Walden Equity Correlations
WSEFX Fund | USD 36.60 0.13 0.36% |
The current 90-days correlation between Walden Equity and Walden Asset Management is 0.1 (i.e., Average diversification). The correlation of Walden Equity 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 Equity Correlation With Market
Very weak diversification
The correlation between Walden Equity Fund and DJI is 0.43 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walden Equity Fund and DJI in the same portfolio, assuming nothing else is changed.
Walden |
Moving together with Walden Mutual Fund
0.94 | WAMFX | Walden Midcap | PairCorr |
0.98 | WSBFX | Walden Asset Management | PairCorr |
0.94 | WASMX | Walden Smid Cap | PairCorr |
0.99 | BTBFX | Boston Trust Asset | PairCorr |
0.89 | BTEFX | Boston Trust Equity | PairCorr |
0.98 | BTMFX | Boston Trust Midcap | PairCorr |
0.94 | BTSMX | Boston Trust Smid | PairCorr |
0.96 | BOSOX | Boston Trust Small | PairCorr |
0.64 | VINIX | Vanguard Institutional | PairCorr |
0.64 | VIIIX | Vanguard Institutional | PairCorr |
0.66 | FPVIX | Fidelity Advisor 529 | PairCorr |
0.76 | SWQRX | Schwab Target 2065 | PairCorr |
Moving against Walden Mutual Fund
Related Correlations Analysis
0.79 | 0.97 | 0.6 | 0.76 | WSBFX | ||
0.79 | 0.69 | 0.47 | 0.52 | CSXAX | ||
0.97 | 0.69 | 0.56 | 0.81 | CSIEX | ||
0.6 | 0.47 | 0.56 | 0.19 | APPLX | ||
0.76 | 0.52 | 0.81 | 0.19 | PXWGX | ||
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Risk-Adjusted Indicators
There is a big difference between Walden Mutual Fund performing well and Walden Equity 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 Equity'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
WSBFX | 0.41 | (0.05) | 0.00 | (0.09) | 0.00 | 0.75 | 4.53 | |||
CSXAX | 0.64 | 0.00 | (0.01) | 0.01 | 0.95 | 1.09 | 4.03 | |||
CSIEX | 0.65 | (0.12) | 0.00 | (0.23) | 0.00 | 1.00 | 8.89 | |||
APPLX | 0.51 | 0.05 | 0.04 | 0.27 | 0.68 | 1.09 | 3.06 | |||
PXWGX | 0.80 | (0.21) | 0.00 | (0.39) | 0.00 | 1.01 | 12.23 |