Bruce Fund Correlations

Mutual Funds . USA . 
Fund . Bruce Fund Bruce
BRUFX Fund  USD 537.38  2.67  0.50%   
The current 90-days correlation between Bruce Fund Bruce and Nuveen Winslow Large Cap is 0.11 (i.e., Average diversification). The correlation of Bruce Fund 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.

Bruce Fund Correlation With Market

Very weak diversification

The correlation between Bruce Fund Bruce and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bruce Fund Bruce 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 Bruce Fund Bruce. 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 census.

Moving against Bruce Mutual Fund

  0.64XGEIX Guggenheim Energy IncomePairCorr
  0.37SPGSX State Street PremierPairCorr
  0.53AIWEX World EnergyPairCorr
  0.51LACFX Lord Abbett VertiblePairCorr
  0.45AULYX Ultra Fund YPairCorr
  0.42AAMCX Absolute Capital AssetPairCorr
  0.39BSCXX Northern InstitutionalPairCorr
  0.37ASVNX Small Cap ValuePairCorr
  0.36OAKBX Oakmark Equity AndPairCorr
  0.36MUTHX Franklin Mutual SharesPairCorr
  0.35BSPIX Blackrock Sp 500PairCorr
  0.33BMSYX Mfs Blended ResearchPairCorr
  0.57AMLPX Maingate MlpPairCorr
  0.36TRHZX T Rowe PricePairCorr
  0.35HCMNX Hcm Dividend SectorPairCorr
  0.32OSVCX Jpmorgan Small CapPairCorr
  0.31JGMAX Janus TritonPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Bruce Mutual Fund performing well and Bruce Fund 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 Bruce Fund'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.

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
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY