Washington Mutual Correlations

Mutual Funds . USA . 
Fund . Washington Mutual Investors
RWMGX Fund  USD 68.56  0.77  1.11%   
The current 90-days correlation between Washington Mutual and T Rowe Price is 0.78 (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

Very poor diversification

The correlation between Washington Mutual Investors and DJI is 0.84 (i.e., Very 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 Equity Center 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

  0.66RNEBX New World FundPairCorr
  0.97RNCCX American Funds IncomePairCorr
  0.92AMEFX Income FundPairCorr
  0.73RNGGX New Economy FundPairCorr
  0.73RNGFX New Economy FundPairCorr
  0.73RNGHX New Economy FundPairCorr
  0.73RNGBX New Economy FundPairCorr
  0.73RNGAX New Economy FundPairCorr
  0.73RNGEX New Economy FundPairCorr
  0.73RNGCX New Economy FundPairCorr
  0.96FPTPX American Funds ConsePairCorr
  0.73RNNEX New Economy FundPairCorr
  0.73CDJAX American Funds CollegePairCorr
  0.75RNPBX New PerspectivePairCorr
  0.75RNPAX New PerspectivePairCorr
  0.77RNPHX New PerspectivePairCorr
  0.77RNPGX New PerspectivePairCorr
  0.76RNPCX New PerspectivePairCorr
  0.77RNPFX New PerspectivePairCorr
  0.76RNPEX New PerspectivePairCorr
  0.96AMRFX American MutualPairCorr
  0.93RNRPX American Funds RetirementPairCorr
  0.66RNWFX New World FundPairCorr
  0.66RNWEX New World FundPairCorr
  0.66RNWHX New World FundPairCorr
  0.66RNWGX New World FundPairCorr
  0.66RNWBX New World FundPairCorr
  0.66RNWAX New World FundPairCorr
  0.66RNWCX New World FundPairCorr

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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