Fanisx Correlations

FANISX Fund

USD 629.26 0.82 0.13%

The current 90-days correlation between Fanisx and Franklin Real Estate is 0.18 (i.e., Average diversification). The correlation of Fanisx 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.

Fanisx Correlation With Market

Significant diversification

The correlation between Fanisx and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fanisx 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 Fanisx. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with Fanisx Fund

0.79	MRK	Merck Company Aggressive Push	Pair Corr
0.75	CVX	Chevron Corp	Pair Corr

Moving against Fanisx Fund

0.54	WMT	Walmart Aggressive Push	Pair Corr
0.32	BA	Boeing	Pair Corr

Related Correlations Analysis

	FREEX	DNREX	PAGEX	REPIX	JYEBX	SEIRX
FREEX		0.93	0.98	0.84	0.99	0.85	FREEX
DNREX	0.93		0.93	0.82	0.95	0.84	DNREX
PAGEX	0.98	0.93		0.84	0.97	0.86	PAGEX
REPIX	0.84	0.82	0.84		0.85	1.0	REPIX
JYEBX	0.99	0.95	0.97	0.85		0.86	JYEBX
SEIRX	0.85	0.84	0.86	1.0	0.86		SEIRX
	FREEX	DNREX	PAGEX	REPIX	JYEBX	SEIRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fanisx Fund performing well and Fanisx 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 Fanisx'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
FREEX	0.89	0.04	0.00	(0.27)	1.39	(0.90)	1.80	(2.52)	8.09
DNREX	1.08	0.06	0.01	(0.40)	1.81	(1.08)	2.01	(3.15)	10.43
PAGEX	0.85	0.05	0.01	(0.54)	1.37	(0.82)	1.43	(2.06)	7.70
REPIX	1.40	(0.04)	(0.01)	0.01	2.34	(1.30)	2.74	(3.70)	12.59
JYEBX	0.94	0.03	(0.01)	(0.27)	1.52	(0.95)	1.78	(2.63)	8.99
SEIRX	0.93	(0.03)	(0.02)	0.00	1.49	(0.91)	1.72	(2.54)	8.48

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC