Value Fund Correlations

Mutual Funds . USA . 
Fund . Value Fund R
AVURX Fund  USD 8.89  0.06  0.68%   
The current 90-days correlation between Value Fund R and International Growth Fund is 0.47 (i.e., Very 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 poor diversification

The correlation between Value Fund R and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund R 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 Value Fund R. 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 metropolitan statistical area.

Moving together with Value Mutual Fund

  0.94AMDVX Mid Cap ValuePairCorr
  0.92AMEIX Equity GrowthPairCorr
  0.97AMGIX Income GrowthPairCorr
  1.0TWADX Value Fund APairCorr
  0.88TWCCX Ultra Fund CPairCorr
  0.87TWCAX Select Fund APairCorr
  0.87TWCIX Select Fund InvestorPairCorr
  0.87TWCGX Growth Fund InvestorPairCorr
  0.94AMVYX Mid Cap ValuePairCorr
  0.93AMVRX Mid Cap ValuePairCorr
  0.77TWBIX Balanced Fund InvestorPairCorr
  0.94AMVGX Mid Cap ValuePairCorr
  0.92TWEAX Equity IncomePairCorr
  0.92TWEIX Equity IncomePairCorr
  0.88TWCUX Ultra Fund InvestorPairCorr
  0.87TWGIX Growth Fund IPairCorr
  0.92TWHIX Heritage Fund InvestorPairCorr
  0.86TWRCX Growth Fund CPairCorr
  0.76TWSCX Strategic AllocationPairCorr
  0.91TWSAX Strategic AllocationPairCorr
  0.88TWSMX Strategic AllocationPairCorr
  0.87TWSIX Select Fund IPairCorr
  1.0TWVLX Value Fund InvestorPairCorr
  0.88TWUAX Ultra Fund APairCorr
  0.88TWUIX Ultra Fund IPairCorr
  0.62NPHIX High Income FundPairCorr

Moving against Value Mutual Fund

  0.7CDBCX Diversified BondPairCorr
  0.55TWACX Short Term GovernmentPairCorr
  0.54TWARX Short Term GovernmentPairCorr
  0.52TWAVX Short Term GovernmentPairCorr
  0.48TWGAX International GrowthPairCorr
  0.48TWIEX International GrowthPairCorr
  0.41TWTCX Intermediate Term TaxPairCorr
  0.31TWTIX Intermediate Term TaxPairCorr
  0.61ANTUX Nt Non IntrinsicPairCorr
  0.61ANVRX American Century NonPairCorr
  0.61ANVMX American Century NonPairCorr
  0.61ANVLX American Century NonPairCorr
  0.61ANVHX American Century NonPairCorr
  0.6ANTGX Nt Non IntrinsicPairCorr
  0.45TWUOX Short Term GovernmentPairCorr
  0.43TWUSX Short Term GovernmentPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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   
TWCUX
+ 0.99
TWCGX
TWSAX
+ 0.94
TWCGX
TWSAX
+ 0.92
TWCUX
  
High negative correlations   
TWCUX
- 0.5
TWIEX
TWCGX
- 0.43
TWIEX
TWSAX
- 0.28
TWIEX

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY