Walden Asset Correlations

WSBFX Fund

USD 23.81 0.20 0.85%

The current 90-days correlation between Walden Asset Management and Walden Equity Fund is 0.96 (i.e., Almost no diversification). The correlation of Walden Asset 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.

Walden Asset Correlation With Market

Significant diversification

The correlation between Walden Asset Management and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Walden Asset Management 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 Walden Asset Management. 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 Walden Mutual Fund

0.9	WSEFX	Walden Equity	Pair Corr
0.64	BTBFX	Boston Trust Asset	Pair Corr
0.7	BTMFX	Boston Trust Midcap	Pair Corr
0.68	IFACX	Income Fund	Pair Corr
0.68	RIDBX	Income Fund	Pair Corr
0.68	RIDFX	Income Fund	Pair Corr
0.63	VTSMX	Vanguard Total Stock	Pair Corr
0.61	GAB	Gabelli Equity Trust	Pair Corr

Moving against Walden Mutual Fund

0.41

JNJ

Johnson Johnson Fiscal Year End 28th of January 2025

Pair Corr

Related Correlations Analysis

	WSEFX	BTBFX	WPSKX	WPSIX	BTMFX
WSEFX		0.78	-0.1	0.6	0.81	WSEFX
BTBFX	0.78		-0.1	0.87	0.97	BTBFX
WPSKX	-0.1	-0.1		-0.09	-0.03	WPSKX
WPSIX	0.6	0.87	-0.09		0.81	WPSIX
BTMFX	0.81	0.97	-0.03	0.81		BTMFX
	WSEFX	BTBFX	WPSKX	WPSIX	BTMFX

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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

BTMFX	+ 0.97	BTBFX
WPSIX	+ 0.87	BTBFX
BTMFX	+ 0.81	WSEFX
BTMFX	+ 0.81	WPSIX
BTBFX	+ 0.78	WSEFX
WPSIX	+ 0.6	WSEFX

High negative correlations

WPSKX	- 0.1	BTBFX
WPSKX	- 0.1	WSEFX
WPSIX	- 0.09	WPSKX
BTMFX	- 0.03	WPSKX

Risk-Adjusted Indicators

There is a big difference between Walden Mutual Fund performing well and Walden Asset 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 Walden Asset'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
WSEFX	0.47	0.05	(0.09)	2.65	0.52	(0.52)	0.81	(1.07)	3.79
BTBFX	0.36	(0.01)	(0.13)	0.11	0.33	(0.42)	0.61	(0.77)	2.74
WPSKX	0.48	(0.01)	(0.15)	(0.33)	0.65	(0.54)	1.08	(1.10)	3.29
WPSIX	0.58	0.08	(0.04)	(28.25)	0.71	(0.62)	1.27	(1.13)	4.07
BTMFX	0.54	0.01	(0.03)	0.13	0.41	(0.65)	1.35	(0.86)	3.33

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