Commerce Midcap Correlations

CFMVX Fund

25.94 0.28 1.07%

The current 90-days correlation between Commerce Midcap Value and The Value Fund is -0.09 (i.e., Good diversification). The correlation of Commerce Midcap 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.

Commerce Midcap Correlation With Market

Almost no diversification

The correlation between Commerce Midcap Value 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 Commerce Midcap Value 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 Commerce Midcap Value. 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 persons.

Moving together with Commerce Mutual Fund

0.91	KTXIX	Kansas Tax	Pair Corr
0.74	CFBNX	Bond Fund	Pair Corr
0.9	CFMOX	Missouri Tax	Pair Corr
0.9	CFNLX	National Tax	Pair Corr
0.89	CFSTX	Short Term	Pair Corr
0.96	VMVAX	Vanguard Mid Cap	Pair Corr
0.91	JVMAX	John Hancock Disciplined	Pair Corr
0.91	JVMIX	John Hancock Disciplined	Pair Corr
0.96	VMVIX	Vanguard Mid Cap	Pair Corr
0.88	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.98	MVCAX	Mfs Mid Cap	Pair Corr
0.9	PDI	Pimco Dynamic Income	Pair Corr
0.92	SRJYX	Jpmorgan Smartretirement	Pair Corr
0.73	VMINX	Invesco Municipal Income	Pair Corr
0.95	GIMCX	Nationwide Investor	Pair Corr
0.93	RYLDX	Dow 2x Strategy	Pair Corr
0.94	LZSCX	Lazard Small Mid	Pair Corr
0.9	BHYCX	Blackrock Hi Yld	Pair Corr
0.92	JDIUX	John Hancock Disciplined	Pair Corr
0.69	HMXAX	Alphacentric Hedged	Pair Corr
0.9	THPGX	Thompson Largecap	Pair Corr

Moving against Commerce Mutual Fund

0.45	CFGRX	Growth Fund	Pair Corr
0.94	UIPIX	Ultrashort Mid Cap	Pair Corr
0.77	TCTGX	Transamerica Cleartrack	Pair Corr
0.77	CESGX	Coho Relative Value	Pair Corr
0.76	TDKTX	Cleartrack 2015 Class	Pair Corr
0.76	TCTJX	Transamerica Cleartrack	Pair Corr
0.76	TCSUX	Cleartrack 2020 Class	Pair Corr

Related Correlations Analysis

	CFAGX	CFBNX	CFGRX	CFMOX	CFNLX	CFSTX	CFVLX
CFAGX		0.01	0.64	-0.17	-0.17	-0.04	-0.46	CFAGX
CFBNX	0.01		-0.51	0.87	0.87	0.92	0.49	CFBNX
CFGRX	0.64	-0.51		-0.65	-0.65	-0.51	-0.74	CFGRX
CFMOX	-0.17	0.87	-0.65		1.0	0.94	0.74	CFMOX
CFNLX	-0.17	0.87	-0.65	1.0		0.93	0.74	CFNLX
CFSTX	-0.04	0.92	-0.51	0.94	0.93		0.51	CFSTX
CFVLX	-0.46	0.49	-0.74	0.74	0.74	0.51		CFVLX
	CFAGX	CFBNX	CFGRX	CFMOX	CFNLX	CFSTX	CFVLX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CFNLX	+ 1.0	CFMOX
CFSTX	+ 0.94	CFMOX
CFSTX	+ 0.93	CFNLX
CFSTX	+ 0.92	CFBNX
CFMOX	+ 0.87	CFBNX
CFNLX	+ 0.87	CFBNX

High negative correlations

CFVLX	- 0.74	CFGRX
CFNLX	- 0.65	CFGRX
CFMOX	- 0.65	CFGRX
CFSTX	- 0.51	CFGRX
CFGRX	- 0.51	CFBNX
CFVLX	- 0.46	CFAGX

Risk-Adjusted Indicators

There is a big difference between Commerce Mutual Fund performing well and Commerce Midcap 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 Commerce Midcap'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
CFAGX	0.69	0.01	(0.07)	(0.01)	0.92	(0.68)	1.33	(1.62)	5.04
CFBNX	0.13	0.01	(0.25)	0.28	0.00	(0.17)	0.28	(0.27)	0.66
CFGRX	0.63	(0.04)	0.00	0.32	0.00	0.00	0.99	(1.58)	4.29
CFMOX	0.06	0.02	(0.46)	2.58	0.00	(0.10)	0.21	(0.05)	0.37
CFNLX	0.06	0.02	(0.32)	11.56	0.00	(0.10)	0.21	(0.05)	0.47
CFSTX	0.07	0.01	(0.65)	0.28	0.00	(0.09)	0.18	(0.12)	0.36
CFVLX	0.48	0.15	0.14	(2.23)	0.33	(0.55)	1.01	(1.03)	2.71

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