Washington Mutual Correlations

Mutual Funds . USA . 
Fund . Washington Mutual Investors
CWMEX Fund  USD 65.07  0.22  0.34%   
The current 90-days correlation between Washington Mutual and Omni Small Cap Value is -0.1 (i.e., Good 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

Very good diversification

The correlation between Washington Mutual Investors and DJI is -0.28 (i.e., Very good 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 Trending Equities 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 national income and product accounts.

Moving together with Washington Mutual Fund

  0.74VTSAX Vanguard Total StockPairCorr
  0.74VFIAX Vanguard 500 IndexPairCorr
  0.74VTSMX Vanguard Total StockPairCorr
  0.74VITSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.74VFINX Vanguard 500 IndexPairCorr
  0.74VFFSX Vanguard 500 IndexPairCorr
  0.99VINIX Vanguard InstitutionalPairCorr
  0.99VIIIX Vanguard InstitutionalPairCorr
  0.81GAAKX Gmo Alternative AlloPairCorr
  0.81GAAGX Gmo Alternative AlloPairCorr
  0.79GPBFX Gmo E PlusPairCorr
  0.92PQTAX Pimco Trends ManagedPairCorr
  0.92PQTNX Pimco Trends ManagedPairCorr
  0.93PQTIX Aa Pimco TrPairCorr
  0.64WARCX Wells Fargo AdvantagePairCorr
  0.96UPDDX Upright Growth IncomePairCorr
  0.72DD Dupont De NemoursPairCorr
  0.68GE GE AerospacePairCorr
  0.71BA BoeingPairCorr
  0.63AA Alcoa CorpPairCorr
  0.72CAT CaterpillarPairCorr
  0.7HPQ HP IncPairCorr

Moving against Washington Mutual Fund

  0.52IBM International BusinessPairCorr
  0.33KO Coca ColaPairCorr
  0.31PG Procter GamblePairCorr

Related Correlations Analysis


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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