Blue Current Correlations

Mutual Funds . USA . 
Fund . Blue Current Global
BCGDX Fund  USD 19.86  0.07  0.35%   
The current 90-days correlation between Blue Current Global and T Rowe Price is 0.45 (i.e., Very weak diversification). The correlation of Blue Current 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.

Blue Current Correlation With Market

Almost no diversification

The correlation between Blue Current Global and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Current Global 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 Blue Current Global. 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 private.

Moving together with Blue Mutual Fund

  0.92TEDRX Franklin Mutual GlobalPairCorr
  0.93FMDRX Franklin Mutual GlobalPairCorr
  0.91DODWX Dodge Global StockPairCorr
  0.91DOXWX Dodge Cox GlobalPairCorr
  0.93PRAFX T Rowe PricePairCorr
  0.93TRZRX T Rowe PricePairCorr
  0.97TEDIX Franklin Mutual GlobalPairCorr
  0.93MDISX Franklin Mutual GlobalPairCorr
  0.92TEDSX Franklin Mutual GlobalPairCorr
  0.95BEGRX Franklin Mutual BeaconPairCorr
  0.75SMPIX Semiconductor Ultrasector Steady GrowthPairCorr
  0.8SMPSX Semiconductor Ultrasector Steady GrowthPairCorr
  0.92PMPIX Precious Metals UltrPairCorr
  0.92PMPSX Precious Metals UltrPairCorr
  0.94FGADX Franklin Gold PreciousPairCorr
  0.94FGPMX Franklin Gold AndPairCorr
  0.94OCMGX Ocm Mutual FundPairCorr
  0.93INIYX International InvestorsPairCorr
  0.9FKRCX Franklin Gold PreciousPairCorr
  0.94OCMAX Ocm Mutual FundPairCorr
  0.97MMNBX MmnbxPairCorr
  0.88AZTYX Aquila Tax FreePairCorr
  0.93VELAX Vela Large CapPairCorr
  0.93MSCLX Massmutual Premier SmallPairCorr
  0.91BXDLX Massmutual Short-durationPairCorr
  0.92SIGVX Ridgeworth Seix GovePairCorr
  0.9CWGIX Capital World GrowthPairCorr
  0.75TEMZX Templeton Emerging Steady GrowthPairCorr
  0.87MOSYX Massmutual SelectPairCorr
  0.87MSDNX Massmutual PremierPairCorr
  0.86SBTIX Salient Tactical PlusPairCorr
  0.94MOSSX Massmutual SelectPairCorr
  0.92SRJQX Jpmorgan SmartretirementPairCorr
  0.96HILIX Hartford InternaPairCorr
  0.9PAADX Putnam Dynamic AssetPairCorr
  0.87RMBHX Rmb Fund APairCorr
  0.93DLHYX Massmutual Premier HighPairCorr
  0.87TWUOX Short Term GovernmentPairCorr
  0.93MPHSX Massmutual Premier HighPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Current 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 Blue Current'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.

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