Value Fund Correlations

Mutual Funds . USA . 
Fund . Value Fund R5
AVUGX Fund  USD 8.56  0.13  1.54%   
The current 90-days correlation between Value Fund R5 and Artisan High Income is 0.27 (i.e., Modest diversification). The correlation of Value Fund 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.

Value Fund Correlation With Market

Very poor diversification

The correlation between Value Fund R5 and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund R5 and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Value Fund R5. 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 rate.

Moving together with Value Mutual Fund

  0.99AMDVX Mid Cap ValuePairCorr
  0.96AMEIX Equity GrowthPairCorr
  0.99AMGIX Income GrowthPairCorr
  0.79CDBCX Diversified BondPairCorr
  0.94AMKIX Emerging MarketsPairCorr
  0.85TWACX Short Term GovernmentPairCorr
  0.96TWADX Value Fund APairCorr
  0.93TWCCX Ultra Fund CPairCorr
  0.92TWCAX Select Fund APairCorr
  0.94TWCIX Select Fund InvestorPairCorr
  0.93TWCGX Growth Fund InvestorPairCorr
  0.85TWARX Short Term GovernmentPairCorr
  0.83TWAVX Short Term GovernmentPairCorr
  0.99AMVYX Mid Cap ValuePairCorr
  0.99AMVRX Mid Cap ValuePairCorr
  0.95TWBIX Balanced Fund InvestorPairCorr
  0.99AMVGX Mid Cap ValuePairCorr
  0.99TWEAX Equity IncomePairCorr
  0.99TWEIX Equity IncomePairCorr
  0.93TWCUX Ultra Fund InvestorPairCorr
  0.93TWGIX Growth Fund IPairCorr
  0.9TWGGX Global GrowthPairCorr
  0.81TWHIX Heritage Fund InvestorPairCorr
  0.94TWMIX Emerging MarketsPairCorr
  0.93TWRCX Growth Fund CPairCorr
  0.67TWTCX Intermediate Term TaxPairCorr
  0.73TWTIX Intermediate Term TaxPairCorr
  0.97TWSCX Strategic AllocationPairCorr
  0.97TWSAX Strategic AllocationPairCorr
  0.97TWSMX Strategic AllocationPairCorr
  0.94TWSIX Select Fund IPairCorr
  0.81TWUSX Short Term GovernmentPairCorr
  1.0TWVLX Value Fund InvestorPairCorr
  0.92TWUAX Ultra Fund APairCorr
  0.93TWUIX Ultra Fund IPairCorr
  0.84TWUOX Short Term GovernmentPairCorr
  0.72TWWOX Intermediate Term TaxPairCorr
  0.91NPHIX High Income FundPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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