Crafword Dividend Correlations

CDGCX Fund

USD 14.20 0.11 0.78%

The current 90-days correlation between Crafword Dividend Growth and Crawford Dividend Growth is 1.0 (i.e., No risk reduction). The correlation of Crafword Dividend 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.

Crafword Dividend Correlation With Market

Almost no diversification

The correlation between Crafword Dividend Growth and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crafword Dividend Growth 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 Crafword Dividend Growth. 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 main economic indicators.

Moving together with Crafword Mutual Fund

0.97	VVIAX	Vanguard Value Index	Pair Corr
0.96	DOXGX	Dodge Cox Stock	Pair Corr
0.99	AFMFX	American Mutual	Pair Corr
0.99	FFMMX	American Funds American	Pair Corr
0.99	FFFMX	American Funds American	Pair Corr
0.99	AMRMX	American Mutual	Pair Corr
0.99	AMFFX	American Mutual	Pair Corr
0.98	AMFCX	American Mutual	Pair Corr
0.96	DODGX	Dodge Stock Fund	Pair Corr
0.97	VIVAX	Vanguard Value Index	Pair Corr
0.93	VSTSX	Vanguard Total Stock	Pair Corr
0.93	VSMPX	Vanguard Total Stock	Pair Corr
0.93	VITSX	Vanguard Total Stock	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.62	VTISX	Vanguard Total Inter	Pair Corr
0.62	VTSNX	Vanguard Total Inter	Pair Corr
0.62	VTPSX	Vanguard Total Inter	Pair Corr
0.94	VINIX	Vanguard Institutional	Pair Corr
0.93	VTSAX	Vanguard Total Stock	Pair Corr
0.69	SGLYX	Simt Global Managed	Pair Corr
0.8	PIEFX	Pnc Emerging Markets	Pair Corr

Moving against Crafword Mutual Fund

0.6	HUBAX	Hartford Ultrashort Bond	Pair Corr
0.58	TRLZX	T Rowe Price	Pair Corr
0.5	CUSOX	Columbia Ultra Short	Pair Corr
0.45	PAIQX	Pimco Short Asset	Pair Corr
0.42	USDIX	Ubs Ultra Short	Pair Corr
0.41	PAMSX	Pimco Short Asset	Pair Corr
0.41	PAIPX	Pimco Short Asset	Pair Corr
0.39	MASNX	Litman Gregory Masters	Pair Corr

Related Correlations Analysis

	CDGIX	CDGCX	CDOFX	CMALX	RCWBX	INTIX	BAFZX	PGTOX	FIEZX	CMGUX
CDGIX		1.0	0.92	0.85	-0.49	0.55	-0.22	-0.51	0.71	-0.62	CDGIX
CDGCX	1.0		0.93	0.85	-0.51	0.54	-0.23	-0.53	0.7	-0.64	CDGCX
CDOFX	0.92	0.93		0.72	-0.71	0.29	-0.46	-0.74	0.49	-0.82	CDOFX
CMALX	0.85	0.85	0.72		-0.34	0.62	0.13	-0.37	0.74	-0.39	CMALX
RCWBX	-0.49	-0.51	-0.71	-0.34		0.34	0.59	0.99	0.13	0.8	RCWBX
INTIX	0.55	0.54	0.29	0.62	0.34		0.2	0.32	0.96	0.02	INTIX
BAFZX	-0.22	-0.23	-0.46	0.13	0.59	0.2		0.59	0.08	0.71	BAFZX
PGTOX	-0.51	-0.53	-0.74	-0.37	0.99	0.32	0.59		0.11	0.84	PGTOX
FIEZX	0.71	0.7	0.49	0.74	0.13	0.96	0.08	0.11		-0.14	FIEZX
CMGUX	-0.62	-0.64	-0.82	-0.39	0.8	0.02	0.71	0.84	-0.14		CMGUX
	CDGIX	CDGCX	CDOFX	CMALX	RCWBX	INTIX	BAFZX	PGTOX	FIEZX	CMGUX

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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

CDGCX	+ 1.0	CDGIX
PGTOX	+ 0.99	RCWBX
FIEZX	+ 0.96	INTIX
CDOFX	+ 0.93	CDGCX
CDOFX	+ 0.92	CDGIX
CMALX	+ 0.85	CDGIX

High negative correlations

CMGUX	- 0.82	CDOFX
PGTOX	- 0.74	CDOFX
RCWBX	- 0.71	CDOFX
CMGUX	- 0.64	CDGCX
CMGUX	- 0.62	CDGIX
PGTOX	- 0.53	CDGCX

Risk-Adjusted Indicators

There is a big difference between Crafword Mutual Fund performing well and Crafword Dividend 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 Crafword Dividend'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
CDGIX	0.90	0.08	0.00	(0.02)	0.00	0.00	1.57	(1.63)	8.64
CDGCX	0.90	0.08	0.00	(0.03)	0.00	0.00	1.51	(1.65)	8.73
CDOFX	1.21	0.00	0.00	(0.12)	0.00	0.00	2.39	(2.22)	12.10
CMALX	0.52	0.04	0.00	(0.03)	0.00	0.00	1.15	(1.24)	4.79
RCWBX	0.29	0.03	0.41	(0.54)	0.27	(0.33)	0.75	(0.49)	2.40
INTIX	0.96	0.17	0.11	0.10	1.59	(0.92)	1.87	(2.29)	9.37
BAFZX	0.30	0.01	0.30	(6.74)	0.36	(0.32)	0.56	(0.57)	1.77
PGTOX	0.29	0.04	0.39	(1.36)	0.21	(0.39)	0.76	(0.59)	2.11
FIEZX	0.95	0.18	0.11	0.10	1.57	(0.91)	2.13	(2.35)	9.26
CMGUX	0.03	0.00	0.00	0.00	0.00	0.00	0.11	(0.11)	0.54

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