Fa 529 Correlations

FFCGX Fund

USD 46.50 0.21 0.45%

The current 90-days correlation between Fa 529 Aggressive and Bmo Large Cap Growth is -0.3 (i.e., Very good diversification). The correlation of Fa 529 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.

Fa 529 Correlation With Market

Very poor diversification

The correlation between Fa 529 Aggressive and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fa 529 Aggressive 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 Fa 529 Aggressive. 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 rate.

Moving together with FFCGX Mutual Fund

0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.91	VFIAX	Vanguard 500 Index	Pair Corr
0.91	VTSMX	Vanguard Total Stock	Pair Corr
0.91	VITSX	Vanguard Total Stock	Pair Corr
0.8	VSTSX	Vanguard Total Stock	Pair Corr
0.8	VSMPX	Vanguard Total Stock	Pair Corr
0.91	VFINX	Vanguard 500 Index	Pair Corr
0.79	VFFSX	Vanguard 500 Index	Pair Corr
0.9	VGTSX	Vanguard Total Inter	Pair Corr
0.99	VTIAX	Vanguard Total Inter	Pair Corr
0.83	VTISX	Vanguard Total Inter	Pair Corr
0.9	VTSNX	Vanguard Total Inter	Pair Corr
0.9	VTPSX	Vanguard Total Inter	Pair Corr
0.91	VINIX	Vanguard Institutional	Pair Corr
0.83	POSKX	Primecap Odyssey Stock	Pair Corr
0.82	PVFAX	Paradigm Value	Pair Corr
0.84	RYATX	Nasdaq 100 Fund	Pair Corr
0.91	FAUTX	American Funds 2040	Pair Corr
0.71	DOXIX	Dodge Cox Income	Pair Corr
0.81	GVIYX	Guidestone Value Equity	Pair Corr
0.68	CSFAX	Cohen Steers Global	Pair Corr
0.67	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.72	IBM	International Business	Pair Corr
0.82	BAC	Bank of America	Pair Corr
0.64	WMT	Walmart	Pair Corr
0.83	AA	Alcoa Corp	Pair Corr
0.88	GE	GE Aerospace	Pair Corr
0.82	DD	Dupont De Nemours	Pair Corr

Moving against FFCGX Mutual Fund

0.66	DIS	Walt Disney	Pair Corr
0.64	BA	Boeing Earnings Call This Week	Pair Corr
0.57	KO	Coca Cola Aggressive Push	Pair Corr
0.32	VZ	Verizon Communications Earnings Call This Week	Pair Corr
0.31	PG	Procter Gamble Earnings Call Tomorrow	Pair Corr

Related Correlations Analysis

	BALGX	AMONX	LCIAX	LTFOX	LGPIX	JDVNX	NEAMX	DLCIX
BALGX		0.99	0.98	0.95	0.99	0.91	0.96	0.91	BALGX
AMONX	0.99		0.98	0.97	0.98	0.92	0.96	0.9	AMONX
LCIAX	0.98	0.98		0.98	0.98	0.94	0.99	0.94	LCIAX
LTFOX	0.95	0.97	0.98		0.95	0.94	0.97	0.92	LTFOX
LGPIX	0.99	0.98	0.98	0.95		0.91	0.97	0.92	LGPIX
JDVNX	0.91	0.92	0.94	0.94	0.91		0.96	0.97	JDVNX
NEAMX	0.96	0.96	0.99	0.97	0.97	0.96		0.95	NEAMX
DLCIX	0.91	0.9	0.94	0.92	0.92	0.97	0.95		DLCIX
	BALGX	AMONX	LCIAX	LTFOX	LGPIX	JDVNX	NEAMX	DLCIX

Risk-Adjusted Indicators

There is a big difference between FFCGX Mutual Fund performing well and Fa 529 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 Fa 529'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
BALGX	0.65	0.11	0.03	(0.31)	0.81	(0.70)	1.50	(1.03)	5.10
AMONX	0.51	0.09	0.02	(0.29)	0.58	(0.60)	1.16	(0.87)	4.43
LCIAX	0.49	0.11	0.05	(0.42)	0.56	(0.53)	1.19	(0.65)	4.31
LTFOX	0.41	0.09	0.03	(0.54)	0.46	(0.45)	0.98	(0.53)	3.15
LGPIX	0.63	0.12	0.05	(0.37)	0.80	(0.66)	1.18	(1.18)	5.00
JDVNX	0.49	0.02	0.01	0.08	0.55	(0.54)	1.39	(0.77)	3.80
NEAMX	0.39	0.10	0.04	(0.52)	0.47	(0.41)	1.06	(0.62)	3.64
DLCIX	0.54	0.02	0.03	0.09	0.63	(0.59)	1.41	(0.85)	4.04

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