Fa529 Eq Correlations

FEIPX Fund

USD 42.75 0.25 0.58%

The current 90-days correlation between Fa529 Eq In and Maryland Short Term Tax Free is 0.08 (i.e., Significant diversification). The correlation of Fa529 Eq 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.

Fa529 Eq Correlation With Market

Very poor diversification

The correlation between Fa529 Eq In and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fa529 Eq In 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 Fa529 Eq In. 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 Fa529 Mutual Fund

0.81	VTSAX	Vanguard Total Stock	Pair Corr
0.81	VFIAX	Vanguard 500 Index	Pair Corr
0.81	VTSMX	Vanguard Total Stock	Pair Corr
0.81	VITSX	Vanguard Total Stock	Pair Corr
0.81	VSTSX	Vanguard Total Stock	Pair Corr
0.81	VSMPX	Vanguard Total Stock	Pair Corr
0.81	VFINX	Vanguard 500 Index	Pair Corr
0.81	VFFSX	Vanguard 500 Index	Pair Corr
0.83	VGTSX	Vanguard Total Inter	Pair Corr
0.83	VTIAX	Vanguard Total Inter	Pair Corr
0.68	GAAKX	Gmo Alternative Allo	Pair Corr
0.65	GAAGX	Gmo Alternative Allo	Pair Corr
0.7	GPBFX	Gmo E Plus	Pair Corr
0.73	GPMFX	Guidepath Managed Futures	Pair Corr
0.86	PQTAX	Pimco Trends Managed	Pair Corr
0.88	PQTNX	Pimco Trends Managed	Pair Corr
0.88	PQTIX	Aa Pimco Tr	Pair Corr
0.85	MCLOX	Blackrock Gbl Alloc	Pair Corr
0.65	MMM	3M Company	Pair Corr
0.86	AA	Alcoa Corp	Pair Corr
0.88	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.78	CVX	Chevron Corp	Pair Corr
0.82	AXP	American Express	Pair Corr
0.86	MRK	Merck Company Aggressive Push	Pair Corr
0.72	MSFT	Microsoft	Pair Corr
0.77	CAT	Caterpillar	Pair Corr

Moving against Fa529 Mutual Fund

0.56	TRV	The Travelers Companies	Pair Corr
0.48	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	PRMDX	ASDIX	DMBAX	LCCMX
PRMDX		0.97	0.99	0.97	PRMDX
ASDIX	0.97		0.98	0.95	ASDIX
DMBAX	0.99	0.98		0.98	DMBAX
LCCMX	0.97	0.95	0.98		LCCMX
	PRMDX	ASDIX	DMBAX	LCCMX

Risk-Adjusted Indicators

There is a big difference between Fa529 Mutual Fund performing well and Fa529 Eq 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 Fa529 Eq'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PRMDX	0.05	0.02	0.00	1.24	0.00	0.20	0.00	0.39
ASDIX	0.07	0.02	(0.47)	0.60	(0.12)	0.20	(0.10)	0.40
DMBAX	0.05	0.02	0.00	3.58	0.00	0.16	(0.08)	0.31
LCCMX	0.11	0.06	(0.19)	(1.99)	(0.23)	0.51	(0.12)	1.00

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