Community Reinvestment Correlations

Mutual Funds . USA . 
Fund . Community Reinvestment Act
CRANX Fund  USD 9.45  0.01  0.11%   
The current 90-days correlation between Community Reinvestment and Great West Loomis Sayles is 0.14 (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

Good diversification

The correlation between Community Reinvestment Act and DJI is -0.13 (i.e., Good 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 board of governors.

Moving together with Community Mutual Fund

  0.97CRATX Community ReinvestmentPairCorr
  1.0CRAIX Community ReinvestmentPairCorr
  0.96VBTLX Vanguard Total BondPairCorr
  0.99VBMFX Vanguard Total BondPairCorr
  0.99VBTIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.99VTBIX Vanguard Total BondPairCorr
  0.99VTBNX Vanguard Total BondPairCorr
  0.99BFAFX Bond FundPairCorr
  0.99ABNDX Bond FundPairCorr
  0.99BFACX Bond FundPairCorr
  0.99FFBOX American FundsPairCorr

Moving against Community Mutual Fund

  0.82KSOCX Kinetics Small Cap Steady GrowthPairCorr
  0.82KSCYX Kinetics Small Cap Steady GrowthPairCorr
  0.81KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.81WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.8LETRX Voya Russia FundPairCorr
  0.83GUMPX Guggenheim Market NeutralPairCorr
  0.83FFRHX Fidelity Advisor FloatingPairCorr
  0.82KSCOX Kinetics Small Cap Steady GrowthPairCorr
  0.81KNPAX Kinetics Paradigm Steady GrowthPairCorr
  0.81LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.78KINAX Kinetics InternetPairCorr
  0.78KINCX Kinetics InternetPairCorr
  0.75TWQZX Transamerica Large CapPairCorr
  0.74SDGTX Deutsche Capital GrowthPairCorr
  0.69TRLCX Tiaa-cref Large-capPairCorr
  0.62HFCGX Hennessy Nerstone GrowthPairCorr
  0.61RTSAX Tax Managed MidPairCorr
  0.45MUSDX Us Real EstatePairCorr
  0.41THOPX Thompson BondPairCorr
  0.34BGRFX Baron GrowthPairCorr
  0.81KMKNX Kinetics Market Oppo Steady GrowthPairCorr
  0.8CPLIX Calamos Phineus LongshortPairCorr
  0.79NUSAX Nationwide GovernmentPairCorr
  0.76AMEIX Equity GrowthPairCorr

Related Correlations Analysis

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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.

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