Community Reinvestment Correlations

Mutual Funds . USA . 
Fund . Community Reinvestment Act
CRATX Fund  USD 9.56  0.07  0.74%   
The current 90-days correlation between Community Reinvestment and Amg Managers Doubleline is 0.92 (i.e., Almost no 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 -0.11 (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 estimate.

Moving together with Community Mutual Fund

  1.0CRANX Community ReinvestmentPairCorr
  0.99VBTLX 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
  0.99FBOFX American FundsPairCorr
  0.99FFBOX American FundsPairCorr
  0.99BFAFX Bond FundPairCorr
  0.99ABNDX Bond FundPairCorr
  0.71USPSX Profunds Ultrashort Steady GrowthPairCorr
  0.79PDI Pimco Dynamic IncomePairCorr
  0.72USPIX Profunds Ultrashort Steady GrowthPairCorr
  0.78UIPIX Ultrashort Mid Cap Steady GrowthPairCorr
  0.81FTCAX Templeton Strained BondPairCorr
  0.97QCILIX Cref Inflation LinkedPairCorr
  0.64XGNTX Gamco Natural ResourcesPairCorr
  0.88FPPQX Mfs Prudent InvestorPairCorr
  0.76WAGIX Western Asset GlobalPairCorr
  0.97FLDZX Franklin Low DurationPairCorr
  0.99CBFYX Columbia BondPairCorr
  0.99CDBCX Diversified BondPairCorr
  0.99EINFX Elfun IncomePairCorr
  0.99AKGCX Ab Income FundPairCorr
  0.74AQMIX Aqr Managed FuturesPairCorr
  0.78UIPSX Ultrashort Mid Cap Steady GrowthPairCorr
  0.99PTRRX Total ReturnPairCorr
  0.99SCCIX Scout E BondPairCorr
  1.0BAISX Brown Advisory SustaPairCorr
  0.99TWSGX Transwestern InstitutionalPairCorr
  0.87HWDCX Hartford WorldPairCorr

Moving against Community Mutual Fund

  0.81TCTGX Transamerica CleartrackPairCorr
  0.81TDKTX Cleartrack 2015 ClassPairCorr
  0.81TCTJX Transamerica CleartrackPairCorr
  0.8TCSUX Cleartrack 2020 ClassPairCorr

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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