Fzdaqx Correlations

Funds . USA . 
Fund . Fzdaqx
FZDAQX Fund   9.82  0.01  0.10%   
The current 90-days correlation between Fzdaqx and Vanguard Total Stock is -0.06 (i.e., Good diversification). The correlation of Fzdaqx 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.

Fzdaqx Correlation With Market

Very weak diversification

The correlation between Fzdaqx and DJI is 0.44 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fzdaqx 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 Fzdaqx. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Fzdaqx Fund

  0.89VTSAX Vanguard Total StockPairCorr
  0.91VFIAX Vanguard 500 IndexPairCorr
  0.89VTSMX Vanguard Total StockPairCorr
  0.91VITSX Vanguard Total StockPairCorr
  0.89VSTSX Vanguard Total StockPairCorr
  0.89VSMPX Vanguard Total StockPairCorr
  0.91VFINX Vanguard 500 IndexPairCorr
  0.89VFFSX Vanguard 500 IndexPairCorr
  0.92VGTSX Vanguard Total InterPairCorr
  0.92VTIAX Vanguard Total InterPairCorr
  0.77NHS Neuberger Berman HighPairCorr
  0.86PFE Pfizer IncPairCorr
  0.61T ATT Inc Earnings Call This WeekPairCorr
  0.79AA Alcoa CorpPairCorr
  0.81DD Dupont De NemoursPairCorr
  0.88CSCO Cisco SystemsPairCorr
  0.85IBM International Business Earnings Call This WeekPairCorr
  0.86DIS Walt DisneyPairCorr
  0.73CVX Chevron CorpPairCorr
  0.87CAT CaterpillarPairCorr
  0.84BA BoeingPairCorr
  0.88MSFT MicrosoftPairCorr

Moving against Fzdaqx Fund

  0.45KO Coca Cola Earnings Call This WeekPairCorr
  0.36VZ Verizon Communications Earnings Call This WeekPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Fzdaqx Fund performing well and Fzdaqx 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 Fzdaqx'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.67  0.26  0.12 (3.44) 0.54 
(0.76)
 2.07 
(1.17)
 5.05 
VFIAX  0.65  0.11  0.11  0.25  0.56 
(0.75)
 2.02 
(1.11)
 4.88 
VTSMX  0.67  0.26  0.13 (2.75) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VITSX  0.66  0.12  0.11  0.26  0.55 
(0.75)
 2.07 
(1.17)
 5.05 
VSTSX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VSMPX  0.67  0.26  0.13 (2.76) 0.56 
(0.75)
 2.08 
(1.17)
 5.04 
VFINX  0.66  0.12  0.11  0.26  0.54 
(0.77)
 2.02 
(1.11)
 4.88 
VFFSX  0.66  0.25  0.12 (3.24) 0.56 
(0.72)
 2.02 
(1.11)
 4.88 
VGTSX  0.47  0.23  0.14 (4.35) 0.08 
(0.54)
 1.31 
(0.84)
 3.09 
VTIAX  0.47  0.23  0.13 (4.21) 0.00 
(0.54)
 1.35 
(0.86)
 3.10 

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