Washington Mutual Correlations
| AWSHX Fund | USD 64.56 0.13 0.20% |
The current 90-days correlation between Washington Mutual and Rbc Global Equity is 0.03 (i.e., Significant 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
Significant diversification
The correlation between Washington Mutual Investors and DJI is 0.03 (i.e., Significant 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.
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Related Correlations Analysis
| 0.95 | 0.99 | 0.97 | 0.99 | RGELX | ||
| 0.95 | 0.95 | 0.98 | 0.96 | DBIWX | ||
| 0.99 | 0.95 | 0.98 | 0.99 | CAEIX | ||
| 0.97 | 0.98 | 0.98 | 0.98 | MSTGX | ||
| 0.99 | 0.96 | 0.99 | 0.98 | JGECX | ||
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RGELX | 0.58 | 0.13 | 0.11 | 0.31 | 0.41 | 1.85 | 3.72 | |||
| DBIWX | 0.23 | 0.04 | (0.20) | 0.43 | 0.00 | 0.57 | 1.82 | |||
| CAEIX | 0.65 | 0.23 | 0.20 | 0.52 | 0.34 | 1.70 | 4.46 | |||
| MSTGX | 0.25 | 0.06 | (0.09) | 0.39 | 0.00 | 0.65 | 1.55 | |||
| JGECX | 0.51 | 0.09 | 0.06 | 0.27 | 0.35 | 1.49 | 3.38 |