Becker Value Correlations

BVEIX Fund

USD 21.46 0.32 1.47%

The current 90-days correlation between Becker Value Equity and Monetta Fund Monetta is 0.39 (i.e., Weak 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

Almost no diversification

The correlation between Becker Value Equity and DJI is 0.91 (i.e., Almost no 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 gross domestic product.

Moving together with Becker Mutual Fund

1.0	BVEFX	Becker Value Equity	Pair Corr
0.88	VVIAX	Vanguard Value Index	Pair Corr
0.9	AWSHX	Washington Mutual	Pair Corr
0.9	WSHCX	Washington Mutual	Pair Corr
0.88	WSHFX	Washington Mutual	Pair Corr
0.91	FWWMX	American Funds Washington	Pair Corr
0.91	FWMMX	American Funds Washington	Pair Corr
0.93	DODGX	Dodge Stock Fund	Pair Corr
0.9	AMFFX	American Mutual	Pair Corr
0.89	AMFCX	American Mutual	Pair Corr
0.87	GAAKX	Gmo Alternative Allo	Pair Corr
0.87	GAAGX	Gmo Alternative Allo	Pair Corr
0.86	GPMFX	Guidepath Managed Futures	Pair Corr
0.85	PQTAX	Pimco Trends Managed	Pair Corr
0.86	PQTNX	Pimco Trends Managed	Pair Corr
0.86	PQTIX	Aa Pimco Tr	Pair Corr
0.76	WARCX	Wells Fargo Advantage	Pair Corr
0.87	SSDEX	State Street Target	Pair Corr
0.99	GCOZX	Growth Allocation	Pair Corr
0.91	RLLGX	Smallcap World	Pair Corr
0.84	HERIX	Hartford Emerging Markets	Pair Corr
0.84	FGDAX	Gold Portfolio Fidelity	Pair Corr
0.69	DNCGX	Dunham Porategovernment	Pair Corr
0.77	BMBCX	Blackrock Alternative	Pair Corr
0.89	EIGMX	Eaton Vance Global	Pair Corr
0.7	DNMIX	Dreyfus New Jersey	Pair Corr
0.87	TIBRX	Thornburg Investment	Pair Corr
0.9	GSESX	Goldman Sachs Equity	Pair Corr
0.88	TTRTX	Target 2015 Fund	Pair Corr
0.87	PFNUX	Pimco Dynamic Bond	Pair Corr
0.88	ACOAX	Strategic Allocation:	Pair Corr
0.88	FAETX	American Funds 2030	Pair Corr
0.81	PCLCX	Pace Large Growth	Pair Corr
0.83	PIFEX	Prudential Short Term	Pair Corr
0.61	JERCX	Janus Global Real	Pair Corr
0.89	VAAGX	Virtus Nfj Large	Pair Corr

Moving against Becker Mutual Fund

0.44

AMRMX

American Mutual

Pair Corr

Related Correlations Analysis

	VILLX	IEYAX	WMBLX	FNSTX	ICMBX	PFSMX	MICDX	CEE	RBCGX	MONTX
VILLX		0.91	0.92	0.59	0.96	0.97	0.27	0.92	0.77	0.27	VILLX
IEYAX	0.91		0.88	0.76	0.82	0.89	0.47	0.93	0.61	-0.04	IEYAX
WMBLX	0.92	0.88		0.49	0.9	0.89	0.19	0.91	0.83	0.18	WMBLX
FNSTX	0.59	0.76	0.49		0.48	0.65	0.58	0.64	0.22	-0.1	FNSTX
ICMBX	0.96	0.82	0.9	0.48		0.95	0.13	0.87	0.84	0.44	ICMBX
PFSMX	0.97	0.89	0.89	0.65	0.95		0.29	0.91	0.73	0.37	PFSMX
MICDX	0.27	0.47	0.19	0.58	0.13	0.29		0.36	-0.12	-0.48	MICDX
CEE	0.92	0.93	0.91	0.64	0.87	0.91	0.36		0.73	0.08	CEE
RBCGX	0.77	0.61	0.83	0.22	0.84	0.73	-0.12	0.73		0.41	RBCGX
MONTX	0.27	-0.04	0.18	-0.1	0.44	0.37	-0.48	0.08	0.41		MONTX
	VILLX	IEYAX	WMBLX	FNSTX	ICMBX	PFSMX	MICDX	CEE	RBCGX	MONTX

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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

PFSMX	+ 0.97	VILLX
ICMBX	+ 0.96	VILLX
PFSMX	+ 0.95	ICMBX
CEE	+ 0.93	IEYAX
WMBLX	+ 0.92	VILLX
CEE	+ 0.92	VILLX

High negative correlations

MONTX	- 0.48	MICDX
RBCGX	- 0.12	MICDX
MONTX	- 0.1	FNSTX
MONTX	- 0.04	IEYAX

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
VILLX	0.43	0.03	(0.01)	0.12	0.39	(0.53)	1.00	(0.81)	2.08
IEYAX	0.68	0.26	0.20	(17.15)	0.53	(0.78)	1.64	(1.32)	4.39
WMBLX	0.42	0.15	0.21	0.43	0.00	(0.54)	0.79	(0.57)	6.80
FNSTX	0.78	0.09	0.02	2.46	1.01	(0.78)	1.63	(2.04)	4.25
ICMBX	0.40	0.02	(0.04)	0.10	0.45	(0.42)	0.85	(0.91)	2.37
PFSMX	0.52	0.01	(0.02)	0.08	0.62	(0.56)	0.96	(1.20)	2.69
MICDX	0.66	0.06	(0.01)	0.90	0.59	(0.85)	1.65	(1.14)	3.57
CEE	1.30	0.35	0.25	0.59	0.97	(1.62)	3.27	(1.67)	6.37
RBCGX	0.88	0.10	0.12	0.16	0.69	(1.09)	0.89	(1.60)	21.46
MONTX	0.83	(0.15)	0.00	(0.09)	0.00	0.00	1.60	(2.28)	5.42

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