Metropolitan West Correlations

MWFEX Fund

USD 38.33 0.00 0.00%

The correlation of Metropolitan West 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.

Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metropolitan West Flexible. 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 income.

Moving together with Metropolitan Mutual Fund

1.0	MWORX	Metropolitan West	Pair Corr
1.0	MWOPX	Metropolitan West	Pair Corr

Related Correlations Analysis

	XEMOX	APWEX	CGAEX	SBMBX	ICBAX	RYVIX	PNRCX
XEMOX		0.9	-0.48	0.37	0.91	0.57	0.44	XEMOX
APWEX	0.9		-0.26	0.59	0.89	0.55	0.67	APWEX
CGAEX	-0.48	-0.26		0.46	-0.17	-0.04	0.43	CGAEX
SBMBX	0.37	0.59	0.46		0.59	0.69	0.95	SBMBX
ICBAX	0.91	0.89	-0.17	0.59		0.7	0.66	ICBAX
RYVIX	0.57	0.55	-0.04	0.69	0.7		0.65	RYVIX
PNRCX	0.44	0.67	0.43	0.95	0.66	0.65		PNRCX
	XEMOX	APWEX	CGAEX	SBMBX	ICBAX	RYVIX	PNRCX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PNRCX	+ 0.95	SBMBX
ICBAX	+ 0.91	XEMOX
APWEX	+ 0.9	XEMOX
ICBAX	+ 0.89	APWEX
RYVIX	+ 0.7	ICBAX
RYVIX	+ 0.69	SBMBX

High negative correlations

CGAEX	- 0.48	XEMOX
CGAEX	- 0.26	APWEX
ICBAX	- 0.17	CGAEX
RYVIX	- 0.04	CGAEX

Risk-Adjusted Indicators

There is a big difference between Metropolitan Mutual Fund performing well and Metropolitan West 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 Metropolitan West'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 Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
XEMOX	0.71	0.16	0.12	0.42	0.50	(0.84)	1.68	(1.01)	4.31
APWEX	0.89	0.06	0.04	0.17	1.01	(0.96)	1.83	(1.79)	5.85
CGAEX	0.75	(0.09)	0.00	(0.10)	0.00	0.00	1.46	(1.90)	4.70
SBMBX	0.74	(0.09)	0.00	(0.02)	0.00	0.00	1.34	(1.63)	3.99
ICBAX	0.80	0.00	0.03	0.12	0.74	(0.92)	1.49	(1.24)	6.37
RYVIX	1.41	(0.17)	(0.07)	0.00	1.76	(1.51)	2.63	(3.08)	10.74
PNRCX	0.90	(0.10)	0.00	(0.02)	0.00	0.00	2.06	(2.27)	5.47

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Metropolitan West Correlations

Moving together with Metropolitan Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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