Changing Parameters Correlations

Mutual Funds . USA . 
Fund . Changing Parameters Fund
CPMPX Fund  USD 10.67  0.01  0.09%   
The current 90-days correlation between Changing Parameters and Siit High Yield is 0.25 (i.e., Modest diversification). The correlation of Changing Parameters 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.

Changing Parameters Correlation With Market

Good diversification

The correlation between Changing Parameters Fund and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Changing Parameters Fund 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 Changing Parameters Fund. 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 american community survey.

Moving together with Changing Mutual Fund

  0.96VWEAX Vanguard High YieldPairCorr
  0.97VWEHX Vanguard High YieldPairCorr
  0.97BHYCX Blackrock Hi YldPairCorr
  0.96BHYIX Blackrock High YieldPairCorr
  0.97BHYSX Blackrock Hi YldPairCorr
  0.97BHYAX Blackrock High YieldPairCorr
  0.95FAHHX American Funds AmericanPairCorr
  0.95FTAHX American Funds AmericanPairCorr
  0.96AHTFX American High IncomePairCorr
  0.95AHTCX American High IncomePairCorr
  0.69PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.68PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.7FGPMX Franklin Gold AndPairCorr
  0.68FRGOX Franklin Gold PreciousPairCorr
  0.68FKRCX Franklin Gold PreciousPairCorr
  0.98EGRSX Eaton Vance GlobalPairCorr
  0.95VQNPX Vanguard Growth AndPairCorr
  0.97KAGIX Kensington Dynamic GrowthPairCorr
  0.94BMCIX Blackrock High EquityPairCorr
  0.96BNDAX Total Return BondPairCorr
  0.95VFIAX Vanguard 500 IndexPairCorr
  0.89CIHCX Cullen International HighPairCorr
  0.95DXRLX Direxion Monthly SmallPairCorr
  0.96SMAVX Ultra Short TermPairCorr
  0.94LGLSX L Abbett GrowthPairCorr
  0.93OOSIX Oppenheimer SeniorPairCorr
  0.91JMGZX Jpmorgan Mid CapPairCorr
  0.95VGIAX Vanguard Growth AndPairCorr
  0.84DLCMX Doubleline StrategicPairCorr
  0.95PTTEX Putnam Global TechnologyPairCorr
  0.94LBLAX Thrivent Limited MaturityPairCorr
  0.94PCGRX Pioneer Mid CapPairCorr
  0.94MURQX Mutual Of AmericaPairCorr
  0.96PLDSX Pacific Funds ShortPairCorr
  0.88JGRRX Jag Large CapPairCorr
  0.85PEEAX Prudential Jennison MidPairCorr
  0.96CHYYX Columbia High YieldPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Changing Mutual Fund performing well and Changing Parameters 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 Changing Parameters' 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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