Commodity Return Correlations

Mutual Funds . USA . 
Fund . Commodity Return Strategy
CCRSX Fund  USD 21.68  0.34  1.59%   
The current 90-days correlation between Commodity Return Strategy and Pace International Emerging is 0.33 (i.e., Weak diversification). The correlation of Commodity Return 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.

Commodity Return Correlation With Market

Poor diversification

The correlation between Commodity Return Strategy and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commodity Return Strategy 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 Commodity Return Strategy. 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 main economic indicators.

Moving together with Commodity Mutual Fund

  0.92CSAIX Credit Suisse ManagedPairCorr
  0.92CSACX Credit Suisse ManagedPairCorr
  0.92CSAAX Credit Suisse ManagedPairCorr
  0.74CSOCX Credit Suisse StrategicPairCorr
  0.76CSQCX Credit Suisse MultiaPairCorr
  1.0CCRRX Credit Suisse TrustPairCorr
  1.0PCRIX CommodityrealreturnPairCorr
  1.0PCRRX CommodityrealreturnPairCorr
  1.0PCRPX Pimco ModityrealreturnPairCorr
  1.0PCSRX CommodityrealreturnPairCorr
  0.89PCLAX Pimco CommoditiesplusPairCorr
  0.88PCPCX Pimco CommoditiesplusPairCorr
  0.89PCLNX Pimco CommoditiesplusPairCorr
  0.89FIFGX Fidelity Sai InflatiPairCorr
  1.0PCRAX CommodityrealreturnPairCorr
  0.99PCRCX CommodityrealreturnPairCorr
  0.72SMPIX Semiconductor UltrasectorPairCorr
  0.76SMPSX Semiconductor UltrasectorPairCorr
  0.81UJPIX Ultrajapan ProfundPairCorr
  0.93PMPIX Precious Metals Ultr Steady GrowthPairCorr
  0.7RMQAX Monthly RebalancePairCorr
  0.7RMQHX Monthly RebalancePairCorr
  0.93PMPSX Precious Metals Ultr Steady GrowthPairCorr
  0.91FRGOX Franklin Gold Precious Steady GrowthPairCorr
  0.79AGEAX Arbitrage EventPairCorr
  0.84CMSCX Columbia Small CapPairCorr
  0.94LZEMX Lazard Emerging MarketsPairCorr
  0.77WSTCX Ivy Science AndPairCorr
  0.83FHANX Fidelity Freedom BlendPairCorr
  0.85JLGSX Lifestyle Ii GrowthPairCorr
  0.8QGRIX Oppenheimer GlobalPairCorr
  0.85AIEAX American Beacon IntePairCorr
  0.79BRMAX Blackrock Midcap IndexPairCorr
  0.72BPLSX Boston Partners LongshortPairCorr
  0.83MRVSX Victory Integrity SmallPairCorr

Moving against Commodity Mutual Fund

  0.65RMQCX Monthly RebalancePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Commodity Mutual Fund performing well and Commodity Return 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 Commodity Return'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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