Metropolitan West Correlations

MWCPX Fund

USD 10.35 0.03 0.29%

The current 90-days correlation between Metropolitan West and Ms Global Fixed is 0.02 (i.e., Significant diversification). The correlation of Metropolitan West 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.

Metropolitan West Correlation With Market

Good diversification

The correlation between Metropolitan West Unconstraine and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan West Unconstraine and DJI in the same portfolio, assuming nothing else is changed.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metropolitan West Unconstrained. 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 american community survey.

Moving together with Metropolitan Mutual Fund

0.89	MWCIX	Metropolitan West	Pair Corr
0.88	MWCRX	Metropolitan West	Pair Corr
0.72	MWHIX	Metropolitan West High	Pair Corr
0.81	MWHYX	Metropolitan West High	Pair Corr
0.85	MWIGX	Metropolitan West	Pair Corr
0.85	MWISX	Metropolitan West	Pair Corr
0.66	MWLIX	Metropolitan West Low	Pair Corr
0.71	MWLNX	Metropolitan West Low	Pair Corr
0.77	MWUIX	Metropolitan West Ultra	Pair Corr
0.98	MWSTX	Metropolitan West	Pair Corr
0.89	BSIKX	Blackrock Strategic	Pair Corr
0.8	BSICX	Blackrock Strategic Opps	Pair Corr
0.8	BASIX	Blackrock Strategic Opps	Pair Corr
0.89	BSIIX	Blackrock Strategic	Pair Corr
0.65	JSORX	Jpmorgan Strategic Income	Pair Corr
0.65	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.68	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.65	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.66	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.64	PMZCX	Pimco Mortgage Oppor	Pair Corr

Moving against Metropolitan Mutual Fund

0.59	USPIX	Profunds Ultrashort	Pair Corr
0.55	UIPIX	Ultrashort Mid Cap	Pair Corr
0.53	USPSX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	MFIRX	DODFX	GRSPX	LMEAX	MSTFX	VDEQX	PASTX
MFIRX		0.85	0.78	0.87	0.83	0.77	0.72	MFIRX
DODFX	0.85		0.95	0.97	0.99	0.96	0.9	DODFX
GRSPX	0.78	0.95		0.91	0.94	0.98	0.9	GRSPX
LMEAX	0.87	0.97	0.91		0.97	0.9	0.86	LMEAX
MSTFX	0.83	0.99	0.94	0.97		0.95	0.89	MSTFX
VDEQX	0.77	0.96	0.98	0.9	0.95		0.92	VDEQX
PASTX	0.72	0.9	0.9	0.86	0.89	0.92		PASTX
	MFIRX	DODFX	GRSPX	LMEAX	MSTFX	VDEQX	PASTX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Metropolitan Mutual Fund performing well and Metropolitan West 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 Metropolitan West'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
MFIRX	0.15	0.01	0.01	(0.52)	0.11	(0.25)	0.38	(0.19)	1.15
DODFX	0.84	0.12	0.07	(12.64)	1.37	(0.79)	1.81	(2.04)	7.93
GRSPX	1.12	0.10	0.05	(1.45)	1.56	(1.19)	2.09	(2.26)	10.61
LMEAX	0.86	0.12	0.06	(4.34)	1.47	(0.83)	1.67	(1.89)	8.37
MSTFX	0.84	0.09	0.05	(1.46)	1.27	(0.89)	1.71	(2.04)	8.04
VDEQX	1.19	0.10	0.04	(1.30)	1.87	(1.06)	2.39	(3.00)	13.38
PASTX	1.54	0.13	0.05	0.10	2.31	(1.49)	2.71	(4.22)	16.29

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