Bogle Small Correlations

BOGIX Fund

USD 33.13 0.89 2.76%

The current 90-days correlation between Bogle Small Cap and Amg Timessquare International is 0.63 (i.e., Poor 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

Almost no diversification

The correlation between Bogle Small Cap and DJI is 0.95 (i.e., Almost no 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

0.84	SGICX	Summit Global Investments	Pair Corr
0.84	SGLIX	Summit Global Investments	Pair Corr
0.94	SGPKX	Sgi Peak Growth	Pair Corr
0.91	SILVX	Summit Global Investments	Pair Corr
0.85	LVOLX	Summit Global Investments	Pair Corr
0.98	VSMAX	Vanguard Small Cap	Pair Corr
0.98	VSCIX	Vanguard Small Cap	Pair Corr
0.98	VSCPX	Vanguard Small Cap	Pair Corr
0.98	NAESX	Vanguard Small Cap	Pair Corr
0.97	FSSNX	Fidelity Small Cap	Pair Corr
0.99	DFSTX	Us Small Cap	Pair Corr
0.99	FTHSX	Fuller Thaler Behavioral	Pair Corr
0.99	FTHNX	Fuller Thaler Behavioral	Pair Corr
0.94	PASVX	T Rowe Price	Pair Corr
0.9	PRVIX	T Rowe Price	Pair Corr
0.84	KF	Korea Closed	Pair Corr
0.88	FKRCX	Franklin Gold Precious	Pair Corr
0.92	RSNRX	Victory Global Natural	Pair Corr
0.9	SGGDX	First Eagle Gold	Pair Corr
0.87	EKWAX	Wells Fargo Advantage Downward Rally	Pair Corr
0.91	PSPFX	Global Resources	Pair Corr
0.9	OPGSX	Oppenheimer Gold Spec	Pair Corr
0.9	GOLDX	Gabelli Gold	Pair Corr
0.89	FSAGX	Gold Portfolio Gold	Pair Corr
0.9	UNWPX	World Precious Minerals	Pair Corr
0.79	FDFIX	Fidelity Flex 500	Pair Corr
0.86	SEQFX	Sit Emerging Markets	Pair Corr
0.87	FULAX	Federated Ultrashort Bond	Pair Corr
0.92	CNSCX	Invesco Vertible Sec	Pair Corr
0.85	GGFRX	Nationwide Growth	Pair Corr
0.91	VISGX	Vanguard Small Cap	Pair Corr
0.85	HRACX	Hartford Growth	Pair Corr
0.73	JEEDX	John Hancock Enduring	Pair Corr
0.76	CTCAX	Columbia Global Tech	Pair Corr
0.92	FMEFX	Nuveen Mid Cap	Pair Corr
0.8	GAAAX	Gmo Opportunistic Income	Pair Corr
0.89	APDFX	Artisan High Income	Pair Corr
0.74	GIJPX	Guggenheim Municipal	Pair Corr
0.88	WEFIX	Short Duration Income	Pair Corr

Related Correlations Analysis

	SWFCX	RYIPX	WIGTX	EKGIX	CGO	TPZ	IHD	MCN	TCMIX
SWFCX		0.64	0.0	0.95	0.83	-0.23	0.91	0.89	0.94	SWFCX
RYIPX	0.64		0.0	0.73	0.72	-0.11	0.69	0.74	0.8	RYIPX
WIGTX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	WIGTX
EKGIX	0.95	0.73	0.0		0.83	-0.25	0.89	0.93	0.95	EKGIX
CGO	0.83	0.72	0.0	0.83		0.06	0.95	0.84	0.92	CGO
TPZ	-0.23	-0.11	0.0	-0.25	0.06		0.02	-0.17	-0.06	TPZ
IHD	0.91	0.69	0.0	0.89	0.95	0.02		0.86	0.96	IHD
MCN	0.89	0.74	0.0	0.93	0.84	-0.17	0.86		0.92	MCN
TCMIX	0.94	0.8	0.0	0.95	0.92	-0.06	0.96	0.92		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

TCMIX	+ 0.96	IHD
EKGIX	+ 0.95	SWFCX
TCMIX	+ 0.95	EKGIX
IHD	+ 0.95	CGO
TCMIX	+ 0.94	SWFCX
MCN	+ 0.93	EKGIX

High negative correlations

TPZ	- 0.25	EKGIX
TPZ	- 0.23	SWFCX
MCN	- 0.17	TPZ
TPZ	- 0.11	RYIPX
TCMIX	- 0.06	TPZ
TCMIX	- 0.0	WIGTX

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	0.69	0.27	0.32	0.42	0.13	(0.81)	1.39	(1.32)	6.96
RYIPX	0.55	(0.08)	0.00	(0.13)	0.00	0.00	1.15	(1.16)	2.75
WIGTX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EKGIX	0.66	0.06	0.07	0.15	0.63	(0.73)	1.91	(1.02)	4.62
CGO	0.75	(0.02)	(0.03)	0.06	1.02	(0.78)	1.49	(1.73)	4.15
TPZ	0.73	(0.02)	(0.07)	0.03	0.92	(0.71)	1.55	(1.53)	3.58
IHD	0.68	0.14	0.10	0.70	0.56	(0.79)	1.50	(1.30)	3.52
MCN	0.59	0.02	(0.02)	0.11	0.65	(0.64)	1.19	(1.32)	3.32
TCMIX	0.61	0.03	0.00	0.13	0.68	(0.63)	1.28	(1.23)	3.60

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