Future Scholar Correlations

CMTQX Fund

USD 15.29 0.01 0.07%

The current 90-days correlation between Future Scholar 529 and Western Asset Diversified is 0.35 (i.e., Weak 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

Significant diversification

The correlation between Future Scholar 529 and DJI is 0.09 (i.e., Significant 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 producer price index.

Moving together with Future Mutual Fund

0.72

MMM

3M Company Fiscal Year End 28th of January 2025

Pair Corr

Moving against Future Mutual Fund

0.33

PFHCX

Pacific Funds Small

Pair Corr

Related Correlations Analysis

	XWDIX	EVFCX	PGFCX	JDJRX
XWDIX		0.45	0.3	0.54	XWDIX
EVFCX	0.45		0.94	0.55	EVFCX
PGFCX	0.3	0.94		0.55	PGFCX
JDJRX	0.54	0.55	0.55		JDJRX
	XWDIX	EVFCX	PGFCX	JDJRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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
XWDIX	0.17	(0.02)	0.00	12.42	0.00	0.00	0.32	(0.38)	1.39
EVFCX	0.16	0.00	(0.53)	0.17	0.12	(0.21)	0.40	(0.31)	1.12
PGFCX	0.23	0.02	(0.35)	0.61	0.20	(0.28)	0.48	(0.48)	1.24
JDJRX	0.44	(0.07)	0.00	(0.06)	0.00	0.00	1.00	(0.89)	2.54

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC