Washington Mutual Correlations

Mutual Funds . USA . 
Fund . Washington Mutual Investors
WSHCX Fund  USD 63.23  0.13  0.21%   
The current 90-days correlation between Washington Mutual and Income Fund Of is 0.88 (i.e., Very poor diversification). The correlation of Washington Mutual 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.

Washington Mutual Correlation With Market

Good diversification

The correlation between Washington Mutual Investors and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Washington Mutual Investors 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 Washington Mutual Investors. 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 main economic indicators.

Moving together with Washington Mutual Fund

  0.99AMECX Income FundPairCorr
  0.99RNEBX New World FundPairCorr
  1.0AMFCX American MutualPairCorr
  1.0AMFFX American MutualPairCorr
  0.98RNCCX American Funds IncomePairCorr
  0.72FPPPX American Funds PresePairCorr
  0.99AMEFX Income FundPairCorr
  1.0RNGGX New Economy FundPairCorr
  0.98RNGFX New Economy FundPairCorr
  1.0RNGHX New Economy FundPairCorr
  1.0RNGBX New Economy FundPairCorr
  1.0RNGAX New Economy FundPairCorr
  0.98RNGEX New Economy FundPairCorr
  1.0RNGCX New Economy FundPairCorr
  0.77AMHIX American High IncomePairCorr
  0.62TEBCX Tax Exempt BondPairCorr
  0.67TEAFX Tax Exempt BondPairCorr
  0.99FPTPX American Funds ConsePairCorr
  0.98RNNEX New Economy FundPairCorr
  1.0CDJAX American Funds CollegePairCorr
  0.98AMPCX Amcap Fund ClassPairCorr
  0.98AMPFX Amcap Fund ClassPairCorr
  0.97RNPBX New PerspectivePairCorr
  0.97RNPAX New PerspectivePairCorr
  0.97RNPHX New PerspectivePairCorr
  0.97RNPGX New PerspectivePairCorr
  0.99RNPCX New PerspectivePairCorr
  0.97RNPFX New PerspectivePairCorr
  0.97RNPEX New PerspectivePairCorr
  1.0AMRMX American MutualPairCorr
  0.98AMRFX American MutualPairCorr
  0.98RNRPX American Funds RetirementPairCorr
  0.97TEPCX American Funds TaxPairCorr
  0.98TEPFX American Funds TaxPairCorr
  0.98RNWFX New World FundPairCorr
  0.98RNWEX New World FundPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Washington Mutual Fund performing well and Washington Mutual 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 Washington Mutual'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
AMECX  0.32  0.13 (0.03)(1.75) 0.10 
(0.35)
 0.91 
(0.56)
 2.22 
RNEBX  0.46  0.24  0.17 (9.60) 0.00 
(0.54)
 1.87 
(0.87)
 3.41 
AMFCX  0.51  0.16  0.03 (2.50) 0.47 
(0.60)
 1.52 
(0.83)
 3.61 
AMFFX  0.51  0.17  0.03 (2.59) 0.46 
(0.61)
 1.52 
(0.84)
 3.62 
RNCCX  0.27  0.06 (0.06) 0.31  0.00 
(0.33)
 0.85 
(0.50)
 1.83 
FPPPX  0.13  0.01 (0.60)(0.41) 0.07 
(0.14)
 0.21 
(0.32)
 0.64 
AMEFX  0.32  0.14 (0.01)(1.86) 0.00 
(0.37)
 0.88 
(0.53)
 2.24 
RNGGX  0.69  0.31  0.17 (3.80) 0.47 
(0.79)
 2.23 
(1.36)
 5.17 
RNGFX  0.69  0.17  0.17  0.32  0.49 
(0.78)
 2.24 
(1.36)
 5.16 
RNGHX  0.68  0.31  0.17 (3.87) 0.47 
(0.77)
 2.25 
(1.35)
 5.17 

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