Walden Midcap Correlations

WAMFX Fund

USD 22.41 0.09 0.40%

The current 90-days correlation between Walden Midcap and Boston Trust Midcap is 1.0 (i.e., No risk reduction). The correlation of Walden Midcap 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.

Walden Midcap Correlation With Market

Poor diversification

The correlation between Walden Midcap Fund and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walden Midcap Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walden Midcap Fund. 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 census.

Moving together with Walden Mutual Fund

0.94	WSBFX	Walden Asset Management	Pair Corr
0.93	WSEFX	Walden Equity	Pair Corr
0.94	BTBFX	Boston Trust Asset	Pair Corr
0.94	BTEFX	Boston Trust Equity	Pair Corr
1.0	BTMFX	Boston Trust Midcap	Pair Corr
0.93	BOSOX	Boston Trust Small	Pair Corr
0.89	VIMAX	Vanguard Mid Cap	Pair Corr
0.89	VIMSX	Vanguard Mid Cap	Pair Corr
0.89	VMCPX	Vanguard Mid Cap	Pair Corr
0.89	VMCIX	Vanguard Mid Cap	Pair Corr
0.84	VEXAX	Vanguard Extended Market	Pair Corr
0.84	VEMPX	Vanguard Extended Market	Pair Corr
0.84	VIEIX	Vanguard Extended Market	Pair Corr
0.84	VSEMX	Vanguard Extended Market	Pair Corr
0.84	VEXMX	Vanguard Extended Market	Pair Corr
0.84	FSMAX	Fidelity Extended Market	Pair Corr
0.8	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.8	RYVLX	Nasdaq 100 2x	Pair Corr
0.8	RYVYX	Nasdaq 100 2x	Pair Corr
0.8	UOPIX	Ultra Nasdaq 100	Pair Corr
0.79	RYCCX	Nasdaq 100 2x	Pair Corr
0.79	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.81	INPIX	Internet Ultrasector	Pair Corr
0.82	INPSX	Internet Ultrasector	Pair Corr

Moving against Walden Mutual Fund

0.38	BISMX	Brandes International	Pair Corr
0.31	USGDX	Morgan Stanley Government	Pair Corr
0.31	ABNOX	Ab Bond Inflation	Pair Corr

Related Correlations Analysis

	BTMFX	WSEFX	ACLAX	BASMX	BOSOX
BTMFX		0.91	0.66	0.86	0.93	BTMFX
WSEFX	0.91		0.43	0.97	0.95	WSEFX
ACLAX	0.66	0.43		0.41	0.48	ACLAX
BASMX	0.86	0.97	0.41		0.94	BASMX
BOSOX	0.93	0.95	0.48	0.94		BOSOX
	BTMFX	WSEFX	ACLAX	BASMX	BOSOX

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Risk-Adjusted Indicators

There is a big difference between Walden Mutual Fund performing well and Walden Midcap 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 Walden Midcap'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
BTMFX	0.67	(0.06)	(0.16)	1.09	(1.31)	3.61
WSEFX	0.65	(0.06)	(0.15)	0.98	(1.48)	3.54
ACLAX	0.75	(0.07)	(0.15)	1.19	(1.57)	7.09
BASMX	0.82	(0.05)	(0.12)	1.35	(1.86)	4.62
BOSOX	0.82	(0.12)	(0.21)	1.21	(1.56)	3.67

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