Catholic Values Correlations
| CFVYX Fund | USD 8.77 0.01 0.11% |
The current 90-days correlation between Catholic Values Fixed and Tiaa Cref High Yield Fund is 0.01 (i.e., Significant 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
Weak diversification
The correlation between Catholic Values Fixed and DJI is 0.34 (i.e., Weak 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.
Catholic |
Moving together with Catholic Mutual Fund
| 0.89 | DODIX | Dodge Income | PairCorr |
| 0.89 | DOXIX | Dodge Cox Income | PairCorr |
| 0.91 | FIWGX | Strategic Advisers | PairCorr |
| 0.88 | MWTNX | Metropolitan West Total | PairCorr |
| 0.87 | MWTSX | Metropolitan West Total | PairCorr |
| 0.83 | PTTPX | Pimco Total Return | PairCorr |
| 0.86 | PTRRX | Total Return | PairCorr |
| 0.86 | PTRAX | Total Return | PairCorr |
| 0.83 | PTTRX | Total Return | PairCorr |
| 0.93 | PDBSX | Prudential Total Return | PairCorr |
Related Correlations Analysis
| 0.95 | 0.98 | 0.94 | 0.96 | 0.93 | SEIYX | ||
| 0.95 | 0.96 | 0.98 | 0.98 | 0.97 | PYRLX | ||
| 0.98 | 0.96 | 0.96 | 0.96 | 0.96 | SGYAX | ||
| 0.94 | 0.98 | 0.96 | 0.95 | 0.99 | CYBAX | ||
| 0.96 | 0.98 | 0.96 | 0.95 | 0.95 | MHYRX | ||
| 0.93 | 0.97 | 0.96 | 0.99 | 0.95 | TIYRX | ||
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SEIYX | 0.14 | 0.03 | (0.16) | 1.10 | 0.00 | 0.40 | 1.20 | |||
| PYRLX | 0.09 | 0.02 | (0.39) | 1.21 | 0.00 | 0.24 | 0.55 | |||
| SGYAX | 0.12 | 0.03 | (0.23) | 1.67 | 0.00 | 0.57 | 0.87 | |||
| CYBAX | 0.10 | 0.00 | (0.45) | 0.00 | 0.00 | 0.24 | 0.80 | |||
| MHYRX | 0.09 | 0.01 | (0.27) | 0.19 | 0.00 | 0.19 | 0.39 | |||
| TIYRX | 0.13 | 0.02 | (0.26) | 1.40 | 0.00 | 0.34 | 0.91 |