Metropolitan West Correlations

MWTNX Fund

USD 9.02 0.02 0.22%

The current 90-days correlation between Metropolitan West Total and Tiaa Cref High Yield Fund is 0.46 (i.e., Very weak 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

Good diversification

The correlation between Metropolitan West Total and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan West Total 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 Total. 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 board of governors.

Moving together with Metropolitan Mutual Fund

0.96	MWCIX	Metropolitan West	Pair Corr
0.96	MWCRX	Metropolitan West	Pair Corr
0.96	MWCPX	Metropolitan West	Pair Corr
0.96	MWERX	Metwest Esg Securitized	Pair Corr
1.0	MWESX	Metwest Esg Securitized	Pair Corr
0.91	MWHIX	Metropolitan West High	Pair Corr
0.89	MWHYX	Metropolitan West High	Pair Corr
0.96	MWIIX	Metropolitan West	Pair Corr
0.96	MWIGX	Metropolitan West	Pair Corr
0.99	MWIMX	Metropolitan West	Pair Corr
0.96	MWISX	Metropolitan West	Pair Corr
0.96	MWLIX	Metropolitan West Low	Pair Corr
0.95	MWLNX	Metropolitan West Low	Pair Corr
0.96	MWLDX	Metropolitan West Low	Pair Corr
0.95	MWSIX	Metropolitan West	Pair Corr
0.95	MWUIX	Metropolitan West Ultra	Pair Corr
0.94	MWUSX	Metropolitan West Ultra	Pair Corr
0.95	MWSTX	Metropolitan West	Pair Corr
0.96	MWTIX	Metropolitan West Total	Pair Corr
0.96	MWTTX	Metropolitan West Total	Pair Corr
0.96	MWTSX	Metropolitan West Total	Pair Corr
0.96	MWTRX	Metropolitan West Total	Pair Corr
0.97	PTTPX	Pimco Total Return	Pair Corr
0.97	PTRRX	Total Return	Pair Corr
0.97	PTRAX	Total Return	Pair Corr
0.97	PTTRX	Total Return	Pair Corr
0.96	FIWGX	Strategic Advisers	Pair Corr
0.95	DODIX	Dodge Income	Pair Corr
0.8	GAAKX	Gmo Alternative Allo	Pair Corr
0.8	GAAGX	Gmo Alternative Allo	Pair Corr
0.99	GPBFX	Gmo E Plus	Pair Corr

Moving against Metropolitan Mutual Fund

0.87	PQTAX	Pimco Trends Managed	Pair Corr
0.86	PQTNX	Pimco Trends Managed	Pair Corr
0.86	PQTIX	Aa Pimco Tr	Pair Corr
0.85	GPMFX	Guidepath Managed Futures	Pair Corr

Related Correlations Analysis

	TIYRX	RHYKX	OHSHX	ARTFX	RHYAX	WAYRX	BXHCX	CWFIX
TIYRX		0.9	0.97	0.98	0.96	0.9	0.99	0.85	TIYRX
RHYKX	0.9		0.9	0.92	0.9	0.96	0.9	0.96	RHYKX
OHSHX	0.97	0.9		0.96	0.98	0.92	0.97	0.89	OHSHX
ARTFX	0.98	0.92	0.96		0.95	0.92	0.98	0.9	ARTFX
RHYAX	0.96	0.9	0.98	0.95		0.94	0.97	0.9	RHYAX
WAYRX	0.9	0.96	0.92	0.92	0.94		0.92	0.96	WAYRX
BXHCX	0.99	0.9	0.97	0.98	0.97	0.92		0.86	BXHCX
CWFIX	0.85	0.96	0.89	0.9	0.9	0.96	0.86		CWFIX
	TIYRX	RHYKX	OHSHX	ARTFX	RHYAX	WAYRX	BXHCX	CWFIX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TIYRX	0.15	0.00	0.00	(0.05)	0.13	(0.21)	0.45	(0.34)	1.03
RHYKX	0.15	0.02	0.06	0.19	0.00	(0.26)	0.37	(0.36)	0.92
OHSHX	0.13	0.01	0.01	(0.20)	0.12	(0.18)	0.23	(0.23)	1.02
ARTFX	0.13	0.01	0.01	(0.14)	0.07	(0.19)	0.44	(0.22)	0.89
RHYAX	0.13	0.01	0.01	(0.22)	0.10	(0.18)	0.31	(0.31)	1.14
WAYRX	0.16	0.01	0.04	0.09	0.07	(0.26)	0.44	(0.29)	1.02
BXHCX	0.13	0.00	(0.01)	(0.03)	0.12	(0.20)	0.37	(0.37)	1.00
CWFIX	0.08	0.01	0.06	0.19	0.00	(0.12)	0.11	(0.11)	0.53

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