Metropolitan West Correlations

Mutual Funds USA . 
Fund . Metropolitan West Intermediate
MWIMX Fund  USD 9.42  0.02  0.21%   
The current 90-days correlation between Metropolitan West and American Funds Inflation is 0.89 (i.e., Very poor 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

Significant diversification

The correlation between Metropolitan West Intermediate and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan West Intermediate 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 Intermediate. 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 population.

Moving together with Metropolitan Mutual Fund

  0.99MWCIX Metropolitan WestPairCorr
  0.97MWCRX Metropolitan WestPairCorr
  0.96MWCPX Metropolitan WestPairCorr
  0.97MWERX Metwest Esg SecuritizedPairCorr
  0.97MWESX Metwest Esg SecuritizedPairCorr
  0.88MWHIX Metropolitan West HighPairCorr
  0.85MWHYX Metropolitan West HighPairCorr
  1.0MWIIX Metropolitan WestPairCorr
  0.99MWIGX Metropolitan WestPairCorr
  0.99MWISX Metropolitan WestPairCorr
  0.99MWLIX Metropolitan West LowPairCorr
  0.99MWLNX Metropolitan West LowPairCorr
  0.99MWLDX Metropolitan West LowPairCorr
  0.98MWSIX Metropolitan WestPairCorr
  0.98MWUIX Metropolitan West UltraPairCorr
  0.98MWUSX Metropolitan West UltraPairCorr
  0.99MWSTX Metropolitan WestPairCorr
  0.99MWTIX Metropolitan West TotalPairCorr
  0.97MWTNX Metropolitan West TotalPairCorr
  0.99MWTTX Metropolitan West TotalPairCorr
  0.99MWTSX Metropolitan West TotalPairCorr
  0.99MWTRX Metropolitan West TotalPairCorr
  0.99PTTPX Pimco Total ReturnPairCorr
  0.99PTRRX Total ReturnPairCorr
  0.99PTRAX Total ReturnPairCorr
  0.97PTTRX Total ReturnPairCorr
  0.99FIWGX Strategic AdvisersPairCorr
  0.95DODIX Dodge IncomePairCorr
  0.84GAAKX Gmo Alternative AlloPairCorr
  0.85GAAGX Gmo Alternative AlloPairCorr
  0.97GPBFX Gmo E PlusPairCorr

Moving against Metropolitan Mutual Fund

  0.89GPMFX Guidepath Managed FuturesPairCorr
  0.89PQTAX Pimco Trends ManagedPairCorr
  0.89PQTNX Pimco Trends ManagedPairCorr
  0.89PQTIX Aa Pimco TrPairCorr

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.

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