Walden Midcap Correlations

Mutual Funds . USA . 
Fund . Walden Midcap Fund
WAMFX Fund  USD 23.51  0.01  0.04%   
The current 90-days correlation between Walden Midcap and Blackrock Total Stock is 0.85 (i.e., Very poor diversification). The correlation of Walden Midcap 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.

Walden Midcap Correlation With Market

Very poor diversification

The correlation between Walden Midcap Fund and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walden Midcap Fund and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Walden Midcap Fund. 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 Walden Mutual Fund

  0.97WSBFX Walden Asset ManagementPairCorr
  0.97WSEFX Walden EquityPairCorr
  0.99WASMX Walden Smid CapPairCorr
  0.97BTBFX Boston Trust AssetPairCorr
  0.97BTEFX Boston Trust EquityPairCorr
  1.0BTMFX Boston Trust MidcapPairCorr
  0.99BTSMX Boston Trust SmidPairCorr
  0.98BOSOX Boston Trust SmallPairCorr
  0.97VIMAX Vanguard Mid CapPairCorr
  0.97VIMSX Vanguard Mid CapPairCorr
  0.97VMCPX Vanguard Mid CapPairCorr
  0.97VMCIX Vanguard Mid CapPairCorr
  0.97VEXAX Vanguard Extended MarketPairCorr
  0.97VEMPX Vanguard Extended MarketPairCorr
  0.97VIEIX Vanguard Extended MarketPairCorr
  0.94VSEMX Vanguard Extended MarketPairCorr
  0.97VEXMX Vanguard Extended MarketPairCorr
  0.97FSMAX Fidelity Extended MarketPairCorr
  0.97ASG Liberty All StarPairCorr
  0.85IIF Morgan Stanley IndiaPairCorr
  0.94CII Blackrock EnhancedPairCorr
  0.82IFN India ClosedPairCorr
  0.95ETV Eaton Vance TaxPairCorr
  0.86CLM Cornerstone StrategicPairCorr
  0.87CRF Cornerstone StrategicPairCorr
  0.98USA Liberty All StarPairCorr
  0.95ETY Eaton Vance TaxPairCorr
  0.91NFJ Virtus Dividend InterestPairCorr
  0.77CFNTX California Tax FreePairCorr
  0.95DDDRX Delaware Wealth BuilderPairCorr
  0.98FNPIX Financials UltrasectorPairCorr
  0.93JNVMX Jpmorgan InternationalPairCorr
  0.97GMVAX Goldman Sachs SmallmidPairCorr
  0.95AMAGX Amana GrowthPairCorr
  0.83DULTX Delaware InvestmentsPairCorr
  0.94HNSGX Harbor Small CapPairCorr
  0.76FKSTX Nuveen Flagship KansasPairCorr
  0.9NPSCX Nuveen Preferred SecPairCorr
  0.97JRSDX Intech Managed VolatilityPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Walden Mutual Fund performing well and Walden Midcap 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 Walden Midcap'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
BASMX  0.67  0.11  0.11  0.25  0.56 
(0.76)
 2.08 
(1.20)
 4.96 
BOSOX  0.83 (0.03)(0.04) 0.09  0.91 
(0.96)
 1.96 
(1.85)
 5.20 
BTMFX  0.72  0.00 (0.01) 0.14  0.75 
(0.81)
 1.83 
(1.43)
 4.63 
WSEFX  0.64  0.01 (0.01) 0.14  0.62 
(0.75)
 1.44 
(1.34)
 4.54 
WAMFX  0.73  0.00 (0.01) 0.13  0.78 
(0.79)
 1.81 
(1.47)
 4.68 
WSBFX  0.44  0.00 (0.09) 0.13  0.44 
(0.49)
 1.04 
(1.03)
 2.89 
WASMX  0.84 (0.03)(0.03) 0.10  0.89 
(0.98)
 1.94 
(1.79)
 5.48 
BTBFX  0.47  0.01 (0.06) 0.15  0.39 
(0.53)
 1.20 
(0.88)
 3.10 
BTEFX  0.63  0.01 (0.01) 0.15  0.59 
(0.72)
 1.48 
(0.99)
 4.27 
BTSMX  0.79 (0.02)(0.02) 0.11  0.83 
(0.93)
 1.83 
(1.63)
 5.00 

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