Metropolitan West Correlations

MWUIX Fund

USD 4.19 0.00 0.00%

The current 90-days correlation between Metropolitan West Ultra and Franklin California High is 0.47 (i.e., Very weak 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 Ultra and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metropolitan West Ultra 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 Ultra. 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

0.85	TGWIX	Tcw Emerging Markets	Pair Corr
0.93	MWCIX	Metropolitan West	Pair Corr
0.75	MWCRX	Metropolitan West	Pair Corr
0.9	MWLIX	Metropolitan West Low	Pair Corr
0.91	MWSIX	Metropolitan West	Pair Corr
0.98	MWUSX	Metropolitan West Ultra	Pair Corr
0.91	MWSTX	Metropolitan West	Pair Corr
0.8	PTSPX	Pimco Short Term	Pair Corr
0.8	PTSHX	Short Term Fund	Pair Corr
0.8	PSFAX	Short Term Fund	Pair Corr
0.8	PTSRX	Short Term Fund	Pair Corr

Moving against Metropolitan Mutual Fund

0.54	TGRYX	Tcw Global Real	Pair Corr
0.5	TGREX	Tcw Global Real	Pair Corr
0.33	TGGFX	Tcw Global Bond	Pair Corr

Related Correlations Analysis

	FCQAX	MRHYX	SGYAX	PARJX	0P0000A2WI	TRRJX
FCQAX		0.47	0.26	0.38	0.46	0.39	FCQAX
MRHYX	0.47		0.9	0.89	0.9	0.92	MRHYX
SGYAX	0.26	0.9		0.85	0.88	0.88	SGYAX
PARJX	0.38	0.89	0.85		0.76	0.99	PARJX
0P0000A2WI	0.46	0.9	0.88	0.76		0.8	0P0000A2WI
TRRJX	0.39	0.92	0.88	0.99	0.8		TRRJX
	FCQAX	MRHYX	SGYAX	PARJX	0P0000A2WI	TRRJX

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
FCQAX	0.07	0.01	(0.47)	(5.80)	0.00	(0.15)	0.21	(0.10)	0.62
MRHYX	0.09	0.01	(0.28)	0.14	0.00	(0.17)	0.24	(0.24)	0.59
SGYAX	0.13	0.01	(0.32)	(1.10)	0.02	(0.26)	0.29	(0.29)	1.00
PARJX	0.36	0.04	0.02	0.16	0.21	(0.42)	0.72	(0.60)	4.09
0P0000A2WI	0.13	0.03	(0.23)	1.26	0.00	(0.23)	0.44	(0.15)	0.88
TRRJX	0.47	0.04	0.02	0.13	0.46	(0.50)	0.96	(0.89)	3.80

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