Fam Small Correlations

FAMFX Fund

USD 23.27 0.03 0.13%

The current 90-days correlation between Fam Small Cap and Janus Global Technology is 0.26 (i.e., Modest diversification). The correlation of Fam Small 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.

Fam Small Correlation With Market

Poor diversification

The correlation between Fam Small Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fam Small Cap 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 Fam Small Cap. 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 price.

Moving together with Fam Mutual Fund

0.86	FAMDX	Fam Small Cap	Pair Corr
0.76	FAMWX	Fam Value Fund	Pair Corr
0.76	FAMVX	Fam Value Fund	Pair Corr

Moving against Fam Mutual Fund

0.46	JGMIX	Janus Triton	Pair Corr
0.44	JGMNX	Janus Triton	Pair Corr
0.44	VFIAX	Vanguard 500 Index	Pair Corr
0.44	VSTSX	Vanguard Total Stock	Pair Corr
0.43	JGMAX	Janus Triton	Pair Corr
0.42	JGMRX	Janus Triton	Pair Corr
0.42	JGMCX	Janus Triton	Pair Corr
0.37	VTSAX	Vanguard Total Stock	Pair Corr
0.37	VTSMX	Vanguard Total Stock	Pair Corr
0.37	VSMPX	Vanguard Total Stock	Pair Corr
0.94	QMNRX	Aqr Equity Market	Pair Corr
0.85	MWCRX	Metropolitan West	Pair Corr
0.7	RAPIX	Cohen Steers Real	Pair Corr
0.63	MFLDX	Marketfield Fund Mar	Pair Corr
0.62	NHMFX	Nuveen High Yield	Pair Corr
0.61	GSNIX	Goldman Sachs Bond	Pair Corr
0.57	SSUSX	State Street Equity	Pair Corr
0.56	FUMBX	Fidelity Short Term	Pair Corr
0.55	CMMCX	Calvert Mortgage Access	Pair Corr
0.51	VFFSX	Vanguard 500 Index	Pair Corr
0.45	HRNRX	Hood River New	Pair Corr
0.44	VFINX	Vanguard 500 Index	Pair Corr
0.41	SCPZX	Scout E Plus	Pair Corr
0.38	VGTSX	Vanguard Total Inter	Pair Corr
0.38	VTIAX	Vanguard Total Inter	Pair Corr
0.37	VITSX	Vanguard Total Stock	Pair Corr
0.34	SGICX	Summit Global Investments	Pair Corr
0.84	VGPMX	Vanguard Global Capital	Pair Corr
0.82	RMMBX	Aspiriant Risk Managed	Pair Corr

Related Correlations Analysis

	JNGTX	FIKHX	JGLTX	BIPIX	PGKCX
JNGTX		0.33	1.0	0.45	0.89	JNGTX
FIKHX	0.33		0.34	0.91	0.57	FIKHX
JGLTX	1.0	0.34		0.46	0.89	JGLTX
BIPIX	0.45	0.91	0.46		0.63	BIPIX
PGKCX	0.89	0.57	0.89	0.63		PGKCX
	JNGTX	FIKHX	JGLTX	BIPIX	PGKCX

Risk-Adjusted Indicators

There is a big difference between Fam Mutual Fund performing well and Fam Small 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 Fam Small'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
JNGTX	0.91	0.00	0.01	0.06	1.33	(0.85)	2.14	(2.29)	5.48
FIKHX	1.00	0.29	0.15	1.34	1.14	(1.19)	2.47	(2.15)	11.68
JGLTX	0.91	0.00	0.01	0.06	1.31	(0.87)	2.13	(2.26)	5.45
BIPIX	1.67	0.61	0.36	0.51	1.21	(1.95)	4.65	(2.55)	8.98
PGKCX	1.01	0.11	0.04	0.92	1.39	(0.98)	2.08	(2.65)	6.20

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