Matson Money Correlations

Mutual Funds . USA . 
Fund . Matson Money Equity
FMVUX Fund  USD 33.98  0.31  0.90%   
The current 90-days correlation between Matson Money Equity and Biotechnology Ultrasector Profund is 0.45 (i.e., Very weak diversification). The correlation of Matson Money 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.

Matson Money Correlation With Market

Very poor diversification

The correlation between Matson Money Equity 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 Matson Money Equity 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 Matson Money Equity. 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 housing.

Moving together with Matson Mutual Fund

  0.74VTSAX Vanguard Total StockPairCorr
  0.76VFIAX Vanguard 500 IndexPairCorr
  0.8VTSMX Vanguard Total StockPairCorr
  0.8VITSX Vanguard Total StockPairCorr
  0.74VSTSX Vanguard Total StockPairCorr
  0.74VSMPX Vanguard Total StockPairCorr
  0.76VFINX Vanguard 500 IndexPairCorr
  0.71VFFSX Vanguard 500 IndexPairCorr
  0.79VGTSX Vanguard Total InterPairCorr
  0.8VTIAX Vanguard Total InterPairCorr
  0.71NHS Neuberger Berman HighPairCorr
  0.79MCNVX Mainstay VertiblePairCorr
  0.68MSGSX Massmutual Select SmallPairCorr
  0.7MWLNX Metropolitan West LowPairCorr
  0.73CIFCX Calvert IncomePairCorr
  0.74INISX Federated IntermediatePairCorr
  0.79HSNYX The Hartford StrategicPairCorr
  0.61SWCGX Schwab MarkettrackPairCorr
  0.71THGIX Thornburg InternationalPairCorr
  0.81AGTFX Morningstar AggressivePairCorr
  0.67HULCX Hawaiian Tax FreePairCorr
  0.69ALBCX Alger Growth IncomePairCorr
  0.7MMU Western Asset ManagedPairCorr
  0.79VTTHX Vanguard Target RetiPairCorr
  0.89TWQCX Transamerica Large CapPairCorr
  0.66PTTAX Total ReturnPairCorr
  0.76STRYX Pioneer Strategic IncomePairCorr
  0.89MEIKX Mfs Value FundPairCorr
  0.76FXAIX Fidelity 500 IndexPairCorr
  0.84FIKMX Fidelity Real EstatePairCorr
  0.68MACNX Mfs Servative AllocationPairCorr
  0.77CTIVX Columbia Strategic IncomePairCorr
  0.67HYMIX Lord Abbett HighPairCorr
  0.94OWLLX Channing Intrinsic ValuePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Matson Mutual Fund performing well and Matson Money 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 Matson Money'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.

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