Walden Smid Correlations

Mutual Funds . USA . 
Fund . Walden Smid Cap
WASMX Fund  USD 24.51  0.08  0.33%   
The current 90-days correlation between Walden Smid Cap and Blackrock Total Stock is 0.87 (i.e., Very poor diversification). The correlation of Walden Smid 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 Smid Correlation With Market

Very poor diversification

The correlation between Walden Smid Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walden Smid Cap 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 Smid Cap. 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 population.

Moving together with Walden Mutual Fund

  0.99WAMFX Walden MidcapPairCorr
  0.94WSBFX Walden Asset ManagementPairCorr
  0.95WSEFX Walden EquityPairCorr
  0.94BTBFX Boston Trust AssetPairCorr
  0.95BTEFX Boston Trust EquityPairCorr
  0.99BTMFX Boston Trust MidcapPairCorr
  1.0BTSMX Boston Trust SmidPairCorr
  0.99BOSOX Boston Trust SmallPairCorr
  0.95VIMAX Vanguard Mid CapPairCorr
  0.95VIMSX Vanguard Mid CapPairCorr
  0.95VMCPX Vanguard Mid CapPairCorr
  0.95VMCIX Vanguard Mid CapPairCorr
  0.94VEXAX Vanguard Extended MarketPairCorr
  0.94VEMPX Vanguard Extended MarketPairCorr
  0.94VIEIX Vanguard Extended MarketPairCorr
  0.91VSEMX Vanguard Extended MarketPairCorr
  0.94VEXMX Vanguard Extended MarketPairCorr
  0.94FSMAX Fidelity Extended MarketPairCorr
  0.94ASG Liberty All StarPairCorr
  0.81IIF Morgan Stanley IndiaPairCorr
  0.9CII Blackrock EnhancedPairCorr
  0.8IFN India ClosedPairCorr
  0.92ETV Eaton Vance TaxPairCorr
  0.79CLM Cornerstone StrategicPairCorr
  0.79CRF Cornerstone StrategicPairCorr
  0.96USA Liberty All StarPairCorr
  0.91ETY Eaton Vance TaxPairCorr
  0.87NFJ Virtus Dividend InterestPairCorr
  0.79CFNTX California Tax FreePairCorr
  0.92DDDRX Delaware Wealth BuilderPairCorr
  0.98FNPIX Financials UltrasectorPairCorr
  0.87JNVMX Jpmorgan InternationalPairCorr
  0.95GMVAX Goldman Sachs SmallmidPairCorr
  0.9AMAGX Amana GrowthPairCorr
  0.76DULTX Delaware InvestmentsPairCorr
  0.89HNSGX Harbor Small CapPairCorr
  0.77FKSTX Nuveen Flagship KansasPairCorr
  0.85NPSCX Nuveen Preferred SecPairCorr
  0.94JRSDX 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 Smid 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 Smid'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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