	CBSYX	WRLDX	RGGCX	MSTGX	CAEIX

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Risk-Adjusted Indicators

There is a big difference between Wilmington Mutual Fund performing well and Wilmington Multi 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 Multi'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
BXFIX	0.10	0.03	(1.29)	1.00	0.00	(0.21)	0.48	(0.12)	0.82
CBSYX	0.27	0.05	(0.23)	0.36	0.00	(0.32)	0.56	(0.56)	2.07
WRLDX	0.50	0.15	(0.12)	(1.35)	0.36	(0.56)	1.20	(0.84)	2.90
RGGCX	0.50	0.10	0.07	0.35	0.00	(0.61)	1.67	(0.96)	3.66
MSTGX	0.26	0.11	(0.26)	(2.40)	0.00	(0.32)	0.65	(0.54)	1.55
CAEIX	0.65	0.21	0.16	0.54	0.26	(0.85)	1.70	(1.05)	4.46

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