Crow Point Correlations

CGHIX Fund  USD 10.67  0.03  0.28%   
The current 90-days correlation between Crow Point Defined and The Hartford Inflation is 0.19 (i.e., Average diversification). The correlation of Crow Point 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.

Crow Point Correlation With Market

Very poor diversification

The correlation between Crow Point Defined and DJI is 0.81 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crow Point Defined 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 Crow Point Defined. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Crow Mutual Fund

  0.84PAALX All Asset FundPairCorr
  0.69PATRX Pimco All AssetPairCorr
  0.69PAAIX All Asset FundPairCorr
  0.84PALPX Pimco All AssetPairCorr
  0.84PASAX All Asset FundPairCorr
  0.84PASCX All Asset FundPairCorr
  0.84PAANX Pimco All AssetPairCorr
  0.71PAUPX Pimco All AssetPairCorr
  0.81PAUIX Pimco All AssetPairCorr
  0.9WARRX Wells Fargo AdvantagePairCorr
  0.76XDSMX Dreyfus StrategicPairCorr
  0.62CIF Mfs Intermediate HighPairCorr
  0.79XNXJX Nuveen New JerseyPairCorr
  0.79NXJ Nuveen New JerseyPairCorr
  0.82XNBHX Neuberger Berman IntPairCorr
  0.76LSBDX Loomis Sayles BondPairCorr
  0.89CMTKX Future Scholar 529PairCorr
  0.7FBKWX Fidelity Total BondPairCorr
  0.67GDIIX Rnc Genter DividendPairCorr
  0.78MBMDX Mfs Maryland MunicipalPairCorr
  0.64OIBIX Oppenheimer IntlPairCorr
  0.71TRMCX T Rowe PricePairCorr
  0.8LGOPX Lord Abbett GrowthPairCorr
  0.68ORSTX Oppenheimer Rchstr ShrtPairCorr
  0.77WHYIX Wells Fargo AdvantagePairCorr
  0.76RFBAX Davis Government BondPairCorr
  0.84FRQAX Fidelity Income ReplPairCorr
  0.66MJFOX Matthews JapanPairCorr
  0.8GGGIX Gamco Global GrowthPairCorr
  0.92JRTTX Retirement Living ThroughPairCorr
  0.72SECAX Siit Small CapPairCorr
  0.61DBLTX Doubleline Total ReturnPairCorr
  0.69GMMRX Nationwide InvestorPairCorr
  0.78EPGFX Europac GoldPairCorr
  0.86FWCGX American Funds CapitalPairCorr
  0.84TDMRX Templeton DevelopingPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Crow Mutual Fund performing well and Crow Point 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 Crow Point'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.