Catholic Values Correlations

CFVYX Fund

USD 8.84 0.02 0.23%

The current 90-days correlation between Catholic Values Fixed and Tax Free Conservative is 0.15 (i.e., Average diversification). The correlation of Catholic Values 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.

Catholic Values Correlation With Market

Poor diversification

The correlation between Catholic Values Fixed and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Values Fixed 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 Catholic Values Fixed. 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 unemployment.

Moving together with Catholic Mutual Fund

0.72	SAAAX	Simt Multi Asset	Pair Corr
0.66	SRWAX	Saat Market Growth	Pair Corr
0.83	SRYRX	Simt Real Return	Pair Corr
0.62	TFCAX	Tax Free Conservative	Pair Corr
0.65	TFCYX	Tax Free Conservative	Pair Corr
0.79	SSTDX	Saat Servative Strategy	Pair Corr
0.75	SBDAX	Stet California Municipal	Pair Corr
0.79	STAYX	Stet Tax Advantaged	Pair Corr
0.62	STDAX	Saat Defensive Strategy	Pair Corr
0.64	STLYX	Simt Tax Managed	Pair Corr
0.99	SCFYX	Simt E Fixed	Pair Corr
0.72	SCMSX	Saat E Market	Pair Corr
0.65	SCLAX	Simt Multi Asset	Pair Corr
0.99	CFVAX	Catholic Values Fixed	Pair Corr
0.98	SCOAX	Siit E Fixed	Pair Corr
0.98	SCXIX	Sei Insti Mgd	Pair Corr
0.74	SCYYX	Stet California Municipal	Pair Corr
0.69	SUMAX	Stet Short Duration	Pair Corr
0.71	SUSAX	Siit Ultra Short	Pair Corr
0.77	SDGFX	Sdit Short Duration	Pair Corr
0.78	SVSAX	Saat Servative Strategy	Pair Corr

Moving against Catholic Mutual Fund

0.46

SVYAX

Siit Managed Volatility

Pair Corr

Related Correlations Analysis

	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX
SAAAX		0.9	0.84	0.77	0.8	0.83	0.83	0.83	0.82	0.83	SAAAX
SRWAX	0.9		0.76	0.95	0.97	0.99	0.98	0.98	0.93	0.93	SRWAX
SRYRX	0.84	0.76		0.59	0.65	0.68	0.68	0.67	0.75	0.77	SRYRX
SSCGX	0.77	0.95	0.59		0.96	0.97	0.97	0.98	0.88	0.87	SSCGX
SSEAX	0.8	0.97	0.65	0.96		1.0	1.0	0.98	0.89	0.89	SSEAX
SSGAX	0.83	0.99	0.68	0.97	1.0		1.0	0.99	0.9	0.9	SSGAX
SASDX	0.83	0.98	0.68	0.97	1.0	1.0		0.99	0.9	0.9	SASDX
SSMAX	0.83	0.98	0.67	0.98	0.98	0.99	0.99		0.91	0.91	SSMAX
TFCAX	0.82	0.93	0.75	0.88	0.89	0.9	0.9	0.91		1.0	TFCAX
TFCYX	0.83	0.93	0.77	0.87	0.89	0.9	0.9	0.91	1.0		TFCYX
	SAAAX	SRWAX	SRYRX	SSCGX	SSEAX	SSGAX	SASDX	SSMAX	TFCAX	TFCYX

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Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Values 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 Catholic Values' 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
SAAAX	0.50	0.04	0.01	0.14	0.61	(0.52)	0.92	(1.13)	3.14
SRWAX	0.38	0.08	0.09	0.22	0.24	(0.43)	0.77	(0.76)	3.55
SRYRX	0.07	0.00	(0.46)	0.20	0.00	(0.11)	0.10	(0.10)	0.41
SSCGX	1.04	0.19	0.16	0.25	0.93	(1.23)	2.30	(1.78)	11.79
SSEAX	0.82	0.35	0.48	0.56	0.00	(1.08)	1.17	(1.07)	18.78
SSGAX	0.58	0.15	0.20	0.30	0.29	(0.70)	1.11	(1.05)	8.85
SASDX	0.58	0.15	0.19	0.30	0.26	(0.69)	1.07	(1.04)	8.99
SSMAX	0.84	0.16	0.18	0.22	0.53	(1.01)	1.97	(1.45)	9.44
TFCAX	0.02	0.00	0.00	0.26	0.00	0.00	0.00	0.00	0.30
TFCYX	0.02	0.00	0.00	0.07	0.00	0.00	0.10	0.00	0.40

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