Metropolitan West Correlations

MWCSX Fund

USD 9.23 0.00 0.00%

The correlation of Metropolitan West 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metropolitan West Porate. 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 state.

Related Correlations Analysis

	OWFIX	TOIIX	DHGCX	PAEIX	DBLFX	SPRDX
OWFIX		0.93	0.81	0.91	0.97	0.91	OWFIX
TOIIX	0.93		0.69	0.97	0.91	0.91	TOIIX
DHGCX	0.81	0.69		0.72	0.86	0.77	DHGCX
PAEIX	0.91	0.97	0.72		0.88	0.92	PAEIX
DBLFX	0.97	0.91	0.86	0.88		0.91	DBLFX
SPRDX	0.91	0.91	0.77	0.92	0.91		SPRDX
	OWFIX	TOIIX	DHGCX	PAEIX	DBLFX	SPRDX

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Risk-Adjusted Indicators

There is a big difference between Metropolitan Mutual Fund performing well and Metropolitan West 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 Metropolitan West'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
OWFIX	0.18	0.01	0.04	2.06	0.13	(0.22)	0.40	(0.40)	1.01
TOIIX	0.64	0.20	0.23	0.40	0.55	(0.71)	1.51	(1.47)	5.44
DHGCX	0.18	(0.01)	0.00	0.54	0.00	0.00	0.36	(0.36)	1.46
PAEIX	0.67	0.09	0.10	0.16	0.79	(0.71)	1.50	(1.54)	4.54
DBLFX	0.22	0.01	0.04	(0.21)	0.19	(0.27)	0.54	(0.33)	1.33
SPRDX	0.70	0.00	(0.01)	0.02	1.18	(0.64)	1.35	(1.59)	4.63

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Metropolitan West Correlations

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