Catholic Responsible Correlations

CMPSX Fund

USD 11.52 0.02 0.17%

The current 90-days correlation between Catholic Responsible and Mesirow Financial Small is 0.83 (i.e., Very poor diversification). 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 0.86 (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 main economic indicators.

Moving together with Catholic Mutual Fund

1.0	CMMVX	Catholic Responsible	Pair Corr
1.0	CMMSX	Catholic Responsible	Pair Corr
1.0	CMNVX	Catholic Responsible	Pair Corr
1.0	CMNSX	Catholic Responsible	Pair Corr
1.0	CMPVX	Catholic Responsible	Pair Corr
1.0	CMUVX	Catholic Responsible	Pair Corr
1.0	CMUSX	Catholic Responsible	Pair Corr
0.9	CRBVX	Catholic Responsible	Pair Corr
0.9	CRBSX	Catholic Responsible	Pair Corr
0.91	CRDSX	Catholic Responsible	Pair Corr
0.94	CRHSX	Catholic Rspnsbl Invst	Pair Corr
0.93	CRLVX	Catholic Responsible	Pair Corr
0.78	CRNSX	Catholic Responsible	Pair Corr
0.91	CROVX	Catholic Responsible	Pair Corr
0.91	CROSX	Catholic Responsible	Pair Corr
0.99	CRQSX	Catholic Responsible	Pair Corr
0.88	CRSSX	Catholic Responsible	Pair Corr
0.98	CRTVX	Catholic Responsible	Pair Corr
0.98	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
0.98	RLBBX	American Balanced	Pair Corr
0.98	CLBAX	American Balanced	Pair Corr
0.98	CLBEX	American Balanced	Pair Corr
0.98	RLBFX	American Balanced	Pair Corr
0.74	MGGYX	Mirova Global Green	Pair Corr
0.95	HLDIX	Hartford Emerging	Pair Corr
0.94	HLDRX	Hartford Emerging	Pair Corr
0.95	HLDAX	Hartford Emerging	Pair Corr
0.94	HLDCX	Hartford Emerging	Pair Corr
0.95	HLDTX	Hartford Emerging	Pair Corr

Related Correlations Analysis

	MSVIX	IAAEX	VFAIX	MCBXX	GCFSX	DVFYX
MSVIX		0.86	0.84	0.0	0.89	0.92	MSVIX
IAAEX	0.86		0.85	0.0	0.82	0.84	IAAEX
VFAIX	0.84	0.85		0.0	0.82	0.96	VFAIX
MCBXX	0.0	0.0	0.0		0.0	0.0	MCBXX
GCFSX	0.89	0.82	0.82	0.0		0.91	GCFSX
DVFYX	0.92	0.84	0.96	0.0	0.91		DVFYX
	MSVIX	IAAEX	VFAIX	MCBXX	GCFSX	DVFYX

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

DVFYX	+ 0.96	VFAIX
DVFYX	+ 0.92	MSVIX
DVFYX	+ 0.91	GCFSX
GCFSX	+ 0.89	MSVIX
IAAEX	+ 0.86	MSVIX
VFAIX	+ 0.85	IAAEX

High negative correlations

DVFYX	- 0.0	MCBXX
GCFSX	- 0.0	MCBXX
MCBXX	- 0.0	VFAIX
MCBXX	- 0.0	IAAEX
MCBXX	- 0.0	MSVIX

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
MSVIX	0.78	(0.02)	0.00	0.04	0.86	(0.92)	1.87	(1.20)	6.50
IAAEX	0.67	(0.05)	(0.06)	0.00	0.69	(0.86)	1.82	(0.98)	4.64
VFAIX	0.63	(0.07)	0.00	(0.02)	0.00	0.00	1.31	(1.71)	4.92
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GCFSX	0.57	(0.01)	(0.01)	0.04	0.59	(0.64)	1.37	(0.96)	4.17
DVFYX	0.61	(0.04)	(0.04)	0.01	0.82	(0.68)	1.33	(1.37)	4.79

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