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

  0.9PTY Pimco Corporate IncomePairCorr
  0.78FFIAX Fpa Flexible FixedPairCorr
  0.97QRSAX Fpa Queens RoadPairCorr
  0.97QRSIX Fpa Queens RoadPairCorr
  0.98QRSVX Queens Road SmallPairCorr
  0.97QRVLX Queens Road ValuePairCorr
  0.99FPACX Fpa CrescentPairCorr
  0.99FPCSX Fpa CrescentPairCorr
  0.78FPFIX Fpa Flexible FixedPairCorr
  0.76FPNRX Fpa New IncomePairCorr
  0.75FPNIX Fpa New IncomePairCorr
  0.98FFIFX American FundsPairCorr
  0.99FAIFX American FundsPairCorr
  0.98IFACX Income FundPairCorr
  0.99IFAFX Income FundPairCorr
  0.99AMECX Income FundPairCorr
  0.98RIDBX Income FundPairCorr
  0.98CIMEX Income FundPairCorr
  0.98RIDFX Income FundPairCorr
  0.98CIMCX Income FundPairCorr
  0.98CIMFX Income FundPairCorr
  0.94PDI Pimco Dynamic IncomePairCorr
  0.96FTCAX Templeton Strained BondPairCorr
  0.96TSWEX Tsw Equity PortfolioPairCorr
  0.95BGX Blackstone Gso LongPairCorr
  0.82FESIX Fidelity Sai RealPairCorr
  0.98FDDTX American Funds 2025PairCorr
  0.98REMSX Emerging MarketsPairCorr
  0.98DRGVX Dreyfus Strategic ValuePairCorr
  0.99DUSQX Us Lg CapPairCorr
  0.97GILCX Guggenheim Large CapPairCorr
  0.89KNGLX Cboe Vest SpPairCorr

Moving against Fpa Mutual Fund

  0.98USPIX Profunds Ultrashort Potential GrowthPairCorr
  0.97USPSX Profunds Ultrashort Potential GrowthPairCorr
  0.95UIPIX Ultrashort Mid CapPairCorr
  0.79TCTGX Transamerica CleartrackPairCorr
  0.79TCTJX Transamerica CleartrackPairCorr
  0.79TCSUX Cleartrack 2020 ClassPairCorr
  0.78TDKTX Cleartrack 2015 ClassPairCorr

Related Correlations Analysis

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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   
FPCSXFPACX
FPFIXFFIAX
FPFRXFPACX
FPFRXFPCSX
FPACXFFIAX
FPCSXFFIAX
  
High negative correlations   
FPIVXFPFRX
FPIVXFPFIX
FPIVXFPCSX
FPIVXFPACX
FPIVXFFIAX
FPIVXFPPTX

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.