Green Century Correlations

GCINX Fund

USD 15.75 0.08 0.51%

The current 90-days correlation between Green Century Msci and Stone Ridge Diversified is -0.21 (i.e., Very good diversification). The correlation of Green Century 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.

Green Century Correlation With Market

Poor diversification

The correlation between Green Century Msci and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Century Msci and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Century Msci. 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 state.

Moving together with Green Mutual Fund

0.62	GCEQX	Green Century Equity	Pair Corr
0.62	GCEUX	Green Century Equity	Pair Corr
1.0	GCIFX	Green Century Msci	Pair Corr
0.8	GCBUX	Green Century Balanced	Pair Corr
0.81	GCBLX	Green Century Balanced	Pair Corr
0.67	VGTSX	Vanguard Total Inter	Pair Corr
0.67	VTIAX	Vanguard Total Inter	Pair Corr
0.67	VTSNX	Vanguard Total Inter	Pair Corr
0.67	VTPSX	Vanguard Total Inter	Pair Corr
0.69	VTMGX	Vanguard Developed	Pair Corr
0.69	VTMNX	Vanguard Developed	Pair Corr
0.69	VDIPX	Vanguard Developed	Pair Corr
0.77	FSPSX	Fidelity International	Pair Corr
0.63	BTMPX	Ishares Msci Eafe	Pair Corr
0.77	BTMKX	Blackrock International	Pair Corr
0.78	MDIIX	Blackrock Intern Index	Pair Corr

Moving against Green Mutual Fund

0.46	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.46	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.43	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.43	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	SRDAX	MNDWX	QDARX	VYRPX	FARIX	ACV	LIGFX
SRDAX		0.72	0.58	0.51	0.68	0.62	0.55	SRDAX
MNDWX	0.72		0.83	0.88	0.87	0.88	0.84	MNDWX
QDARX	0.58	0.83		0.75	0.8	0.9	0.64	QDARX
VYRPX	0.51	0.88	0.75		0.86	0.85	0.93	VYRPX
FARIX	0.68	0.87	0.8	0.86		0.87	0.84	FARIX
ACV	0.62	0.88	0.9	0.85	0.87		0.8	ACV
LIGFX	0.55	0.84	0.64	0.93	0.84	0.8		LIGFX
	SRDAX	MNDWX	QDARX	VYRPX	FARIX	ACV	LIGFX

Risk-Adjusted Indicators

There is a big difference between Green Mutual Fund performing well and Green Century 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 Green Century'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
SRDAX	0.14	0.03	(0.13)	(0.56)	0.00	(0.18)	0.28	(0.38)	0.85
MNDWX	0.08	0.03	(0.22)	18.93	0.00	(0.13)	0.19	(0.19)	0.58
QDARX	0.07	0.02	(0.50)	(9.08)	0.00	(0.10)	0.15	(0.08)	0.38
VYRPX	0.17	0.02	(0.13)	0.34	0.03	(0.21)	0.37	(0.37)	0.93
FARIX	0.35	0.07	0.05	0.30	0.26	(0.42)	1.06	(0.67)	1.94
ACV	0.69	0.17	0.13	0.31	0.79	(0.73)	1.57	(1.30)	5.16
LIGFX	0.23	0.01	(0.09)	0.10	0.19	(0.27)	0.48	(0.36)	1.46

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