Conquer Risk Correlations

CRTBX Fund

USD 10.82 0.11 1.03%

The current 90-days correlation between Conquer Risk Tactical and Conquer Risk Defensive is 0.83 (i.e., Very poor diversification). The correlation of Conquer Risk 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.

Conquer Risk Correlation With Market

Very poor diversification

The correlation between Conquer Risk Tactical and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Conquer Risk Tactical 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 Conquer Risk Tactical. 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 bureau of labor statistics.

Moving together with Conquer Mutual Fund

0.97	CRDBX	Conquer Risk Defensive	Pair Corr
0.86	CRMVX	Conquer Risk Managed	Pair Corr
0.94	CRTOX	Conquer Risk Tactical	Pair Corr
0.67	PFN	Pimco Income Strategy	Pair Corr
0.75	XNKGX	Nuveen Georgia Quality	Pair Corr
0.83	XPPRX	Voya Prime Rate	Pair Corr
0.83	PCF	Putnam High Income	Pair Corr
0.72	VMRXX	Vanguard Money Market	Pair Corr
0.93	FINFX	American Funds Funda	Pair Corr
0.98	CISIX	Calvert Large Cap	Pair Corr
0.98	VIMAX	Vanguard Mid Cap	Pair Corr
0.93	JABRX	Janus Balanced	Pair Corr
0.91	AIWEX	World Energy	Pair Corr
0.95	FDMLX	Fidelity Series Intrinsic	Pair Corr
0.81	RULFX	Rbc Ultra Short	Pair Corr
0.88	VHCAX	Vanguard Capital Opp	Pair Corr
0.8	FGB	First Trust Specialty	Pair Corr
0.89	AMRFX	American Mutual	Pair Corr
0.95	NOIEX	Northern Income Equity	Pair Corr
0.87	AMLPX	Maingate Mlp	Pair Corr
0.93	FOCPX	Fidelity Otc Portfolio	Pair Corr
0.97	ANOIX	Small Cap Growth	Pair Corr
0.95	CGAAX	Columbia Growth 529	Pair Corr

Moving against Conquer Mutual Fund

0.65	XNXJX	Nuveen New Jersey	Pair Corr
0.49	PAUPX	Pimco All Asset	Pair Corr
0.47	PAUIX	Pimco All Asset	Pair Corr
0.33	XDSMX	Dreyfus Strategic	Pair Corr
0.61	XNBHX	Neuberger Berman Int	Pair Corr

Related Correlations Analysis

	CRDBX	CRMVX	CRTOX	VWENX	WBCIX	VTSMX	WAEXX	RIV	GRSPX
CRDBX		0.88	0.95	0.96	0.95	0.98	0.72	0.66	0.94	CRDBX
CRMVX	0.88		0.81	0.87	0.87	0.85	0.64	0.74	0.79	CRMVX
CRTOX	0.95	0.81		0.91	0.92	0.96	0.7	0.54	0.97	CRTOX
VWENX	0.96	0.87	0.91		0.96	0.98	0.7	0.72	0.93	VWENX
WBCIX	0.95	0.87	0.92	0.96		0.97	0.65	0.64	0.95	WBCIX
VTSMX	0.98	0.85	0.96	0.98	0.97		0.76	0.69	0.97	VTSMX
WAEXX	0.72	0.64	0.7	0.7	0.65	0.76		0.78	0.7	WAEXX
RIV	0.66	0.74	0.54	0.72	0.64	0.69	0.78		0.57	RIV
GRSPX	0.94	0.79	0.97	0.93	0.95	0.97	0.7	0.57		GRSPX
	CRDBX	CRMVX	CRTOX	VWENX	WBCIX	VTSMX	WAEXX	RIV	GRSPX

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Risk-Adjusted Indicators

There is a big difference between Conquer Mutual Fund performing well and Conquer Risk 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 Conquer Risk'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
CRDBX	0.73	0.01	0.01	0.13	0.90	(0.89)	1.57	(1.58)	6.51
CRMVX	0.14	0.01	(0.48)	0.17	0.00	(0.18)	0.30	(0.29)	0.79
CRTOX	0.59	0.04	0.02	0.17	0.57	(0.82)	1.69	(0.89)	4.22
VWENX	0.38	(0.02)	(0.13)	0.08	0.48	(0.39)	0.80	(0.83)	2.49
WBCIX	0.70	0.02	0.03	0.14	0.72	(0.80)	1.54	(1.41)	4.66
VTSMX	0.58	0.01	0.00	0.13	0.64	(0.62)	1.29	(1.31)	4.11
WAEXX	0.03	0.01	0.00	(2.21)	0.00	0.00	0.00	0.00	1.01
RIV	0.49	0.02	(0.11)	0.21	0.52	(0.56)	1.04	(1.04)	2.80
GRSPX	0.67	0.03	0.05	0.15	0.68	(0.76)	1.50	(0.90)	5.98

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