Washington Mutual Correlations

Mutual Funds . USA . 
Fund . Washington Mutual Investors
WSHFX Fund  USD 62.17  0.49  0.78%   
The current 90-days correlation between Washington Mutual and Growth Fund Of is 0.66 (i.e., Poor 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

Good diversification

The correlation between Washington Mutual Investors and DJI is -0.04 (i.e., Good 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

  0.81AMECX Income FundPairCorr
  0.76RNEBX New World FundPairCorr
  0.83AMFCX American MutualPairCorr
  0.92AMFFX American MutualPairCorr
  0.87RNCCX American Funds IncomePairCorr
  0.9AMEFX Income FundPairCorr
  0.94RNGGX New Economy FundPairCorr
  0.85RNGFX New Economy FundPairCorr
  0.85RNGHX New Economy FundPairCorr
  0.93RNGBX New Economy FundPairCorr
  0.85RNGAX New Economy FundPairCorr
  0.85RNGEX New Economy FundPairCorr
  0.93RNGCX New Economy FundPairCorr
  0.65AMHIX American High IncomePairCorr
  0.69TEBCX Tax Exempt BondPairCorr
  0.69TECCX Tax Exempt FundPairCorr
  0.64TEAFX Tax Exempt BondPairCorr
  0.86FPTPX American Funds ConsePairCorr
  0.63TECFX Tax Exempt FundPairCorr
  0.63TEFEX Tax Exempt FundPairCorr
  0.85RNNEX New Economy FundPairCorr
  0.82CDJAX American Funds CollegePairCorr
  0.85AMPCX Amcap Fund ClassPairCorr
  0.83AMPFX Amcap Fund ClassPairCorr
  0.91RNPBX New PerspectivePairCorr
  0.91RNPAX New PerspectivePairCorr
  0.91RNPHX New PerspectivePairCorr
  0.9RNPGX New PerspectivePairCorr
  0.91RNPCX New PerspectivePairCorr
  0.9RNPFX New PerspectivePairCorr
  0.91RNPEX New PerspectivePairCorr
  0.83AMRMX American MutualPairCorr
  0.83AMRFX American MutualPairCorr
  0.76RNRPX American Funds RetirementPairCorr
  0.68AMUSX Us Government SecuritiesPairCorr
  0.65TEPCX American Funds TaxPairCorr
  0.76RNWFX New World FundPairCorr

Related Correlations Analysis

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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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