Crow Point Correlations

CGHIX Fund  USD 11.18  0.08  0.71%   
The current 90-days correlation between Crow Point Defined and Prudential Emerging Markets is 0.07 (i.e., Significant diversification). The correlation of Crow Point 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.

Crow Point Correlation With Market

Poor diversification

The correlation between Crow Point Defined and DJI is 0.62 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crow Point Defined 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 Crow Point Defined. 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 gross domestic product.

Moving together with Crow Mutual Fund

  0.85AIIFX Timber Point AlternativePairCorr
  0.87PAALX All Asset FundPairCorr
  0.87PATRX Pimco All AssetPairCorr
  0.89PASAX All Asset FundPairCorr
  0.86PAUPX Pimco All AssetPairCorr
  0.86PAUIX Pimco All AssetPairCorr
  0.82WARRX Wells Fargo AdvantagePairCorr
  0.76SMPSX Semiconductor UltrasectorPairCorr
  0.86RSNRX Victory Global Natural Steady GrowthPairCorr
  0.86RSNYX Victory Global Natural Steady GrowthPairCorr
  0.65SPMPX Invesco Steelpath MlpPairCorr
  0.66SPMJX Invesco Steelpath MlpPairCorr
  0.86RGNCX Victory Global Natural Steady GrowthPairCorr
  0.66MLPNX Oppenheimer Steelpath MlpPairCorr
  0.84FIKGX Fidelity Advisor SemPairCorr
  0.87FSELX Fidelity Select SemiPairCorr
  0.81DEVIX Delaware Small CapPairCorr
  0.87VQSRX Virtus Kar SmallPairCorr
  0.93CSVYX Columbia Small CapPairCorr
  0.7FGODX Oklahoma College SavingsPairCorr
  0.86FYMMX Fidelity Advisor SusPairCorr
  0.97CAAYX Invesco ConservativePairCorr
  0.76DNMDX Dunham Monthly DistrPairCorr
  0.8PWCIX Principal CapitalPairCorr
  0.74LRSPX Small Cap ValuePairCorr
  0.8MNDWX Manning Napier DiverPairCorr
  0.68PMAQX Midcap Fund RPairCorr
  0.84CILGX Clarkston Fund InstiPairCorr
  0.72GIFCX Guggenheim Floating RatePairCorr
  0.68DTDRX Dimensional 2065 TargetPairCorr
  0.85SSEIX Amg Southernsun EquityPairCorr
  0.96VTTVX Vanguard Target RetiPairCorr
  0.8OTCAX Mfs Mid CapPairCorr
  0.83BGKEX Emerging MarketsPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Crow Mutual Fund performing well and Crow Point 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 Crow Point'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.