Blue Chip Correlations

BCIFX Fund

USD 214.28 2.04 0.96%

The current 90-days correlation between Blue Chip Investor and Simt Multi Asset Inflation is -0.13 (i.e., Good diversification). The correlation of Blue Chip 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 Chip Correlation With Market

Very weak diversification

The correlation between Blue Chip Investor and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Blue Chip Investor 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 Chip Investor. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Blue Mutual Fund

0.77	AFMFX	American Mutual	Pair Corr
0.77	FFMMX	American Funds American	Pair Corr
0.77	FFFMX	American Funds American	Pair Corr
0.77	AMRMX	American Mutual	Pair Corr
0.8	AMFFX	American Mutual	Pair Corr
0.81	AMFCX	American Mutual	Pair Corr
0.73	DODGX	Dodge Stock Fund	Pair Corr
0.73	PG	Procter Gamble	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.61	JNJ	Johnson Johnson	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.72	DD	Dupont De Nemours Earnings Call This Week	Pair Corr

Moving against Blue Mutual Fund

0.4

CSCO

Cisco Systems

Pair Corr

Related Correlations Analysis

	SLFYX	QMHIX	AMFAX	TCILX	ATACX	QCILIX	RYIFX	LIFAX
SLFYX		0.1	0.14	0.48	-0.08	0.49	-0.18	0.8	SLFYX
QMHIX	0.1		0.81	-0.14	-0.29	-0.11	0.83	0.46	QMHIX
AMFAX	0.14	0.81		-0.14	-0.06	-0.13	0.53	0.39	AMFAX
TCILX	0.48	-0.14	-0.14		0.49	1.0	-0.27	0.53	TCILX
ATACX	-0.08	-0.29	-0.06	0.49		0.48	-0.41	0.0	ATACX
QCILIX	0.49	-0.11	-0.13	1.0	0.48		-0.25	0.55	QCILIX
RYIFX	-0.18	0.83	0.53	-0.27	-0.41	-0.25		0.17	RYIFX
LIFAX	0.8	0.46	0.39	0.53	0.0	0.55	0.17		LIFAX
	SLFYX	QMHIX	AMFAX	TCILX	ATACX	QCILIX	RYIFX	LIFAX

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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

QCILIX	+ 1.0	TCILX
RYIFX	+ 0.83	QMHIX
AMFAX	+ 0.81	QMHIX
LIFAX	+ 0.8	SLFYX
LIFAX	+ 0.55	QCILIX
RYIFX	+ 0.53	AMFAX

High negative correlations

RYIFX	- 0.41	ATACX
ATACX	- 0.29	QMHIX
RYIFX	- 0.27	TCILX
RYIFX	- 0.25	QCILIX
RYIFX	- 0.18	SLFYX
TCILX	- 0.14	AMFAX

Risk-Adjusted Indicators

There is a big difference between Blue Mutual Fund performing well and Blue Chip 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 Chip'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
SLFYX	0.18	0.01	(0.31)	2.09	0.10	(0.24)	0.39	(0.39)	0.91
QMHIX	0.64	0.12	0.03	3.67	0.84	(0.67)	1.36	(1.30)	3.96
AMFAX	0.47	0.03	(0.07)	0.34	0.54	(0.54)	0.82	(0.92)	2.78
TCILX	0.13	0.00	(0.44)	0.08	0.09	(0.20)	0.39	(0.29)	0.98
ATACX	0.89	0.01	0.02	0.10	0.95	(1.01)	2.15	(1.68)	10.18
QCILIX	0.13	0.00	(0.50)	0.09	0.10	(0.15)	0.35	(0.32)	0.91
RYIFX	0.46	0.06	(0.06)	(0.71)	0.51	(0.53)	1.00	(1.21)	2.67
LIFAX	0.11	0.01	(0.50)	0.25	0.00	(0.15)	0.26	(0.17)	0.78

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