Wealthbuilder Moderate Correlations

WMBFX Fund

USD 11.12 0.07 0.63%

The current 90-days correlation between Wealthbuilder Moderate and International Investors Gold is -0.06 (i.e., Good diversification). The correlation of Wealthbuilder Moderate 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.

Wealthbuilder Moderate Correlation With Market

Average diversification

The correlation between Wealthbuilder Moderate Balance 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 Wealthbuilder Moderate Balance 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 Wealthbuilder Moderate Balanced. 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 price.

Moving together with Wealthbuilder Mutual Fund

0.71	EMGNX	Wells Fargo Emerging	Pair Corr
0.77	EMGAX	Wells Fargo Emerging	Pair Corr
0.68	WSCOX	Wells Fargo Advantage	Pair Corr
0.74	WARAX	Wells Fargo Advantage	Pair Corr
0.84	WARCX	Wells Fargo Advantage	Pair Corr
0.7	WSIAX	Wells Fargo Strategic	Pair Corr
0.96	WCAFX	Wealthbuilder Conservative	Pair Corr
0.72	WCCFX	Wealthbuilder Conservative	Pair Corr

Moving against Wealthbuilder Mutual Fund

0.33

STSAX

Wells Fargo Mon

Pair Corr

Related Correlations Analysis

	IIGCX	GCEBX	SGDIX	GLDAX	UNWPX
IIGCX		0.35	0.96	0.92	0.94	IIGCX
GCEBX	0.35		0.34	0.42	0.23	GCEBX
SGDIX	0.96	0.34		0.93	0.94	SGDIX
GLDAX	0.92	0.42	0.93		0.84	GLDAX
UNWPX	0.94	0.23	0.94	0.84		UNWPX
	IIGCX	GCEBX	SGDIX	GLDAX	UNWPX

Risk-Adjusted Indicators

There is a big difference between Wealthbuilder Mutual Fund performing well and Wealthbuilder Moderate 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 Wealthbuilder Moderate'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
IIGCX	1.94	0.30	0.08	0.35	2.83	(1.81)	4.36	(4.40)	13.01
GCEBX	0.75	0.16	0.10	(1.44)	0.83	(0.87)	1.75	(0.99)	6.25
SGDIX	1.72	0.36	0.12	0.42	2.31	(1.77)	3.76	(3.85)	11.53
GLDAX	1.78	0.42	0.13	1.02	2.25	(1.80)	3.92	(3.85)	12.15
UNWPX	2.07	0.21	0.07	0.22	2.86	(2.13)	3.93	(4.84)	11.53

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