Infrastructure Fund Correlations

IFAIX Fund

USD 23.82 0.06 0.25%

The current 90-days correlation between Infrastructure Fund and Spectrum Fund Adviser is 0.8 (i.e., Very 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 0.69 (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

1.0	IFAAX	Infrastructure Fund	Pair Corr
0.63	BLNIX	Balanced Fund Instit	Pair Corr
0.63	BLNAX	Balanced Fund Adviser	Pair Corr
0.62	FLBDX	Total Return Bond	Pair Corr
0.83	FLDOX	Dividend Opportunities	Pair Corr
0.74	FLFGX	Global Opportunities	Pair Corr
0.99	FLRUX	Infrastructure Fund	Pair Corr
0.83	DVOIX	Dividend Opportunities	Pair Corr
0.83	DVOAX	Dividend Opportunities	Pair Corr
0.74	GBPAX	Global Opportunities	Pair Corr
0.74	GBPIX	Global Opportunities	Pair Corr
0.84	FASIX	Fidelity Asset Manager	Pair Corr
0.95	FTIWX	Fidelity Asset Manager	Pair Corr
0.94	FTDWX	Fidelity Asset Manager	Pair Corr
0.95	FTAWX	Fidelity Asset Manager	Pair Corr
0.84	FIKVX	Fidelity Asset Manager	Pair Corr
0.83	FTCWX	Fidelity Asset Manager	Pair Corr
0.83	VASIX	Vanguard Lifestrategy	Pair Corr
0.85	PFIPX	Strategic Asset Mana	Pair Corr

Related Correlations Analysis

	SRUAX	SRUIX	QNTAX	QNTIX	IFAIX	BLNIX	BLNAX	FLBDX	FLCGX
SRUAX		1.0	0.9	0.9	0.49	0.98	0.98	0.67	0.98	SRUAX
SRUIX	1.0		0.9	0.9	0.49	0.98	0.98	0.67	0.98	SRUIX
QNTAX	0.9	0.9		1.0	0.42	0.88	0.88	0.78	0.92	QNTAX
QNTIX	0.9	0.9	1.0		0.42	0.88	0.88	0.78	0.92	QNTIX
IFAIX	0.49	0.49	0.42	0.42		0.63	0.63	0.62	0.52	IFAIX
BLNIX	0.98	0.98	0.88	0.88	0.63		1.0	0.69	0.96	BLNIX
BLNAX	0.98	0.98	0.88	0.88	0.63	1.0		0.7	0.96	BLNAX
FLBDX	0.67	0.67	0.78	0.78	0.62	0.69	0.7		0.75	FLBDX
FLCGX	0.98	0.98	0.92	0.92	0.52	0.96	0.96	0.75		FLCGX
	SRUAX	SRUIX	QNTAX	QNTIX	IFAIX	BLNIX	BLNAX	FLBDX	FLCGX

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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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SRUAX	0.61	(0.03)	(0.05)	0.06	0.67	(0.71)	1.30	(1.13)	3.89
SRUIX	0.61	(0.03)	(0.05)	0.06	0.67	(0.71)	1.29	(1.12)	3.88
QNTAX	0.58	0.06	(0.04)	(1.15)	0.70	(0.65)	1.23	(1.03)	3.51
QNTIX	0.59	0.06	(0.04)	(1.12)	0.70	(0.65)	1.20	(1.05)	3.51
IFAIX	0.24	(0.02)	(0.29)	0.00	0.26	(0.26)	0.46	(0.50)	1.31
BLNIX	0.44	(0.03)	(0.11)	0.04	0.52	(0.49)	0.91	(0.70)	2.80
BLNAX	0.43	(0.03)	(0.11)	0.04	0.52	(0.47)	0.91	(0.70)	2.81
FLBDX	0.08	0.00	(0.63)	0.00	0.00	(0.15)	0.21	(0.11)	0.53
FLCGX	0.58	(0.01)	(0.04)	0.07	0.67	(0.66)	1.21	(1.00)	3.51

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Infrastructure Fund Correlations

Infrastructure Fund Correlation With Market

Poor diversification

Moving together with Infrastructure Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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