Metropolitan West Correlations

Mutual Funds . USA . 
Fund . Metropolitan West High
MWHIX Fund  USD 9.26  0.01  0.11%   
The current 90-days correlation between Metropolitan West High and Federated Total Return is 0.19 (i.e., Average diversification). 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.

Metropolitan West Correlation With Market

Very good diversification

The correlation between Metropolitan West High and DJI is -0.21 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan West High and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metropolitan West High. 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 gross domestic product.

Moving together with Metropolitan Mutual Fund

  0.91MWCIX Metropolitan WestPairCorr
  0.9MWCRX Metropolitan WestPairCorr
  0.91MWCPX Metropolitan WestPairCorr
  0.9MWERX Metwest Esg SecuritizedPairCorr
  0.89MWESX Metwest Esg SecuritizedPairCorr
  1.0MWHYX Metropolitan West HighPairCorr
  0.88MWIIX Metropolitan WestPairCorr
  0.9MWIGX Metropolitan WestPairCorr
  0.88MWIMX Metropolitan WestPairCorr
  0.89MWISX Metropolitan WestPairCorr
  0.89MWLIX Metropolitan West LowPairCorr
  0.88MWLNX Metropolitan West LowPairCorr
  0.89MWLDX Metropolitan West LowPairCorr
  0.92MWSIX Metropolitan WestPairCorr
  0.9MWUIX Metropolitan West UltraPairCorr
  0.89MWUSX Metropolitan West UltraPairCorr
  0.91MWSTX Metropolitan WestPairCorr
  0.9MWTIX Metropolitan West TotalPairCorr
  0.89MWTNX Metropolitan West TotalPairCorr
  0.9MWTTX Metropolitan West TotalPairCorr
  0.89MWTSX Metropolitan West TotalPairCorr
  0.89MWTRX Metropolitan West TotalPairCorr
  0.96VWEAX Vanguard High YieldPairCorr
  0.96VWEHX Vanguard High YieldPairCorr
  0.86BHYCX Blackrock Hi YldPairCorr
  0.89BHYIX Blackrock High YieldPairCorr
  0.88BHYSX Blackrock Hi YldPairCorr
  0.88BHYAX Blackrock High YieldPairCorr
  0.91FAHHX American Funds AmericanPairCorr
  0.91FTAHX American Funds AmericanPairCorr
  0.9AHTFX American High IncomePairCorr
  0.89AHTCX American High IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY