Walden Smid Correlations

WASMX Fund

USD 23.75 0.12 0.50%

The current 90-days correlation between Walden Smid Cap and Walden Midcap Fund is 0.98 (i.e., Almost no diversification). The correlation of Walden Smid 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 Smid Correlation With Market

Poor diversification

The correlation between Walden Smid Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walden Smid Cap 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 Smid Cap. 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 Walden Mutual Fund

0.98	WAMFX	Walden Midcap	Pair Corr
0.94	WSBFX	Walden Asset Management	Pair Corr
0.94	WSEFX	Walden Equity	Pair Corr
0.92	BTBFX	Boston Trust Asset	Pair Corr
0.94	BTEFX	Boston Trust Equity	Pair Corr
0.98	BTMFX	Boston Trust Midcap	Pair Corr
1.0	BTSMX	Boston Trust Smid	Pair Corr
0.97	BOSOX	Boston Trust Small	Pair Corr
0.87	VIMAX	Vanguard Mid Cap	Pair Corr
0.87	VIMSX	Vanguard Mid Cap	Pair Corr
0.91	VMCPX	Vanguard Mid Cap	Pair Corr
0.91	VMCIX	Vanguard Mid Cap	Pair Corr
0.9	VEXAX	Vanguard Extended Market	Pair Corr
0.9	VEMPX	Vanguard Extended Market	Pair Corr
0.9	VIEIX	Vanguard Extended Market	Pair Corr
0.9	VSEMX	Vanguard Extended Market	Pair Corr
0.9	VEXMX	Vanguard Extended Market	Pair Corr
0.9	FSMAX	Fidelity Extended Market	Pair Corr
0.76	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Walden Mutual Fund

0.44	PACEX	T Rowe Price	Pair Corr
0.43	UGPIX	Ultrachina Profund	Pair Corr
0.43	UGPSX	Ultrachina Profund	Pair Corr
0.42	VIITX	Vanguard Institutional	Pair Corr
0.38	MBOYX	Madison E Bond	Pair Corr
0.33	NWHMX	Nationwide Bailard	Pair Corr
0.33	PBDPX	Pimco Investment Grade	Pair Corr
0.31	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.31	UIINX	Income Fund Income	Pair Corr
0.51	AGIVX	Invesco Government	Pair Corr
0.4	GCMDX	Goldman Sachs Local	Pair Corr

Related Correlations Analysis

	WAMFX	CCVAX	CWVIX	CIPMX	CAMUX
WAMFX		0.94	0.05	0.88	0.76	WAMFX
CCVAX	0.94		-0.12	0.89	0.74	CCVAX
CWVIX	0.05	-0.12		-0.16	-0.12	CWVIX
CIPMX	0.88	0.89	-0.16		0.88	CIPMX
CAMUX	0.76	0.74	-0.12	0.88		CAMUX
	WAMFX	CCVAX	CWVIX	CIPMX	CAMUX

Click cells to compare fundamentals

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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

CCVAX	+ 0.94	WAMFX
CIPMX	+ 0.89	CCVAX
CIPMX	+ 0.88	WAMFX
CAMUX	+ 0.88	CIPMX
CAMUX	+ 0.76	WAMFX
CAMUX	+ 0.74	CCVAX

High negative correlations

CIPMX	- 0.16	CWVIX
CAMUX	- 0.12	CWVIX
CWVIX	- 0.12	CCVAX

Risk-Adjusted Indicators

There is a big difference between Walden Mutual Fund performing well and Walden Smid 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 Smid'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
WAMFX	0.67	(0.06)	0.00	(0.16)	0.00	0.00	1.16	(1.34)	3.53
CCVAX	0.80	(0.09)	0.00	(0.18)	0.00	0.00	1.16	(1.85)	3.95
CWVIX	0.67	0.09	0.12	0.09	0.93	(0.71)	1.57	(1.17)	5.29
CIPMX	0.92	(0.20)	0.00	(0.32)	0.00	0.00	1.33	(1.89)	10.60
CAMUX	0.81	(0.18)	0.00	0.80	0.00	0.00	1.57	(1.40)	7.15

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