Bogle Small Correlations

BOGIX Fund

USD 32.25 0.57 1.80%

The current 90-days correlation between Bogle Small Cap and Sentinel International Equity is 0.51 (i.e., Very weak diversification). The correlation of Bogle Small 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.

Bogle Small Correlation With Market

Poor diversification

The correlation between Bogle Small Cap and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bogle Small Cap 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 Bogle Small Cap. 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 Bogle Mutual Fund

0.62	SGICX	Summit Global Investments	Pair Corr
0.66	SILVX	Summit Global Investments	Pair Corr
0.98	VSMAX	Vanguard Small Cap	Pair Corr
0.76	VSCIX	Vanguard Small Cap	Pair Corr
0.98	VSCPX	Vanguard Small Cap	Pair Corr
0.98	NAESX	Vanguard Small Cap	Pair Corr
0.75	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr
0.98	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.78	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.76	PASVX	T Rowe Price	Pair Corr
0.89	PRVIX	T Rowe Price	Pair Corr
0.88	GICAX	Goldman Sachs Intern	Pair Corr
0.77	GMEMX	Gmo Emerging Markets	Pair Corr
0.72	OGICX	Oppenheimer Global Growth	Pair Corr
0.79	IHD	Voya Emerging Markets	Pair Corr
0.73	GTCIX	International Portfolio	Pair Corr
0.74	TWN	Taiwan Closed	Pair Corr
0.81	JRARX	Janus Henderson Research	Pair Corr
0.88	DHIAX	Diamond Hill Interna	Pair Corr
0.78	TRMIX	T Rowe Price	Pair Corr
0.74	BBGLX	Bridge Builder Large	Pair Corr
0.8	CGFFX	Growth Fund	Pair Corr
0.76	REIZX	Third Avenue Interna	Pair Corr
0.79	SMGAX	Saat Servative Strategy	Pair Corr
0.67	FSAGX	Gold Portfolio Gold	Pair Corr
0.92	PRSLX	T Rowe Price	Pair Corr
0.84	OTCCX	Mfs Mid Cap	Pair Corr
0.89	WIAEX	Wasatch Small Cap	Pair Corr

Moving against Bogle Mutual Fund

0.98	UIPIX	Ultrashort Mid Cap	Pair Corr
0.77	CESGX	Coho Relative Value	Pair Corr
0.57	USPSX	Profunds Ultrashort	Pair Corr
0.56	USPIX	Profunds Ultrashort	Pair Corr
0.53	TCSUX	Cleartrack 2020 Class	Pair Corr
0.43	TCTGX	Transamerica Cleartrack	Pair Corr
0.42	TCTJX	Transamerica Cleartrack	Pair Corr
0.41	TDKTX	Cleartrack 2015 Class	Pair Corr

Related Correlations Analysis

	SWFCX	RYIPX	WIGTX	EKGIX	CGO	TPZ	IHD	MCN	TCMIX
SWFCX		0.06	0.0	0.9	0.3	-0.69	0.75	0.53	0.72	SWFCX
RYIPX	0.06		0.0	0.39	0.74	0.05	0.46	0.79	0.71	RYIPX
WIGTX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	WIGTX
EKGIX	0.9	0.39	0.0		0.51	-0.58	0.84	0.74	0.89	EKGIX
CGO	0.3	0.74	0.0	0.51		-0.04	0.75	0.76	0.75	CGO
TPZ	-0.69	0.05	0.0	-0.58	-0.04		-0.38	-0.22	-0.36	TPZ
IHD	0.75	0.46	0.0	0.84	0.75	-0.38		0.75	0.88	IHD
MCN	0.53	0.79	0.0	0.74	0.76	-0.22	0.75		0.9	MCN
TCMIX	0.72	0.71	0.0	0.89	0.75	-0.36	0.88	0.9		TCMIX
	SWFCX	RYIPX	WIGTX	EKGIX	CGO	TPZ	IHD	MCN	TCMIX

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

EKGIX	+ 0.9	SWFCX
TCMIX	+ 0.9	MCN
TCMIX	+ 0.89	EKGIX
TCMIX	+ 0.88	IHD
IHD	+ 0.84	EKGIX
MCN	+ 0.79	RYIPX

High negative correlations

TPZ	- 0.69	SWFCX
TPZ	- 0.58	EKGIX
IHD	- 0.38	TPZ
TCMIX	- 0.36	TPZ
MCN	- 0.22	TPZ
TPZ	- 0.04	CGO

Risk-Adjusted Indicators

There is a big difference between Bogle Mutual Fund performing well and Bogle Small 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 Bogle Small'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
SWFCX	0.59	0.20	0.27	0.34	0.18	(0.72)	1.37	(1.11)	6.27
RYIPX	0.45	(0.04)	(0.15)	(0.01)	0.57	(0.47)	1.00	(0.91)	2.26
WIGTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EKGIX	0.59	0.05	0.06	0.14	0.57	(0.65)	1.69	(0.96)	3.88
CGO	0.71	(0.05)	(0.06)	0.03	0.99	(0.71)	1.26	(1.63)	4.15
TPZ	0.71	(0.07)	0.00	(0.08)	0.00	0.00	1.46	(1.59)	3.58
IHD	0.71	0.13	0.09	0.38	0.54	(0.85)	1.62	(1.29)	3.26
MCN	0.57	(0.05)	(0.12)	0.00	0.71	(0.58)	1.00	(1.23)	3.01
TCMIX	0.54	0.02	(0.02)	0.13	0.60	(0.56)	1.01	(1.21)	3.08

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