Infrastructure Fund Correlations

Mutual Funds . USA . 
Fund . Infrastructure Fund Institutional
IFAIX Fund  USD 23.94  0.06  0.25%   
The current 90-days correlation between Infrastructure Fund and Small Cap Value Series is 0.72 (i.e., Poor diversification). The correlation of Infrastructure Fund 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.

Infrastructure Fund Correlation With Market

Poor diversification

The correlation between Infrastructure Fund Institutio 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 Infrastructure Fund Institutio 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 Infrastructure Fund Institutional. 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 gross domestic product.

Moving together with Infrastructure Mutual Fund

  0.98SRUIX Spectrum Fund InstitPairCorr
  0.85QNTAX Quantex Fund AdviserPairCorr
  0.96QNTIX Quantex Fund InstituPairCorr
  0.86BLNAX Balanced Fund AdviserPairCorr
  0.96FLCGX Quantex Fund RetailPairCorr
  0.99FLDOX Dividend OpportunitiesPairCorr
  0.96FLDGX Dynamic GrowthPairCorr
  0.96FLFGX Global OpportunitiesPairCorr
  0.97FLMIX Muirfield Fund InstiPairCorr
  0.85FLMFX Muirfield Fund RetailPairCorr
  1.0FLRUX Infrastructure FundPairCorr
  0.87FLSPX Spectrum Fund RetailPairCorr
  0.88DVOIX Dividend OpportunitiesPairCorr
  1.0FASIX Fidelity Asset ManagerPairCorr
  1.0FTIWX Fidelity Asset ManagerPairCorr
  1.0FTDWX Fidelity Asset ManagerPairCorr
  1.0FTAWX Fidelity Asset ManagerPairCorr
  1.0FIKVX Fidelity Asset ManagerPairCorr
  1.0FTCWX Fidelity Asset ManagerPairCorr
  0.99VASIX Vanguard LifestrategyPairCorr
  1.0PFIPX Strategic Asset ManaPairCorr
  0.93CPAYX Columbia Pacific/asiaPairCorr
  0.97CASAX Columbia PacificasiaPairCorr
  0.89CCCZX Center St BrookfieldPairCorr
  0.89CASCX Columbia PacificasiaPairCorr
  0.91MGHRX Morgan Stanley InstiPairCorr
  0.91MSEQX Growth Portfolio ClassPairCorr
  0.91MSHLX Growth Portfolio ClassPairCorr
  0.97NADMX Nationwide InvestorPairCorr
  0.87GLOIX Gamco Global OpportunityPairCorr
  0.95MMIUX Massmutual SelectPairCorr
  0.95ODICX Oppenheimer DiscoveryPairCorr
  0.88VWIGX Vanguard InternationalPairCorr
  0.92ADVKX Vaughan Nelson EmergingPairCorr
  0.97MKDVX Blackrock Equity DividendPairCorr
  0.86ETO Eaton Vance TaxPairCorr
  0.92OTCIX Mfs Mid CapPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Infrastructure Mutual Fund performing well and Infrastructure Fund 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 Infrastructure Fund'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.

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