Congress Mid Correlations

CMIDX Fund

USD 19.76 0.22 1.13%

The current 90-days correlation between Congress Mid Cap and Lsv Small Cap is 0.32 (i.e., Weak diversification). The correlation of Congress Mid 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.

Congress Mid Correlation With Market

Almost no diversification

The correlation between Congress Mid Cap and DJI is 0.9 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congress Mid Cap 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 Congress Mid Cap. 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 Congress Mutual Fund

0.96	IMIDX	Congress Mid Cap	Pair Corr
0.87	CAMLX	Congress Large Cap	Pair Corr
0.89	CSMCX	Century Small Cap	Pair Corr
0.78	CSMVX	Century Small Cap	Pair Corr
0.94	PAMCX	T Rowe Price	Pair Corr
0.74	RRMGX	T Rowe Price	Pair Corr
0.81	PEMGX	Midcap Fund Class	Pair Corr
0.85	PMBCX	Midcap Fund Class	Pair Corr
0.91	TRQZX	T Rowe Price	Pair Corr
0.81	PRJIX	T Rowe Price	Pair Corr
0.76	RPMGX	T Rowe Price	Pair Corr
0.97	TRUZX	T Rowe Price	Pair Corr
0.88	JGRCX	Janus Enterprise	Pair Corr
0.77	VTSAX	Vanguard Total Stock	Pair Corr
0.75	VFIAX	Vanguard 500 Index	Pair Corr
0.78	VTSMX	Vanguard Total Stock	Pair Corr
0.78	VSMPX	Vanguard Total Stock	Pair Corr
0.78	VITSX	Vanguard Total Stock	Pair Corr
0.78	VSTSX	Vanguard Total Stock	Pair Corr
0.85	VTIAX	Vanguard Total Inter	Pair Corr
0.76	VFINX	Vanguard 500 Index	Pair Corr
0.75	VFFSX	Vanguard 500 Index	Pair Corr
0.85	JHBAX	John Hancock Funds	Pair Corr
0.88	HUBAX	Hartford Ultrashort Bond	Pair Corr
0.96	QISCX	Federated Mdt Small	Pair Corr
0.92	BMGKX	Blackrock Mid Cap	Pair Corr
0.91	JMGMX	Jpmorgan Mid Cap	Pair Corr
0.94	TREPX	Tiaa Cref International	Pair Corr
0.71	KYTFX	Kentucky Tax Free	Pair Corr
0.94	WFMDX	Wells Fargo Special	Pair Corr
0.78	WRHIX	Ivy High Income	Pair Corr
0.87	ARHVX	American Century Inv	Pair Corr
0.65	PGMSX	T Rowe Price	Pair Corr
0.88	TEIHX	Tiaa Cref Equity	Pair Corr
0.82	CIMDX	Clarkston Founders	Pair Corr
0.85	TEDLX	Tiaa Cref Emerging	Pair Corr

Related Correlations Analysis

	WFLLX	BCSIX	NOSGX	STK	SWOBX	ROGSX	GMLGX	UOPSX	LVAQX
WFLLX		-0.88	0.9	0.73	0.9	0.28	0.64	0.08	0.92	WFLLX
BCSIX	-0.88		-0.89	-0.58	-0.75	-0.18	-0.68	-0.05	-0.9	BCSIX
NOSGX	0.9	-0.89		0.7	0.87	0.32	0.66	0.18	0.94	NOSGX
STK	0.73	-0.58	0.7		0.85	0.44	0.69	0.33	0.76	STK
SWOBX	0.9	-0.75	0.87	0.85		0.51	0.72	0.36	0.87	SWOBX
ROGSX	0.28	-0.18	0.32	0.44	0.51		0.66	0.94	0.28	ROGSX
GMLGX	0.64	-0.68	0.66	0.69	0.72	0.66		0.59	0.71	GMLGX
UOPSX	0.08	-0.05	0.18	0.33	0.36	0.94	0.59		0.15	UOPSX
LVAQX	0.92	-0.9	0.94	0.76	0.87	0.28	0.71	0.15		LVAQX
	WFLLX	BCSIX	NOSGX	STK	SWOBX	ROGSX	GMLGX	UOPSX	LVAQX

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

LVAQX	+ 0.94	NOSGX
UOPSX	+ 0.94	ROGSX
LVAQX	+ 0.92	WFLLX
NOSGX	+ 0.9	WFLLX
SWOBX	+ 0.9	WFLLX
SWOBX	+ 0.87	NOSGX

High negative correlations

LVAQX	- 0.9	BCSIX
NOSGX	- 0.89	BCSIX
BCSIX	- 0.88	WFLLX
SWOBX	- 0.75	BCSIX
GMLGX	- 0.68	BCSIX
STK	- 0.58	BCSIX

Risk-Adjusted Indicators

There is a big difference between Congress Mutual Fund performing well and Congress Mid 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 Congress Mid'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
WFLLX	0.37	0.08	0.03	(0.76)	0.21	(0.62)	0.96	(0.70)	2.56
BCSIX	2.11	(1.14)	0.00	(0.56)	0.00	0.00	1.91	(3.03)	55.13
NOSGX	2.31	1.16	1.27	1.07	0.00	(3.16)	2.63	(1.53)	71.02
STK	1.25	0.12	0.03	(4.80)	1.51	(1.27)	2.92	(2.74)	7.38
SWOBX	0.41	0.03	0.00	0.13	0.42	(0.46)	1.12	(0.86)	2.99
ROGSX	0.94	(0.12)	0.00	(0.08)	0.00	0.00	1.38	(2.47)	6.02
GMLGX	0.58	0.01	(0.05)	0.36	0.75	(0.59)	1.36	(1.42)	3.46
UOPSX	1.54	(0.21)	0.00	(0.08)	0.00	0.00	2.98	(4.10)	9.50
LVAQX	0.87	0.20	0.25	0.30	0.43	(1.07)	2.49	(1.31)	7.90

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