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.
Catholic |
Moving together with Catholic Mutual Fund
0.92 | CRHSX | Catholic Rspnsbl Invst | PairCorr |
0.68 | CRNSX | Catholic Responsible | PairCorr |
0.92 | CROVX | Catholic Responsible | PairCorr |
0.93 | CROSX | Catholic Responsible | PairCorr |
0.91 | VBIRX | Vanguard Short Term | PairCorr |
0.92 | VFSUX | Vanguard Short Term | PairCorr |
0.92 | VFSIX | Vanguard Short Term | PairCorr |
0.87 | VFSTX | Vanguard Short Term | PairCorr |
0.91 | VBITX | Vanguard Short Term | PairCorr |
0.9 | VBISX | Vanguard Short Term | PairCorr |
0.93 | LALDX | Lord Abbett Short | PairCorr |
0.93 | VSCSX | Vanguard Short Term | PairCorr |
0.92 | LDLAX | Lord Abbett Short | PairCorr |
0.93 | LDLRX | Lord Abbett Short | PairCorr |
0.62 | CISGX | Touchstone Sands Capital | PairCorr |
0.83 | UGPIX | Ultrachina Profund | PairCorr |
0.83 | UGPSX | Ultrachina Profund | PairCorr |
0.78 | PLBCX | Pacific Funds Floating | PairCorr |
0.71 | RPEIX | T Rowe Price | PairCorr |
0.91 | HMJFX | Hartford Municipal Short | PairCorr |
0.66 | MEDAX | Mfs Emerging Markets | PairCorr |
Moving against Catholic Mutual Fund
0.51 | CRSSX | Catholic Responsible | PairCorr |
0.39 | CRTVX | Catholic Responsible | PairCorr |
0.39 | CRTSX | Catholic Responsible | PairCorr |
0.35 | JHBCX | Jhancock Blue Chip | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 | 0.30 | 0.80 | |||
TILUX | 0.21 | 0.03 | 0.19 | 0.49 | 0.14 | 0.49 | 1.36 | |||
QMHRX | 0.75 | 0.15 | 0.17 | (0.72) | 0.81 | 1.68 | 3.95 | |||
TIIHX | 0.14 | 0.02 | 0.26 | 0.39 | 0.00 | 0.28 | 0.95 | |||
ABNOX | 0.15 | 0.02 | 0.23 | 0.42 | 0.00 | 0.30 | 0.89 | |||
SLFYX | 0.19 | 0.04 | 0.26 | 2.03 | 0.00 | 0.39 | 1.02 | |||
HIPCX | 0.13 | 0.01 | 0.20 | (0.24) | 0.00 | 0.31 | 0.84 |