Bogle Small Correlations

BOGIX Fund

USD 30.55 0.21 0.69%

The current 90-days correlation between Bogle Small Cap and Sentinel International Equity is 0.57 (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

Very poor diversification

The correlation between Bogle Small Cap and DJI is 0.8 (i.e., Very 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

0.74	SGPKX	Sgi Peak Growth	Pair Corr
0.67	SILVX	Summit Global Investments	Pair Corr
0.96	VSMAX	Vanguard Small Cap	Pair Corr
0.96	VSCIX	Vanguard Small Cap	Pair Corr
0.96	VSCPX	Vanguard Small Cap	Pair Corr
0.96	NAESX	Vanguard Small Cap	Pair Corr
0.91	FSSNX	Fidelity Small Cap	Pair Corr
0.97	DFSTX	Us Small Cap	Pair Corr
0.97	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.97	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.81	PASVX	T Rowe Price	Pair Corr
0.8	PRVIX	T Rowe Price	Pair Corr
0.74	GPMFX	Guidepath Managed Futures	Pair Corr
0.81	CSPAX	Smallcap World	Pair Corr
0.79	ACETX	Invesco Equity And	Pair Corr
0.66	FGPMX	Franklin Gold And	Pair Corr
0.72	TILWX	Tiaa Cref Large	Pair Corr
0.8	DSMFX	Destinations Small Mid	Pair Corr
0.75	HIMVX	Harbor Mid Cap	Pair Corr
0.71	MENYX	Madison Ered Call Steady Growth	Pair Corr
0.75	GCFSX	Gabelli Global Financial	Pair Corr
0.62	PLUAX	Aristotle Funds Series	Pair Corr
0.84	RYCYX	Dow 2x Strategy	Pair Corr
0.65	PLTJX	Principal Lifetime 2030	Pair Corr

Related Correlations Analysis

	SWFCX	RYIPX	WIGTX	EKGIX	CGO	TPZ	IHD	MCN	TCMIX
SWFCX		-0.32	0.0	0.78	-0.34	-0.73	0.46	-0.06	0.2	SWFCX
RYIPX	-0.32		0.0	0.19	0.84	0.4	0.28	0.88	0.84	RYIPX
WIGTX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	WIGTX
EKGIX	0.78	0.19	0.0		0.03	-0.51	0.57	0.36	0.61	EKGIX
CGO	-0.34	0.84	0.0	0.03		0.42	0.36	0.77	0.66	CGO
TPZ	-0.73	0.4	0.0	-0.51	0.42		-0.25	0.29	0.05	TPZ
IHD	0.46	0.28	0.0	0.57	0.36	-0.25		0.41	0.52	IHD
MCN	-0.06	0.88	0.0	0.36	0.77	0.29	0.41		0.87	MCN
TCMIX	0.2	0.84	0.0	0.61	0.66	0.05	0.52	0.87		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

MCN	+ 0.88	RYIPX
TCMIX	+ 0.87	MCN
CGO	+ 0.84	RYIPX
TCMIX	+ 0.84	RYIPX
EKGIX	+ 0.78	SWFCX
MCN	+ 0.77	CGO

High negative correlations

TPZ	- 0.73	SWFCX
TPZ	- 0.51	EKGIX
CGO	- 0.34	SWFCX
RYIPX	- 0.32	SWFCX
IHD	- 0.25	TPZ
MCN	- 0.06	SWFCX

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	0.68	0.12	0.12	0.18	0.74	(0.72)	1.33	(1.22)	8.28
RYIPX	0.48	(0.10)	0.00	(0.14)	0.00	0.00	0.86	(1.20)	2.66
WIGTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EKGIX	0.64	(0.05)	(0.05)	0.01	0.93	(0.61)	1.32	(1.25)	4.16
CGO	0.70	(0.08)	0.00	(0.04)	0.00	0.00	1.21	(1.73)	4.15
TPZ	0.66	(0.04)	0.00	(0.03)	0.00	0.00	1.16	(1.19)	3.26
IHD	0.81	0.04	0.02	0.11	1.04	(0.92)	1.67	(1.30)	6.17
MCN	0.62	(0.02)	(0.05)	0.02	0.76	(0.62)	1.17	(1.30)	2.98
TCMIX	0.60	(0.07)	0.00	(0.04)	0.00	0.00	1.06	(1.34)	3.08

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