Washington Mutual Correlations

Mutual Funds . USA . 
Fund . Washington Mutual Investors
CWMFX Fund  USD 61.63  0.37  0.60%   
The current 90-days correlation between Washington Mutual and Ep Emerging Markets is 0.07 (i.e., Significant 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

Very poor diversification

The correlation between Washington Mutual Investors and DJI is 0.82 (i.e., Very poor 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 census.

Moving together with Washington Mutual Fund

  0.91AMFCX American MutualPairCorr
  0.9AMFFX American MutualPairCorr
  0.68RNCCX American Funds IncomePairCorr
  0.83RNGBX New Economy FundPairCorr
  0.67FPTPX American Funds ConsePairCorr
  0.98RNPAX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.84ANCFX American Funds FundaPairCorr
  0.81ANEFX New Economy FundPairCorr
  0.84ANFFX New Economy FundPairCorr
  0.98NPFFX New PerspectivePairCorr
  0.93PGGFX American Funds GlobalPairCorr
  0.9ANWPX New PerspectivePairCorr
  0.96CWGIX Capital World GrowthPairCorr
  0.96CWGFX Capital World GrowthPairCorr
  0.96CWGCX Capital World GrowthPairCorr
  0.96CWICX Capital World GrowthPairCorr
  0.96CWIAX Capital World GrowthPairCorr
  0.98FAITX American Funds 2050PairCorr
  0.63FAKTX American Funds 2015PairCorr
  0.88CFNFX American Funds FundaPairCorr
  0.88CFNEX American Funds FundaPairCorr
  0.77GWPDX American Funds GrowthPairCorr
  0.82GWPEX American Funds GrowthPairCorr
  0.82GWPFX American Funds GrowthPairCorr
  0.96FAWTX American Funds 2060PairCorr

Related Correlations Analysis

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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.

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