Poplar Forest Correlations

IPFPX Fund

USD 57.38 0.13 0.23%

The current 90-days correlation between Poplar Forest Partners and Haverford Quality Growth is 0.56 (i.e., Very weak diversification). The correlation of Poplar Forest 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.

Poplar Forest Correlation With Market

Poor diversification

The correlation between Poplar Forest Partners and DJI is 0.76 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poplar Forest Partners 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 Poplar Forest Partners. 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 producer price index.

Moving together with Poplar Mutual Fund

1.0	PFPFX	Poplar Forest Partners	Pair Corr
0.98	IPFCX	Poplar Forest Nerstone	Pair Corr
0.81	VMVAX	Vanguard Mid Cap	Pair Corr
0.92	VMVIX	Vanguard Mid Cap	Pair Corr
0.7	RYMEX	Commodities Strategy	Pair Corr
0.7	RYMJX	Commodities Strategy	Pair Corr
0.71	RYMBX	Commodities Strategy	Pair Corr
0.85	BRUFX	Bruce Fund Bruce	Pair Corr
0.69	SPGSX	State Street Premier	Pair Corr
0.64	KF	Korea Closed	Pair Corr
0.81	CMCMX	Conestoga Micro Cap	Pair Corr
0.74	VMPRX	Wells Fargo Strategic	Pair Corr
0.77	MLORX	Cohen Steers Mlp	Pair Corr
0.76	HIPRX	The Hartford Inflation	Pair Corr
0.85	MSGZX	Massmutual Select Small	Pair Corr
0.85	JHIKX	Multi Index 2060	Pair Corr
0.86	SIRJX	Sierra E Retirement	Pair Corr
0.8	LPDAX	Blackrock Lifepath	Pair Corr
0.65	XRGTX	Royce Global Value	Pair Corr
0.83	TLWPX	Tiaa Cref Lifecycle	Pair Corr
0.69	DLGBX	Doubleline Global Bond	Pair Corr
0.76	WRPRX	Wells Fargo Alternative	Pair Corr
0.84	SNOIX	Snow Capital Opportunity	Pair Corr
0.7	BIIGX	Buffalo Growth	Pair Corr
0.82	NQGAX	Nuveen Nwq Global	Pair Corr
0.86	VWINX	Vanguard Wellesley Income	Pair Corr
0.74	CMJAX	Calvert Mid Cap	Pair Corr
0.86	NTBIX	Navigator Tactical Fixed	Pair Corr
0.86	FIHLX	Federated Institutional	Pair Corr
0.75	NHMFX	Nuveen High Yield	Pair Corr
0.8	DRIGX	Dimensional 2035 Target	Pair Corr

Related Correlations Analysis

	HAVGX	MHN	ARDC	RFI	MXXVX	GBFAX	FICNX	NPCT	ODMCX	LBGIX
HAVGX		0.92	-0.68	-0.16	0.62	0.93	0.93	0.14	-0.71	0.41	HAVGX
MHN	0.92		-0.72	-0.07	0.5	0.89	0.97	0.25	-0.75	0.39	MHN
ARDC	-0.68	-0.72		0.25	-0.26	-0.68	-0.65	0.18	0.76	0.0	ARDC
RFI	-0.16	-0.07	0.25		-0.46	-0.35	-0.2	0.43	0.53	0.58	RFI
MXXVX	0.62	0.5	-0.26	-0.46		0.78	0.6	0.13	-0.62	0.04	MXXVX
GBFAX	0.93	0.89	-0.68	-0.35	0.78		0.93	0.09	-0.81	0.22	GBFAX
FICNX	0.93	0.97	-0.65	-0.2	0.6	0.93		0.17	-0.77	0.33	FICNX
NPCT	0.14	0.25	0.18	0.43	0.13	0.09	0.17		0.02	0.4	NPCT
ODMCX	-0.71	-0.75	0.76	0.53	-0.62	-0.81	-0.77	0.02		0.23	ODMCX
LBGIX	0.41	0.39	0.0	0.58	0.04	0.22	0.33	0.4	0.23		LBGIX
	HAVGX	MHN	ARDC	RFI	MXXVX	GBFAX	FICNX	NPCT	ODMCX	LBGIX

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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

FICNX	+ 0.97	MHN
GBFAX	+ 0.93	HAVGX
FICNX	+ 0.93	HAVGX
FICNX	+ 0.93	GBFAX
MHN	+ 0.92	HAVGX
GBFAX	+ 0.89	MHN

High negative correlations

ODMCX	- 0.81	GBFAX
ODMCX	- 0.77	FICNX
ODMCX	- 0.75	MHN
ARDC	- 0.72	MHN
ODMCX	- 0.71	HAVGX
GBFAX	- 0.68	ARDC

Risk-Adjusted Indicators

There is a big difference between Poplar Mutual Fund performing well and Poplar Forest 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 Poplar Forest'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
HAVGX	0.40	0.00	(0.09)	0.12	0.41	(0.43)	1.04	(0.75)	3.26
MHN	0.47	0.11	(0.02)	(6.29)	0.30	(0.56)	1.16	(0.73)	3.58
ARDC	0.42	(0.06)	0.00	(0.15)	0.00	0.00	0.88	(1.16)	2.47
RFI	0.46	(0.07)	0.00	(0.05)	0.00	0.00	0.94	(1.08)	3.23
MXXVX	0.77	0.14	(0.01)	(0.56)	0.98	(0.78)	1.87	(1.56)	6.64
GBFAX	0.68	0.16	0.04	71.78	0.80	(0.75)	1.61	(0.93)	4.88
FICNX	0.11	0.04	(0.64)	(7.60)	0.00	(0.16)	0.27	(0.18)	0.65
NPCT	0.40	0.01	(0.28)	0.05	0.44	(0.44)	0.66	(0.65)	2.81
ODMCX	0.77	(0.19)	0.00	(0.03)	0.00	0.00	1.74	(1.35)	5.20
LBGIX	0.73	(0.11)	(0.10)	0.03	0.87	(0.80)	1.21	(1.22)	5.06

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