Washington Mutual Correlations

WMFFX Fund

USD 62.03 0.37 0.59%

The current 90-days correlation between Washington Mutual and T Rowe Price is 0.14 (i.e., Average 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 Current Watchlist 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 census.

Moving together with Washington Mutual Fund

0.9	AMFCX	American Mutual	Pair Corr
0.89	AMFFX	American Mutual	Pair Corr
0.67	RNCCX	American Funds Income	Pair Corr
0.8	RNGBX	New Economy Fund	Pair Corr
0.67	FPTPX	American Funds Conse	Pair Corr
0.97	RNPAX	New Perspective	Pair Corr
0.97	RNPGX	New Perspective	Pair Corr
0.62	RNWEX	New World Fund	Pair Corr
0.62	RNWGX	New World Fund	Pair Corr
0.63	RNWAX	New World Fund	Pair Corr
0.63	RNWCX	New World Fund	Pair Corr
0.86	ANCFX	American Funds Funda	Pair Corr
0.81	ANEFX	New Economy Fund	Pair Corr
0.81	ANFFX	New Economy Fund	Pair Corr
0.97	NPFFX	New Perspective	Pair Corr
0.8	PGGFX	American Funds Global	Pair Corr
0.81	ANWPX	New Perspective	Pair Corr
0.94	CWGIX	Capital World Growth	Pair Corr
0.94	CWGFX	Capital World Growth	Pair Corr
0.94	CWGCX	Capital World Growth	Pair Corr
0.94	CWICX	Capital World Growth	Pair Corr
0.94	CWIAX	Capital World Growth	Pair Corr
0.91	FAITX	American Funds 2050	Pair Corr
0.86	CFNFX	American Funds Funda	Pair Corr
0.79	CFNEX	American Funds Funda	Pair Corr
0.65	GWPDX	American Funds Growth	Pair Corr
0.65	GWPEX	American Funds Growth	Pair Corr
0.64	GWPFX	American Funds Growth	Pair Corr
0.89	FAWTX	American Funds 2060	Pair Corr

Related Correlations Analysis

	TBLDX	EICVX	PRVBX	OPTCX	DIHRX	WABMSX	FLAKQX
TBLDX		0.68	0.48	0.44	0.62	0.81	0.79	TBLDX
EICVX	0.68		0.87	0.76	0.94	0.42	0.28	EICVX
PRVBX	0.48	0.87		0.8	0.91	0.1	0.06	PRVBX
OPTCX	0.44	0.76	0.8		0.79	0.04	-0.03	OPTCX
DIHRX	0.62	0.94	0.91	0.79		0.34	0.25	DIHRX
WABMSX	0.81	0.42	0.1	0.04	0.34		0.81	WABMSX
FLAKQX	0.79	0.28	0.06	-0.03	0.25	0.81		FLAKQX
	TBLDX	EICVX	PRVBX	OPTCX	DIHRX	WABMSX	FLAKQX

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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

DIHRX	+ 0.94	EICVX
DIHRX	+ 0.91	PRVBX
PRVBX	+ 0.87	EICVX
WABMSX	+ 0.81	TBLDX
FLAKQX	+ 0.81	WABMSX
OPTCX	+ 0.8	PRVBX

High negative correlations

FLAKQX

- 0.03

OPTCX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
TBLDX	0.38	0.00	0.00	0.03	0.54	(0.36)	0.70	(0.80)	2.12
EICVX	0.55	0.12	0.17	0.21	0.49	(0.60)	1.21	(0.85)	2.93
PRVBX	0.10	0.01	0.11	(0.48)	0.00	(0.13)	0.23	(0.17)	0.53
OPTCX	0.06	0.00	0.00	2.45	0.06	(0.18)	0.21	(0.21)	0.93
DIHRX	0.57	0.10	0.15	0.20	0.53	(0.68)	1.51	(0.99)	3.80
WABMSX	0.60	0.03	0.04	0.04	0.78	(0.61)	1.38	(1.29)	3.66
FLAKQX	0.84	0.03	0.03	0.24	1.10	(0.94)	1.74	(1.84)	4.80

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