Community Reinvestment Correlations

CRAIX Fund

USD 9.48 0.02 0.21%

The current 90-days correlation between Community Reinvestment and James Balanced Golden is 0.16 (i.e., Average diversification). The correlation of Community Reinvestment 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.

Community Reinvestment Correlation With Market

Average diversification

The correlation between Community Reinvestment Act and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Reinvestment Act 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 Community Reinvestment Act. 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 gross domestic product.

Moving together with Community Mutual Fund

1.0	CRATX	Community Reinvestment	Pair Corr
1.0	CRANX	Community Reinvestment	Pair Corr
0.99	VBTLX	Vanguard Total Bond	Pair Corr
0.96	VBMFX	Vanguard Total Bond	Pair Corr
0.96	VBTIX	Vanguard Total Bond	Pair Corr
0.96	VTBSX	Vanguard Total Bond	Pair Corr
0.96	VTBIX	Vanguard Total Bond	Pair Corr
0.96	VTBNX	Vanguard Total Bond	Pair Corr
0.97	BFAFX	Bond Fund	Pair Corr
0.97	ABNDX	Bond Fund	Pair Corr
0.97	BFACX	Bond Fund	Pair Corr
0.99	FFBOX	American Funds	Pair Corr
0.75	BRUFX	Bruce Fund Bruce	Pair Corr
0.76	KF	Korea Closed	Pair Corr

Moving against Community Mutual Fund

0.65	XGEIX	Guggenheim Energy Income	Pair Corr
0.83	CLM	Cornerstone Strategic	Pair Corr
0.74	FSRFX	Transportation Portfolio	Pair Corr
0.7	SPGSX	State Street Premier	Pair Corr
0.7	CGFFX	Growth Fund	Pair Corr
0.68	FSELX	Fidelity Select Semi	Pair Corr
0.66	MUTHX	Franklin Mutual Shares	Pair Corr
0.65	TBDQX	Pgim Jennison Diversified	Pair Corr
0.64	NBGIX	Neuberger Berman Genesis	Pair Corr
0.62	PRDSX	T Rowe Price	Pair Corr
0.78	BFTHX	Baron Fifth Avenue	Pair Corr
0.76	SMAPX	Salient Mlp Energy	Pair Corr
0.76	AMEIX	Equity Growth	Pair Corr
0.75	VIGAX	Vanguard Growth Index	Pair Corr

Related Correlations Analysis

	GLRBX	GEBRX	XGGNX	OGMCX	GLDAX
GLRBX		0.47	0.48	0.52	0.36	GLRBX
GEBRX	0.47		0.82	0.67	0.59	GEBRX
XGGNX	0.48	0.82		0.85	0.88	XGGNX
OGMCX	0.52	0.67	0.85		0.92	OGMCX
GLDAX	0.36	0.59	0.88	0.92		GLDAX
	GLRBX	GEBRX	XGGNX	OGMCX	GLDAX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Community Mutual Fund performing well and Community Reinvestment 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 Community Reinvestment'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
GLRBX	0.31	(0.03)	(0.22)	0.07	0.37	(0.32)	0.61	(0.70)	1.88
GEBRX	0.79	(0.01)	0.00	0.21	0.00	0.00	1.67	(1.98)	5.77
XGGNX	0.56	(0.05)	0.00	(0.33)	0.00	0.00	1.20	(1.20)	3.86
OGMCX	1.42	0.01	(0.04)	0.15	1.72	(1.49)	2.67	(2.79)	8.66
GLDAX	1.34	(0.04)	0.00	(0.07)	0.00	0.00	2.70	(2.77)	9.26

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