Changing Parameters Correlations
CPMPX Fund | USD 10.67 0.01 0.09% |
The current 90-days correlation between Changing Parameters and Jpmorgan Diversified Fund is 0.61 (i.e., Poor 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 -0.15 (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.
Changing |
Moving together with Changing Mutual Fund
0.96 | VWEAX | Vanguard High Yield | PairCorr |
0.97 | VWEHX | Vanguard High Yield | PairCorr |
0.97 | BHYCX | Blackrock Hi Yld | PairCorr |
0.97 | BHYIX | Blackrock High Yield | PairCorr |
0.97 | BHYSX | Blackrock Hi Yld | PairCorr |
0.97 | BHYAX | Blackrock High Yield | PairCorr |
0.96 | FAHHX | American Funds American | PairCorr |
0.96 | FTAHX | American Funds American | PairCorr |
0.96 | AHTFX | American High Income | PairCorr |
0.96 | AHTCX | American High Income | PairCorr |
0.72 | PMPIX | Precious Metals Ultr Steady Growth | PairCorr |
0.71 | PMPSX | Precious Metals Ultr Steady Growth | PairCorr |
0.71 | FGPMX | Franklin Gold And | PairCorr |
0.69 | FRGOX | Franklin Gold Precious | PairCorr |
0.69 | FKRCX | Franklin Gold Precious | PairCorr |
0.98 | EGRSX | Eaton Vance Global | PairCorr |
0.96 | VQNPX | Vanguard Growth And | PairCorr |
0.97 | KAGIX | Kensington Dynamic Growth | PairCorr |
0.95 | BMCIX | Blackrock High Equity | PairCorr |
0.97 | BNDAX | Total Return Bond | PairCorr |
0.96 | VFIAX | Vanguard 500 Index | PairCorr |
0.9 | CIHCX | Cullen International High | PairCorr |
0.95 | DXRLX | Direxion Monthly Small | PairCorr |
0.96 | SMAVX | Ultra Short Term | PairCorr |
0.95 | LGLSX | L Abbett Growth | PairCorr |
0.94 | OOSIX | Oppenheimer Senior | PairCorr |
0.93 | JMGZX | Jpmorgan Mid Cap | PairCorr |
0.96 | VGIAX | Vanguard Growth And | PairCorr |
0.83 | DLCMX | Doubleline Strategic | PairCorr |
0.95 | PTTEX | Putnam Global Technology | PairCorr |
0.94 | LBLAX | Thrivent Limited Maturity | PairCorr |
0.95 | PCGRX | Pioneer Mid Cap | PairCorr |
0.95 | MURQX | Mutual Of America | PairCorr |
0.96 | PLDSX | Pacific Funds Short | PairCorr |
0.9 | JGRRX | Jag Large Cap | PairCorr |
0.86 | PEEAX | Prudential Jennison Mid | PairCorr |
0.97 | CHYYX | Columbia High Yield | PairCorr |
Related Correlations Analysis
0.97 | 0.98 | 0.98 | 0.98 | 0.99 | JPDVX | ||
0.97 | 0.95 | 0.97 | 0.97 | 0.97 | HIIDX | ||
0.98 | 0.95 | 0.96 | 0.96 | 0.98 | USCAX | ||
0.98 | 0.97 | 0.96 | 0.94 | 0.98 | DDFIX | ||
0.98 | 0.97 | 0.96 | 0.94 | 0.97 | OIDAX | ||
0.99 | 0.97 | 0.98 | 0.98 | 0.97 | XACVX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
JPDVX | 0.37 | 0.19 | (0.03) | (4.49) | 0.00 | 1.34 | 2.51 | |||
HIIDX | 0.49 | 0.10 | 0.01 | 0.37 | 0.25 | 1.21 | 3.13 | |||
USCAX | 0.92 | 0.32 | 0.09 | (2.16) | 0.77 | 2.30 | 6.43 | |||
DDFIX | 0.48 | 0.04 | (0.01) | 0.25 | 0.22 | 1.23 | 3.50 | |||
OIDAX | 0.50 | 0.20 | (0.02) | (3.14) | 0.31 | 1.53 | 3.44 | |||
XACVX | 0.56 | 0.29 | 0.14 | 9.99 | 0.00 | 1.55 | 3.71 |