Fpa Queens Correlations

QRSIX Fund

USD 43.19 0.38 0.89%

The current 90-days correlation between Fpa Queens Road and Tiaa Cref Real Estate is 0.43 (i.e., Very weak 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 0.71 (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

0.89	VSIIX	Vanguard Small Cap	Pair Corr
0.89	DFSVX	Us Small Cap	Pair Corr
0.89	DFFVX	Us Targeted Value	Pair Corr
0.89	UBVCX	Undiscovered Managers	Pair Corr
0.89	UBVSX	Undiscovered Managers	Pair Corr

Moving against Fpa Mutual Fund

0.45	MCD	McDonalds	Pair Corr
0.45	TRV	The Travelers Companies	Pair Corr
0.32	WMT	Walmart Sell-off Trend	Pair Corr

Related Correlations Analysis

	TRRSX	FIKMX	NRCFX	HLPPX	PNDIX	CNREX	FORFX
TRRSX		0.78	0.78	0.9	0.65	0.82	0.68	TRRSX
FIKMX	0.78		0.88	0.88	0.92	0.78	0.94	FIKMX
NRCFX	0.78	0.88		0.77	0.73	0.77	0.75	NRCFX
HLPPX	0.9	0.88	0.77		0.82	0.86	0.84	HLPPX
PNDIX	0.65	0.92	0.73	0.82		0.69	0.99	PNDIX
CNREX	0.82	0.78	0.77	0.86	0.69		0.73	CNREX
FORFX	0.68	0.94	0.75	0.84	0.99	0.73		FORFX
	TRRSX	FIKMX	NRCFX	HLPPX	PNDIX	CNREX	FORFX

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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
TRRSX	0.61	(0.05)	(0.13)	0.13	0.82	(0.62)	1.64	(1.38)	4.48
FIKMX	0.20	0.06	(0.45)	(2.97)	0.02	(0.24)	0.42	(0.42)	1.35
NRCFX	0.55	0.12	(0.11)	(1.62)	0.65	(0.60)	1.43	(1.18)	3.75
HLPPX	0.58	(0.06)	(0.12)	0.12	0.91	(0.59)	1.33	(1.77)	4.23
PNDIX	0.04	0.00	0.00	0.00	0.00	0.00	0.10	0.00	0.20
CNREX	0.69	(0.01)	(0.04)	0.20	0.76	(0.72)	1.68	(1.57)	4.14
FORFX	0.06	0.04	0.00	2.37	0.00	0.00	0.11	0.00	0.41

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