Washington Mutual Correlations

Mutual Funds . USA . 
Fund . Washington Mutual Investors
AWSHX Fund  USD 66.11  0.31  0.47%   
The current 90-days correlation between Washington Mutual and Income Fund Of is 0.87 (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

Almost no diversification

The correlation between Washington Mutual Investors and DJI is 0.9 (i.e., Almost no 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 Trending Equities 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 rate.

Moving together with Washington Mutual Fund

  0.96AMECX Income FundPairCorr
  0.99AMFCX American MutualPairCorr
  0.99AMFFX American MutualPairCorr
  0.8RNCCX American Funds IncomePairCorr
  0.96AMEFX Income FundPairCorr
  0.97RNGGX New Economy FundPairCorr
  0.97RNGFX New Economy FundPairCorr
  0.97RNGHX New Economy FundPairCorr
  0.97RNGBX New Economy FundPairCorr
  0.97RNGAX New Economy FundPairCorr
  0.97RNGEX New Economy FundPairCorr
  0.97RNGCX New Economy FundPairCorr
  0.83FPTPX American Funds ConsePairCorr
  0.97RNNEX New Economy FundPairCorr
  0.98CDJAX American Funds CollegePairCorr
  0.98AMPCX Amcap Fund ClassPairCorr
  0.98AMPFX Amcap Fund ClassPairCorr
  0.92RNPBX New PerspectivePairCorr
  0.92RNPAX New PerspectivePairCorr
  0.93RNPHX New PerspectivePairCorr
  0.93RNPGX New PerspectivePairCorr
  0.92RNPCX New PerspectivePairCorr
  0.93RNPFX New PerspectivePairCorr
  0.93RNPEX New PerspectivePairCorr
  0.99AMRMX American MutualPairCorr
  0.99AMRFX American MutualPairCorr
  0.7RNRPX American Funds RetirementPairCorr

Moving against Washington Mutual Fund

  0.46FPPPX American Funds PresePairCorr
  0.62AMUSX Us Government SecuritiesPairCorr
  0.6ANBEX American Funds StrategicPairCorr
  0.6ANBGX American Funds StrategicPairCorr
  0.6ANBFX American Funds StrategicPairCorr
  0.6ANBAX American Funds StrategicPairCorr
  0.6ANBCX American Funds StrategicPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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 (0.02)(0.22) 0.09  0.31 
(0.35)
 0.68 
(0.72)
 1.81 
RNEBX  0.54 (0.07) 0.00 (0.04) 0.00 
 0.00 
 1.27 
(1.32)
 3.78 
AMFCX  0.46 (0.02)(0.13) 0.09  0.43 
(0.51)
 0.90 
(0.88)
 2.68 
AMFFX  0.46 (0.02)(0.12) 0.10  0.43 
(0.52)
 0.90 
(0.86)
 2.68 
AMEFX  0.32 (0.02)(0.21) 0.09  0.33 
(0.36)
 0.68 
(0.73)
 1.81 
RNGGX  0.66 (0.03)(0.03) 0.10  0.95 
(0.68)
 1.46 
(1.96)
 4.07 
RNGFX  0.66 (0.03)(0.03) 0.10  0.97 
(0.68)
 1.47 
(1.97)
 4.06 
RNGHX  0.66 (0.03)(0.03) 0.10  0.93 
(0.67)
 1.47 
(1.97)
 4.07 
RNGBX  0.66 (0.03)(0.04) 0.09  0.97 
(0.67)
 1.47 
(1.97)
 4.08 
RNGAX  0.67 (0.03)(0.04) 0.09  0.97 
(0.67)
 1.46 
(1.96)
 4.09 

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