Cb Large Correlations

CBLSX Fund

USD 10.79 0.04 0.37%

The current 90-days correlation between Cb Large Cap and Virtus Global Infrastructure is -0.11 (i.e., Good 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 poor diversification

The correlation between Cb Large Cap and DJI is 0.86 (i.e., Very poor 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 real.

Moving together with CBLSX Mutual Fund

0.88	DHICX	Wells Fargo Advantage	Pair Corr
0.88	VMPAX	Wells Fargo Advantage	Pair Corr
0.72	EMGNX	Wells Fargo Emerging	Pair Corr
0.71	WCAFX	Wealthbuilder Conservative	Pair Corr
0.76	IPBNX	Wells Fargo Real	Pair Corr
0.97	SFAAX	Wells Fargo Index	Pair Corr
0.92	WFENX	Wells Fargo International	Pair Corr
0.93	WFSTX	Specialized Technology	Pair Corr
0.94	SGRKX	Wells Fargo Growth	Pair Corr
0.68	SGVDX	Wells Fargo Government	Pair Corr
0.98	WGBIX	Wells Fargo Spectrum	Pair Corr
0.81	WHYIX	Wells Fargo Advantage	Pair Corr
0.74	WHYCX	Wells Fargo Advantage	Pair Corr
0.76	WHYMX	Wells Fargo Advantage	Pair Corr
0.77	WMBFX	Wealthbuilder Moderate	Pair Corr
0.79	WMBZX	Wells Fargo Wealthbuilder	Pair Corr
0.96	EKBCX	Wells Fargo Diversified	Pair Corr
0.92	VVIAX	Vanguard Value Index	Pair Corr
0.95	AWSHX	Washington Mutual	Pair Corr
0.95	WSHCX	Washington Mutual	Pair Corr
0.84	WSHFX	Washington Mutual	Pair Corr
0.97	FWWMX	American Funds Washington	Pair Corr
0.97	FWMMX	American Funds Washington	Pair Corr
0.91	DODGX	Dodge Stock Fund	Pair Corr
0.99	AMFFX	American Mutual	Pair Corr
0.98	AMFCX	American Mutual	Pair Corr
0.72	VSTSX	Vanguard Total Stock	Pair Corr
0.75	VSMPX	Vanguard Total Stock	Pair Corr
0.75	VITSX	Vanguard Total Stock	Pair Corr
0.69	VFFSX	Vanguard 500 Index	Pair Corr
0.72	VFIAX	Vanguard 500 Index	Pair Corr
0.72	VTSAX	Vanguard Total Stock	Pair Corr
0.89	VTSNX	Vanguard Total Inter	Pair Corr
0.86	VTISX	Vanguard Total Inter	Pair Corr
0.89	VTPSX	Vanguard Total Inter	Pair Corr
0.73	VINIX	Vanguard Institutional	Pair Corr
0.88	PMPIX	Precious Metals Ultr	Pair Corr
0.91	FGYMX	Fidelity New Markets	Pair Corr

Moving against CBLSX Mutual Fund

0.78

AMRMX

American Mutual

Pair Corr

Related Correlations Analysis

	NNY	WMKSX	TRRTX	SPVZX	KF	PVIVX	PGUAX
NNY		0.76	0.76	0.71	0.54	0.22	0.75	NNY
WMKSX	0.76		0.93	0.88	0.81	0.38	0.93	WMKSX
TRRTX	0.76	0.93		0.91	0.9	0.46	0.96	TRRTX
SPVZX	0.71	0.88	0.91		0.8	0.58	0.85	SPVZX
KF	0.54	0.81	0.9	0.8		0.39	0.87	KF
PVIVX	0.22	0.38	0.46	0.58	0.39		0.34	PVIVX
PGUAX	0.75	0.93	0.96	0.85	0.87	0.34		PGUAX
	NNY	WMKSX	TRRTX	SPVZX	KF	PVIVX	PGUAX

Risk-Adjusted Indicators

There is a big difference between CBLSX 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
NNY	0.45	0.03	(0.04)	0.51	0.48	(0.53)	0.96	(0.93)	3.78
WMKSX	1.30	0.47	0.39	0.78	0.58	(1.67)	2.19	(1.76)	29.70
TRRTX	0.24	0.05	0.05	0.21	0.00	(0.32)	0.45	(0.36)	3.21
SPVZX	0.59	0.06	0.06	0.12	0.55	(0.62)	1.57	(1.25)	3.42
KF	1.45	0.47	0.29	0.56	1.18	(1.71)	3.97	(2.82)	7.52
PVIVX	1.07	(0.13)	0.00	(0.03)	0.00	0.00	2.51	(3.07)	8.67
PGUAX	0.57	0.15	0.15	2.38	0.36	(0.69)	0.87	(0.97)	8.51

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