Cemkx Correlations

CEMKX Fund

USD 10.10 0.05 0.50%

The current 90-days correlation between Cemkx and Short Term Government Fund is -0.27 (i.e., Very good diversification). The correlation of Cemkx 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.

Cemkx Correlation With Market

Good diversification

The correlation between Cemkx and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cemkx 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 Cemkx. 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 industry.

Moving together with Cemkx Mutual Fund

0.98	VTSAX	Vanguard Total Stock	Pair Corr
0.98	VFIAX	Vanguard 500 Index	Pair Corr
0.99	VTSMX	Vanguard Total Stock	Pair Corr
0.98	VITSX	Vanguard Total Stock	Pair Corr
0.99	VSTSX	Vanguard Total Stock	Pair Corr
0.99	VSMPX	Vanguard Total Stock	Pair Corr
0.98	VFINX	Vanguard 500 Index	Pair Corr
0.99	VFFSX	Vanguard 500 Index	Pair Corr
0.98	VGTSX	Vanguard Total Inter	Pair Corr
0.98	VTIAX	Vanguard Total Inter	Pair Corr
0.66	NHS	Neuberger Berman High	Pair Corr
0.96	CSCO	Cisco Systems	Pair Corr
0.95	CAT	Caterpillar	Pair Corr
0.79	CVX	Chevron Corp	Pair Corr
0.96	BAC	Bank of America Aggressive Push	Pair Corr
0.86	MMM	3M Company Sell-off Trend	Pair Corr
0.97	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.85	DD	Dupont De Nemours Earnings Call This Week	Pair Corr
0.76	INTC	Intel Earnings Call Today	Pair Corr
0.93	BA	Boeing Earnings Call This Week	Pair Corr
0.91	IBM	International Business	Pair Corr

Moving against Cemkx Mutual Fund

0.66	MCD	McDonalds	Pair Corr
0.58	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	TWACX	FUSRX	HCSBX	SNCAX	CFNLX	OWCAX	BIDPX
TWACX		0.91	0.68	0.78	0.74	0.79	0.6	TWACX
FUSRX	0.91		0.6	0.76	0.73	0.74	0.63	FUSRX
HCSBX	0.68	0.6		0.91	0.88	0.96	0.61	HCSBX
SNCAX	0.78	0.76	0.91		0.97	0.96	0.78	SNCAX
CFNLX	0.74	0.73	0.88	0.97		0.94	0.85	CFNLX
OWCAX	0.79	0.74	0.96	0.96	0.94		0.75	OWCAX
BIDPX	0.6	0.63	0.61	0.78	0.85	0.75		BIDPX
	TWACX	FUSRX	HCSBX	SNCAX	CFNLX	OWCAX	BIDPX

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Risk-Adjusted Indicators

There is a big difference between Cemkx Mutual Fund performing well and Cemkx 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 Cemkx'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
TWACX	0.09	0.00	(1.40)	0.01	0.00	(0.16)	0.22	(0.22)	0.56
FUSRX	0.26	0.00	(0.48)	0.19	0.30	(0.29)	0.60	(0.60)	1.41
HCSBX	0.05	0.02	0.00	(11.82)	0.00	0.00	0.10	(0.10)	0.42
SNCAX	0.09	0.00	(1.17)	0.19	0.00	(0.12)	0.22	(0.15)	0.52
CFNLX	0.12	0.00	(1.02)	0.28	0.01	(0.15)	0.28	(0.22)	0.82
OWCAX	0.08	0.02	(1.12)	7.05	0.00	(0.12)	0.21	(0.11)	0.53
BIDPX	0.14	0.00	(0.85)	0.16	0.16	(0.17)	0.29	(0.28)	0.94

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