Fpa Crescent Correlations

FPACX Fund

USD 42.63 0.08 0.19%

The current 90-days correlation between Fpa Crescent and Pimco Corporate Income is 0.07 (i.e., Significant diversification). The correlation of Fpa Crescent 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.

Fpa Crescent Correlation With Market

Very poor diversification

The correlation between Fpa Crescent Fund and DJI is 0.83 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fpa Crescent Fund 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 Fpa Crescent Fund. 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 main economic indicators.

Moving together with Fpa Mutual Fund

0.88	PTY	Pimco Corporate Income	Pair Corr
0.83	QRSAX	Fpa Queens Road	Pair Corr
0.84	QRSIX	Fpa Queens Road	Pair Corr
0.9	QRSVX	Queens Road Small	Pair Corr
0.87	QRVLX	Queens Road Value	Pair Corr
1.0	FPCSX	Fpa Crescent	Pair Corr
0.87	FFIFX	American Funds	Pair Corr
0.84	FAIFX	American Funds	Pair Corr
0.86	IFACX	Income Fund	Pair Corr
0.83	IFAFX	Income Fund	Pair Corr
0.87	AMECX	Income Fund	Pair Corr
0.86	RIDBX	Income Fund	Pair Corr
0.87	CIMEX	Income Fund	Pair Corr
0.87	RIDFX	Income Fund	Pair Corr
0.86	CIMCX	Income Fund	Pair Corr
0.87	CIMFX	Income Fund	Pair Corr
0.9	FTYPX	Fidelity Freedom Index	Pair Corr
0.83	FFBTX	Fidelity Freedom Blend	Pair Corr
0.83	GCAVX	Gmo Small Cap	Pair Corr
0.79	GQLOX	Gmo Quality Fund	Pair Corr
0.69	GHVIX	Gmo High Yield	Pair Corr
0.98	GMCQX	Gmo Equity Allocation	Pair Corr
0.76	JPC	Nuveen Preferred Income Sell-off Trend	Pair Corr
0.87	FLCOX	Fidelity Large Cap	Pair Corr
0.85	FLOTX	Power Floating Rate	Pair Corr
0.91	VFIAX	Vanguard 500 Index	Pair Corr
0.89	LVOAX	Lord Abbett Value	Pair Corr
0.91	VFINX	Vanguard 500 Index	Pair Corr
0.91	GRHAX	Goehring Rozencwajg	Pair Corr
0.93	VTMFX	Vanguard Tax Managed	Pair Corr
0.94	VITAX	Vanguard Information	Pair Corr
0.93	PMBPX	Midcap Fund R	Pair Corr

Moving against Fpa Mutual Fund

0.82	GABFX	Gmo Asset Allocation	Pair Corr
0.51	FPFIX	Fpa Flexible Fixed	Pair Corr
0.49	FPNRX	Fpa New Income	Pair Corr
0.47	FFIAX	Fpa Flexible Fixed	Pair Corr
0.47	FPNIX	Fpa New Income	Pair Corr
0.33	GAAVX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	PTY	FFIAX	QRSAX	QRSIX	QRSVX	QRVLX	FPACX	FPCSX	FPFIX	FPNRX
PTY		-0.47	0.79	0.79	0.79	0.84	0.88	0.88	-0.49	-0.48	PTY
FFIAX	-0.47		-0.56	-0.56	-0.56	-0.14	-0.47	-0.47	0.96	1.0	FFIAX
QRSAX	0.79	-0.56		1.0	0.94	0.74	0.83	0.83	-0.57	-0.58	QRSAX
QRSIX	0.79	-0.56	1.0		0.94	0.74	0.84	0.84	-0.57	-0.58	QRSIX
QRSVX	0.79	-0.56	0.94	0.94		0.8	0.9	0.9	-0.58	-0.58	QRSVX
QRVLX	0.84	-0.14	0.74	0.74	0.8		0.87	0.87	-0.18	-0.16	QRVLX
FPACX	0.88	-0.47	0.83	0.84	0.9	0.87		1.0	-0.51	-0.49	FPACX
FPCSX	0.88	-0.47	0.83	0.84	0.9	0.87	1.0		-0.51	-0.49	FPCSX
FPFIX	-0.49	0.96	-0.57	-0.57	-0.58	-0.18	-0.51	-0.51		0.96	FPFIX
FPNRX	-0.48	1.0	-0.58	-0.58	-0.58	-0.16	-0.49	-0.49	0.96		FPNRX
	PTY	FFIAX	QRSAX	QRSIX	QRSVX	QRVLX	FPACX	FPCSX	FPFIX	FPNRX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FPNRX	+ 1.0	FFIAX
QRSIX	+ 1.0	QRSAX
FPCSX	+ 1.0	FPACX
FPFIX	+ 0.96	FFIAX
FPNRX	+ 0.96	FPFIX
QRSVX	+ 0.94	QRSAX

High negative correlations

FPNRX	- 0.58	QRSVX
FPFIX	- 0.58	QRSVX
FPNRX	- 0.58	QRSIX
FPNRX	- 0.58	QRSAX
FPFIX	- 0.57	QRSIX
FPFIX	- 0.57	QRSAX

Risk-Adjusted Indicators

There is a big difference between Fpa Mutual Fund performing well and Fpa Crescent 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 Fpa Crescent'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
PTY	0.16	0.06	(0.05)	3.36	0.00	(0.22)	0.50	(0.21)	1.26
FFIAX	0.12	(0.01)	(0.41)	(0.56)	0.17	(0.15)	0.20	(0.29)	0.88
QRSAX	0.77	0.11	0.03	(9.65)	0.74	(0.88)	1.87	(1.28)	6.37
QRSIX	0.77	0.11	0.04	(14.46)	0.73	(0.88)	1.89	(1.28)	6.37
QRSVX	0.76	0.00	0.02	0.08	0.73	(0.89)	1.89	(1.28)	6.35
QRVLX	0.58	0.01	0.00	0.09	0.48	(0.72)	1.19	(0.94)	4.15
FPACX	0.42	(0.01)	(0.08)	0.06	0.49	(0.43)	0.99	(0.73)	2.38
FPCSX	0.42	(0.01)	(0.08)	0.06	0.49	(0.43)	0.99	(0.72)	2.38
FPFIX	0.12	(0.01)	(0.42)	0.36	0.15	(0.14)	0.20	(0.20)	0.88
FPNRX	0.12	(0.01)	0.00	(0.51)	0.00	0.00	0.20	(0.30)	0.90

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