Catholic Rspnsbl Correlations

CRHSX Fund

USD 10.03 0.00 0.00%

The current 90-days correlation between Catholic Rspnsbl Invst and Gabelli Global Financial is -0.17 (i.e., Good diversification). The correlation of Catholic Rspnsbl 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 Rspnsbl Correlation With Market

Very poor diversification

The correlation between Catholic Rspnsbl Invst and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Catholic Rspnsbl Invst 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 Rspnsbl Invst. 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 population.

Moving together with Catholic Mutual Fund

0.83	CMMVX	Catholic Responsible	Pair Corr
0.83	CMMSX	Catholic Responsible	Pair Corr
0.85	CMNVX	Catholic Responsible	Pair Corr
0.84	CMNSX	Catholic Responsible	Pair Corr
0.84	CMPVX	Catholic Responsible	Pair Corr
0.84	CMPSX	Catholic Responsible	Pair Corr
0.85	CMUVX	Catholic Responsible	Pair Corr
0.85	CMUSX	Catholic Responsible	Pair Corr
0.94	CRDSX	Catholic Responsible	Pair Corr
0.83	CRLVX	Catholic Responsible	Pair Corr
0.91	CRNSX	Catholic Responsible	Pair Corr
0.92	CROVX	Catholic Responsible	Pair Corr
0.94	CROSX	Catholic Responsible	Pair Corr
0.78	CRQSX	Catholic Responsible	Pair Corr
0.9	CRSSX	Catholic Responsible	Pair Corr
0.82	CRTVX	Catholic Responsible	Pair Corr
0.82	CRTSX	Catholic Responsible	Pair Corr
0.94	PTSPX	Pimco Short Term	Pair Corr
0.94	PTSHX	Short Term Fund	Pair Corr
0.96	PSFAX	Short Term Fund	Pair Corr
0.94	PTSRX	Short Term Fund	Pair Corr
0.94	PSDNX	Putnam Ultra Short	Pair Corr
0.95	LUSNX	Lord Abbett Ultra	Pair Corr
0.93	MUIIX	Ultra Short Income	Pair Corr
0.93	MUAIX	Ultra Short Income	Pair Corr
0.95	MULSX	Ultra Short Income	Pair Corr
0.89	MBSAX	Multisector Bond Sma	Pair Corr
0.84	NWCAX	Nuveen Winslow Large	Pair Corr
0.82	SCBCX	Qs Servative Growth	Pair Corr
0.87	JAMEX	Jamestown Equity	Pair Corr
0.88	ASCFX	Allianzgi Small Cap	Pair Corr
0.87	LSIRX	Clearbridge Mid Cap	Pair Corr
0.89	UEIPX	Ubs Engage For	Pair Corr
0.86	TBLKX	T Rowe Price	Pair Corr

Related Correlations Analysis

	FNPIX	XFINX	FVAXX	BTO	FIKBX	PSSRX	DVFYX	GCFSX
FNPIX		0.61	0.0	0.74	0.84	0.82	0.89	0.75	FNPIX
XFINX	0.61		0.0	0.52	0.46	0.43	0.6	0.59	XFINX
FVAXX	0.0	0.0		0.0	0.0	0.0	0.0	0.0	FVAXX
BTO	0.74	0.52	0.0		0.87	0.84	0.89	0.9	BTO
FIKBX	0.84	0.46	0.0	0.87		1.0	0.97	0.94	FIKBX
PSSRX	0.82	0.43	0.0	0.84	1.0		0.95	0.92	PSSRX
DVFYX	0.89	0.6	0.0	0.89	0.97	0.95		0.96	DVFYX
GCFSX	0.75	0.59	0.0	0.9	0.94	0.92	0.96		GCFSX
	FNPIX	XFINX	FVAXX	BTO	FIKBX	PSSRX	DVFYX	GCFSX

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PSSRX	+ 1.0	FIKBX
DVFYX	+ 0.97	FIKBX
GCFSX	+ 0.96	DVFYX
DVFYX	+ 0.95	PSSRX
GCFSX	+ 0.94	FIKBX
GCFSX	+ 0.92	PSSRX

High negative correlations

GCFSX	- 0.0	FVAXX
DVFYX	- 0.0	FVAXX
PSSRX	- 0.0	FVAXX
FIKBX	- 0.0	FVAXX
BTO	- 0.0	FVAXX
FVAXX	- 0.0	XFINX

Risk-Adjusted Indicators

There is a big difference between Catholic Mutual Fund performing well and Catholic Rspnsbl 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 Rspnsbl'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
FNPIX	1.02	(0.09)	(0.04)	0.01	1.48	(0.93)	1.85	(2.56)	6.55
XFINX	0.15	(0.01)	(0.18)	0.00	0.26	(0.16)	0.36	(0.43)	1.58
FVAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BTO	0.90	0.05	0.05	0.12	0.95	(0.97)	2.95	(1.84)	5.37
FIKBX	0.75	0.10	0.10	0.17	0.73	(0.82)	1.70	(1.63)	8.31
PSSRX	0.88	0.14	0.14	0.19	0.74	(1.01)	1.90	(1.75)	12.65
DVFYX	0.65	0.11	0.11	0.20	0.67	(0.68)	1.62	(1.26)	4.16
GCFSX	0.49	0.16	0.13	1.01	0.48	(0.58)	1.15	(1.04)	3.77

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