Value Line Correlations

VALSX Fund

USD 34.32 0.66 1.89%

The current 90-days correlation between Value Line Premier and Green Century Balanced is 0.72 (i.e., Poor diversification). The correlation of Value Line 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 Line Correlation With Market

Poor diversification

The correlation between Value Line Premier 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 Value Line Premier 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 Line Premier. 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 main economic indicators.

For more information on how to buy Value Mutual Fund please use our How to Invest in Value Line guide.

Moving together with Value Mutual Fund

0.93	VILSX	Value Line Select	Pair Corr
0.95	VLAAX	Value Line Asset Potential Growth	Pair Corr
0.95	VLAIX	Value Line Asset Potential Growth	Pair Corr

Moving against Value Mutual Fund

0.9	VALIX	Value Line Income	Pair Corr
0.9	VLIIX	Value Line Income	Pair Corr
0.89	VAGIX	Value Line E	Pair Corr
0.87	VLLIX	Value Line Larger	Pair Corr
0.87	GFAFX	Growth Fund	Pair Corr
0.87	AGTHX	Growth Fund	Pair Corr
0.86	VALLX	Value Line Larger	Pair Corr
0.86	CGFCX	Growth Fund	Pair Corr
0.84	FAFGX	American Funds	Pair Corr
0.84	FFAFX	American Funds	Pair Corr
0.84	CGFFX	Growth Fund	Pair Corr
0.83	GFACX	Growth Fund	Pair Corr
0.93	PRPDX	Permanent Portfolio Class	Pair Corr
0.93	DMNIX	Delaware Tax Free	Pair Corr
0.92	FGPMX	Franklin Gold And	Pair Corr
0.92	FRGOX	Franklin Gold Precious	Pair Corr
0.92	MIDSX	Midas Fund Midas	Pair Corr
0.91	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.9	PMPIX	Precious Metals Ultr	Pair Corr
0.9	PMPSX	Precious Metals Ultr	Pair Corr
0.9	FFUYUX	Ffuyux	Pair Corr
0.88	AMECX	Income Fund	Pair Corr
0.87	CGFAX	Growth Fund	Pair Corr
0.87	CGFEX	Growth Fund	Pair Corr
0.85	VFIAX	Vanguard 500 Index	Pair Corr
0.84	RGAEX	Growth Fund	Pair Corr
0.84	BBISX	Sterling Capital Beh	Pair Corr
0.82	MXBPX	Great West Moderately	Pair Corr
0.82	SFNNX	Schwab Fundamental	Pair Corr
0.73	EVUAX	Wells Fargo Advantage	Pair Corr
0.57	DTSVX	Small Pany Value	Pair Corr

Related Correlations Analysis

	GCBLX	PRLAX	TRRVX	SWHRX	CSSZX	TRFOX	WOGSX	WMKGX	MVF	WMICX
GCBLX		0.89	0.98	0.97	0.81	0.99	0.98	0.96	0.83	0.96	GCBLX
PRLAX	0.89		0.9	0.88	0.81	0.9	0.91	0.81	0.75	0.9	PRLAX
TRRVX	0.98	0.9		1.0	0.77	0.99	0.97	0.97	0.91	0.95	TRRVX
SWHRX	0.97	0.88	1.0		0.73	0.99	0.96	0.97	0.92	0.93	SWHRX
CSSZX	0.81	0.81	0.77	0.73		0.77	0.8	0.63	0.5	0.89	CSSZX
TRFOX	0.99	0.9	0.99	0.99	0.77		0.97	0.97	0.88	0.95	TRFOX
WOGSX	0.98	0.91	0.97	0.96	0.8	0.97		0.94	0.83	0.93	WOGSX
WMKGX	0.96	0.81	0.97	0.97	0.63	0.97	0.94		0.91	0.89	WMKGX
MVF	0.83	0.75	0.91	0.92	0.5	0.88	0.83	0.91		0.79	MVF
WMICX	0.96	0.9	0.95	0.93	0.89	0.95	0.93	0.89	0.79		WMICX
	GCBLX	PRLAX	TRRVX	SWHRX	CSSZX	TRFOX	WOGSX	WMKGX	MVF	WMICX

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Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Line 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 Line'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
GCBLX	0.34	0.00	(0.09)	0.08	0.29	(0.37)	0.75	(0.48)	2.47
PRLAX	0.81	0.12	0.10	0.26	0.79	(0.92)	1.53	(1.52)	5.10
TRRVX	0.21	0.02	(0.15)	0.13	0.00	(0.26)	0.50	(0.28)	1.91
SWHRX	0.24	0.03	(0.09)	0.16	0.00	(0.31)	0.52	(0.37)	1.92
CSSZX	0.87	(0.08)	(0.03)	0.04	0.93	(1.05)	2.06	(1.55)	7.50
TRFOX	0.42	0.01	(0.01)	0.11	0.45	(0.47)	1.17	(0.55)	3.85
WOGSX	0.60	0.00	0.01	0.10	0.65	(0.66)	1.58	(0.84)	4.68
WMKGX	0.58	0.06	0.07	0.15	0.67	(0.62)	1.39	(0.88)	4.86
MVF	0.41	0.11	0.06	1.75	0.00	(0.58)	1.24	(0.61)	2.82
WMICX	0.92	0.02	0.05	0.11	0.82	(1.07)	2.13	(1.30)	6.06

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