Queens Road Correlations

QRVLX Fund

USD 28.39 0.61 2.10%

The current 90-days correlation between Queens Road Value and Jpmorgan High Yield is 0.67 (i.e., Poor diversification). The correlation of Queens Road 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.

Queens Road Correlation With Market

Almost no diversification

The correlation between Queens Road Value and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Queens Road Value 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 Queens Road Value. 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 bureau of economic analysis.

Moving together with Queens Mutual Fund

0.8	PTY	Pimco Corporate Income	Pair Corr
0.97	QRSAX	Fpa Queens Road	Pair Corr
0.97	QRSIX	Fpa Queens Road	Pair Corr
0.97	QRSVX	Queens Road Small	Pair Corr
0.84	FPACX	Fpa Crescent	Pair Corr
0.84	FPCSX	Fpa Crescent	Pair Corr
0.84	FPFRX	Fpa Crescent	Pair Corr
0.95	VVIAX	Vanguard Value Index	Pair Corr
0.83	DOXGX	Dodge Cox Stock Potential Growth	Pair Corr
0.79	AFMFX	American Mutual	Pair Corr
0.79	FFMMX	American Funds American	Pair Corr
0.92	FFFMX	American Funds American	Pair Corr
0.92	AMRMX	American Mutual	Pair Corr
0.79	AMFFX	American Mutual	Pair Corr
0.92	AMFCX	American Mutual	Pair Corr
0.83	DODGX	Dodge Stock Fund Potential Growth	Pair Corr
0.84	VIVAX	Vanguard Value Index	Pair Corr
0.86	CISGX	Touchstone Sands Capital	Pair Corr

Moving against Queens Mutual Fund

0.8	FPNRX	Fpa New Income	Pair Corr
0.8	FPNIX	Fpa New Income	Pair Corr
0.79	FFIAX	Fpa Flexible Fixed	Pair Corr
0.76	FPFIX	Fpa Flexible Fixed	Pair Corr
0.88	EMPIX	Ambassador Fund	Pair Corr
0.83	ILBPX	Voya Limited Maturity	Pair Corr
0.76	UGSFX	Us Government Securities	Pair Corr
0.72	ANGLX	Angel Oak Multi	Pair Corr
0.71	RILFX	American Funds Inflation	Pair Corr
0.7	MIDSX	Midas Fund Midas	Pair Corr
0.68	TREIX	Thrivent Natural Res	Pair Corr
0.65	PMPIX	Precious Metals Ultr	Pair Corr
0.65	PMPSX	Precious Metals Ultr	Pair Corr
0.65	FGADX	Franklin Gold Precious	Pair Corr
0.65	FGPMX	Franklin Gold And	Pair Corr
0.64	VBTIX	Vanguard Total Bond	Pair Corr
0.61	ABNCX	Ab Bond Inflation	Pair Corr
0.38	PIINX	Pimco Income	Pair Corr
0.35	IBRAX	Vy Blackrock Inflation	Pair Corr

Related Correlations Analysis

	JYHRX	DMHIX	PHDTX	NHIEX	ABHIX	CYBAX	IPIMX
JYHRX		0.75	0.98	0.91	0.96	0.97	0.97	JYHRX
DMHIX	0.75		0.77	0.86	0.77	0.75	0.76	DMHIX
PHDTX	0.98	0.77		0.94	0.98	0.96	0.96	PHDTX
NHIEX	0.91	0.86	0.94		0.93	0.93	0.93	NHIEX
ABHIX	0.96	0.77	0.98	0.93		0.98	0.98	ABHIX
CYBAX	0.97	0.75	0.96	0.93	0.98		0.99	CYBAX
IPIMX	0.97	0.76	0.96	0.93	0.98	0.99		IPIMX
	JYHRX	DMHIX	PHDTX	NHIEX	ABHIX	CYBAX	IPIMX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Queens Mutual Fund performing well and Queens Road 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 Queens Road'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
JYHRX	0.18	0.00	0.00	(0.21)	0.00	0.00	0.31	(0.47)	1.39
DMHIX	0.41	(0.05)	0.00	0.62	0.00	0.00	0.61	(1.87)	4.97
PHDTX	0.17	(0.01)	0.00	(0.28)	0.00	0.00	0.23	(0.34)	1.37
NHIEX	0.20	0.00	0.37	(0.24)	0.33	(0.23)	0.54	(0.40)	1.86
ABHIX	0.19	0.00	0.00	(0.19)	0.00	0.00	0.40	(0.40)	1.58
CYBAX	0.18	0.00	0.00	(0.15)	0.00	0.00	0.45	(0.37)	1.38
IPIMX	0.20	0.00	0.00	(0.14)	0.00	0.00	0.46	(0.35)	1.62

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