Congress Large Correlations

Mutual Funds USA . 
Fund . Congress Large Cap
CAMLX Fund  USD 49.52  0.13  0.26%   
The current 90-days correlation between Congress Large Cap and Congress Mid Cap is 0.9 (i.e., Almost no diversification). The correlation of Congress Large 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.

Congress Large Correlation With Market

Very poor diversification

The correlation between Congress Large Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congress Large Cap 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 Congress Large Cap. 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 bureau of economic analysis.

Moving together with Congress Mutual Fund

  0.95IMIDX Congress Mid CapPairCorr
  0.95CMIDX Congress Mid CapPairCorr
  0.98CMLIX Congress Large CapPairCorr
  0.99CSMCX Century Small CapPairCorr
  0.99CSMVX Century Small CapPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.98GFAFX Growth FundPairCorr
  0.98AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.98CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.98CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.95PDI Pimco Dynamic IncomePairCorr
  0.91FTCAX Templeton Strained BondPairCorr
  0.96OBMCX Oberweis Micro CapPairCorr
  0.93PDARX Diversified Real AssetPairCorr
  0.96IASMX Guinness Atkinson AsiaPairCorr
  0.98DILCX Davis InternationalPairCorr
  0.99JTRBX Jpmorgan SmartretirementPairCorr
  0.65FPHAX Pharmaceuticals PortfolioPairCorr
  0.83MLXIX Catalyst Mlp InfrastPairCorr
  0.97MSEGX Growth Portfolio ClassPairCorr
  0.98CBLSX Cb Large CapPairCorr
  0.8NWHZX Nationwide Geneva SmallPairCorr
  0.93SITEX Sit Emerging MarketsPairCorr
  0.69IMAAX Ivy Apollo MultiPairCorr
  0.93PSHAX Short Term FundPairCorr

Moving against Congress Mutual Fund

  0.99USPSX Profunds Ultrashort Potential GrowthPairCorr
  0.75TCTGX Transamerica CleartrackPairCorr
  0.74TDKTX Cleartrack 2015 ClassPairCorr
  0.99USPIX Profunds UltrashortPairCorr
  0.98UIPIX Ultrashort Mid CapPairCorr
  0.75TCTJX Transamerica CleartrackPairCorr
  0.74TCSUX Cleartrack 2020 ClassPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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