Becker Value Correlations

BVEFX Fund

USD 20.45 0.12 0.58%

The current 90-days correlation between Becker Value Equity and Western Asset Investment is 0.19 (i.e., Average diversification). The correlation of Becker 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.

Becker Value Correlation With Market

Very weak diversification

The correlation between Becker Value Equity and DJI is 0.46 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Becker Value Equity 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 Becker Value Equity. 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 together with Becker Mutual Fund

1.0	BVEIX	Becker Value Equity	Pair Corr
0.88	VVIAX	Vanguard Value Index	Pair Corr
0.82	AWSHX	Washington Mutual	Pair Corr
0.81	WSHCX	Washington Mutual	Pair Corr
0.76	WSHFX	Washington Mutual	Pair Corr
0.75	DODGX	Dodge Stock Fund	Pair Corr
0.81	AMFFX	American Mutual	Pair Corr
0.81	AMFCX	American Mutual	Pair Corr
0.71	CSHTX	Ab Taxable Multi	Pair Corr
0.92	RMBNX	Rmb Mendon Financial	Pair Corr
0.81	CDHAX	Calvert Developed Market	Pair Corr
0.81	PREIX	T Rowe Price	Pair Corr
0.92	DFLVX	Us Large Cap	Pair Corr
0.61	MFTTX	Arrow Managed Futures	Pair Corr
0.98	JVTSX	Janus Venture	Pair Corr
0.7	JSHSX	Janus Short Term	Pair Corr
0.75	LTIUX	Principal Lifetime 2035	Pair Corr
0.9	BOSVX	Omni Small Cap	Pair Corr
0.78	TBLWX	T Rowe Price	Pair Corr
0.99	PRBLX	Parnassus E Equity	Pair Corr
0.83	SGYAX	Siit High Yield	Pair Corr
0.83	VWEAX	Vanguard High Yield	Pair Corr
0.73	TEDLX	Tiaa Cref Emerging	Pair Corr

Moving against Becker Mutual Fund

0.48	TCSUX	Cleartrack 2020 Class	Pair Corr
0.46	TCTGX	Transamerica Cleartrack	Pair Corr
0.46	TCTJX	Transamerica Cleartrack	Pair Corr
0.45	AMRMX	American Mutual	Pair Corr
0.45	TDKTX	Cleartrack 2015 Class	Pair Corr
0.4	USPSX	Profunds Ultrashort Steady Growth	Pair Corr
0.33	PDI	Pimco Dynamic Income	Pair Corr
0.81	UIPIX	Ultrashort Mid Cap	Pair Corr
0.38	USPIX	Profunds Ultrashort Steady Growth	Pair Corr

Related Correlations Analysis

	IGI	LIPRX	MGSEX	MSEIX	TGVNX	FSVLX	MCDFX	IBCA	RYSIX	ALMRX
IGI		0.56	0.41	0.41	-0.35	0.7	0.18	0.33	0.05	0.74	IGI
LIPRX	0.56		0.1	0.09	-0.13	0.29	-0.08	0.58	-0.09	0.31	LIPRX
MGSEX	0.41	0.1		1.0	-0.12	0.35	0.57	-0.06	0.52	0.38	MGSEX
MSEIX	0.41	0.09	1.0		-0.12	0.35	0.57	-0.05	0.53	0.38	MSEIX
TGVNX	-0.35	-0.13	-0.12	-0.12		-0.01	0.05	0.04	0.21	0.02	TGVNX
FSVLX	0.7	0.29	0.35	0.35	-0.01		0.15	0.33	0.28	0.82	FSVLX
MCDFX	0.18	-0.08	0.57	0.57	0.05	0.15		-0.37	-0.03	0.18	MCDFX
IBCA	0.33	0.58	-0.06	-0.05	0.04	0.33	-0.37		0.44	0.28	IBCA
RYSIX	0.05	-0.09	0.52	0.53	0.21	0.28	-0.03	0.44		0.31	RYSIX
ALMRX	0.74	0.31	0.38	0.38	0.02	0.82	0.18	0.28	0.31		ALMRX
	IGI	LIPRX	MGSEX	MSEIX	TGVNX	FSVLX	MCDFX	IBCA	RYSIX	ALMRX

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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

MSEIX	+ 1.0	MGSEX
ALMRX	+ 0.82	FSVLX
ALMRX	+ 0.74	IGI
FSVLX	+ 0.7	IGI
IBCA	+ 0.58	LIPRX
MCDFX	+ 0.57	MGSEX

High negative correlations

IBCA	- 0.37	MCDFX
TGVNX	- 0.35	IGI
TGVNX	- 0.13	LIPRX
TGVNX	- 0.12	MSEIX
TGVNX	- 0.12	MGSEX
RYSIX	- 0.09	LIPRX

Risk-Adjusted Indicators

There is a big difference between Becker Mutual Fund performing well and Becker 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 Becker 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
IGI	0.24	(0.02)	0.00	(0.07)	0.00	0.00	0.54	(0.48)	2.13
LIPRX	0.13	(0.01)	(0.27)	(0.18)	0.15	(0.18)	0.21	(0.31)	0.73
MGSEX	1.02	0.03	0.02	0.08	1.40	(1.10)	2.18	(1.47)	7.16
MSEIX	1.02	0.03	0.02	0.08	1.39	(1.10)	2.17	(1.48)	7.16
TGVNX	1.03	(0.28)	0.00	(0.15)	0.00	0.00	1.63	(1.79)	20.76
FSVLX	0.93	(0.10)	0.00	(0.03)	0.00	0.00	1.86	(2.23)	6.33
MCDFX	0.72	(0.08)	0.00	(0.07)	0.00	0.00	1.54	(1.21)	5.40
IBCA	0.20	0.00	(0.16)	0.08	0.20	(0.22)	0.39	(0.35)	1.04
RYSIX	1.69	0.12	0.06	0.11	2.41	(1.60)	3.02	(4.16)	10.36
ALMRX	0.93	(0.09)	0.00	(0.03)	0.00	0.00	1.56	(2.32)	5.34

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