Commodity Return Correlations

Mutual Funds . USA . 
Fund . Commodity Return Strategy
CCRSX Fund  USD 18.52  0.14  0.75%   
The current 90-days correlation between Commodity Return Strategy and Vanguard Information Technology is -0.28 (i.e., Very good diversification). The correlation of Commodity Return 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.

Commodity Return Correlation With Market

Very good diversification

The correlation between Commodity Return Strategy and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commodity Return Strategy 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 Commodity Return Strategy. 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 state.

Moving together with Commodity Mutual Fund

  1.0CRSOX Credit Suisse ModityPairCorr
  0.98CRSAX Credit Suisse ModityPairCorr
  0.87CCRRX Credit Suisse TrustPairCorr
  0.97PCRIX CommodityrealreturnPairCorr
  0.97PCRRX CommodityrealreturnPairCorr
  0.97PCRPX Pimco ModityrealreturnPairCorr
  0.97PCSRX CommodityrealreturnPairCorr
  0.7PCRAX CommodityrealreturnPairCorr
  0.97PCRCX CommodityrealreturnPairCorr
  0.97PCRNX Pimco CommodityrealretPairCorr
  0.95PCLAX Pimco ModitiesplusPairCorr
  0.93PCPCX Pimco CommoditiesplusPairCorr
  0.86PCLNX Pimco CommoditiesplusPairCorr
  0.61HASGX Harbor Small CapPairCorr

Moving against Commodity Mutual Fund

  0.47CSQAX Credit Suisse MultiaPairCorr
  0.45CSQIX Credit Suisse MultiaPairCorr
  0.63XDSMX Dreyfus StrategicPairCorr
  0.61XNBHX Neuberger Berman IntPairCorr
  0.59XNXJX Nuveen New JerseyPairCorr
  0.4XPPRX Voya Prime RatePairCorr
  0.39LVAFX Lsv Global ManagedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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