Fpa Queens Correlations

QRSIX Fund

USD 38.77 0.45 1.17%

The current 90-days correlation between Fpa Queens Road and Ft 7934 Corporate is -0.09 (i.e., Good 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

Good diversification

The correlation between Fpa Queens Road and DJI is -0.1 (i.e., Good 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
0.97	QRSVX	Queens Road Small	Pair Corr
0.8	QRVLX	Queens Road Value	Pair Corr
0.74	FPACX	Fpa Crescent	Pair Corr
0.76	FPCSX	Fpa Crescent	Pair Corr
0.73	FPFRX	Fpa Crescent	Pair Corr
0.87	VSIIX	Vanguard Small Cap	Pair Corr
0.87	VISVX	Vanguard Small Cap	Pair Corr
0.84	DFSVX	Us Small Cap	Pair Corr
0.9	DFFVX	Us Targeted Value	Pair Corr
0.85	UBVCX	Undiscovered Managers	Pair Corr
0.85	UBVAX	Undiscovered Managers	Pair Corr
0.92	UBVSX	Undiscovered Managers	Pair Corr
0.89	AVFIX	American Beacon Small	Pair Corr

Moving against Fpa Mutual Fund

0.54	FPNRX	Fpa New Income	Pair Corr
0.52	FPNIX	Fpa New Income	Pair Corr
0.5	FPFIX	Fpa Flexible Fixed	Pair Corr
0.49	FFIAX	Fpa Flexible Fixed	Pair Corr
0.9	UIPIX	Ultrashort Mid Cap	Pair Corr
0.88	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.84	USPIX	Profunds Ultrashort Steady Growth	Pair Corr
0.57	TCSUX	Cleartrack 2020 Class	Pair Corr
0.56	FPPPX	American Funds Prese	Pair Corr
0.52	TIIHX	Tiaa Cref Inflation	Pair Corr
0.44	GHIRX	Goldman Sachs Enhanced	Pair Corr
0.4	FTCAX	Templeton Strained Bond	Pair Corr
0.38	PDI	Pimco Dynamic Income	Pair Corr
0.33	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	FZNQEX	VIPIX	FMFTX	WRLDX	RTIUX	BXECX	DIHRX
FZNQEX		0.69	-0.07	0.65	0.75	0.83	0.74	FZNQEX
VIPIX	0.69		-0.04	0.38	0.48	0.5	0.43	VIPIX
FMFTX	-0.07	-0.04		0.55	0.27	0.12	0.28	FMFTX
WRLDX	0.65	0.38	0.55		0.85	0.77	0.85	WRLDX
RTIUX	0.75	0.48	0.27	0.85		0.93	0.96	RTIUX
BXECX	0.83	0.5	0.12	0.77	0.93		0.93	BXECX
DIHRX	0.74	0.43	0.28	0.85	0.96	0.93		DIHRX
	FZNQEX	VIPIX	FMFTX	WRLDX	RTIUX	BXECX	DIHRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DIHRX	+ 0.96	RTIUX
BXECX	+ 0.93	RTIUX
DIHRX	+ 0.93	BXECX
RTIUX	+ 0.85	WRLDX
DIHRX	+ 0.85	WRLDX
BXECX	+ 0.83	FZNQEX

High negative correlations

FMFTX	- 0.07	FZNQEX
FMFTX	- 0.04	VIPIX

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
FZNQEX	0.08	0.00	0.46	0.00	0.00	(0.08)	0.18	(0.16)	0.49
VIPIX	0.22	0.05	0.37	(0.76)	0.00	(0.27)	0.53	(0.42)	1.31
FMFTX	0.87	(0.11)	0.00	(2.40)	0.00	0.00	1.43	(2.01)	7.10
WRLDX	0.56	0.05	0.12	(0.33)	0.70	(0.55)	1.24	(1.26)	2.96
RTIUX	0.61	0.07	0.14	(0.52)	0.70	(0.66)	1.47	(1.41)	5.02
BXECX	0.17	0.05	0.42	(0.88)	0.00	(0.33)	0.55	(0.27)	1.21
DIHRX	0.58	0.11	0.17	0.16	0.59	(0.65)	1.51	(0.99)	3.80

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC