Future Scholar Correlations

CLGAX Fund

USD 11.66 0.02 0.17%

The current 90-days correlation between Future Scholar 529 and Vanguard Total Stock is -0.09 (i.e., Good diversification). The correlation of Future Scholar 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.

Future Scholar Correlation With Market

Good diversification

The correlation between Future Scholar 529 and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Future Scholar 529 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 Future Scholar 529. 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 nation.

Moving against Future Mutual Fund

0.78	LETRX	Voya Russia Fund	Pair Corr
0.73	KSOCX	Kinetics Small Cap	Pair Corr
0.73	KSCYX	Kinetics Small Cap	Pair Corr
0.73	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.72	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.72	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.7	KINAX	Kinetics Internet	Pair Corr
0.63	VFIAX	Vanguard 500 Index	Pair Corr
0.62	VTSAX	Vanguard Total Stock	Pair Corr
0.62	VTSMX	Vanguard Total Stock	Pair Corr
0.62	VITSX	Vanguard Total Stock	Pair Corr
0.62	VSTSX	Vanguard Total Stock	Pair Corr
0.62	VSMPX	Vanguard Total Stock	Pair Corr
0.61	VFINX	Vanguard 500 Index	Pair Corr
0.61	VFFSX	Vanguard 500 Index	Pair Corr
0.76	FIKHX	Fidelity Advisor Tec	Pair Corr
0.74	CLM	Cornerstone Strategic	Pair Corr
0.73	KSCOX	Kinetics Small Cap	Pair Corr
0.73	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.7	KINCX	Kinetics Internet	Pair Corr
0.66	AMEIX	Equity Growth	Pair Corr
0.65	GCPYX	Gateway Equity Call	Pair Corr
0.65	FSRFX	Transportation Portfolio	Pair Corr
0.65	VIGAX	Vanguard Growth Index	Pair Corr
0.58	RNGHX	New Economy Fund	Pair Corr
0.55	LGWIX	Ladenburg Growth	Pair Corr
0.5	VWENX	Vanguard Wellington	Pair Corr
0.35	LEZAX	Blackrock Lifepath Esg	Pair Corr
0.67	WCPSX	Mobile Telecommunicatio	Pair Corr
0.66	SMAPX	Salient Mlp Energy	Pair Corr
0.65	CSQ	Calamos Strategic Total	Pair Corr
0.6	FHCOX	Federated Hermes Con	Pair Corr
0.6	PRCCX	Putnam Convertible Incm	Pair Corr
0.58	RYMDX	Mid Cap 15x	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.96	1.0	1.0	1.0	1.0	1.0	1.0	-0.25	-0.25	VTSAX
VFIAX	0.96		0.96	0.96	0.96	0.96	0.96	0.96	-0.25	-0.25	VFIAX
VTSMX	1.0	0.96		1.0	1.0	1.0	1.0	1.0	-0.25	-0.25	VTSMX
VITSX	1.0	0.96	1.0		1.0	1.0	1.0	1.0	-0.25	-0.25	VITSX
VSTSX	1.0	0.96	1.0	1.0		1.0	1.0	1.0	-0.25	-0.25	VSTSX
VSMPX	1.0	0.96	1.0	1.0	1.0		1.0	1.0	-0.25	-0.25	VSMPX
VFINX	1.0	0.96	1.0	1.0	1.0	1.0		1.0	-0.21	-0.2	VFINX
VFFSX	1.0	0.96	1.0	1.0	1.0	1.0	1.0		-0.21	-0.21	VFFSX
VGTSX	-0.25	-0.25	-0.25	-0.25	-0.25	-0.25	-0.21	-0.21		1.0	VGTSX
VTIAX	-0.25	-0.25	-0.25	-0.25	-0.25	-0.25	-0.2	-0.21	1.0		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

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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

VTSMX	+ 1.0	VTSAX
VITSX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFINX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX

High negative correlations

VTIAX	- 0.25	VSMPX
VGTSX	- 0.25	VSMPX
VTIAX	- 0.25	VSTSX
VGTSX	- 0.25	VSTSX
VTIAX	- 0.25	VITSX
VGTSX	- 0.25	VITSX

Risk-Adjusted Indicators

There is a big difference between Future Mutual Fund performing well and Future Scholar 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 Future Scholar'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
VTSAX	0.57	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.31)	4.11
VFIAX	0.55	0.10	(0.04)	(4.14)	0.66	(0.56)	1.17	(1.31)	3.84
VTSMX	0.56	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.31)	4.11
VITSX	0.57	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.31)	4.11
VSTSX	0.57	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.31)	4.11
VSMPX	0.57	0.01	0.00	0.14	0.65	(0.61)	1.10	(1.30)	4.11
VFINX	0.55	0.01	(0.02)	0.14	0.65	(0.57)	1.17	(1.31)	3.84
VFFSX	0.55	0.01	(0.02)	0.14	0.65	(0.56)	1.17	(1.31)	3.84
VGTSX	0.62	(0.09)	0.00	(0.08)	0.00	0.00	1.15	(1.56)	4.09
VTIAX	0.62	(0.09)	0.00	(0.08)	0.00	0.00	1.15	(1.59)	4.11

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