Metropolitan West Correlations

MWHIX Fund

USD 9.25 0.01 0.11%

The current 90-days correlation between Metropolitan West High and Amg Managers Loomis is 0.03 (i.e., Significant 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

Very poor diversification

The correlation between Metropolitan West High and DJI is 0.87 (i.e., Very poor 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

0.92	TWOEX	Tcw White Oak	Pair Corr
0.9	TGDIX	Tcw Relative Value	Pair Corr
0.89	TGDVX	Tcw Relative Value	Pair Corr
0.73	TGCEX	Tcw Select Equities	Pair Corr
0.62	TGCFX	Tcw E Fixed	Pair Corr
0.64	TGCPX	Tcw Core Fixed	Pair Corr
0.64	TGFNX	Tcw E Fixed	Pair Corr
0.74	TGGBX	Tcw Global Bond	Pair Corr
0.89	TGEIX	Tcw Emerging Markets	Pair Corr
0.89	TGEPX	Tcw Funds	Pair Corr
0.75	TGGFX	Tcw Global Bond	Pair Corr
0.9	TGINX	Tcw Emerging Markets	Pair Corr
0.75	TGLSX	Tcw Total Return	Pair Corr
0.72	TGMNX	Tcw Total Return	Pair Corr
0.75	TGLMX	Tcw Total Return	Pair Corr
0.94	TGPCX	Tcw Servative Allocation	Pair Corr
0.87	TGPNX	Tcw Servative Allocation	Pair Corr
0.82	TGREX	Tcw Global Real	Pair Corr
0.82	TGRYX	Tcw Global Real	Pair Corr
0.89	TGWIX	Tcw Emerging Markets	Pair Corr
0.89	TGWNX	Tcw Emerging Markets	Pair Corr
0.93	TGVNX	Tcw Relative Value	Pair Corr
0.91	TGVOX	Tcw Relative Value	Pair Corr
0.9	MWCIX	Metropolitan West	Pair Corr
0.91	MWCRX	Metropolitan West	Pair Corr
0.96	MWHYX	Metropolitan West High	Pair Corr
0.82	MWIGX	Metropolitan West	Pair Corr
0.83	MWISX	Metropolitan West	Pair Corr
0.92	MWLIX	Metropolitan West Low	Pair Corr
0.91	MWLDX	Metropolitan West Low	Pair Corr
0.94	MWSIX	Metropolitan West	Pair Corr
0.94	MWUIX	Metropolitan West Ultra	Pair Corr
0.94	MWUSX	Metropolitan West Ultra	Pair Corr
0.89	MWSTX	Metropolitan West	Pair Corr
0.65	MWTIX	Metropolitan West Total	Pair Corr
0.64	MWTTX	Metropolitan West Total	Pair Corr
0.66	MWTRX	Metropolitan West Total	Pair Corr
0.96	AHTFX	American High Income	Pair Corr

Moving against Metropolitan Mutual Fund

0.48

TGCNX

Tcw Select Equities

Pair Corr

Related Correlations Analysis

	DCIBX	PRNYX	FOHTX	GBAB	PCTIX	IOBAX	BTIIX	SSAGX	HULEX	MGBIX
DCIBX		0.92	0.9	0.48	0.93	0.97	0.75	0.95	0.86	0.83	DCIBX
PRNYX	0.92		0.98	0.55	0.99	0.85	0.56	0.86	0.76	0.79	PRNYX
FOHTX	0.9	0.98		0.55	0.99	0.83	0.55	0.85	0.77	0.78	FOHTX
GBAB	0.48	0.55	0.55		0.58	0.48	0.08	0.37	0.36	0.55	GBAB
PCTIX	0.93	0.99	0.99	0.58		0.86	0.55	0.87	0.77	0.8	PCTIX
IOBAX	0.97	0.85	0.83	0.48	0.86		0.81	0.96	0.9	0.85	IOBAX
BTIIX	0.75	0.56	0.55	0.08	0.55	0.81		0.81	0.85	0.64	BTIIX
SSAGX	0.95	0.86	0.85	0.37	0.87	0.96	0.81		0.92	0.81	SSAGX
HULEX	0.86	0.76	0.77	0.36	0.77	0.9	0.85	0.92		0.8	HULEX
MGBIX	0.83	0.79	0.78	0.55	0.8	0.85	0.64	0.81	0.8		MGBIX
	DCIBX	PRNYX	FOHTX	GBAB	PCTIX	IOBAX	BTIIX	SSAGX	HULEX	MGBIX

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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
DCIBX	0.05	0.02	0.00	(3.81)	0.00	0.00	0.10	(0.10)	0.29
PRNYX	0.09	0.00	(0.14)	0.00	0.00	(0.15)	0.28	(0.09)	0.93
FOHTX	0.08	0.01	(0.20)	0.99	0.00	(0.14)	0.19	(0.19)	0.56
GBAB	0.46	0.02	(0.02)	0.12	0.67	(0.44)	0.95	(1.07)	2.92
PCTIX	0.08	0.01	(0.18)	1.07	0.00	(0.15)	0.28	(0.09)	0.75
IOBAX	0.07	0.02	(0.18)	3.74	0.00	(0.14)	0.12	(0.12)	0.36
BTIIX	0.76	0.17	0.18	0.28	0.56	(0.90)	1.16	(1.54)	15.46
SSAGX	0.05	0.01	0.00	0.61	0.00	0.00	0.10	(0.10)	0.51
HULEX	0.58	0.04	0.04	0.08	0.66	(0.62)	1.11	(1.31)	3.74
MGBIX	0.14	0.01	(0.14)	0.28	0.00	(0.17)	0.27	(0.27)	0.73

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