The Biondo Correlations

BFONX Fund

USD 20.86 0.02 0.1%

The current 90-days correlation between Biondo Focus and Large Cap Equity is 0.39 (i.e., Weak diversification). The correlation of The Biondo 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.

The Biondo Correlation With Market

Very poor diversification

The correlation between The Biondo Focus and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Biondo Focus 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 The Biondo Focus. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with The Mutual Fund

0.78	GFACX	Growth Fund	Pair Corr
0.78	GFAFX	Growth Fund	Pair Corr
0.76	AGTHX	Growth Fund	Pair Corr
0.78	FAFGX	American Funds	Pair Corr
0.78	FFAFX	American Funds	Pair Corr
0.78	CGFFX	Growth Fund	Pair Corr
0.78	CGFCX	Growth Fund	Pair Corr
0.78	CGFAX	Growth Fund	Pair Corr
0.78	CGFEX	Growth Fund	Pair Corr
0.77	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VSMPX	Vanguard Total Stock	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.77	VSTSX	Vanguard Total Stock	Pair Corr
0.72	VTIAX	Vanguard Total Inter	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.76	VFFSX	Vanguard 500 Index	Pair Corr
0.68	RYRSX	Russell 2000 2x	Pair Corr
0.75	OWSMX	Old Westbury Small	Pair Corr
0.82	PEQCX	Putnam Equity Income	Pair Corr
0.84	SGISX	Stewart Global Equity	Pair Corr
0.72	LIDPX	Blackrock Lifepath Index	Pair Corr
0.93	FKKSX	Federated Kaufmann Small	Pair Corr
0.76	JRTIX	Multi Index 2030	Pair Corr
0.69	FMTIX	Franklin Moderate	Pair Corr
0.85	HSCVX	Hunter Small Cap	Pair Corr
0.68	EABSX	Eaton Vance Tabs	Pair Corr
0.88	ARTLX	Artisan Value	Pair Corr
0.83	PUFCX	Prudential Financial Potential Growth	Pair Corr
0.7	GBCAX	Gabelli Dividend	Pair Corr
0.83	SASMX	Clearbridge Small Cap	Pair Corr
0.86	GFSDX	Columbia Dividend Income	Pair Corr
0.8	DFWVX	World Ex Val	Pair Corr

Related Correlations Analysis

	ATACX	LOGSX	WMKTX	OTPSX	JLGAX	FFBFX	FLRYX	ADKSX	TRARX	IICAX
ATACX		-0.68	-0.19	0.21	0.43	0.0	-0.27	-0.26	-0.12	-0.08	ATACX
LOGSX	-0.68		0.67	0.14	-0.14	0.47	0.68	0.69	0.63	0.54	LOGSX
WMKTX	-0.19	0.67		0.57	0.32	0.86	0.95	0.93	0.92	0.84	WMKTX
OTPSX	0.21	0.14	0.57		0.93	0.69	0.59	0.47	0.73	0.78	OTPSX
JLGAX	0.43	-0.14	0.32	0.93		0.5	0.32	0.2	0.53	0.59	JLGAX
FFBFX	0.0	0.47	0.86	0.69	0.5		0.85	0.88	0.89	0.93	FFBFX
FLRYX	-0.27	0.68	0.95	0.59	0.32	0.85		0.95	0.88	0.83	FLRYX
ADKSX	-0.26	0.69	0.93	0.47	0.2	0.88	0.95		0.86	0.84	ADKSX
TRARX	-0.12	0.63	0.92	0.73	0.53	0.89	0.88	0.86		0.95	TRARX
IICAX	-0.08	0.54	0.84	0.78	0.59	0.93	0.83	0.84	0.95		IICAX
	ATACX	LOGSX	WMKTX	OTPSX	JLGAX	FFBFX	FLRYX	ADKSX	TRARX	IICAX

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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

FLRYX	+ 0.95	WMKTX
ADKSX	+ 0.95	FLRYX
IICAX	+ 0.95	TRARX
ADKSX	+ 0.93	WMKTX
JLGAX	+ 0.93	OTPSX
IICAX	+ 0.93	FFBFX

High negative correlations

LOGSX	- 0.68	ATACX
FLRYX	- 0.27	ATACX
ADKSX	- 0.26	ATACX
WMKTX	- 0.19	ATACX
JLGAX	- 0.14	LOGSX
TRARX	- 0.12	ATACX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Biondo 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 The Biondo'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
ATACX	0.69	(0.10)	0.00	(0.06)	0.00	0.00	1.45	(1.49)	3.91
LOGSX	0.61	0.12	0.13	0.32	0.46	(0.72)	1.42	(1.09)	3.71
WMKTX	0.44	0.09	0.09	0.26	0.21	(0.55)	0.86	(0.75)	4.70
OTPSX	0.79	(0.02)	(0.03)	0.04	1.13	(0.77)	1.80	(2.07)	5.04
JLGAX	0.83	(0.05)	(0.04)	0.01	1.28	(0.75)	1.71	(2.16)	5.48
FFBFX	1.16	(0.02)	0.01	0.06	1.36	(1.25)	2.51	(2.91)	5.89
FLRYX	0.69	0.08	0.07	0.16	0.74	(0.71)	1.37	(1.38)	9.15
ADKSX	0.79	0.18	0.18	0.29	0.54	(0.92)	1.80	(1.34)	8.81
TRARX	0.18	0.00	(0.17)	0.08	0.12	(0.23)	0.44	(0.35)	1.12
IICAX	0.53	(0.01)	(0.03)	0.06	0.62	(0.57)	1.14	(1.12)	3.26

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