Metropolitan West Correlations

Mutual Funds . USA . 
Fund . Metropolitan West High
MWHIX Fund  USD 9.31  0.01  0.11%   
The current 90-days correlation between Metropolitan West High and Federated Total Return is 0.73 (i.e., Poor 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

Average diversification

The correlation between Metropolitan West High and DJI is 0.16 (i.e., Average 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.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Metropolitan West High. 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 gross domestic product.

Moving together with Metropolitan Mutual Fund

  0.97MWCIX Metropolitan WestPairCorr
  0.96MWCRX Metropolitan WestPairCorr
  0.95MWCPX Metropolitan WestPairCorr
  0.78MWERX Metwest Esg SecuritizedPairCorr
  0.74MWESX Metwest Esg SecuritizedPairCorr
  0.99MWHYX Metropolitan West HighPairCorr
  0.67MWIIX Metropolitan WestPairCorr
  0.75MWIGX Metropolitan WestPairCorr
  0.63MWIMX Metropolitan WestPairCorr
  0.74MWISX Metropolitan WestPairCorr
  0.84MWLIX Metropolitan West LowPairCorr
  0.74MWLNX Metropolitan West LowPairCorr
  0.82MWLDX Metropolitan West LowPairCorr
  0.91MWSIX Metropolitan WestPairCorr
  0.68MWUIX Metropolitan West UltraPairCorr
  0.74MWUSX Metropolitan West UltraPairCorr
  0.85MWSTX Metropolitan WestPairCorr
  0.96VWEAX Vanguard High YieldPairCorr
  0.89VWEHX Vanguard High YieldPairCorr
  0.89BHYCX Blackrock Hi YldPairCorr
  0.97BHYIX Blackrock High YieldPairCorr
  0.97BHYSX Blackrock Hi YldPairCorr
  0.97BHYAX Blackrock High YieldPairCorr
  0.92FAHHX American Funds AmericanPairCorr
  0.92FTAHX American Funds AmericanPairCorr
  0.94AHTFX American High IncomePairCorr
  0.94AHTCX American High IncomePairCorr

Moving against Metropolitan Mutual Fund

  0.32BCMIX Brown CapitalPairCorr

Related Correlations Analysis

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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.

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