Fairholme Fund Correlations

FAIRX Fund

USD 29.52 0.60 2.07%

The current 90-days correlation between Fairholme Fund and Blackrock High Income is 0.72 (i.e., Poor diversification). The correlation of Fairholme Fund 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.

Fairholme Fund Correlation With Market

Significant diversification

The correlation between The Fairholme Fund and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Fairholme Fund 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 The Fairholme 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 metropolitan statistical area.

Moving together with Fairholme Mutual Fund

0.9	WRHIX	Ivy High Income	Pair Corr
0.9	WHIAX	Ivy High Income	Pair Corr
0.89	IHIFX	Ivy High Income	Pair Corr
0.88	IVHIX	Ivy High Income	Pair Corr
0.83	PFE	Pfizer Inc	Pair Corr
0.78	CVX	Chevron Corp	Pair Corr
0.79	HPQ	HP Inc	Pair Corr
0.87	DIS	Walt Disney Earnings Call Tomorrow	Pair Corr
0.89	DD	Dupont De Nemours	Pair Corr
0.86	AA	Alcoa Corp Earnings Call This Week	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.78	CAT	Caterpillar	Pair Corr
0.67	AXP	American Express	Pair Corr
0.76	IBM	International Business	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr
0.88	CSCO	Cisco Systems	Pair Corr

Moving against Fairholme Mutual Fund

0.53	GCEBX	Goldman Sachs Clean	Pair Corr
0.53	GCEPX	Goldman Sachs Clean	Pair Corr
0.53	GCEDX	Goldman Sachs Clean	Pair Corr
0.53	GCEEX	Goldman Sachs Clean	Pair Corr
0.53	GCEJX	Goldman Sachs Clean	Pair Corr
0.52	GCEGX	Goldman Sachs Clean	Pair Corr
0.36	MCD	McDonalds	Pair Corr

Related Correlations Analysis

	BDHIX	PARKX	ABTYX	PARJX	PBHAX	GHVIX
BDHIX		0.98	0.69	0.98	0.87	0.88	BDHIX
PARKX	0.98		0.63	1.0	0.87	0.9	PARKX
ABTYX	0.69	0.63		0.64	0.83	0.64	ABTYX
PARJX	0.98	1.0	0.64		0.89	0.92	PARJX
PBHAX	0.87	0.87	0.83	0.89		0.94	PBHAX
GHVIX	0.88	0.9	0.64	0.92	0.94		GHVIX
	BDHIX	PARKX	ABTYX	PARJX	PBHAX	GHVIX

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Risk-Adjusted Indicators

There is a big difference between Fairholme Mutual Fund performing well and Fairholme Fund 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 Fairholme Fund'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
BDHIX	0.58	(0.02)	0.00	(1.47)	0.00	0.00	0.97	(1.10)	5.27
PARKX	0.82	(0.01)	0.00	1.25	0.00	0.00	1.54	(1.78)	8.13
ABTYX	0.49	0.00	0.00	(0.12)	0.00	0.00	0.98	(1.69)	4.90
PARJX	0.59	(0.01)	0.10	(4.62)	0.96	(0.54)	1.01	(1.20)	5.61
PBHAX	0.21	(0.01)	0.00	(0.22)	0.00	0.00	0.42	(0.43)	1.69
GHVIX	0.27	0.00	0.23	(0.16)	0.42	(0.28)	0.48	(0.91)	2.72

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