Metropolitan West Correlations

Mutual Funds . USA . 
Fund . Metropolitan West Total
MWTSX Fund  USD 8.50  0.03  0.35%   
The current 90-days correlation between Metropolitan West Total and Metropolitan West Total is 0.98 (i.e., Almost no 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 -0.15 (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 state.

Moving together with Metropolitan Mutual Fund

  0.9MWCSX Metropolitan West PoratePairCorr
  0.83MWCRX Metropolitan WestPairCorr
  0.99MWERX Metwest Esg SecuritizedPairCorr
  1.0MWIIX Metropolitan WestPairCorr
  1.0MWIMX Metropolitan WestPairCorr
  0.93MWLIX Metropolitan West LowPairCorr
  0.93MWLDX Metropolitan West LowPairCorr
  0.81MWSIX Metropolitan WestPairCorr
  0.62MWUIX Metropolitan West UltraPairCorr
  0.83MWSTX Metropolitan WestPairCorr
  1.0MWTIX Metropolitan West TotalPairCorr
  1.0MWTNX Metropolitan West TotalPairCorr
  1.0MWTTX Metropolitan West TotalPairCorr
  1.0MWTRX Metropolitan West TotalPairCorr
  0.99PTTPX Pimco Total ReturnPairCorr
  1.0PTRRX Total ReturnPairCorr
  1.0PTRAX Total ReturnPairCorr
  0.99PTTRX Total ReturnPairCorr
  1.0FIWGX Strategic AdvisersPairCorr
  1.0DODIX Dodge IncomePairCorr

Moving against Metropolitan Mutual Fund

  0.76MWFRX Metropolitan WestPairCorr
  0.5MWFLX Metropolitan WestPairCorr
  0.83KSOCX Kinetics Small Cap Steady GrowthPairCorr
  0.83KSCYX Kinetics Small Cap Steady GrowthPairCorr
  0.83KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.83WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.83LETRX Voya Russia FundPairCorr
  0.83KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.83KSCOX Kinetics Small Cap Steady GrowthPairCorr
  0.83LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.81KINAX Kinetics InternetPairCorr
  0.81KINCX Kinetics InternetPairCorr
  0.8MLMAX Global E PortfolioPairCorr
  0.79TLCYX Touchstone Large CapPairCorr
  0.78AMEIX Equity GrowthPairCorr
  0.75VFINX Vanguard 500 IndexPairCorr
  0.75VFIAX Vanguard 500 IndexPairCorr
  0.73SAGAX Ridgeworth InnovativePairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
MWTNX  0.24 (0.02) 0.00  0.52  0.00 
 0.00 
 0.44 
(0.77)
 1.55 
MWTSX  0.26 (0.02) 0.00  0.42  0.00 
 0.00 
 0.48 
(0.70)
 1.66 
PTTPX  0.22 (0.02) 0.00  0.50  0.00 
 0.00 
 0.35 
(0.58)
 1.40 
PTRRX  0.22 (0.02) 0.00  0.53  0.00 
 0.00 
 0.35 
(0.58)
 1.40 
PTRAX  0.22 (0.02) 0.00  0.53  0.00 
 0.00 
 0.35 
(0.58)
 1.40 
PTTRX  0.23 (0.01) 0.00  0.45  0.00 
 0.00 
 0.35 
(0.58)
 1.40 
FIWGX  0.23 (0.01) 0.00  0.20  0.00 
 0.00 
 0.55 
(0.65)
 1.53 
DODIX  0.24 (0.02) 0.00  0.46  0.00 
 0.00 
 0.47 
(0.63)
 1.43 
MWTIX  0.24 (0.02) 0.00  0.49  0.00 
 0.00 
 0.45 
(0.77)
 1.56 
MWTRX  0.26 (0.02) 0.00  0.50  0.00 
 0.00 
 0.45 
(0.77)
 1.56 

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