Forum Funds Correlations

Mutual Funds . USA . 
Fund . Forum Funds
FLXIX Fund  USD 10.73  0.01  0.09%   
The current 90-days correlation between Forum Funds and Highland Longshort Healthcare is 0.64 (i.e., Poor diversification). The correlation of Forum Funds 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.

Forum Funds Correlation With Market

Poor diversification

The correlation between Forum Funds and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forum Funds 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 Forum Funds . 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 gross domestic product.

Moving together with Forum Mutual Fund

  0.72FCSZX Franklin VertiblePairCorr
  0.72FCSKX Franklin VertiblePairCorr
  0.72FISCX Franklin ConvertiblePairCorr
  0.72FROTX Franklin ConvertiblePairCorr
  0.68ANZCX Allianzgi ConvertiblePairCorr
  0.68ANNPX Allianzgi ConvertiblePairCorr
  0.99VAADX Virtus ConvertiblePairCorr
  0.7FCVSX Fidelity VertiblePairCorr
  0.95GGDPX Goldman Sachs InternPairCorr
  0.74BTEKX Blackrock TechnologyPairCorr
  0.74JANBX Janus BalancedPairCorr
  0.97GIMFX Gmo ImplementationPairCorr
  0.73TIHWX Tiaa-cref High-yieldPairCorr
  0.72JHQDX Jpmorgan Hedged EquityPairCorr
  0.85BARIX Baron Asset FundPairCorr
  0.72HRLTX Hartford GlobalPairCorr
  0.97LIGFX Lord Abbett DiversifiedPairCorr
  0.66FRBSX Franklin Balance SheetPairCorr
  0.97BLUIX Blueprint Adaptive GrowthPairCorr
  0.97REQSX Us E EquityPairCorr
  0.9VQSRX Virtus Kar SmallPairCorr
  0.74NSVAX Columbia Small CapPairCorr
  0.81NGJCX Nuveen Global RealPairCorr
  0.95CLTCX Catalyst/lyons TacticalPairCorr
  0.64JCRIX Alps/corecommodityPairCorr
  0.73SPINX Siit Sp 500PairCorr
  0.65HISIX International EquityPairCorr
  0.67BRIXX Blackrock Funds IiiPairCorr
  0.97JHAPX John Hancock FundsPairCorr
  0.88CRIYX Columbia Porate IncomePairCorr
  0.94SJVAX Steward FundsPairCorr
  0.74CMARX Invesco ServativePairCorr
  0.97CLFFX Clifford Capital PartnersPairCorr
  0.75DGAGX Dreyfus AppreciationPairCorr

Moving against Forum Mutual Fund

  0.31MCSVX Mainstay VertiblePairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Forum Mutual Fund performing well and Forum Funds 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 Forum Funds' 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.

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