Cb Large Correlations

CBEAX Fund

USD 10.44 0.13 1.26%

The current 90-days correlation between Cb Large Cap and Wells Fargo Advantage is 0.17 (i.e., Average diversification). The correlation of Cb 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.

Cb Large Correlation With Market

Very weak diversification

The correlation between Cb Large Cap and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cb 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 Cb 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 nation.

Moving together with CBEAX Mutual Fund

0.69	DHICX	Wells Fargo Advantage	Pair Corr
0.64	VMPYX	Wells Fargo Advantage	Pair Corr
0.67	VMPAX	Wells Fargo Advantage	Pair Corr
0.9	WSCOX	Wells Fargo Advantage	Pair Corr
0.99	WSMCX	Small Pany Growth	Pair Corr
0.63	STRIX	Wells Fargo Advantage	Pair Corr
0.67	STYAX	Wells Fargo Income	Pair Corr
0.92	SCNSX	Wells Fargo Mon	Pair Corr
0.76	SCTAX	California Tax Free	Pair Corr
0.78	SCTCX	California Tax Free	Pair Corr

Moving against CBEAX Mutual Fund

0.46	MNSGX	Wells Fargo Short	Pair Corr
0.32	STYIX	Wells Fargo Short	Pair Corr

Related Correlations Analysis

	DHICX	VMPYX	VMPAX	SADAX	SADIX	EMGYX	EMGNX	EMGCX	EMGAX	SSHIX
DHICX		0.98	0.94	0.24	0.19	0.75	0.7	0.71	0.7	0.38	DHICX
VMPYX	0.98		0.94	0.39	0.34	0.75	0.72	0.72	0.72	0.51	VMPYX
VMPAX	0.94	0.94		0.28	0.24	0.75	0.7	0.71	0.71	0.39	VMPAX
SADAX	0.24	0.39	0.28		0.99	0.4	0.43	0.41	0.43	0.93	SADAX
SADIX	0.19	0.34	0.24	0.99		0.35	0.39	0.36	0.38	0.92	SADIX
EMGYX	0.75	0.75	0.75	0.4	0.35		0.91	0.91	0.91	0.57	EMGYX
EMGNX	0.7	0.72	0.7	0.43	0.39	0.91		1.0	1.0	0.61	EMGNX
EMGCX	0.71	0.72	0.71	0.41	0.36	0.91	1.0		1.0	0.59	EMGCX
EMGAX	0.7	0.72	0.71	0.43	0.38	0.91	1.0	1.0		0.61	EMGAX
SSHIX	0.38	0.51	0.39	0.93	0.92	0.57	0.61	0.59	0.61		SSHIX
	DHICX	VMPYX	VMPAX	SADAX	SADIX	EMGYX	EMGNX	EMGCX	EMGAX	SSHIX

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Risk-Adjusted Indicators

There is a big difference between CBEAX Mutual Fund performing well and Cb 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 Cb 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
DHICX	0.10	(0.01)	0.06	(0.84)	0.14	(0.14)	0.23	(0.23)	0.68
VMPYX	0.10	(0.01)	0.07	(0.21)	0.12	(0.15)	0.23	(0.23)	0.57
VMPAX	0.10	(0.01)	0.06	(0.44)	0.14	(0.15)	0.23	(0.23)	0.68
SADAX	0.05	0.01	0.25	1.01	0.00	(0.17)	0.11	(0.11)	0.57
SADIX	0.04	0.01	0.00	1.73	0.00	0.00	0.11	(0.11)	0.57
EMGYX	0.67	0.02	0.04	(0.23)	0.96	(0.66)	1.44	(1.78)	3.65
EMGNX	0.70	0.00	0.02	(0.03)	1.03	(0.64)	1.43	(1.78)	3.86
EMGCX	0.69	(0.01)	0.01	(0.05)	0.99	(0.67)	1.40	(1.79)	3.81
EMGAX	0.70	0.00	0.01	(0.03)	1.04	(0.64)	1.40	(1.80)	3.90
SSHIX	0.07	0.01	0.17	0.78	0.00	(0.13)	0.12	(0.12)	0.59

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