Ffcdax Correlations

Funds . USA . 
Fund . Ffcdax
FFCDAX Fund   9.62  0.02  0.21%   
The current 90-days correlation between Ffcdax and Vanguard Total Stock is 0.78 (i.e., Poor diversification). The correlation of Ffcdax 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.

Ffcdax Correlation With Market

Good diversification

The correlation between Ffcdax and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ffcdax 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 Ffcdax. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Ffcdax Fund

  0.88VTSAX Vanguard Total StockPairCorr
  0.88VFIAX Vanguard 500 IndexPairCorr
  0.88VTSMX Vanguard Total StockPairCorr
  0.8VITSX Vanguard Total StockPairCorr
  0.88VSTSX Vanguard Total StockPairCorr
  0.88VSMPX Vanguard Total StockPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.88VFFSX Vanguard 500 IndexPairCorr
  0.68NHS Neuberger Berman HighPairCorr

Moving against Ffcdax Fund

  0.74PNDIX Pender Real EstatePairCorr
  0.7DFCFX Lwasdfa Two YearPairCorr
  0.6FGULX Federated GovernmentPairCorr
  0.45GCEJX Goldman Sachs CleanPairCorr
  0.4RMAGX American Funds MortgagePairCorr
  0.69EAIIX Eaton Vance DiversifiedPairCorr
  0.69AGYCX Global Gold FundPairCorr
  0.67MDSAX Integrity Short TermPairCorr
  0.65RMMGX Short Term BondPairCorr
  0.61AVSFX Avantis Short TermPairCorr
  0.58JIBDX Johnson InstitutionalPairCorr
  0.58PPVCX American Funds PresePairCorr
  0.57PLUAX Aristotle Funds SeriesPairCorr
  0.55RCWBX Capital World BondPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Ffcdax Fund performing well and Ffcdax 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 Ffcdax'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
VTSAX  1.23 (0.13) 0.00  1.29  0.00 
 0.00 
 2.07 
(2.77)
 13.08 
VFIAX  1.21 (0.12) 0.00  1.17  0.00 
 0.00 
 2.02 
(2.68)
 12.96 
VTSMX  1.23 (0.13) 0.00  1.29  0.00 
 0.00 
 2.08 
(2.77)
 13.08 
VITSX  1.24  0.05  0.00 (0.08) 0.00 
 0.00 
 2.07 
(2.77)
 13.08 
VSTSX  1.23 (0.13) 0.00  1.28  0.00 
 0.00 
 2.08 
(2.77)
 13.09 
VSMPX  1.23 (0.13) 0.00  1.28  0.00 
 0.00 
 2.08 
(2.77)
 13.09 
VFINX  1.21 (0.12) 0.00  1.18  0.00 
 0.00 
 2.02 
(2.68)
 12.96 
VFFSX  1.21 (0.12) 0.00  1.17  0.00 
 0.00 
 2.03 
(2.68)
 12.96 
VGTSX  0.86  0.07  0.12 (1.41) 1.39 
(0.81)
 1.70 
(2.04)
 8.16 
VTIAX  0.87  0.07  0.12 (1.33) 1.40 
(0.82)
 1.80 
(2.03)
 8.24 

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