Congress Large Correlations

CAMLX Fund

USD 48.06 0.34 0.71%

The current 90-days correlation between Congress Large Cap and Pioneer Multi Asset Ultrashort is -0.1 (i.e., Good 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

Good diversification

The correlation between Congress Large Cap and DJI is -0.05 (i.e., Good 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 board of governors.

Moving together with Congress Mutual Fund

1.0	CMLIX	Congress Large Cap	Pair Corr
0.95	VIGAX	Vanguard Growth Index	Pair Corr
0.73	AGTHX	Growth Fund	Pair Corr
0.89	GFACX	Growth Fund	Pair Corr
0.88	GFAFX	Growth Fund	Pair Corr
0.87	CGFFX	Growth Fund	Pair Corr
0.89	CGFCX	Growth Fund	Pair Corr
0.88	CGFAX	Growth Fund	Pair Corr
0.88	CGFEX	Growth Fund	Pair Corr

Moving against Congress Mutual Fund

0.39	RYMEX	Commodities Strategy	Pair Corr
0.39	RYMJX	Commodities Strategy	Pair Corr
0.52	VWALX	Vanguard High Yield	Pair Corr
0.47	RGVJX	Us Government Securities	Pair Corr
0.43	KF	Korea Closed	Pair Corr
0.42	SEAKX	Steward Select Bond	Pair Corr
0.4	BRUFX	Bruce Fund Bruce	Pair Corr
0.39	RYMBX	Commodities Strategy	Pair Corr
0.33	JEVIX	John Hancock Funds	Pair Corr
0.48	DIFFX	Mfs Diversified Income	Pair Corr
0.45	CGBIX	Calvert Green Bond	Pair Corr
0.39	RIDFX	Income Fund	Pair Corr
0.36	PBDCX	Investment Grade Porate	Pair Corr

Related Correlations Analysis

	FTFZX	PRMDX	SWSFX	CDICX	LCSAX	GSTGX	MAFRX
FTFZX		0.99	0.88	0.96	0.33	0.92	0.95	FTFZX
PRMDX	0.99		0.88	0.95	0.34	0.91	0.96	PRMDX
SWSFX	0.88	0.88		0.91	0.59	0.89	0.91	SWSFX
CDICX	0.96	0.95	0.91		0.36	0.98	0.96	CDICX
LCSAX	0.33	0.34	0.59	0.36		0.35	0.42	LCSAX
GSTGX	0.92	0.91	0.89	0.98	0.35		0.94	GSTGX
MAFRX	0.95	0.96	0.91	0.96	0.42	0.94		MAFRX
	FTFZX	PRMDX	SWSFX	CDICX	LCSAX	GSTGX	MAFRX

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FTFZX	0.05	0.01	0.00	(1.75)	0.00	0.00	0.10	0.00	0.39
PRMDX	0.03	0.01	0.00	(0.40)	0.00	0.00	0.19	0.00	0.39
SWSFX	0.04	0.01	0.00	0.90	0.00	0.00	0.10	0.00	0.49
CDICX	0.06	0.01	(1.11)	0.31	0.00	(0.11)	0.13	(0.06)	0.38
LCSAX	0.43	0.00	(0.12)	0.11	0.67	(0.42)	0.94	(0.93)	4.23
GSTGX	0.05	0.01	(0.80)	0.51	0.00	(0.14)	0.11	(0.11)	0.43
MAFRX	0.03	0.01	0.00	(0.80)	0.00	0.00	0.00	0.00	0.52

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