Paradigm Micro Correlations
PVIVX Fund | USD 49.42 0.70 1.44% |
The current 90-days correlation between Paradigm Micro Cap and Paradigm Select Fund is 0.93 (i.e., Almost no diversification). The correlation of Paradigm Micro 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.
Paradigm Micro Correlation With Market
Very poor diversification
The correlation between Paradigm Micro Cap Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paradigm Micro Cap Fund and DJI in the same portfolio, assuming nothing else is changed.
Paradigm |
Moving together with Paradigm Mutual Fund
0.93 | PFSLX | Paradigm Select | PairCorr |
0.94 | PVFAX | Paradigm Value | PairCorr |
0.91 | VSMAX | Vanguard Small Cap | PairCorr |
0.91 | VSCIX | Vanguard Small Cap | PairCorr |
0.91 | VSCPX | Vanguard Small Cap | PairCorr |
0.91 | NAESX | Vanguard Small Cap | PairCorr |
0.89 | FSSNX | Fidelity Small Cap | PairCorr |
0.92 | DFSTX | Us Small Cap | PairCorr |
0.93 | PASVX | T Rowe Price | PairCorr |
0.88 | PRVIX | T Rowe Price | PairCorr |
0.93 | TRZVX | T Rowe Price | PairCorr |
0.88 | PRSVX | T Rowe Price | PairCorr |
0.75 | LIIAX | Columbia Porate Income | PairCorr |
0.74 | SRINX | Columbia Porate Income | PairCorr |
0.83 | WRHIX | Ivy High Income | PairCorr |
0.83 | WHIAX | Ivy High Income | PairCorr |
0.82 | IHIFX | Ivy High Income | PairCorr |
0.83 | IVHIX | Ivy High Income | PairCorr |
0.81 | DEMIX | Delaware Emerging Markets | PairCorr |
0.88 | LBSCX | Columbia Dividend Income | PairCorr |
0.88 | VFINX | Vanguard 500 Index | PairCorr |
0.88 | LEBAX | Blackrock Lifepath Esg | PairCorr |
0.87 | BKDEX | Blackrock Defensive | PairCorr |
0.91 | AOFYX | Alger Small Cap | PairCorr |
0.86 | FWGIX | Capital World Growth | PairCorr |
0.66 | AFMMX | Api Short Term | PairCorr |
0.82 | AIFFX | Aristotle International | PairCorr |
0.85 | CAGEX | Calamos Global Equity | PairCorr |
0.83 | RTNAX | Tax Managed Internat | PairCorr |
0.88 | RYTAX | Technology Fund Class | PairCorr |
0.83 | MASGX | Matthews Asia Esg | PairCorr |
0.82 | TEDHX | Tiaa Cref Emerging | PairCorr |
0.88 | ADVLX | Advisory Research | PairCorr |
0.88 | FFLEX | Fidelity Freedom Index | PairCorr |
0.83 | ACAAX | Alger Capital Apprec | PairCorr |
0.89 | DGAGX | Dreyfus Appreciation | PairCorr |
0.87 | PGILX | Putnam Global Industrials | PairCorr |
0.86 | FIKGX | Fidelity Advisor Sem | PairCorr |
0.86 | AHYLX | High Yield Fund | PairCorr |
Related Correlations Analysis
0.93 | 0.94 | 0.95 | 0.92 | PFSLX | ||
0.93 | 0.94 | 0.95 | 0.97 | NEAGX | ||
0.94 | 0.94 | 0.96 | 0.95 | UMPSX | ||
0.95 | 0.95 | 0.96 | 0.94 | TDVFX | ||
0.92 | 0.97 | 0.95 | 0.94 | ZSCCX | ||
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Paradigm Mutual Fund performing well and Paradigm Micro 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 Paradigm Micro'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
PFSLX | 1.07 | (0.01) | 0.07 | 0.19 | 0.88 | 2.67 | 7.55 | |||
NEAGX | 1.01 | 0.56 | 0.30 | (2.97) | 0.38 | 3.01 | 6.60 | |||
UMPSX | 1.45 | 0.01 | 0.14 | 0.20 | 1.47 | 4.15 | 12.29 | |||
TDVFX | 1.20 | 0.04 | 0.10 | 0.23 | 1.00 | 2.90 | 8.84 | |||
ZSCCX | 0.87 | 0.28 | 0.05 | (1.86) | 0.79 | 2.32 | 5.28 |