Boyar Value Correlations

BOYAX Fund

USD 32.01 0.32 1.01%

The current 90-days correlation between Boyar Value Fund and T Rowe Price is -0.11 (i.e., Good diversification). The correlation of Boyar Value 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.

Boyar Value Correlation With Market

Poor diversification

The correlation between Boyar Value Fund and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boyar Value Fund 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 Boyar Value Fund. 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 nation.

Moving together with Boyar Mutual Fund

0.78	VVIAX	Vanguard Value Index	Pair Corr
0.75	DOXGX	Dodge Cox Stock	Pair Corr
0.83	AFMFX	American Mutual	Pair Corr
0.83	FFMMX	American Funds American	Pair Corr
0.83	FFFMX	American Funds American	Pair Corr
0.83	AMRMX	American Mutual	Pair Corr
0.83	AMFFX	American Mutual	Pair Corr
0.83	AMFCX	American Mutual	Pair Corr
0.78	DODGX	Dodge Stock Fund	Pair Corr
0.79	VIVAX	Vanguard Value Index	Pair Corr
0.65	FTCAX	Templeton Strained Bond	Pair Corr
0.76	PYAIX	Payden Absolute Return	Pair Corr
0.76	PYARX	Payden Absolute Return	Pair Corr
0.71	BCAAX	Brandywineglobal C	Pair Corr
0.68	FSAHX	Fidelity Short Duration	Pair Corr
0.82	JHEQX	Jpmorgan Hedged Equity	Pair Corr
0.74	VDAFX	Dynamic Allocation	Pair Corr
0.72	CSDGX	Copeland Smid Cap	Pair Corr
0.81	JDCAX	Janus Forty Fund	Pair Corr
0.73	SECIX	Guggenheim Large Cap	Pair Corr
0.76	VFORX	Vanguard Target Reti	Pair Corr
0.69	FSLBX	Brokerage And Investment	Pair Corr
0.61	LIADX	Lifex Inflation-protec	Pair Corr
0.76	PEVAX	Pace Smallmedium Value	Pair Corr
0.61	VTMSX	Vanguard Tax Managed	Pair Corr
0.68	HFMIX	Hartford Midcap	Pair Corr
0.69	FFRHX	Fidelity Advisor Floating	Pair Corr
0.71	RIFYX	Victory Rs Science	Pair Corr
0.75	FIQFX	Fidelity China Region	Pair Corr
0.75	FNCMX	Fidelity Nasdaq Posite	Pair Corr
0.79	NWHQX	Nationwide Bailard	Pair Corr

Moving against Boyar Mutual Fund

0.78	USPSX	Profunds Ultrashort	Pair Corr
0.78	USPIX	Profunds Ultrashort	Pair Corr
0.72	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	PAHHX	FSHOX	WAEXX	VFINX	DPG	VTSMX	RQECX	FXAIX	FCYIX
PAHHX		0.93	0.62	0.88	0.62	0.81	0.78	0.88	0.88	PAHHX
FSHOX	0.93		0.71	0.87	0.77	0.84	0.8	0.87	0.9	FSHOX
WAEXX	0.62	0.71		0.78	0.57	0.76	0.9	0.78	0.78	WAEXX
VFINX	0.88	0.87	0.78		0.73	0.95	0.92	1.0	0.98	VFINX
DPG	0.62	0.77	0.57	0.73		0.74	0.66	0.73	0.77	DPG
VTSMX	0.81	0.84	0.76	0.95	0.74		0.89	0.95	0.96	VTSMX
RQECX	0.78	0.8	0.9	0.92	0.66	0.89		0.92	0.92	RQECX
FXAIX	0.88	0.87	0.78	1.0	0.73	0.95	0.92		0.98	FXAIX
FCYIX	0.88	0.9	0.78	0.98	0.77	0.96	0.92	0.98		FCYIX
	PAHHX	FSHOX	WAEXX	VFINX	DPG	VTSMX	RQECX	FXAIX	FCYIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Boyar Mutual Fund performing well and Boyar Value 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 Boyar Value'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
PAHHX	0.41	0.02	(0.17)	(0.89)	0.50	(0.44)	0.85	(0.84)	2.54
FSHOX	0.79	0.10	0.01	0.56	0.76	(0.90)	1.96	(1.58)	5.50
WAEXX	0.03	0.01	0.00	(0.37)	0.00	0.00	0.00	0.00	1.01
VFINX	0.57	0.09	(0.04)	(1.86)	0.68	(0.59)	1.17	(1.31)	3.84
DPG	0.68	0.19	0.10	0.97	0.68	(0.78)	1.50	(1.29)	4.17
VTSMX	0.58	0.01	0.00	0.13	0.64	(0.62)	1.29	(1.31)	4.11
RQECX	0.97	0.21	0.05	(0.83)	0.89	(1.12)	2.63	(1.49)	5.96
FXAIX	0.57	0.09	(0.04)	(1.89)	0.68	(0.59)	1.17	(1.31)	3.83
FCYIX	0.80	0.16	0.05	1.30	0.84	(0.82)	1.97	(1.51)	7.00

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC