Walden Asset Correlations

Mutual Funds . USA . 
Fund . Walden Asset Management
WSBFX Fund  USD 22.66  0.01  0.04%   
The current 90-days correlation between Walden Asset Management and Boston Trust Asset is 0.98 (i.e., Almost no diversification). The correlation of Walden Asset 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 Asset Correlation With Market

Almost no diversification

The correlation between Walden Asset Management and DJI is 0.96 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walden Asset Management 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 Asset Management. 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

  0.97WAMFX Walden MidcapPairCorr
  1.0WSEFX Walden EquityPairCorr
  0.94WASMX Walden Smid CapPairCorr
  1.0BTBFX Boston Trust AssetPairCorr
  1.0BTEFX Boston Trust EquityPairCorr
  0.96BTMFX Boston Trust MidcapPairCorr
  0.95BTSMX Boston Trust SmidPairCorr
  0.93BOSOX Boston Trust SmallPairCorr
  0.97FFIFX American FundsPairCorr
  0.97FAIFX American FundsPairCorr
  0.97IFACX Income FundPairCorr
  0.97IFAFX Income FundPairCorr
  0.97AMECX Income FundPairCorr
  0.97RIDBX Income FundPairCorr
  0.97CIMEX Income FundPairCorr
  0.97RIDFX Income FundPairCorr
  0.97CIMCX Income FundPairCorr
  0.97CIMFX Income FundPairCorr
  0.95CPAYX Columbia Pacific/asiaPairCorr
  0.98CASAX Columbia Pacific/asiaPairCorr
  0.98CASCX Columbia PacificasiaPairCorr
  0.97MSKLX Mid Cap GrowthPairCorr
  0.97CISGX Touchstone Sands CapitalPairCorr
  0.97MMCGX Mid Cap GrowthPairCorr
  0.99MXLDX Great West SecurefouPairCorr
  0.71SCCMX Sterling Capital PoratePairCorr
  0.86THIFX Thornburg Limited TermPairCorr
  0.93FZNOPX FznopxPairCorr
  0.94AIIYX Invesco InternationalPairCorr
  0.99ADAVX Alpine Dynamic DividendPairCorr
  0.98IVPOX Voya Smallcap OpportPairCorr
  0.94CGIAX International Growth AndPairCorr
  0.94XDFPX Flaherty Crumrine DynamicPairCorr
  0.87NML Neuberger Berman MlpPairCorr
  0.93MIOPX International OpportunityPairCorr
  0.98JAAVX Jhancock MultimanagerPairCorr
  0.91GMBPX Goldman Sachs ShortPairCorr
  0.99GCLLX Goldman Sachs FlexiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Walden Mutual Fund performing well and Walden Asset 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 Asset'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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