Catholic Responsible Correlations

CRDSX Fund

USD 9.69 0.02 0.21%

The current 90-days correlation between Catholic Responsible and The Hartford Inflation is 0.09 (i.e., Significant diversification). The correlation of Catholic Responsible 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.

Catholic Responsible Correlation With Market

Good diversification

The correlation between Catholic Responsible Investmen and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Responsible Investmen 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 Catholic Responsible Investments. 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 state.

Moving together with Catholic Mutual Fund

0.92	CRHSX	Catholic Rspnsbl Invst	Pair Corr
0.68	CRNSX	Catholic Responsible	Pair Corr
0.92	CROVX	Catholic Responsible	Pair Corr
0.93	CROSX	Catholic Responsible	Pair Corr
0.91	VBIRX	Vanguard Short Term	Pair Corr
0.92	VFSUX	Vanguard Short Term	Pair Corr
0.92	VFSIX	Vanguard Short Term	Pair Corr
0.87	VFSTX	Vanguard Short Term	Pair Corr
0.91	VBITX	Vanguard Short Term	Pair Corr
0.9	VBISX	Vanguard Short Term	Pair Corr
0.93	LALDX	Lord Abbett Short	Pair Corr
0.93	VSCSX	Vanguard Short Term	Pair Corr
0.92	LDLAX	Lord Abbett Short	Pair Corr
0.93	LDLRX	Lord Abbett Short	Pair Corr
0.62	CISGX	Touchstone Sands Capital	Pair Corr
0.83	UGPIX	Ultrachina Profund	Pair Corr
0.83	UGPSX	Ultrachina Profund	Pair Corr
0.78	PLBCX	Pacific Funds Floating	Pair Corr
0.71	RPEIX	T Rowe Price	Pair Corr
0.91	HMJFX	Hartford Municipal Short	Pair Corr
0.66	MEDAX	Mfs Emerging Markets	Pair Corr

Moving against Catholic Mutual Fund

0.51	CRSSX	Catholic Responsible	Pair Corr
0.39	CRTVX	Catholic Responsible	Pair Corr
0.39	CRTSX	Catholic Responsible	Pair Corr
0.35	JHBCX	Jhancock Blue Chip	Pair Corr

Related Correlations Analysis

	HIPAX	TILUX	QMHRX	TIIHX	ABNOX	SLFYX	HIPCX
HIPAX		0.99	0.43	0.98	0.98	0.81	0.96	HIPAX
TILUX	0.99		0.35	0.96	0.96	0.74	0.96	TILUX
QMHRX	0.43	0.35		0.51	0.54	0.71	0.38	QMHRX
TIIHX	0.98	0.96	0.51		1.0	0.86	0.92	TIIHX
ABNOX	0.98	0.96	0.54	1.0		0.87	0.92	ABNOX
SLFYX	0.81	0.74	0.71	0.86	0.87		0.71	SLFYX
HIPCX	0.96	0.96	0.38	0.92	0.92	0.71		HIPCX
	HIPAX	TILUX	QMHRX	TIIHX	ABNOX	SLFYX	HIPCX

Click cells to compare fundamentals

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Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Responsible 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 Catholic Responsible'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
HIPAX	0.14	0.02	0.22	0.25	0.00	(0.19)	0.30	(0.30)	0.80
TILUX	0.21	0.03	0.19	0.49	0.14	(0.28)	0.49	(0.37)	1.36
QMHRX	0.75	0.15	0.17	(0.72)	0.81	(0.85)	1.68	(1.42)	3.95
TIIHX	0.14	0.02	0.26	0.39	0.00	(0.18)	0.28	(0.29)	0.95
ABNOX	0.15	0.02	0.23	0.42	0.00	(0.18)	0.30	(0.30)	0.89
SLFYX	0.19	0.04	0.26	2.03	0.00	(0.26)	0.39	(0.38)	1.02
HIPCX	0.13	0.01	0.20	(0.24)	0.00	(0.18)	0.31	(0.31)	0.84

Trending Assets

HIPCX

The Hartford Inflation

9.69 0.03 0.31

TILUX

Inflation Linked Fixed

8.33 0.03 0.36

QMHRX

Aqr Managed Futures

8.86 -0.08 -0.89

HIPAX

The Hartford Inflation

10.16 0.05 0.49

SLFYX

Simt Multi Asset

7.98 -0.01 -0.13

TIIHX

Tiaa Cref Inflation

10.77 0.05 0.47

ABNOX

Ab Bond Inflation

10.32 0.04 0.39

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