Congressional Effect Correlations

Mutual Funds USA . 
Fund . Congressional Effect Fund
CEFIX Fund  USD 15.31  0.09  0.59%   
The current 90-days correlation between Congressional Effect and Fidelity Sai Convertible is -0.11 (i.e., Good diversification). The correlation of Congressional Effect 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.

Congressional Effect Correlation With Market

Very weak diversification

The correlation between Congressional Effect Fund and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congressional Effect Fund 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 Congressional Effect Fund. 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 census.

Moving together with Congressional Mutual Fund

  0.93CDHIX Calvert Developed MarketPairCorr
  0.9CDHAX Calvert Developed MarketPairCorr
  0.86CDICX Calvert Short DurationPairCorr
  0.93CDHRX Calvert InternationalPairCorr
  0.84CDSRX Calvert Short DurationPairCorr
  0.84CDSIX Calvert Short DurationPairCorr
  0.94CVMAX Calvert Emerging MarketsPairCorr
  0.94CVMRX Calvert Emerging MarketsPairCorr
  0.94CVMIX Calvert Emerging MarketsPairCorr
  0.93CVMCX Calvert Emerging MarketsPairCorr
  1.0CEFAX Calvert Emerging MarketsPairCorr
  0.73CEMCX Calvert Emerging MarketsPairCorr
  0.69CEMAX Calvert Emerging MarketsPairCorr
  0.91CFAIX Calvert ConservativePairCorr
  0.88CFICX Calvert IncomePairCorr
  0.75CFJIX Calvert Large CapPairCorr
  0.74CFJAX Calvert Large CapPairCorr
  0.8CFOIX Calvert Floating RatePairCorr
  0.79CFOAX Calvert Floating RatePairCorr
  0.82CFWCX Calvert Global WaterPairCorr
  0.79CFWAX Calvert Global WaterPairCorr
  0.79CFWIX Calvert Global WaterPairCorr
  0.89CGARX Calvert Responsible IndexPairCorr
  0.93CGAEX Calvert Global EnergyPairCorr
  0.86CGAFX Calvert Green BondPairCorr
  0.93CGACX Calvert Global EnergyPairCorr
  0.85CGBIX Calvert Green BondPairCorr
  0.93CGJAX Calvert Large CapPairCorr
  0.95CGJIX Calvert Large CapPairCorr
  0.71CGLIX Calvert Global EquityPairCorr
  0.64CGLAX Calvert Global EquityPairCorr
  0.85CYBAX Calvert High YieldPairCorr
  0.85CYBRX Calvert High YieldPairCorr
  0.86CYBIX Calvert High YieldPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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