Crm Small Correlations

CRISX Fund

USD 20.49 0.16 0.77%

The current 90-days correlation between Crm Small Cap and Evaluator Conservative Rms is 0.17 (i.e., Average diversification). The correlation of Crm Small 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.

Crm Small Correlation With Market

Very poor diversification

The correlation between Crm Small Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crm Small Cap 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 Crm Small Cap. 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 Crm Mutual Fund

0.93	CRIEX	Crm All Cap	Pair Corr
0.98	CRIAX	Crm Smallmid Cap	Pair Corr
0.92	CRIMX	Crm Mid Cap	Pair Corr
0.93	CRMEX	Crm All Cap	Pair Corr
0.98	CRMAX	Crm Smallmid Cap	Pair Corr
1.0	CRMSX	Crm Small Cap	Pair Corr
0.93	VSMAX	Vanguard Small Cap	Pair Corr
0.97	VSCIX	Vanguard Small Cap	Pair Corr
0.93	VSCPX	Vanguard Small Cap	Pair Corr
0.97	NAESX	Vanguard Small Cap	Pair Corr
0.98	FSSNX	Fidelity Small Cap	Pair Corr
0.98	DFSTX	Us Small Cap	Pair Corr
0.99	PASVX	T Rowe Price	Pair Corr
0.99	PRVIX	T Rowe Price	Pair Corr
0.99	TRZVX	T Rowe Price	Pair Corr
0.99	PRSVX	T Rowe Price	Pair Corr
0.71	FSMMX	Fs Multi Strategy	Pair Corr
0.92	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.92	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.84	VFMFX	Vanguard Multifactor	Pair Corr
0.93	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.89	TRLCX	Tiaa-cref Large-cap	Pair Corr
0.89	GAB	Gabelli Equity Trust	Pair Corr
0.88	AMEIX	Equity Growth	Pair Corr
0.84	SSMOX	Steward Small Mid	Pair Corr
0.94	PRDSX	T Rowe Price	Pair Corr
0.79	WCEYX	Ivy E Equity	Pair Corr
0.84	ACIPX	American Century Mid	Pair Corr

Moving against Crm Mutual Fund

0.68	BTMPX	Ishares Msci Eafe	Pair Corr
0.68	BTMKX	Blackrock International	Pair Corr
0.68	MDIIX	Blackrock Intern Index	Pair Corr

Related Correlations Analysis

	EVFCX	SCAAX	MDDAX	PQCNX	GUDAX	LIGFX	PDNIX
EVFCX		0.47	-0.47	0.43	0.0	0.62	0.8	EVFCX
SCAAX	0.47		-0.62	-0.5	0.0	0.96	0.2	SCAAX
MDDAX	-0.47	-0.62		0.31	0.0	-0.59	-0.26	MDDAX
PQCNX	0.43	-0.5	0.31		0.0	-0.3	0.66	PQCNX
GUDAX	0.0	0.0	0.0	0.0		0.0	0.0	GUDAX
LIGFX	0.62	0.96	-0.59	-0.3	0.0		0.39	LIGFX
PDNIX	0.8	0.2	-0.26	0.66	0.0	0.39		PDNIX
	EVFCX	SCAAX	MDDAX	PQCNX	GUDAX	LIGFX	PDNIX

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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

LIGFX	+ 0.96	SCAAX
PDNIX	+ 0.8	EVFCX
PDNIX	+ 0.66	PQCNX
LIGFX	+ 0.62	EVFCX
SCAAX	+ 0.47	EVFCX
PQCNX	+ 0.43	EVFCX

High negative correlations

MDDAX	- 0.62	SCAAX
LIGFX	- 0.59	MDDAX
PQCNX	- 0.5	SCAAX
MDDAX	- 0.47	EVFCX
LIGFX	- 0.3	PQCNX
PDNIX	- 0.26	MDDAX

Risk-Adjusted Indicators

There is a big difference between Crm Mutual Fund performing well and Crm Small 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 Crm Small'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
EVFCX	0.16	0.00	(0.50)	0.14	0.12	(0.22)	0.40	(0.31)	1.12
SCAAX	0.29	0.00	(0.21)	0.13	0.20	(0.37)	0.79	(0.54)	1.41
MDDAX	0.93	(0.34)	0.00	(0.18)	0.00	0.00	1.16	(1.03)	22.61
PQCNX	0.22	(0.03)	0.00	(0.37)	0.00	0.00	0.46	(0.69)	1.40
GUDAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LIGFX	0.25	(0.01)	(0.31)	0.08	0.21	(0.28)	0.55	(0.50)	1.23
PDNIX	0.15	0.00	(0.49)	0.14	0.11	(0.20)	0.31	(0.31)	0.93

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