Catholic Values Correlations

Mutual Funds . USA . 
Fund . Catholic Values Fixed
CFVAX Fund  USD 8.60  0.02  0.23%   
The current 90-days correlation between Catholic Values Fixed and Simt Multi Asset Accumulation is 0.71 (i.e., Poor diversification). The correlation of Catholic Values 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.

Catholic Values Correlation With Market

Modest diversification

The correlation between Catholic Values Fixed and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Values Fixed 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 Catholic Values Fixed. 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 nation.

Moving together with Catholic Mutual Fund

  0.76SAAAX Simt Multi AssetPairCorr
  0.77SRYRX Simt Real ReturnPairCorr
  0.68SSTDX Saat Servative StrategyPairCorr
  0.63STDAX Saat Defensive StrategyPairCorr
  0.64ENIAX Siit Opportunistic IncomePairCorr
  0.99SCFYX Simt E FixedPairCorr
  0.62SCMSX Saat E MarketPairCorr
  0.66SCLAX Simt Multi AssetPairCorr
  0.99SCOAX Siit E FixedPairCorr
  1.0CFVYX Catholic Values FixedPairCorr
  1.0SCXIX Sei Insti MgdPairCorr
  0.71SCYYX Stet California MunicipalPairCorr
  0.61SUMAX Stet Short DurationPairCorr
  0.68SUSAX Siit Ultra ShortPairCorr
  0.87SDGFX Sdit Short DurationPairCorr
  0.63SVSAX Saat Servative StrategyPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Values 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 Catholic Values' 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
SAAAX  0.30  0.06 (0.09) 0.41  0.18 
(0.37)
 0.68 
(0.56)
 2.12 
SRWAX  0.34  0.16  0.05 (2.18) 0.00 
(0.40)
 1.10 
(0.62)
 2.29 
SRYRX  0.11  0.02 (0.51) 8.23  0.00 
(0.15)
 0.21 
(0.20)
 0.93 
SSCGX  0.82  0.06  0.06  0.19  0.80 
(0.89)
 2.18 
(1.49)
 5.22 
SSEAX  0.45  0.15  0.11  0.48  0.15 
(0.54)
 1.05 
(0.87)
 3.44 
SSGAX  0.45  0.11  0.08  0.32  0.18 
(0.51)
 1.40 
(0.85)
 2.98 
SASDX  0.45  0.11  0.07  0.32  0.22 
(0.53)
 1.44 
(0.87)
 3.05 
SSMAX  0.76  0.04  0.04  0.17  0.81 
(0.87)
 2.17 
(1.53)
 5.82 
TFCAX  0.03  0.00  0.00  0.25  0.00 
 0.00 
 0.10 
 0.00 
 0.30 
TFCYX  0.03  0.00  0.00  0.61  0.00 
 0.00 
 0.10 
 0.00 
 0.30 

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