Fpa Queens Correlations

QRSIX Fund

USD 43.70 0.13 0.30%

The current 90-days correlation between Fpa Queens Road and Vanguard Small Cap Value is 0.93 (i.e., Almost no diversification). The correlation of Fpa Queens 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.

Fpa Queens Correlation With Market

Poor diversification

The correlation between Fpa Queens Road and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fpa Queens Road and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Fpa Queens Road. 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 Fpa Mutual Fund

1.0	QRSAX	Fpa Queens Road	Pair Corr
1.0	QRSVX	Queens Road Small	Pair Corr
0.76	FPACX	Fpa Crescent	Pair Corr
0.76	FPCSX	Fpa Crescent	Pair Corr
0.77	FPFRX	Fpa Crescent	Pair Corr
0.94	VSIIX	Vanguard Small Cap	Pair Corr
0.94	VISVX	Vanguard Small Cap	Pair Corr
0.92	DFSVX	Us Small Cap	Pair Corr
0.93	DFFVX	Us Targeted Value	Pair Corr
0.67	UBVCX	Undiscovered Managers	Pair Corr
0.68	UBVAX	Undiscovered Managers	Pair Corr
0.68	UBVSX	Undiscovered Managers	Pair Corr
0.95	AVFIX	American Beacon Small	Pair Corr
0.79	PWDCX	Power Dividend Index	Pair Corr
0.73	OANBX	Oakmark Equity And	Pair Corr
0.93	JVMIX	John Hancock Disciplined	Pair Corr

Related Correlations Analysis

	VISVX	DFFVX	AVFIX	444859BR2	BRRAY	LBHIX	MSTSX	ABHYX	SCAXF	VIASP
VISVX		0.95	0.94	0.03	-0.16	0.75	0.71	0.46	0.04	0.51	VISVX
DFFVX	0.95		0.98	0.19	-0.16	0.61	0.5	0.24	-0.2	0.33	DFFVX
AVFIX	0.94	0.98		0.15	-0.22	0.56	0.49	0.19	-0.22	0.29	AVFIX
444859BR2	0.03	0.19	0.15		-0.24	-0.14	-0.4	-0.43	-0.69	-0.4	444859BR2
BRRAY	-0.16	-0.16	-0.22	-0.24		-0.1	-0.07	0.03	0.24	0.05	BRRAY
LBHIX	0.75	0.61	0.56	-0.14	-0.1		0.84	0.83	0.33	0.64	LBHIX
MSTSX	0.71	0.5	0.49	-0.4	-0.07	0.84		0.85	0.58	0.66	MSTSX
ABHYX	0.46	0.24	0.19	-0.43	0.03	0.83	0.85		0.69	0.68	ABHYX
SCAXF	0.04	-0.2	-0.22	-0.69	0.24	0.33	0.58	0.69		0.63	SCAXF
VIASP	0.51	0.33	0.29	-0.4	0.05	0.64	0.66	0.68	0.63		VIASP
	VISVX	DFFVX	AVFIX	444859BR2	BRRAY	LBHIX	MSTSX	ABHYX	SCAXF	VIASP

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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

AVFIX	+ 0.98	DFFVX
DFFVX	+ 0.95	VISVX
AVFIX	+ 0.94	VISVX
ABHYX	+ 0.85	MSTSX
MSTSX	+ 0.84	LBHIX
ABHYX	+ 0.83	LBHIX

High negative correlations

SCAXF	- 0.69	444859BR2
ABHYX	- 0.43	444859BR2
VIASP	- 0.4	444859BR2
MSTSX	- 0.4	444859BR2
BRRAY	- 0.24	444859BR2
SCAXF	- 0.22	AVFIX

Risk-Adjusted Indicators

There is a big difference between Fpa Mutual Fund performing well and Fpa Queens 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 Fpa Queens' 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
VISVX	0.73	(0.06)	(0.03)	0.05	0.76	(0.85)	1.74	(1.13)	6.12
DFFVX	0.80	(0.06)	(0.02)	0.05	0.85	(1.02)	1.83	(1.25)	7.58
AVFIX	0.87	(0.09)	(0.03)	0.04	0.95	(0.99)	2.15	(1.47)	7.77
444859BR2	0.53	(0.10)	0.00	(8.53)	0.00	0.00	0.89	(1.83)	6.04
BRRAY	1.01	0.09	0.00	(0.13)	0.00	0.00	0.00	0.00	49.63
LBHIX	0.12	(0.01)	(0.30)	0.04	0.07	(0.28)	0.24	(0.23)	1.17
MSTSX	0.47	(0.04)	(0.06)	0.05	0.63	(0.48)	1.08	(1.04)	3.97
ABHYX	0.15	0.05	(0.22)	4.72	0.00	(0.25)	0.46	(0.23)	0.94
SCAXF	2.29	1.20	0.00	(3.80)	0.00	0.00	0.00	0.00	54.55
VIASP	0.42	0.03	(0.08)	0.42	0.57	(0.41)	1.03	(0.96)	3.04

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