Evaluator Moderate Correlations

Mutual Funds . USA . 
Fund . Evaluator Moderate Rms
EVFMX Fund  USD 11.49  0.01  0.09%   
The current 90-days correlation between Evaluator Moderate Rms and Evaluator Aggressive Rms is 0.99 (i.e., No risk reduction). The correlation of Evaluator Moderate 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.

Evaluator Moderate Correlation With Market

Very poor diversification

The correlation between Evaluator Moderate Rms and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Moderate Rms and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Moderate Rms. 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 population.

Moving together with Evaluator Mutual Fund

  1.0EVAGX Evaluator Aggressive RmsPairCorr
  1.0EVFTX Evaluator TacticallyPairCorr
  1.0EVFGX Evaluator Aggressive RmsPairCorr
  1.0EVFCX Evaluator ConservativePairCorr
  0.99EVGRX Evaluator Growth RmsPairCorr
  1.0EVGLX Evaluator Growth RmsPairCorr
  0.99EVMLX Evaluator Moderate RmsPairCorr
  1.0EVTTX Evaluator TacticallyPairCorr
  0.97EVVLX Evaluator Very ConsePairCorr
  0.98EVVCX Evaluator Very ConsePairCorr
  0.99FBONX American Funds AmericanPairCorr
  0.99FBAFX American Funds AmericanPairCorr
  0.98ABALX American BalancedPairCorr
  0.98BALCX American BalancedPairCorr
  0.99BALFX American BalancedPairCorr
  0.99RLBCX American BalancedPairCorr
  0.99RLBBX American BalancedPairCorr
  0.99CLBAX American BalancedPairCorr
  0.99CLBEX American BalancedPairCorr
  0.99RLBFX American BalancedPairCorr
  0.98VTSAX Vanguard Total StockPairCorr
  1.0VFIAX Vanguard 500 IndexPairCorr
  0.98VTSMX Vanguard Total StockPairCorr
  0.98VSMPX Vanguard Total StockPairCorr
  0.98VSTSX Vanguard Total StockPairCorr
  1.0VITSX Vanguard Total StockPairCorr
  1.0VFINX Vanguard 500 IndexPairCorr
  0.98VFFSX Vanguard 500 IndexPairCorr
  0.98VGTSX Vanguard Total InterPairCorr
  0.98VTIAX Vanguard Total InterPairCorr
  0.98TAAIX Thrivent AggressivePairCorr
  0.66FMAQX Franklin MassachusettsPairCorr
  0.98ABSYX American Beacon SmallPairCorr
  0.98SRGAX Stringer GrowthPairCorr
  0.99FHYTX Federated High YieldPairCorr
  0.99DTGRX Dreyfus Technology GrowthPairCorr
  0.97FIRMX Fidelity Income ReplPairCorr
  0.99AMKIX Emerging MarketsPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Moderate 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 Evaluator Moderate'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EVAGX  0.54  0.13  0.12  0.31  0.30 
(0.67)
 1.73 
(1.19)
 3.97 
EVFTX  0.31  0.07 (0.01) 0.32  0.00 
(0.39)
 1.02 
(0.53)
 2.19 
EVFMX  0.40  0.10  0.06  0.31  0.15 
(0.50)
 1.29 
(0.88)
 2.95 
EVFGX  0.52  0.13  0.13  0.31  0.26 
(0.61)
 1.68 
(1.13)
 3.83 
EVFCX  0.24  0.06 (0.10) 0.33  0.00 
(0.31)
 0.71 
(0.40)
 1.75 
EVGRX  0.48  0.22  0.11 (2.35) 0.20 
(0.60)
 1.50 
(1.05)
 3.44 
EVGLX  0.48  0.11  0.09  0.31  0.23 
(0.59)
 1.51 
(1.06)
 3.55 
EVMLX  0.41  0.19  0.08 (2.32) 0.11 
(0.51)
 1.35 
(0.88)
 3.04 
EVTTX  0.31  0.07 (0.01) 0.31  0.00 
(0.40)
 1.05 
(0.55)
 2.38 
EVVLX  0.19  0.08 (0.18)(1.92) 0.00 
(0.26)
 0.44 
(0.31)
 1.31 

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