Consumer Discretionary Correlations

FSCPX Fund

USD 63.95 0.29 0.45%

The current 90-days correlation between Consumer Discretionary and Industrials Portfolio Industrials is 0.93 (i.e., Almost no diversification). The correlation of Consumer Discretionary 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.

Consumer Discretionary Correlation With Market

Good diversification

The correlation between Consumer Discretionary Portfol and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Discretionary Portfol 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 Consumer Discretionary Portfolio. 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 american community survey.

Moving together with Consumer Mutual Fund

0.69	IP	International Paper	Pair Corr
0.88	SW	Smurfit WestRock plc	Pair Corr
0.64	F-PC	Ford Motor	Pair Corr
0.63	F-PD	F PD	Pair Corr
0.69	WPRT	Westport Fuel Systems	Pair Corr
0.84	FIGS	Figs Inc	Pair Corr
0.66	AGH	Aureus Greenway Holdings	Pair Corr
0.78	AIN	Albany International	Pair Corr
0.79	AVY	Avery Dennison Corp	Pair Corr
0.67	DMN	Damon Common Stock	Pair Corr
0.87	GEF	Greif Bros	Pair Corr
0.87	HNI	HNI Corp	Pair Corr
0.74	IVP	Inspire Veterinary	Pair Corr
0.67	KAR	KAR Auction Services	Pair Corr
0.87	KRT	Karat Packaging	Pair Corr
0.72	MED	MEDIFAST INC Downward Rally	Pair Corr
0.87	MLR	Miller Industries	Pair Corr
0.65	BC-PC	Brunswick Corp	Pair Corr
0.75	PKG	Packaging Corp	Pair Corr
0.79	SCS	Steelcase	Pair Corr

Moving against Consumer Mutual Fund

0.31

ROL

Rollins

Pair Corr

Related Correlations Analysis

	FCYIX	FSAVX	FDLSX	FBMPX	FSHOX
FCYIX		0.98	0.59	0.8	0.91	FCYIX
FSAVX	0.98		0.65	0.84	0.95	FSAVX
FDLSX	0.59	0.65		0.92	0.81	FDLSX
FBMPX	0.8	0.84	0.92		0.91	FBMPX
FSHOX	0.91	0.95	0.81	0.91		FSHOX
	FCYIX	FSAVX	FDLSX	FBMPX	FSHOX

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Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Discretionary 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 Consumer Discretionary'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
FCYIX	1.51	0.10	0.07	(13.63)	2.34	(1.46)	2.85	(3.10)	13.09
FSAVX	1.36	0.04	0.06	(0.29)	1.72	(1.37)	2.90	(2.33)	12.28
FDLSX	1.35	(0.10)	0.00	(0.15)	0.00	0.00	2.29	(3.17)	12.50
FBMPX	1.50	(0.02)	0.00	(0.08)	0.00	0.00	2.47	(3.58)	13.80
FSHOX	1.37	(0.03)	0.00	0.16	0.00	0.00	2.74	(2.46)	10.25

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