Value Fund Correlations

Mutual Funds . USA . 
Fund . Value Fund Value
UIVAX Fund  USD 19.96  0.10  0.50%   
The current 90-days correlation between Value Fund Value and Fidelity Advisor Energy is 0.31 (i.e., 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

Very good diversification

The correlation between Value Fund Value and DJI is -0.24 (i.e., Very 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

  0.97UICGX Capital GrowthPairCorr
  0.96UIEMX Emerging MarketsPairCorr
  0.96UIHIX High Income FundPairCorr
  0.91UIIFX International FundPairCorr
  0.98UIGIX Growth IncomePairCorr
  0.96UIGRX Growth Fund GrowthPairCorr
  0.74UIINX Income Fund IncomePairCorr
  1.0UIISX Income StockPairCorr
  0.69UIITX Intermediate Term BondPairCorr
  0.66UISBX Short Term BondPairCorr
  0.99UISCX Small Cap StockPairCorr
  0.96URHIX High Income FundPairCorr
  0.96URNQX Nasdaq 100 IndexPairCorr
  0.66URSBX Short Term BondPairCorr
  0.68URUSX Ultra Short TermPairCorr
  0.98USPRX Sp 500 IndexPairCorr
  0.99VVIAX Vanguard Value IndexPairCorr
  0.99DOXGX Dodge Cox StockPairCorr
  0.98AFMFX American MutualPairCorr
  0.98FFMMX American Funds AmericanPairCorr
  0.98FFFMX American Funds AmericanPairCorr
  0.98AMRMX American MutualPairCorr
  0.67AMFFX American MutualPairCorr
  0.98AMFCX American MutualPairCorr
  0.99DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.95ASG Liberty All StarPairCorr
  0.86IIF Morgan Stanley IndiaPairCorr
  0.95CII Blackrock EnhancedPairCorr
  0.95ETV Eaton Vance TaxPairCorr
  0.91CLM Cornerstone StrategicPairCorr
  0.92CRF Cornerstone StrategicPairCorr
  0.94USA Liberty All StarPairCorr
  0.96ETY Eaton Vance TaxPairCorr

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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