Congress Large Correlations

Mutual Funds . USA . 
Fund . Congress Large Cap
CAMLX Fund  USD 48.77  0.21  0.43%   
The current 90-days correlation between Congress Large Cap and Franklin Servative Allocation is 0.02 (i.e., Significant diversification). The correlation of Congress Large 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.

Congress Large Correlation With Market

Almost no diversification

The correlation between Congress Large Cap 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 Congress Large 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 Congress Large 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 metropolitan statistical area.

Moving together with Congress Mutual Fund

  0.97IMIDX Congress Mid CapPairCorr
  0.97CMIDX Congress Mid CapPairCorr
  0.8CSMCX Century Small CapPairCorr
  0.63CSMVX Century Small CapPairCorr
  0.85AGTHX Growth FundPairCorr
  0.88GFACX Growth FundPairCorr
  0.88GFAFX Growth FundPairCorr
  0.88FAFGX American FundsPairCorr
  0.88FFAFX American FundsPairCorr
  0.88CGFFX Growth FundPairCorr
  0.88CGFCX Growth FundPairCorr
  0.87CGFAX Growth FundPairCorr
  0.88CGFEX Growth FundPairCorr
  0.78GAAKX Gmo Alternative AlloPairCorr
  0.78GAAGX Gmo Alternative AlloPairCorr
  0.81GPMFX Guidepath Managed FuturesPairCorr
  0.75PQTAX Pimco Trends ManagedPairCorr
  0.78PQTNX Pimco Trends ManagedPairCorr
  0.78PQTIX Aa Pimco TrPairCorr
  0.61WARCX Wells Fargo AdvantagePairCorr
  0.7SACVX Spirit Of AmericaPairCorr
  0.61TMACX Touchstone ArbitragePairCorr
  0.84LNOAX Ladenburg Income GrowthPairCorr
  0.89RUNTX Us Small CapPairCorr
  0.76SMPIX Semiconductor UltrasectorPairCorr
  0.88CMDCX Columbia Mod ConservPairCorr
  0.86EAAAX Enterprise Mergers AndPairCorr
  0.85GLVNX Oppenheimer Gbl ValuePairCorr
  0.79FTCCX Franklin ConservativePairCorr
  0.75FNRAX Franklin Natural ResPairCorr
  0.85VESAX Vela Small CapPairCorr
  0.83PCEQX Pioneer Equity IncomePairCorr
  0.81FIJFX Materials PortfolioPairCorr
  0.82FRCJX Fidelity Freedom BlendPairCorr
  0.92LIMAX Lateef Focused GrowthPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

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

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