Cargile Fund Correlations

Mutual Funds . USA . 
Fund . Cargile Fund
CFNDX Fund  USD 9.39  0.01  0.11%   
The current 90-days correlation between Cargile Fund and Retirement Living Through is -0.08 (i.e., Good diversification). The correlation of Cargile Fund 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.

Cargile Fund Correlation With Market

Good diversification

The correlation between Cargile Fund and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cargile 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 Cargile 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 unemployment.

Moving together with Cargile Mutual Fund

  0.93PAALX All Asset FundPairCorr
  0.93PATRX Pimco All AssetPairCorr
  0.93PAAIX All Asset FundPairCorr
  0.93PALPX Pimco All AssetPairCorr
  0.94PASAX All Asset FundPairCorr
  0.93PASCX All Asset FundPairCorr
  0.93PAANX Pimco All AssetPairCorr
  0.89PAUPX Pimco All AssetPairCorr
  0.89PAUIX Pimco All AssetPairCorr
  0.96SMPIX Semiconductor UltrasectorPairCorr
  0.96SMPSX Semiconductor UltrasectorPairCorr
  0.79EMO Clearbridge Energy MlpPairCorr
  0.62OSPPX Oppenheimer Steelpath MlpPairCorr
  0.67SPMPX Invesco Steelpath MlpPairCorr
  0.62MLPNX Oppenheimer Steelpath MlpPairCorr
  0.96RSNYX Victory Global NaturalPairCorr
  0.66MLPLX Oppenheimer Steelpath MlpPairCorr
  0.96RSNRX Victory Global NaturalPairCorr
  0.97POAGX Primecap Odyssey AggPairCorr
  0.83NRCFX Aew Real EstatePairCorr
  0.97EIBRX Eaton Vance IncomePairCorr
  0.98DSHZX Brinker Capital DestPairCorr
  0.97FMOKX Oklahoma College SavingsPairCorr
  0.85DLEUX Doubleline ShillerPairCorr
  0.95ALAYX Invesco Income AllocationPairCorr
  0.95ARIMX Amg River RoadPairCorr
  0.99PSOCX Stocksplus Total ReturnPairCorr
  0.96HIAOX Hartford InternationalPairCorr
  0.96SSYGX Dreyfusthe Boston PanyPairCorr
  0.96KCVSX Knights Of UmbusPairCorr
  0.94SMAAX Aig Government MoneyPairCorr
  0.96FLPSX Fidelity Low PricedPairCorr
  0.93GBMFX Gmo Benchmark FreePairCorr
  0.98RYTIX Technology Fund InvestorPairCorr
  0.93KNGLX Cboe Vest SpPairCorr
  0.91MFLLX Small Pany GrowthPairCorr
  0.96TOCQX The TocquevillePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Cargile Mutual Fund performing well and Cargile Fund 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 Cargile Fund'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
CFNDX  0.36  0.15 (0.06)(1.86) 0.00 
(0.46)
 1.06 
(0.68)
 3.47 
JHRDX  0.36  0.09 (0.01) 0.40  0.17 
(0.43)
 1.08 
(0.72)
 3.06 
EXHAX  0.57  0.05  0.02  0.24  0.43 
(0.62)
 1.54 
(0.94)
 4.10 
HRCCX  0.76  0.19  0.20  0.37  0.39 
(0.94)
 2.56 
(1.08)
 5.48 
GITAX  0.90  0.40  0.20 (4.23) 0.55 
(1.08)
 2.78 
(1.27)
 6.56 
GGPPX  0.43  0.11  0.06  0.35  0.00 
(0.53)
 1.53 
(0.80)
 3.07 
JRLZX  0.50  0.12  0.10  0.33  0.20 
(0.61)
 1.65 
(0.99)
 3.73 
PHK  0.32  0.11 (0.08) 1.09  0.00 
(0.49)
 0.88 
(0.43)
 2.17 
MKEAX  0.83  0.29  0.12 (3.26) 0.53 
(1.04)
 2.45 
(1.65)
 5.46 
GOIUX  0.36  0.08  0.00  0.34  0.00 
(0.45)
 1.21 
(0.51)
 2.59 

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