Washington Mutual Correlations

Mutual Funds . USA . 
Fund . Washington Mutual Investors
RWMBX Fund  USD 60.77  0.36  0.59%   
The current 90-days correlation between Washington Mutual and Growth Fund Of is 0.75 (i.e., Poor diversification). The correlation of Washington Mutual 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.

Washington Mutual Correlation With Market

Poor diversification

The correlation between Washington Mutual Investors and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Washington Mutual Investors and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Washington Mutual Investors. 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 bureau of labor statistics.

Moving together with Washington Mutual Fund

  0.89AMFCX American MutualPairCorr
  0.88AMFFX American MutualPairCorr
  0.65RNCCX American Funds IncomePairCorr
  0.82RNGBX New Economy FundPairCorr
  0.64FPTPX American Funds ConsePairCorr
  0.97RNPAX New PerspectivePairCorr
  0.98RNPGX New PerspectivePairCorr
  0.61RNWAX New World FundPairCorr
  0.87ANCFX American Funds FundaPairCorr
  0.83ANEFX New Economy FundPairCorr
  0.83ANFFX New Economy FundPairCorr
  0.98NPFFX New PerspectivePairCorr
  0.82PGGFX American Funds GlobalPairCorr
  0.82ANWPX New PerspectivePairCorr
  0.93CWGIX Capital World GrowthPairCorr
  0.93CWGFX Capital World GrowthPairCorr
  0.93CWGCX Capital World GrowthPairCorr
  0.93CWICX Capital World GrowthPairCorr
  0.93CWIAX Capital World GrowthPairCorr
  0.92FAITX American Funds 2050PairCorr
  0.88CFNFX American Funds FundaPairCorr
  0.81CFNEX American Funds FundaPairCorr
  0.68GWPDX American Funds GrowthPairCorr
  0.67GWPEX American Funds GrowthPairCorr
  0.67GWPFX American Funds GrowthPairCorr
  0.9FAWTX American Funds 2060PairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
RSLBX
+ 0.96
RGABX
RLBBX
+ 0.84
RGABX
RSLBX
+ 0.75
RLBBX
RBFBX
+ 0.7
RERBX
RLBBX
+ 0.51
RERBX
RERBX
+ 0.04
RGABX
  
High negative correlations   
RBFBX
- 0.64
RSLBX
RBFBX
- 0.55
RGABX
RSLBX
- 0.07
RERBX
RBFBX
- 0.05
RLBBX

Risk-Adjusted Indicators

There is a big difference between Washington Mutual Fund performing well and Washington Mutual 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 Washington Mutual'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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