Value Fund Correlations
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.
Value |
Moving together with Value Mutual Fund
0.97 | UICGX | Capital Growth | PairCorr |
0.96 | UIEMX | Emerging Markets | PairCorr |
0.96 | UIHIX | High Income Fund | PairCorr |
0.91 | UIIFX | International Fund | PairCorr |
0.98 | UIGIX | Growth Income | PairCorr |
0.96 | UIGRX | Growth Fund Growth | PairCorr |
0.74 | UIINX | Income Fund Income | PairCorr |
1.0 | UIISX | Income Stock | PairCorr |
0.69 | UIITX | Intermediate Term Bond | PairCorr |
0.66 | UISBX | Short Term Bond | PairCorr |
0.99 | UISCX | Small Cap Stock | PairCorr |
0.96 | URHIX | High Income Fund | PairCorr |
0.96 | URNQX | Nasdaq 100 Index | PairCorr |
0.66 | URSBX | Short Term Bond | PairCorr |
0.68 | URUSX | Ultra Short Term | PairCorr |
0.98 | USPRX | Sp 500 Index | PairCorr |
0.99 | VVIAX | Vanguard Value Index | PairCorr |
0.99 | DOXGX | Dodge Cox Stock | PairCorr |
0.98 | AFMFX | American Mutual | PairCorr |
0.98 | FFMMX | American Funds American | PairCorr |
0.98 | FFFMX | American Funds American | PairCorr |
0.98 | AMRMX | American Mutual | PairCorr |
0.67 | AMFFX | American Mutual | PairCorr |
0.98 | AMFCX | American Mutual | PairCorr |
0.99 | DODGX | Dodge Stock Fund | PairCorr |
0.99 | VIVAX | Vanguard Value Index | PairCorr |
0.95 | ASG | Liberty All Star | PairCorr |
0.86 | IIF | Morgan Stanley India | PairCorr |
0.95 | CII | Blackrock Enhanced | PairCorr |
0.95 | ETV | Eaton Vance Tax | PairCorr |
0.91 | CLM | Cornerstone Strategic | PairCorr |
0.92 | CRF | Cornerstone Strategic | PairCorr |
0.94 | USA | Liberty All Star | PairCorr |
0.96 | ETY | Eaton Vance Tax | PairCorr |
Related Correlations Analysis
0.86 | 0.93 | 0.83 | 0.96 | 0.93 | FIKAX | ||
0.86 | 0.8 | 0.93 | 0.85 | 0.93 | PDX | ||
0.93 | 0.8 | 0.87 | 0.97 | 0.94 | GMOWX | ||
0.83 | 0.93 | 0.87 | 0.89 | 0.96 | PSPFX | ||
0.96 | 0.85 | 0.97 | 0.89 | 0.95 | SEPIX | ||
0.93 | 0.93 | 0.94 | 0.96 | 0.95 | IGNAX | ||
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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.Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
FIKAX | 0.98 | 0.15 | (0.05) | (6.35) | 0.96 | 2.02 | 4.83 | |||
PDX | 0.79 | 0.19 | 0.01 | 3.30 | 0.64 | 2.11 | 5.84 | |||
GMOWX | 1.17 | 0.28 | 0.08 | 2.00 | 1.01 | 2.81 | 7.36 | |||
PSPFX | 0.67 | 0.20 | 0.05 | 1.32 | 0.25 | 1.84 | 3.42 | |||
SEPIX | 0.73 | 0.13 | (0.10) | (1.58) | 0.65 | 1.41 | 3.53 | |||
IGNAX | 0.72 | 0.20 | 0.01 | 4.46 | 0.34 | 1.87 | 3.09 |