Appleseed Fund Correlations

APPIX Fund

USD 15.56 0.07 0.45%

The current 90-days correlation between Appleseed Fund Appleseed and Government Securities Fund is -0.03 (i.e., Good diversification). The correlation of Appleseed 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.

Appleseed Fund Correlation With Market

Poor diversification

The correlation between Appleseed Fund Appleseed 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 Appleseed Fund Appleseed and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Appleseed Fund Appleseed. 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 Appleseed Mutual Fund

1.0	APPLX	Appleseed Fund Appleseed	Pair Corr
0.8	SPGSX	State Street Premier	Pair Corr
0.88	RYMDX	Mid Cap 15x	Pair Corr
0.86	AMGOX	Alger Mid Cap	Pair Corr
0.68	RRTLX	T Rowe Price	Pair Corr
0.64	JRI	Nuveen Real Asset	Pair Corr
0.81	FSRFX	Transportation Portfolio	Pair Corr
0.85	IMOPX	Voya Midcap Opportunities	Pair Corr
0.83	VIGAX	Vanguard Growth Index	Pair Corr
0.82	FIKHX	Fidelity Advisor Tec	Pair Corr
0.89	MUTHX	Franklin Mutual Shares	Pair Corr
0.83	RGRYX	Victory Rs Growth	Pair Corr
0.84	VFIAX	Vanguard 500 Index	Pair Corr
0.68	PCF	Putnam High Income	Pair Corr
0.66	FIKAX	Fidelity Advisor Energy	Pair Corr
0.64	MSTSX	Morningstar Unconstrained	Pair Corr
0.88	FBALX	Fidelity Balanced	Pair Corr
0.63	EOD	Allspring Global Dividend	Pair Corr
0.81	WCPSX	Mobile Telecommunicatio	Pair Corr
0.86	CGFFX	Growth Fund	Pair Corr

Moving against Appleseed Mutual Fund

0.59

Korea Closed

Pair Corr

Related Correlations Analysis

	UIGSX	GSOSX	RGVCX	SSAGX	ICAXX	FRQXX	FHNFX
UIGSX		1.0	0.99	-0.53	0.0	-0.78	0.97	UIGSX
GSOSX	1.0		1.0	-0.57	0.0	-0.81	0.97	GSOSX
RGVCX	0.99	1.0		-0.57	0.0	-0.8	0.97	RGVCX
SSAGX	-0.53	-0.57	-0.57		0.0	0.75	-0.53	SSAGX
ICAXX	0.0	0.0	0.0	0.0		0.0	0.0	ICAXX
FRQXX	-0.78	-0.81	-0.8	0.75	0.0		-0.78	FRQXX
FHNFX	0.97	0.97	0.97	-0.53	0.0	-0.78		FHNFX
	UIGSX	GSOSX	RGVCX	SSAGX	ICAXX	FRQXX	FHNFX

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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

GSOSX	+ 1.0	UIGSX
RGVCX	+ 1.0	GSOSX
RGVCX	+ 0.99	UIGSX
FHNFX	+ 0.97	UIGSX
FHNFX	+ 0.97	GSOSX
FHNFX	+ 0.97	RGVCX

High negative correlations

FRQXX	- 0.81	GSOSX
FRQXX	- 0.8	RGVCX
FHNFX	- 0.78	FRQXX
FRQXX	- 0.78	UIGSX
SSAGX	- 0.57	RGVCX
SSAGX	- 0.57	GSOSX

Risk-Adjusted Indicators

There is a big difference between Appleseed Mutual Fund performing well and Appleseed 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 Appleseed 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UIGSX	0.18	(0.01)	0.00	0.31	0.00	0.34	(0.45)	1.03
GSOSX	0.22	(0.02)	0.00	0.39	0.00	0.46	(0.69)	1.40
RGVCX	0.22	(0.02)	0.00	0.39	0.00	0.34	(0.42)	1.48
SSAGX	0.05	0.01	(1.09)	(0.51)	(0.22)	0.10	(0.10)	0.51
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
FRQXX	0.03	0.01	0.00	(0.37)	0.00	0.00	0.00	1.01
FHNFX	0.24	(0.04)	0.00	(0.38)	0.00	0.54	(0.54)	1.63

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