Washington Mutual Correlations

AWSHX Fund

USD 63.92 0.01 0.02%

The current 90-days correlation between Washington Mutual and Hartford Healthcare Hls is -0.01 (i.e., Good diversification). The correlation of Washington Mutual 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.

Washington Mutual Correlation With Market

Good diversification

The correlation between Washington Mutual Investors and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Washington Mutual Investors and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Washington Mutual Investors. 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 rate.

Moving together with Washington Mutual Fund

0.77	AMECX	Income Fund	Pair Corr
0.92	RNEBX	New World Fund	Pair Corr
0.93	AMFCX	American Mutual	Pair Corr
0.93	AMFFX	American Mutual	Pair Corr
0.84	RNCCX	American Funds Income	Pair Corr
0.88	AMEFX	Income Fund	Pair Corr
0.86	RNGGX	New Economy Fund	Pair Corr
0.85	RNGHX	New Economy Fund	Pair Corr
0.78	RNGBX	New Economy Fund	Pair Corr
0.83	RNGAX	New Economy Fund	Pair Corr
0.85	RNGCX	New Economy Fund	Pair Corr
0.78	AMHIX	American High Income	Pair Corr
0.76	TEBCX	Tax Exempt Bond	Pair Corr
0.73	TECCX	Tax Exempt Fund	Pair Corr
0.77	TEAFX	Tax Exempt Bond	Pair Corr
0.91	FPTPX	American Funds Conse	Pair Corr
0.74	TECFX	Tax Exempt Fund	Pair Corr
0.74	TEFEX	Tax Exempt Fund	Pair Corr
0.74	RNNEX	New Economy Fund	Pair Corr
0.94	CDJAX	American Funds College	Pair Corr
0.8	AMPCX	Amcap Fund Class	Pair Corr
0.75	AMPFX	Amcap Fund Class	Pair Corr
0.92	RNPAX	New Perspective	Pair Corr
0.96	RNPHX	New Perspective	Pair Corr
0.96	RNPGX	New Perspective	Pair Corr
0.92	RNPEX	New Perspective	Pair Corr
0.93	AMRMX	American Mutual	Pair Corr
0.93	AMRFX	American Mutual	Pair Corr
0.67	RNRPX	American Funds Retirement	Pair Corr
0.76	AMUSX	Us Government Securities	Pair Corr
0.75	TEPCX	American Funds Tax	Pair Corr
0.91	RNWFX	New World Fund	Pair Corr
0.93	RNWHX	New World Fund	Pair Corr
0.93	RNWGX	New World Fund	Pair Corr
0.92	RNWBX	New World Fund	Pair Corr
0.92	RNWAX	New World Fund	Pair Corr
0.92	RNWCX	New World Fund	Pair Corr
0.71	CDWEX	American Funds Developing	Pair Corr
0.67	CDWFX	American Funds Developing	Pair Corr

Related Correlations Analysis

	HIAHX	SWHFX	XHQHX	HHCZX	BGHDX	SCHLX	DLRHX
HIAHX		0.67	0.77	0.71	-0.07	0.91	0.66	HIAHX
SWHFX	0.67		0.53	0.29	0.14	0.71	0.66	SWHFX
XHQHX	0.77	0.53		0.78	0.04	0.87	0.54	XHQHX
HHCZX	0.71	0.29	0.78		-0.07	0.73	0.36	HHCZX
BGHDX	-0.07	0.14	0.04	-0.07		-0.01	-0.17	BGHDX
SCHLX	0.91	0.71	0.87	0.73	-0.01		0.67	SCHLX
DLRHX	0.66	0.66	0.54	0.36	-0.17	0.67		DLRHX
	HIAHX	SWHFX	XHQHX	HHCZX	BGHDX	SCHLX	DLRHX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SCHLX	+ 0.91	HIAHX
SCHLX	+ 0.87	XHQHX
HHCZX	+ 0.78	XHQHX
XHQHX	+ 0.77	HIAHX
SCHLX	+ 0.73	HHCZX
HHCZX	+ 0.71	HIAHX

High negative correlations

DLRHX	- 0.17	BGHDX
BGHDX	- 0.07	HHCZX
BGHDX	- 0.07	HIAHX
SCHLX	- 0.01	BGHDX

Risk-Adjusted Indicators

There is a big difference between Washington Mutual Fund performing well and Washington Mutual 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 Washington Mutual'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
HIAHX	0.63	(0.06)	(0.14)	1.39	(1.49)	3.28
SWHFX	0.69	(0.11)	4.36	1.54	(1.20)	7.88
XHQHX	0.82	(0.03)	0.11	1.74	(1.66)	5.93
HHCZX	0.14	(0.02)	(1.29)	0.30	(0.30)	0.91
BGHDX	0.34	(0.03)	0.21	0.17	(0.85)	8.70
SCHLX	0.60	(0.02)	0.51	1.27	(1.22)	2.98
DLRHX	0.79	(0.21)	7.24	1.31	(1.41)	12.01

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