Fa 529 Correlations

FFCGX Fund

USD 45.17 0.12 0.26%

The current 90-days correlation between Fa 529 Aggressive and Virtus High Yield is -0.2 (i.e., 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 0.85 (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

0.97	VTSAX	Vanguard Total Stock	Pair Corr
0.97	VFIAX	Vanguard 500 Index	Pair Corr
0.97	VTSMX	Vanguard Total Stock	Pair Corr
0.97	VITSX	Vanguard Total Stock	Pair Corr
0.97	VSTSX	Vanguard Total Stock	Pair Corr
0.97	VSMPX	Vanguard Total Stock	Pair Corr
0.97	VFINX	Vanguard 500 Index	Pair Corr
0.97	VFFSX	Vanguard 500 Index	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.84	GAAKX	Gmo Alternative Allo	Pair Corr
0.82	GAAGX	Gmo Alternative Allo	Pair Corr
0.88	GPBFX	Gmo E Plus	Pair Corr
0.73	GPMFX	Guidepath Managed Futures	Pair Corr
0.92	PQTAX	Pimco Trends Managed	Pair Corr
0.96	PQTNX	Pimco Trends Managed	Pair Corr
0.96	PQTIX	Aa Pimco Tr	Pair Corr
0.69	WARCX	Wells Fargo Advantage	Pair Corr
0.96	MCLOX	Blackrock Gbl Alloc	Pair Corr
0.84	JNJ	Johnson Johnson	Pair Corr
0.79	AA	Alcoa Corp	Pair Corr
0.83	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.88	GE	GE Aerospace	Pair Corr
0.89	CVX	Chevron Corp	Pair Corr
0.79	MRK	Merck Company Aggressive Push	Pair Corr
0.94	MSFT	Microsoft	Pair Corr
0.93	CAT	Caterpillar	Pair Corr

Moving against FFCGX Mutual Fund

0.7	PG	Procter Gamble	Pair Corr
0.53	TRV	The Travelers Companies	Pair Corr
0.37	HPQ	HP Inc	Pair Corr
0.35	KO	Coca Cola	Pair Corr

Related Correlations Analysis

	VRHYX	AGDZX	NEAIX	MFHVX	ARTFX	AQRRX	TAHFX
VRHYX		1.0	0.97	0.98	0.99	0.91	1.0	VRHYX
AGDZX	1.0		0.96	0.98	0.99	0.91	1.0	AGDZX
NEAIX	0.97	0.96		0.98	0.96	0.91	0.97	NEAIX
MFHVX	0.98	0.98	0.98		0.97	0.94	0.98	MFHVX
ARTFX	0.99	0.99	0.96	0.97		0.91	0.99	ARTFX
AQRRX	0.91	0.91	0.91	0.94	0.91		0.91	AQRRX
TAHFX	1.0	1.0	0.97	0.98	0.99	0.91		TAHFX
	VRHYX	AGDZX	NEAIX	MFHVX	ARTFX	AQRRX	TAHFX

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
VRHYX	0.18	0.07	(0.06)	(0.88)	0.00	(0.37)	0.53	(0.27)	1.31
AGDZX	0.14	0.06	(0.12)	(1.34)	0.00	(0.25)	0.57	(0.15)	1.03
NEAIX	0.93	0.34	0.21	(0.91)	0.75	(1.06)	2.45	(2.10)	5.88
MFHVX	0.14	0.08	(0.01)	(1.33)	0.00	(0.20)	0.36	(0.24)	1.39
ARTFX	0.12	0.05	(0.27)	(0.85)	0.00	(0.23)	0.45	(0.11)	0.89
AQRRX	0.35	0.11	0.04	(1.14)	0.16	(0.40)	0.71	(0.54)	1.83
TAHFX	0.15	0.06	(0.14)	(1.90)	0.00	(0.25)	0.50	(0.13)	1.01

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