Washington Mutual Correlations

Mutual Funds . USA . 
Fund . Washington Mutual Investors
WMFFX Fund  USD 64.17  0.46  0.72%   
The current 90-days correlation between Washington Mutual and The Gold Bullion is 0.05 (i.e., Significant diversification). The correlation of Washington Mutual 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.

Washington Mutual Correlation With Market

Modest diversification

The correlation between Washington Mutual Investors and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Washington Mutual Investors and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Washington Mutual Investors. 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 census.

Moving together with Washington Mutual Fund

  0.9AMECX Income FundPairCorr
  0.79RNEBX New World FundPairCorr
  0.91AMFCX American MutualPairCorr
  0.91AMFFX American MutualPairCorr
  0.94RNCCX American Funds IncomePairCorr
  0.93RNGGX New Economy FundPairCorr
  0.93RNGFX New Economy FundPairCorr
  0.93RNGHX New Economy FundPairCorr
  0.92RNGBX New Economy FundPairCorr
  0.92RNGAX New Economy FundPairCorr
  0.93RNGEX New Economy FundPairCorr
  0.64AMHIX American High IncomePairCorr
  0.61TEFEX Tax Exempt FundPairCorr
  0.91AMRMX American MutualPairCorr
  0.79RNWFX New World FundPairCorr
  0.97ANCFX American Funds FundaPairCorr
  0.92ANFCX New Economy FundPairCorr
  0.62TFEBX Tax Exempt BondPairCorr
  0.94ANWPX New PerspectivePairCorr
  0.92BALCX American BalancedPairCorr
  0.92CWGIX Capital World GrowthPairCorr
  1.0WSHFX Washington MutualPairCorr
  0.92CWICX Capital World GrowthPairCorr
  1.0CWMAX Washington MutualPairCorr
  0.68GVTFX Us Government SecuritiesPairCorr
  0.92FAFGX American FundsPairCorr
  0.68FAX Aberdeen Asia PacificPairCorr
  0.92CFIHX Capital Income BuilderPairCorr
  0.89TYIFX American Funds TaxPairCorr
  0.88GFAFX Growth FundPairCorr
  0.9SCWFX Smallcap WorldPairCorr
  0.92CGFFX Growth FundPairCorr
  0.81CGPEX American Funds GrowthPairCorr
  0.7CGTFX Us Government SecuritiesPairCorr
  0.71CGTCX Us Government SecuritiesPairCorr

Related Correlations Analysis

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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   
IIGCX
+ 0.99
SGDIX
SGDIX
+ 0.95
GLDAX
IIGCX
+ 0.95
GLDAX
IIGCX
+ 0.81
QGLDX
SGDIX
+ 0.79
QGLDX
GLDAX
+ 0.75
QGLDX
  
High negative correlations   
SPPIX
- 0.99
GLDAX
IIGCX
- 0.95
SPPIX
SPPIX
- 0.94
SGDIX
SPPIX
- 0.71
QGLDX
IIGCX
- 0.33
GZIRX
GLDAX
- 0.33
GZIRX

Risk-Adjusted Indicators

There is a big difference between Washington Mutual Fund performing well and Washington Mutual 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 Washington Mutual'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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