WASHINGTON MUTUAL Correlations

RWMAX Fund

USD 66.22 -0.55 -0.82%

Current 90-days correlation between Washington Mutual and Prudential Government Income is 0.44 (i.e., Weak diversification).The correlation coefficient ranges from -1 to +1 and quantifies how closely the stock co-moves with paired assets.

Market Correlation - WASHINGTON MUTUAL

Minimal diversification benefit

The correlation between WASHINGTON MUTUAL and Dow Jones is 0.97, which Macroaxis classifies as Minimal diversification benefit for the selected horizon. A 0.97 reading means WASHINGTON MUTUAL and Dow Jones have substantial price overlap, limiting risk reduction through pairing.

Sector and factor exposure at the portfolio level determines how concentrated or diversified the allocation is. Understanding allocation structure supports portfolio context. Historical return correlation between positions is a key input for construction decisions. Broader economic conditions can influence Washington Mutual Investors's mutual fund valuation - related indicators include signals in nation.

Moving together with WASHINGTON Mutual Fund

0.96	VVIAX	Vanguard Value Index	Pair Corr
0.95	AWSHX	Washington Mutual	Pair Corr
0.95	WSHCX	Washington Mutual	Pair Corr
0.95	WSHFX	Washington Mutual	Pair Corr
1.0	FWWMX	American Funds Washington	Pair Corr
1.0	FWMMX	American Funds Washington	Pair Corr
0.96	DODGX	Dodge Stock Fund	Pair Corr
0.95	CWMAX	Washington Mutual	Pair Corr
1.0	RWMGX	Washington Mutual	Pair Corr
0.89	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VTSAX	Vanguard Total Stock	Pair Corr
0.89	VTSMX	Vanguard Total Stock	Pair Corr
0.85	VSTSX	Vanguard Total Stock	Pair Corr
0.85	VITSX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.94	VTIAX	Vanguard Total	Pair Corr
0.89	VFINX	Vanguard 500 Index	Pair Corr
0.85	VFFSX	Vanguard 500 Index	Pair Corr
0.64	VBTLX	Vanguard Total Bond	Pair Corr
0.67	CAT	Caterpillar	Pair Corr
0.63	DD	Dupont De Nemours	Pair Corr
0.88	DIS	Walt Disney Aggressive Push	Pair Corr
0.7	AXP	American Express	Pair Corr
0.77	JPM	JPMorgan Chase	Pair Corr
0.77	BAC	Bank of America	Pair Corr
0.68	WMT	Walmart	Pair Corr

Moving Against WASHINGTON Mutual Fund

0.85	XOM	Exxon Mobil Corp	Pair Corr
0.55	T	ATT Inc	Pair Corr
0.36	PFE	Pfizer Inc Sell-off Trend	Pair Corr

Related Correlations Analysis

	AGOIX	FISAX	WMBDX	USGFX	PGIQX
AGOIX		0.27	0.89	0.89	0.98	AGOIX
FISAX	0.27		0.23	0.31	0.18	FISAX
WMBDX	0.89	0.23		0.99	0.9	WMBDX
USGFX	0.89	0.31	0.99		0.88	USGFX
PGIQX	0.98	0.18	0.9	0.88		PGIQX
	AGOIX	FISAX	WMBDX	USGFX	PGIQX

Risk-Adjusted Indicators

Strong recent returns in WASHINGTON Mutual Fund do not always mean WASHINGTON MUTUAL Mutual Fund is outperforming peers on business quality. Risk-adjusted metrics help compare WASHINGTON MUTUAL's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
AGOIX	0.19	-0.01	0.00	-0.11	0.00	0.00	0.29	-0.43	1.28
FISAX	0.03	-0.01	-0.09	-0.81	0.00	-0.23	0.13	-0.13	0.53
WMBDX	0.23	-0.01	-0.04	-0.15	0.27	-0.29	0.50	-0.50	1.39
USGFX	0.22	-0.01	-0.04	-0.18	0.26	-0.29	0.50	-0.50	1.33
PGIQX	0.22	-0.01	-0.04	-0.07	0.26	-0.29	0.38	-0.50	1.26