Volumetric Fund Correlations

VOLMX Fund

USD 25.86 0.22 0.86%

The current 90-days correlation between Volumetric Fund Volu and Copeland Risk Managed is 0.45 (i.e., Very weak diversification). The correlation of Volumetric 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.

Volumetric Fund Correlation With Market

Very poor diversification

The correlation between Volumetric Fund Volumetric and DJI is 0.88 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Volumetric Fund Volumetric 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 Volumetric Fund Volumetric. 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 population.

Moving together with Volumetric Mutual Fund

0.89	VTSAX	Vanguard Total Stock	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.9	VTSMX	Vanguard Total Stock	Pair Corr
0.9	VITSX	Vanguard Total Stock	Pair Corr
0.9	VSMPX	Vanguard Total Stock	Pair Corr
0.9	VSTSX	Vanguard Total Stock	Pair Corr
0.8	VFINX	Vanguard 500 Index	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr
0.87	VINIX	Vanguard Institutional	Pair Corr
0.87	VIIIX	Vanguard Institutional	Pair Corr
0.82	HCEGX	Growth Equity	Pair Corr
0.7	DXNLX	Direxion Monthly Nasdaq	Pair Corr
0.77	IRLIX	Voya Russelltm Large	Pair Corr
0.81	LEQIX	Locorr Dynamic Equity	Pair Corr
0.65	FSPGX	Fidelity Large Cap	Pair Corr
0.69	DAFRX	Dunham Floating Rate	Pair Corr
0.84	CMGIX	Blackrock Mid Cap Potential Growth	Pair Corr
0.86	HMSIX	Hennessy Bp Midstream	Pair Corr
0.72	CVGRX	Calamos Growth	Pair Corr
0.81	TEEFX	T Rowe Price	Pair Corr
0.81	LEQCX	Locorr Dynamic Equity	Pair Corr
0.82	WFGGX	Wcm Focused Global	Pair Corr
0.75	FADTX	Fidelity Advisor Tec	Pair Corr
0.88	DRYQX	Dreyfus Research Growth	Pair Corr
0.75	SPEDX	Alger Dynamic Opport	Pair Corr
0.85	FAGIX	Fidelity Capital Income	Pair Corr
0.82	FCVSX	Fidelity Vertible	Pair Corr
0.84	VWENX	Vanguard Wellington	Pair Corr
0.73	OOSYX	Oppenheimer Senior	Pair Corr
0.74	LUSNX	Lord Abbett Ultra	Pair Corr
0.8	FGDKX	Fidelity Growth Discovery	Pair Corr
0.79	CSOIX	Credit Suisse Strategic	Pair Corr

Moving against Volumetric Mutual Fund

0.74	TSMXX	Tsmxx	Pair Corr
0.57	PFHCX	Pacific Funds Small	Pair Corr
0.55	NHS	Neuberger Berman High	Pair Corr
0.31	RBCRX	Rbc Bluebay Absolute	Pair Corr

Related Correlations Analysis

	CDCRX	PKHIX	BCHIX	AGDAX	SGYAX	APDFX	PHDTX
CDCRX		0.35	0.18	-0.4	-0.25	-0.29	-0.12	CDCRX
PKHIX	0.35		0.15	0.19	0.17	0.25	0.25	PKHIX
BCHIX	0.18	0.15		0.48	0.29	0.38	0.49	BCHIX
AGDAX	-0.4	0.19	0.48		0.88	0.95	0.88	AGDAX
SGYAX	-0.25	0.17	0.29	0.88		0.97	0.89	SGYAX
APDFX	-0.29	0.25	0.38	0.95	0.97		0.91	APDFX
PHDTX	-0.12	0.25	0.49	0.88	0.89	0.91		PHDTX
	CDCRX	PKHIX	BCHIX	AGDAX	SGYAX	APDFX	PHDTX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

APDFX	+ 0.97	SGYAX
APDFX	+ 0.95	AGDAX
PHDTX	+ 0.91	APDFX
PHDTX	+ 0.89	SGYAX
SGYAX	+ 0.88	AGDAX
PHDTX	+ 0.88	AGDAX

High negative correlations

AGDAX	- 0.4	CDCRX
APDFX	- 0.29	CDCRX
SGYAX	- 0.25	CDCRX
PHDTX	- 0.12	CDCRX

Risk-Adjusted Indicators

There is a big difference between Volumetric Mutual Fund performing well and Volumetric 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 Volumetric 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
CDCRX	0.78	(0.24)	0.00	(0.21)	0.00	0.00	1.03	(1.12)	15.58
PKHIX	0.08	(0.01)	(0.17)	(1.86)	0.13	(0.17)	0.11	(0.22)	1.23
BCHIX	0.20	(0.04)	0.00	(0.58)	0.00	0.00	0.40	(0.40)	1.63
AGDAX	0.11	0.00	(0.16)	(0.11)	0.07	(0.27)	0.29	(0.29)	1.14
SGYAX	0.13	0.00	(0.16)	0.05	0.05	(0.24)	0.28	(0.28)	1.13
APDFX	0.10	0.00	(0.19)	0.03	0.02	(0.17)	0.22	(0.22)	1.10
PHDTX	0.09	(0.01)	(0.21)	(0.24)	0.14	(0.13)	0.11	(0.22)	0.78

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