Metropolitan West Correlations
| MWHIX Fund | USD 9.34 0.00 0.00% |
The current 90-days correlation between Metropolitan West High and Federated Total Return is 0.18 (i.e., Average diversification). 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.
Metropolitan West Correlation With Market
Good diversification
The correlation between Metropolitan West High and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan West High and DJI in the same portfolio, assuming nothing else is changed.
Metropolitan |
Moving together with Metropolitan Mutual Fund
| 0.71 | MWCIX | Metropolitan West | PairCorr |
| 0.92 | MWHYX | Metropolitan West High | PairCorr |
| 0.63 | MWSIX | Metropolitan West | PairCorr |
| 0.83 | MWUIX | Metropolitan West Ultra | PairCorr |
| 0.86 | MWUSX | Metropolitan West Ultra | PairCorr |
| 0.71 | MWSTX | Metropolitan West | PairCorr |
| 0.91 | VWEAX | Vanguard High Yield | PairCorr |
| 0.9 | VWEHX | Vanguard High Yield | PairCorr |
| 0.83 | BHYCX | Blackrock Hi Yld | PairCorr |
| 0.84 | BHYIX | Blackrock High Yield | PairCorr |
| 0.82 | BHYSX | Blackrock Hi Yld | PairCorr |
| 0.82 | BHYAX | Blackrock High Yield | PairCorr |
| 0.84 | FAHHX | American Funds American | PairCorr |
| 0.79 | FTAHX | American Funds American | PairCorr |
| 0.86 | AHTFX | American High Income | PairCorr |
Moving against Metropolitan Mutual Fund
Related Correlations Analysis
| 0.81 | 0.97 | -0.46 | 0.97 | FTRGX | ||
| 0.81 | 0.78 | 0.07 | 0.79 | PGBIX | ||
| 0.97 | 0.78 | -0.44 | 1.0 | ABTIX | ||
| -0.46 | 0.07 | -0.44 | -0.41 | JHYIX | ||
| 0.97 | 0.79 | 1.0 | -0.41 | MWTIX | ||
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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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FTRGX | 0.24 | (0.02) | 0.00 | 0.25 | 0.00 | 0.53 | 1.80 | |||
| PGBIX | 0.11 | (0.01) | (0.56) | (0.04) | 0.11 | 0.21 | 0.94 | |||
| ABTIX | 0.23 | (0.05) | 0.00 | (0.61) | 0.00 | 0.42 | 1.47 | |||
| JHYIX | 0.10 | 0.01 | (0.48) | (0.86) | 0.00 | 0.29 | 0.57 | |||
| MWTIX | 0.23 | (0.05) | 0.00 | (0.73) | 0.00 | 0.44 | 1.56 |