Congress Large Correlations
| CMLIX Fund | USD 48.41 0.35 0.73% |
The current 90-days correlation between Congress Large Cap and Century Small Cap is 0.7 (i.e., Poor diversification). The correlation of Congress Large 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 Large Correlation With Market
Significant diversification
The correlation between Congress Large Cap and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congress Large Cap and DJI in the same portfolio, assuming nothing else is changed.
Congress |
Moving together with Congress Mutual Fund
| 1.0 | CAMLX | Congress Large Cap | PairCorr |
| 0.94 | VIGAX | Vanguard Growth Index | PairCorr |
| 0.87 | AGTHX | Growth Fund | PairCorr |
| 0.88 | GFACX | Growth Fund | PairCorr |
| 0.87 | GFAFX | Growth Fund | PairCorr |
| 0.87 | CGFFX | Growth Fund | PairCorr |
| 0.88 | CGFCX | Growth Fund | PairCorr |
| 0.87 | CGFAX | Growth Fund | PairCorr |
| 0.87 | CGFEX | Growth Fund | PairCorr |
Moving against Congress Mutual Fund
| 0.42 | VWALX | Vanguard High Yield | PairCorr |
| 0.32 | RGVJX | Us Government Securities | PairCorr |
| 0.31 | KF | Korea Closed | PairCorr |
| 0.34 | DIFFX | Mfs Diversified Income | PairCorr |
Related Correlations Analysis
| 1.0 | -0.1 | -0.11 | 0.88 | 0.92 | IMIDX | ||
| 1.0 | -0.1 | -0.11 | 0.88 | 0.92 | CMIDX | ||
| -0.1 | -0.1 | 1.0 | -0.01 | 0.0 | CMLIX | ||
| -0.11 | -0.11 | 1.0 | -0.02 | -0.01 | CAMLX | ||
| 0.88 | 0.88 | -0.01 | -0.02 | 0.98 | CSMCX | ||
| 0.92 | 0.92 | 0.0 | -0.01 | 0.98 | CSMVX | ||
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Congress Mutual Fund performing well and Congress Large 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 Large'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IMIDX | 0.87 | 0.01 | 0.01 | 0.08 | 0.93 | 1.55 | 4.98 | |||
| CMIDX | 0.87 | 0.01 | 0.01 | 0.08 | 0.93 | 1.57 | 5.05 | |||
| CMLIX | 0.64 | (0.08) | 0.00 | (0.03) | 0.00 | 1.09 | 3.92 | |||
| CAMLX | 0.64 | (0.08) | 0.00 | (0.03) | 0.00 | 1.08 | 3.92 | |||
| CSMCX | 1.00 | 0.07 | 0.09 | 0.12 | 0.93 | 2.71 | 6.01 | |||
| CSMVX | 0.96 | 0.04 | 0.06 | 0.10 | 0.96 | 2.62 | 6.00 |