Curasset Capital Correlations

CMBEX Fund

USD 8.86 0.02 0.23%

The current 90-days correlation between Curasset Capital Man and Calvert Large Cap is 0.7 (i.e., Poor diversification). The correlation of Curasset Capital 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.

Curasset Capital Correlation With Market

Good diversification

The correlation between Curasset Capital Management and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Curasset Capital Management 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 Curasset Capital Management. 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 income.

Moving together with Curasset Mutual Fund

0.9	CMIFX	Calvert Large Cap	Pair Corr
1.0	VBTLX	Vanguard Total Bond	Pair Corr
1.0	VBMFX	Vanguard Total Bond	Pair Corr
1.0	VBTIX	Vanguard Total Bond	Pair Corr
0.99	VTBSX	Vanguard Total Bond	Pair Corr
0.99	VTBIX	Vanguard Total Bond	Pair Corr
0.99	VTBNX	Vanguard Total Bond	Pair Corr
1.0	FBOFX	American Funds	Pair Corr
1.0	FFBOX	American Funds	Pair Corr
1.0	BFAFX	Bond Fund	Pair Corr
1.0	ABNDX	Bond Fund	Pair Corr
0.98	FODVX	Oklahoma College Savings	Pair Corr
0.85	PTSHX	Short Term Fund	Pair Corr
1.0	SCPWX	Carillon Reams Core	Pair Corr
0.95	ABAYX	Abayx	Pair Corr
0.88	RUSIX	Rbc Ultra Short	Pair Corr
0.98	LSSAX	Loomis Sayles Securitized	Pair Corr
0.97	TGRKX	Tiaa Cref Green	Pair Corr
0.98	WAPIX	Western Asset E	Pair Corr
0.78	GPICX	Guidepath Conservative	Pair Corr
0.62	VCRQX	Mainstay Cbre Global	Pair Corr
0.94	VBIPX	Vanguard Short Term	Pair Corr
0.98	FADZX	Fadzx	Pair Corr
0.99	NOCBX	Northern E Bond	Pair Corr
0.99	MXDQX	Great West Government	Pair Corr
0.62	ANDNX	Aqr International	Pair Corr
0.95	MSTBX	Morningstar Defensive	Pair Corr
0.9	FBNTX	Fidelity Short Term	Pair Corr

Moving against Curasset Mutual Fund

0.47	KNPAX	Kinetics Paradigm	Pair Corr
0.46	KNPYX	Kinetics Paradigm	Pair Corr
0.46	WWNPX	Kinetics Paradigm	Pair Corr
0.37	LSHUX	Horizon Spin Off	Pair Corr
0.37	LSHEX	Kinetics Spin Off	Pair Corr
0.37	LSHAX	Horizon Spin Off	Pair Corr
0.47	KNPCX	Kinetics Paradigm	Pair Corr

Related Correlations Analysis

	CMBEX	CMIFX	ANVRX	FXIRX	HIPIX	EEA	ATMCX	HRSTX	FIVLX	PFORX
CMBEX		0.9	0.64	0.96	0.96	0.63	0.83	0.81	0.67	0.27	CMBEX
CMIFX	0.9		0.54	0.83	0.91	0.51	0.62	0.94	0.62	0.14	CMIFX
ANVRX	0.64	0.54		0.6	0.63	0.96	0.79	0.64	0.97	-0.12	ANVRX
FXIRX	0.96	0.83	0.6		0.97	0.63	0.88	0.73	0.63	0.39	FXIRX
HIPIX	0.96	0.91	0.63	0.97		0.63	0.83	0.85	0.68	0.29	HIPIX
EEA	0.63	0.51	0.96	0.63	0.63		0.82	0.58	0.94	0.05	EEA
ATMCX	0.83	0.62	0.79	0.88	0.83	0.82		0.6	0.76	0.35	ATMCX
HRSTX	0.81	0.94	0.64	0.73	0.85	0.58	0.6		0.73	0.03	HRSTX
FIVLX	0.67	0.62	0.97	0.63	0.68	0.94	0.76	0.73		-0.12	FIVLX
PFORX	0.27	0.14	-0.12	0.39	0.29	0.05	0.35	0.03	-0.12		PFORX
	CMBEX	CMIFX	ANVRX	FXIRX	HIPIX	EEA	ATMCX	HRSTX	FIVLX	PFORX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FIVLX	+ 0.97	ANVRX
HIPIX	+ 0.97	FXIRX
FXIRX	+ 0.96	CMBEX
HIPIX	+ 0.96	CMBEX
EEA	+ 0.96	ANVRX
HRSTX	+ 0.94	CMIFX

High negative correlations

PFORX	- 0.12	FIVLX
PFORX	- 0.12	ANVRX

Risk-Adjusted Indicators

There is a big difference between Curasset Mutual Fund performing well and Curasset Capital 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 Curasset Capital'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
CMBEX	0.25	0.03	0.43	(1.66)	0.22	(0.30)	0.57	(0.45)	1.70
CMIFX	0.09	0.01	0.86	(0.47)	0.00	(0.15)	0.21	(0.20)	0.62
ANVRX	1.05	0.25	0.17	0.22	1.42	(1.08)	2.11	(1.81)	8.82
FXIRX	0.41	0.06	0.27	1.02	0.54	(0.44)	0.84	(0.74)	3.09
HIPIX	0.21	0.04	0.45	2.50	0.17	(0.26)	0.48	(0.48)	1.53
EEA	0.95	0.25	0.16	0.24	1.52	(0.90)	1.71	(1.93)	7.55
ATMCX	0.11	0.01	0.56	0.50	0.03	(0.16)	0.38	(0.28)	1.04
HRSTX	0.04	0.00	1.28	0.49	0.00	(0.08)	0.12	(0.06)	0.30
FIVLX	1.01	0.29	0.16	0.22	1.49	(1.04)	2.01	(2.12)	10.06
PFORX	0.18	0.01	0.42	(1.16)	0.19	(0.20)	0.41	(0.41)	1.62

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