Congress Large Correlations

Mutual Funds . USA . 
Fund . Congress Large Cap
CMLIX Fund  USD 50.01  0.05  0.10%   
The current 90-days correlation between Congress Large Cap and T Rowe Price is 0.04 (i.e., Significant diversification). The correlation of Congress Large 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.

Congress Large Correlation With Market

Good diversification

The correlation between Congress Large Cap and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congress Large Cap 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 Congress Large Cap. 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 gross domestic product.

Moving together with Congress Mutual Fund

  0.96IMIDX Congress Mid CapPairCorr
  0.95CMIDX Congress Mid CapPairCorr
  1.0CAMLX Congress Large CapPairCorr
  0.99CSMCX Century Small CapPairCorr
  0.64CSMVX Century Small CapPairCorr
  0.99FAFGX American FundsPairCorr
  0.99FFAFX American FundsPairCorr
  0.99GFACX Growth FundPairCorr
  0.99GFAFX Growth FundPairCorr
  0.99AGTHX Growth FundPairCorr
  0.99CGFFX Growth FundPairCorr
  0.99CGFCX Growth FundPairCorr
  0.99CGFAX Growth FundPairCorr
  0.99CGFEX Growth FundPairCorr
  0.99RGAEX Growth FundPairCorr
  0.65PDI Pimco Dynamic IncomePairCorr
  0.91FTCAX Templeton Strained BondPairCorr
  0.97OBMCX Oberweis Micro CapPairCorr
  0.93PDARX Diversified Real AssetPairCorr
  0.98DILCX Davis InternationalPairCorr
  0.99JTRBX Jpmorgan SmartretirementPairCorr
  0.68FPHAX Pharmaceuticals PortfolioPairCorr
  0.84MLXIX Catalyst Mlp InfrastPairCorr
  0.98MSEGX Growth Portfolio Class Steady GrowthPairCorr
  0.65CBLSX Cb Large CapPairCorr
  0.86NWHZX Nationwide Geneva SmallPairCorr
  0.66SITEX Sit Emerging MarketsPairCorr
  0.94PSHAX Short Term FundPairCorr
  0.99SWEGX Schwab Markettrack AllPairCorr
  0.99GGCCX Gabelli GrowthPairCorr
  0.97FFFCX Fidelity Freedom 2010PairCorr

Moving against Congress Mutual Fund

  0.79TCTGX Transamerica CleartrackPairCorr
  0.79TDKTX Cleartrack 2015 ClassPairCorr
  0.79TCTJX Transamerica CleartrackPairCorr
  0.75TCSUX Cleartrack 2020 ClassPairCorr
  0.74UIPIX Ultrashort Mid CapPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Congress Mutual Fund performing well and Congress Large 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 Congress Large'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.

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