Value Fund Correlations

Mutual Funds . USA . 
Fund . Value Fund Value
UIVAX Fund  USD 20.05  0.13  0.65%   
The current 90-days correlation between Value Fund Value and Mondrian Emerging Markets is 0.49 (i.e., Very weak diversification). The correlation of Value Fund 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.

Value Fund Correlation With Market

Good diversification

The correlation between Value Fund Value and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund Value and DJI in the same portfolio, assuming nothing else is changed.
  
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Value Fund 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 nation.

Moving together with Value Mutual Fund

  0.98UICGX Capital GrowthPairCorr
  0.96UIEMX Emerging MarketsPairCorr
  0.97UIHIX High Income FundPairCorr
  0.93UIIFX International FundPairCorr
  0.97UIGIX Growth IncomePairCorr
  0.64UIGSX Government SecuritiesPairCorr
  0.96UIGRX Growth Fund GrowthPairCorr
  0.73UIINX Income Fund IncomePairCorr
  0.96UIISX Income StockPairCorr
  0.74UIITX Intermediate Term BondPairCorr
  0.88UISBX Short Term BondPairCorr
  0.96UISCX Small Cap StockPairCorr
  0.97UIWGX World GrowthPairCorr
  0.75URIBX Intermediate Term BondPairCorr
  0.78URIFX Income Fund IncomePairCorr
  0.64URGSX Government SecuritiesPairCorr
  0.97URHIX High Income FundPairCorr
  0.97URNQX Nasdaq 100 IndexPairCorr
  0.89URSBX Short Term BondPairCorr
  0.92URUSX Ultra Short TermPairCorr
  0.97USPRX Sp 500 IndexPairCorr
  0.95UTMAX Target Managed AllocationPairCorr
  0.94UUSIX Ultra Short TermPairCorr
  0.97UGOFX Global Managed VolatilityPairCorr
  0.97UIAGX Aggressive GrowthPairCorr
  0.96VVIAX Vanguard Value IndexPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.97FFMMX American Funds AmericanPairCorr
  0.97FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.98AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.96DODGX Dodge Stock FundPairCorr
  0.96VIVAX Vanguard Value IndexPairCorr
  0.99VSTSX Vanguard Total StockPairCorr
  0.99VSMPX Vanguard Total StockPairCorr
  0.97VITSX Vanguard Total StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Fund 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 Value Fund'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.

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