Metropolitan West Correlations

Mutual Funds . USA . 
Fund . Metropolitan West High
MWHIX Fund  USD 9.35  0.01  0.11%   
The current 90-days correlation between Metropolitan West High and Federated Total Return is 0.05 (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

Very weak diversification

The correlation between Metropolitan West High and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan West High 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 High. 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 gross domestic product.

Moving together with Metropolitan Mutual Fund

  0.98MWCIX Metropolitan WestPairCorr
  0.98MWCRX Metropolitan WestPairCorr
  0.98MWCPX Metropolitan WestPairCorr
  0.84MWERX Metwest Esg SecuritizedPairCorr
  0.85MWESX Metwest Esg SecuritizedPairCorr
  1.0MWHYX Metropolitan West HighPairCorr
  0.77MWIIX Metropolitan WestPairCorr
  0.92MWIGX Metropolitan WestPairCorr
  0.61MWLIX Metropolitan West LowPairCorr
  0.92MWLNX Metropolitan West LowPairCorr
  0.92MWLDX Metropolitan West LowPairCorr
  0.98MWSIX Metropolitan WestPairCorr
  0.62MWUIX Metropolitan West UltraPairCorr
  0.94MWUSX Metropolitan West UltraPairCorr
  0.97MWSTX Metropolitan WestPairCorr
  0.72MWTIX Metropolitan West TotalPairCorr
  0.71MWTTX Metropolitan West TotalPairCorr
  0.71MWTRX Metropolitan West TotalPairCorr
  1.0VWEAX Vanguard High YieldPairCorr
  1.0VWEHX Vanguard High YieldPairCorr
  1.0BHYCX Blackrock Hi YldPairCorr
  1.0BHYIX Blackrock High YieldPairCorr
  1.0BHYSX Blackrock Hi YldPairCorr
  1.0BHYAX Blackrock High YieldPairCorr
  0.99FAHHX American Funds AmericanPairCorr
  0.99FTAHX American Funds AmericanPairCorr
  0.99AHTFX American High IncomePairCorr
  0.99AHTCX American High IncomePairCorr
  0.79NHS Neuberger Berman HighPairCorr
  0.87RPEIX T Rowe PricePairCorr
  0.98CBLSX Cb Large CapPairCorr
  0.97VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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