Cm Commodity Correlations

CMCAX Fund

USD 67.20 0.86 1.26%

The current 90-days correlation between Cm Modity Index and Brown Advisory Growth is 0.26 (i.e., Modest diversification). The correlation of Cm Commodity 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.

Cm Commodity Correlation With Market

Poor diversification

The correlation between Cm Modity Index and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cm Modity Index 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 Cm Modity Index. 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 together with CMCAX Mutual Fund

0.76	EMRIX	Emerging Markets	Pair Corr
0.93	EMRZX	Vaneck Emerging Markets	Pair Corr
0.95	EMRYX	Emerging Markets	Pair Corr
0.9	INIVX	International Investors Steady Growth	Pair Corr
0.85	INIYX	International Investors Steady Growth	Pair Corr
0.9	INIIX	International Investors Steady Growth	Pair Corr
0.75	GHAIX	Global Hard Assets	Pair Corr
0.75	GHAYX	Global Hard Assets	Pair Corr
0.95	GHAAX	Global Hard Assets	Pair Corr
1.0	CMCYX	Cm Modity Index	Pair Corr
1.0	COMIX	Cm Modity Index	Pair Corr
0.77	MWMIX	Vaneck Morningstar Wide	Pair Corr
0.77	MWMZX	Vaneck Morningstar Wide	Pair Corr
0.85	IIGCX	International Investors Steady Growth	Pair Corr
0.95	GBFAX	Emerging Markets	Pair Corr
0.99	PCRIX	Commodityrealreturn	Pair Corr
0.99	PCRRX	Commodityrealreturn	Pair Corr
0.99	PCRPX	Pimco Modityrealreturn	Pair Corr
0.94	PCSRX	Commodityrealreturn	Pair Corr
0.92	FIFGX	Fidelity Sai Inflati	Pair Corr
0.94	PCLAX	Pimco Commoditiesplus	Pair Corr
0.99	PCPCX	Pimco Commoditiesplus	Pair Corr
0.99	PCLNX	Pimco Commoditiesplus	Pair Corr
0.99	PCRAX	Commodityrealreturn	Pair Corr
0.94	PCRCX	Commodityrealreturn	Pair Corr
0.82	SMPIX	Semiconductor Ultrasector	Pair Corr
0.81	SMPSX	Semiconductor Ultrasector	Pair Corr
0.85	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.9	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.86	FGADX	Franklin Gold Precious	Pair Corr
0.9	OCMGX	Ocm Mutual Fund	Pair Corr
0.85	FKRCX	Franklin Gold Precious Downward Rally	Pair Corr
0.86	OCMAX	Ocm Mutual Fund	Pair Corr
0.76	EKWCX	Wells Fargo Advantage Steady Growth	Pair Corr
0.85	ETCMX	Eventide Multi Asset	Pair Corr
0.93	MKILX	Blackrock International	Pair Corr
0.76	FHAQX	Fidelity Freedom Blend	Pair Corr
0.89	BBINX	Bbh Intermediate Mun	Pair Corr

Related Correlations Analysis

	PSLDX	SWLSX	CSVFX	CLSYX	MXYKX	PRRSX	NCGFX	TCVIX	BIAGX	BAGAX
PSLDX		0.38	0.62	0.64	0.65	0.46	0.61	0.59	-0.43	-0.25	PSLDX
SWLSX	0.38		-0.12	-0.14	0.51	-0.44	0.27	-0.13	-0.02	0.57	SWLSX
CSVFX	0.62	-0.12		0.99	0.58	0.73	0.77	0.96	-0.84	-0.86	CSVFX
CLSYX	0.64	-0.14	0.99		0.56	0.72	0.75	0.95	-0.84	-0.86	CLSYX
MXYKX	0.65	0.51	0.58	0.56		0.24	0.65	0.65	-0.6	-0.2	MXYKX
PRRSX	0.46	-0.44	0.73	0.72	0.24		0.36	0.72	-0.4	-0.72	PRRSX
NCGFX	0.61	0.27	0.77	0.75	0.65	0.36		0.68	-0.81	-0.48	NCGFX
TCVIX	0.59	-0.13	0.96	0.95	0.65	0.72	0.68		-0.82	-0.83	TCVIX
BIAGX	-0.43	-0.02	-0.84	-0.84	-0.6	-0.4	-0.81	-0.82		0.74	BIAGX
BAGAX	-0.25	0.57	-0.86	-0.86	-0.2	-0.72	-0.48	-0.83	0.74		BAGAX
	PSLDX	SWLSX	CSVFX	CLSYX	MXYKX	PRRSX	NCGFX	TCVIX	BIAGX	BAGAX

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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

CLSYX	+ 0.99	CSVFX
TCVIX	+ 0.96	CSVFX
TCVIX	+ 0.95	CLSYX
NCGFX	+ 0.77	CSVFX
NCGFX	+ 0.75	CLSYX
BAGAX	+ 0.74	BIAGX

High negative correlations

BAGAX	- 0.86	CLSYX
BAGAX	- 0.86	CSVFX
BIAGX	- 0.84	CLSYX
BIAGX	- 0.84	CSVFX
BAGAX	- 0.83	TCVIX
BIAGX	- 0.82	TCVIX

Risk-Adjusted Indicators

There is a big difference between CMCAX Mutual Fund performing well and Cm Commodity 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 Cm Commodity'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
PSLDX	0.71	0.02	(0.02)	0.21	0.97	(0.75)	1.57	(1.53)	5.25
SWLSX	0.78	(0.14)	0.00	(0.12)	0.00	0.00	1.39	(1.97)	4.88
CSVFX	0.59	0.23	0.31	0.42	0.19	(0.73)	1.71	(1.09)	3.15
CLSYX	0.60	0.28	0.31	6.19	0.08	(0.75)	1.67	(1.09)	3.20
MXYKX	0.65	(0.04)	(0.05)	0.02	0.78	(0.71)	1.62	(1.65)	3.77
PRRSX	0.61	0.10	0.07	0.36	0.71	(0.63)	1.46	(1.25)	3.27
NCGFX	0.70	0.17	0.19	0.37	0.50	(0.87)	1.30	(1.29)	10.82
TCVIX	0.69	0.20	0.25	0.28	0.36	(0.79)	1.85	(1.09)	5.03
BIAGX	1.68	(0.92)	0.00	(1.35)	0.00	0.00	1.21	(2.02)	48.50
BAGAX	0.73	(0.28)	0.00	(0.27)	0.00	0.00	1.09	(2.02)	4.37

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