Fpa Crescent Correlations

FPFRX Fund

43.58 0.17 0.39%

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

Good diversification

The correlation between Fpa Crescent and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fpa Crescent 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. 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 metropolitan statistical area.

Moving together with Fpa Mutual Fund

0.9	PTY	Pimco Corporate Income	Pair Corr
0.78	FFIAX	Fpa Flexible Fixed	Pair Corr
0.97	QRSAX	Fpa Queens Road	Pair Corr
0.97	QRSIX	Fpa Queens Road	Pair Corr
0.98	QRSVX	Queens Road Small	Pair Corr
0.97	QRVLX	Queens Road Value	Pair Corr
0.99	FPACX	Fpa Crescent	Pair Corr
0.99	FPCSX	Fpa Crescent	Pair Corr
0.78	FPFIX	Fpa Flexible Fixed	Pair Corr
0.76	FPNRX	Fpa New Income	Pair Corr
0.75	FPNIX	Fpa New Income	Pair Corr
0.98	FFIFX	American Funds	Pair Corr
0.99	FAIFX	American Funds	Pair Corr
0.98	IFACX	Income Fund	Pair Corr
0.99	IFAFX	Income Fund	Pair Corr
0.99	AMECX	Income Fund	Pair Corr
0.98	RIDBX	Income Fund	Pair Corr
0.98	CIMEX	Income Fund	Pair Corr
0.98	RIDFX	Income Fund	Pair Corr
0.98	CIMCX	Income Fund	Pair Corr
0.98	CIMFX	Income Fund	Pair Corr
0.94	PDI	Pimco Dynamic Income	Pair Corr
0.96	FTCAX	Templeton Strained Bond	Pair Corr
0.96	TSWEX	Tsw Equity Portfolio	Pair Corr
0.95	BGX	Blackstone Gso Long	Pair Corr
0.82	FESIX	Fidelity Sai Real	Pair Corr
0.98	FDDTX	American Funds 2025	Pair Corr
0.98	REMSX	Emerging Markets	Pair Corr
0.98	DRGVX	Dreyfus Strategic Value	Pair Corr
0.99	DUSQX	Us Lg Cap	Pair Corr
0.97	GILCX	Guggenheim Large Cap	Pair Corr
0.89	KNGLX	Cboe Vest Sp	Pair Corr

Moving against Fpa Mutual Fund

0.98	USPIX	Profunds Ultrashort Potential Growth	Pair Corr
0.97	USPSX	Profunds Ultrashort Potential Growth	Pair Corr
0.95	UIPIX	Ultrashort Mid Cap	Pair Corr
0.79	TCTGX	Transamerica Cleartrack	Pair Corr
0.79	TCTJX	Transamerica Cleartrack	Pair Corr
0.79	TCSUX	Cleartrack 2020 Class	Pair Corr
0.78	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	FPRAX	FPPFX	FPPTX	FFIAX	FPACX	FPCSX	FPFIX	FPFRX	FPIVX
FPRAX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	FPRAX
FPPFX	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	FPPFX
FPPTX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	FPPTX
FFIAX	0.0	0.0	0.0		0.79	0.79	0.99	0.78	0.0	FFIAX
FPACX	0.0	0.0	0.0	0.79		1.0	0.79	0.99	0.0	FPACX
FPCSX	0.0	0.0	0.0	0.79	1.0		0.79	0.99	0.0	FPCSX
FPFIX	0.0	0.0	0.0	0.99	0.79	0.79		0.78	0.0	FPFIX
FPFRX	0.0	0.0	0.0	0.78	0.99	0.99	0.78		0.0	FPFRX
FPIVX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		FPIVX
	FPRAX	FPPFX	FPPTX	FFIAX	FPACX	FPCSX	FPFIX	FPFRX	FPIVX

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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

FPCSX	+ 1.0	FPACX
FPFIX	+ 0.99	FFIAX
FPFRX	+ 0.99	FPACX
FPFRX	+ 0.99	FPCSX
FPACX	+ 0.79	FFIAX
FPCSX	+ 0.79	FFIAX

High negative correlations

FPIVX	- 0.0	FPFRX
FPIVX	- 0.0	FPFIX
FPIVX	- 0.0	FPCSX
FPIVX	- 0.0	FPACX
FPIVX	- 0.0	FFIAX
FPIVX	- 0.0	FPPTX

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
FPRAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPPFX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FPPTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FFIAX	0.15	0.01	(0.90)	0.68	0.06	(0.18)	0.30	(0.29)	0.79
FPACX	0.38	0.10	(0.01)	0.40	0.00	(0.50)	1.18	(0.62)	2.78
FPCSX	0.37	0.10	(0.01)	0.41	0.00	(0.45)	1.15	(0.62)	2.80
FPFIX	0.14	0.01	(0.94)	2.23	0.00	(0.19)	0.30	(0.20)	0.79
FPFRX	0.36	0.20	(0.04)	(2.51)	0.00	(0.46)	1.18	(0.62)	2.78
FPIVX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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