Washington Mutual Correlations

Mutual Funds . USA . 
Fund . Washington Mutual Investors
WSHFX Fund  USD 61.78  0.37  0.60%   
The current 90-days correlation between Washington Mutual and Growth Fund Of is 0.76 (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 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

  0.9AMFCX American MutualPairCorr
  0.89AMFFX American MutualPairCorr
  0.67RNCCX American Funds IncomePairCorr
  0.81RNGBX New Economy FundPairCorr
  0.66FPTPX American Funds ConsePairCorr
  0.97RNPAX New PerspectivePairCorr
  0.97RNPGX New PerspectivePairCorr
  0.62RNWEX New World FundPairCorr
  0.61RNWGX New World FundPairCorr
  0.63RNWAX New World FundPairCorr
  0.62RNWCX New World FundPairCorr
  0.86ANCFX American Funds FundaPairCorr
  0.82ANEFX New Economy FundPairCorr
  0.82ANFFX New Economy FundPairCorr
  0.97NPFFX New PerspectivePairCorr
  0.81PGGFX American Funds GlobalPairCorr
  0.81ANWPX New PerspectivePairCorr
  0.93CWGIX Capital World GrowthPairCorr
  0.93CWGFX Capital World GrowthPairCorr
  0.94CWGCX Capital World GrowthPairCorr
  0.94CWICX Capital World GrowthPairCorr
  0.93CWIAX Capital World GrowthPairCorr
  0.91FAITX American Funds 2050PairCorr
  0.87CFNFX American Funds FundaPairCorr
  0.79CFNEX American Funds FundaPairCorr
  0.66GWPDX American Funds GrowthPairCorr
  0.66GWPEX American Funds GrowthPairCorr
  0.65GWPFX American Funds GrowthPairCorr
  0.89FAWTX 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   
SCWFX
+ 0.96
GFAFX
AICFX
+ 0.96
GFAFX
NWFFX
+ 0.94
AEGFX
AICFX
+ 0.89
SCWFX
NWFFX
+ 0.33
AICFX
AICFX
+ 0.27
AEGFX
  
High negative correlations   
SCWFX
- 0.07
AEGFX

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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