Value Fund Correlations

Mutual Funds . USA . 
Fund . Value Fund Value
WVAIX Fund  USD 53.91  0.11  0.20%   
The current 90-days correlation between Value Fund Value and Weitz Ultra Short is -0.08 (i.e., Good 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 -0.07 (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 Your Current Watchlist 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 gross domestic product.

Moving together with Value Mutual Fund

  0.83SAFEX Weitz Ultra ShortPairCorr
  0.77WSHNX Short Duration IncomePairCorr
  0.86WBALX Balanced Fund BalancedPairCorr
  0.99WBAIX Weitz BalancedPairCorr
  0.61WCPBX Core Plus IncomePairCorr
  0.95WVALX Value Fund ValuePairCorr
  0.79WEFIX Short Duration IncomePairCorr
  0.88WNTFX Nebraska Tax FreePairCorr
  0.99WPOIX Partners Iii OpportunityPairCorr
  0.95WPOPX Partners Iii OpportunityPairCorr
  0.99WPVLX Partners ValuePairCorr
  0.99WPVIX Partners ValuePairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.93VFIAX Vanguard 500 IndexPairCorr
  0.95VTSMX Vanguard Total StockPairCorr
  0.93VITSX Vanguard Total StockPairCorr
  0.95VSMPX Vanguard Total StockPairCorr
  0.95VSTSX Vanguard Total StockPairCorr
  0.93VFINX Vanguard 500 IndexPairCorr
  0.95VFFSX Vanguard 500 IndexPairCorr
  0.93VINIX Vanguard InstitutionalPairCorr
  0.93VIIIX Vanguard InstitutionalPairCorr
  0.88SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.88SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.87TTEEX T Rowe PricePairCorr
  0.84TREMX T Rowe PricePairCorr
  0.91FIKGX Fidelity Advisor Sem Steady GrowthPairCorr
  0.89ONERX One Rock FundPairCorr
  0.9FELCX Fidelity Advisor Sem Steady GrowthPairCorr
  0.9FELIX Fidelity Advisor Sem Steady GrowthPairCorr
  0.91FSELX Fidelity Select SemiPairCorr
  0.95RMQAX Monthly RebalancePairCorr
  0.94MMEAX Victory IntegrityPairCorr
  0.93GSTRX Goldman Sachs StrategicPairCorr
  0.84TNLIX 1290 Retirement 2035PairCorr
  0.95PWJBX Pgim Jennison InternPairCorr
  0.89DLY Doubleline Yield OppPairCorr
  0.97ACGCX Income GrowthPairCorr

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.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SAFEX  0.04  0.00  0.00  0.39  0.00 
 0.00 
 0.10 
(0.10)
 0.51 
WSHNX  0.08  0.01 (1.09) 1.42  0.00 
(0.15)
 0.17 
(0.17)
 0.67 
WBALX  0.37  0.03 (0.11) 0.22  0.23 
(0.43)
 0.75 
(0.65)
 3.56 
WCPBX  0.25  0.01 (0.37) 0.89  0.23 
(0.29)
 0.53 
(0.52)
 1.17 
WCPNX  0.24  0.01 (0.38) 0.75  0.25 
(0.26)
 0.53 
(0.42)
 1.17 
WVAIX  0.78  0.13 (0.01)(1.49) 0.87 
(0.78)
 1.76 
(1.70)
 5.85 
WVALX  0.78 (0.03)(0.01) 0.11  0.89 
(0.78)
 1.74 
(1.71)
 5.85 
WEFIX  0.08  0.00 (1.30) 0.00  0.00 
(0.14)
 0.17 
(0.08)
 0.67 
WNTFX  0.09  0.02 (0.59) 1.24  0.00 
(0.14)
 0.21 
(0.10)
 0.64 
WPOPX  0.73 (0.02)(0.02) 0.12  0.79 
(0.81)
 1.73 
(1.84)
 5.08 

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