Catholic Responsible Correlations

CMMVX Fund

USD 11.98 0.08 0.67%

The correlation of Catholic Responsible 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 Responsible Correlation With Market

Very poor diversification

The correlation between Catholic Responsible Investmen and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Responsible Investmen 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 Responsible Investments. 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 housing.

Moving together with Catholic Mutual Fund

0.81	CMMSX	Catholic Responsible	Pair Corr
0.8	CMNSX	Catholic Responsible	Pair Corr
1.0	CMPSX	Catholic Responsible	Pair Corr
1.0	CMUSX	Catholic Responsible	Pair Corr
0.71	CRBVX	Catholic Responsible	Pair Corr
0.69	CRBSX	Catholic Responsible	Pair Corr
0.76	CRHSX	Catholic Rspnsbl Invst	Pair Corr
0.82	CRLVX	Catholic Responsible	Pair Corr
0.7	CROVX	Catholic Responsible	Pair Corr
0.7	CROSX	Catholic Responsible	Pair Corr
0.8	CRQSX	Catholic Responsible	Pair Corr
0.69	CRSSX	Catholic Responsible	Pair Corr
0.79	CRTSX	Catholic Responsible	Pair Corr
0.98	FBONX	American Funds American	Pair Corr
0.98	FBAFX	American Funds American	Pair Corr
0.98	ABALX	American Balanced	Pair Corr
0.98	BALCX	American Balanced	Pair Corr
0.98	BALFX	American Balanced	Pair Corr
0.98	RLBCX	American Balanced	Pair Corr
0.87	RLBBX	American Balanced	Pair Corr
0.98	CLBAX	American Balanced	Pair Corr
0.83	CLBEX	American Balanced	Pair Corr
0.87	RLBFX	American Balanced	Pair Corr
0.78	MGHRX	Morgan Stanley Insti	Pair Corr
0.79	MBIRX	Morgan Stanley Insight	Pair Corr
0.89	MGRPX	Growth Portfolio Class	Pair Corr
0.9	MCRTX	Morgan Stanley Multi	Pair Corr
0.93	ONERX	One Rock Fund Steady Growth	Pair Corr
0.89	MSGUX	Growth Portfolio Class	Pair Corr
0.9	MSCMX	Morgan Stanley Multi	Pair Corr
0.93	OEMAX	Ophmr Eml Dbt	Pair Corr
0.97	BDSKX	Blackrock Advantage Small	Pair Corr
0.92	VSMAX	Vanguard Small Cap	Pair Corr
0.99	VTCIX	Vanguard Tax Managed	Pair Corr
0.77	WILCX	Wasatch Large Cap	Pair Corr
0.9	TIODX	Transamerica Funds	Pair Corr
0.96	AUNTX	Ab Municipal Bond	Pair Corr
0.99	DSPIX	Dreyfus Institutional	Pair Corr

Related Correlations Analysis

	0P000070L2	PAELX	HUCXX	DSVXX	STSEX	JOFXX
0P000070L2		0.0	0.0	0.0	0.0	0.0	0P000070L2
PAELX	0.0		0.0	0.0	0.75	0.0	PAELX
HUCXX	0.0	0.0		0.0	0.0	0.0	HUCXX
DSVXX	0.0	0.0	0.0		0.0	0.0	DSVXX
STSEX	0.0	0.75	0.0	0.0		0.0	STSEX
JOFXX	0.0	0.0	0.0	0.0	0.0		JOFXX
	0P000070L2	PAELX	HUCXX	DSVXX	STSEX	JOFXX

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

STSEX	+ 0.75	PAELX
PAELX	+ 0.0	0P000070L2
HUCXX	+ 0.0	0P000070L2
DSVXX	+ 0.0	0P000070L2
STSEX	+ 0.0	0P000070L2
JOFXX	+ 0.0	0P000070L2

High negative correlations

JOFXX	- 0.0	STSEX
JOFXX	- 0.0	DSVXX
STSEX	- 0.0	DSVXX
JOFXX	- 0.0	HUCXX
STSEX	- 0.0	HUCXX
DSVXX	- 0.0	HUCXX

Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Responsible 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 Responsible'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
0P000070L2	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAELX	0.23	0.05	(0.08)	0.48	0.00	(0.32)	0.42	(0.40)	1.21
HUCXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DSVXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
STSEX	0.42	0.01	(0.03)	0.10	0.45	(0.46)	0.92	(0.90)	2.62
JOFXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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