Forester Value Correlations

FVALX Fund

USD 5.81 0.01 0.17%

The correlation of Forester Value 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.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Forester Value 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 bureau of economic analysis.

Moving together with Forester Mutual Fund

0.99	FVILX	Forester Value	Pair Corr
0.99	FVRLX	Forester Value	Pair Corr

Moving against Forester Mutual Fund

0.37	DOXGX	Dodge Cox Stock	Pair Corr
0.37	DODGX	Dodge Stock Fund	Pair Corr
0.35	AMRMX	American Mutual	Pair Corr
0.34	AFMFX	American Mutual	Pair Corr
0.34	FFMMX	American Funds American	Pair Corr
0.34	FFFMX	American Funds American	Pair Corr
0.34	AMFFX	American Mutual	Pair Corr
0.34	AMFCX	American Mutual	Pair Corr
0.32	CIF	Mfs Intermediate High	Pair Corr
0.5	BDFIX	Baron Discovery	Pair Corr
0.48	CSVIX	Calvert Small Cap	Pair Corr
0.46	APGCX	Ab Large Cap	Pair Corr
0.43	TALRX	Transamerica Asset	Pair Corr
0.42	IRDAX	Ishares Russell 3000	Pair Corr
0.41	OWACX	Old Westbury All	Pair Corr
0.41	DSHFX	Brinker Capital Dest	Pair Corr
0.41	TLVAX	Timothy Large/mid-cap	Pair Corr
0.4	TQGEX	T Rowe Price	Pair Corr
0.39	FGSPX	Fa529 Gb St	Pair Corr
0.38	SLPSX	Small Cap Profund	Pair Corr
0.37	PRWLX	Diversified International	Pair Corr
0.34	PCF	Putnam High Income	Pair Corr
0.34	PADCX	Prudential Absolute	Pair Corr
0.33	WFPRX	Wells Fargo Special	Pair Corr
0.45	ODIIX	Oppenheimer Discovery	Pair Corr
0.41	SLCAX	Siit Large Cap	Pair Corr
0.4	ISJIX	Voya Index Solution	Pair Corr
0.4	PHDTX	Pace High Yield	Pair Corr

Related Correlations Analysis

	INTLX	FVALX	FVILX	FVRLX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX
INTLX		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	INTLX
FVALX	0.0		0.99	0.99	-0.3	0.0	0.0	-0.44	-0.32	FVALX
FVILX	0.0	0.99		0.99	-0.28	0.0	0.0	-0.4	-0.29	FVILX
FVRLX	0.0	0.99	0.99		-0.36	0.0	0.0	-0.48	-0.37	FVRLX
MNDVUX	0.0	-0.3	-0.28	-0.36		0.0	0.0	0.89	0.97	MNDVUX
NWWAX	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	SMGASX
PWJQX	0.0	-0.44	-0.4	-0.48	0.89	0.0	0.0		0.86	PWJQX
FGWMX	0.0	-0.32	-0.29	-0.37	0.97	0.0	0.0	0.86		FGWMX
	INTLX	FVALX	FVILX	FVRLX	MNDVUX	NWWAX	SMGASX	PWJQX	FGWMX

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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

FVILX	+ 0.99	FVALX
FVRLX	+ 0.99	FVALX
FVRLX	+ 0.99	FVILX
FGWMX	+ 0.97	MNDVUX
PWJQX	+ 0.89	MNDVUX
FGWMX	+ 0.86	PWJQX

High negative correlations

PWJQX	- 0.48	FVRLX
PWJQX	- 0.44	FVALX
PWJQX	- 0.4	FVILX
FGWMX	- 0.37	FVRLX
MNDVUX	- 0.36	FVRLX
FGWMX	- 0.32	FVALX

Risk-Adjusted Indicators

There is a big difference between Forester Mutual Fund performing well and Forester Value 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 Forester Value'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
INTLX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FVALX	0.30	(0.02)	0.00	8.56	0.00	0.00	0.69	(0.52)	1.57
FVILX	0.28	(0.02)	0.00	1.04	0.00	0.00	0.67	(0.50)	1.51
FVRLX	0.27	(0.01)	0.00	0.64	0.00	0.00	0.64	(0.48)	1.44
MNDVUX	0.59	(0.01)	(0.04)	0.19	0.47	(0.70)	1.50	(0.87)	4.98
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PWJQX	0.64	0.07	0.01	0.30	0.39	(0.72)	1.35	(1.19)	4.45
FGWMX	0.20	0.04	(0.54)	0.45	0.00	(0.26)	0.48	(0.31)	1.21

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Forester Value Correlations

Moving together with Forester Mutual Fund

Moving against Forester Mutual Fund

Related Correlations Analysis

Correlation Matchups

Risk-Adjusted Indicators

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