Vaneck Environmental Correlations
| ENVAX Fund | USD 16.44 0.00 0.00% |
The correlation of Vaneck Environmental 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.
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Risk-Adjusted Indicators
There is a big difference between Vaneck Mutual Fund performing well and Vaneck Environmental 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 Vaneck Environmental'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VEIPX | 0.49 | (0.01) | (0.06) | 0.11 | 0.38 | 1.03 | 3.73 | |||
| PLAAX | 0.62 | 0.02 | 0.00 | 0.15 | 0.78 | 1.45 | 4.19 | |||
| TFCCX | 0.50 | 0.11 | (0.02) | (5.13) | 0.38 | 0.93 | 3.59 | |||
| DFELX | 0.56 | 0.00 | (0.02) | 0.12 | 0.70 | 1.15 | 3.90 | |||
| GSVTX | 0.50 | 0.01 | (0.03) | 0.13 | 0.32 | 1.09 | 3.64 | |||
| WSHFX | 0.50 | (0.03) | (0.08) | 0.08 | 0.59 | 0.99 | 3.31 | |||
| TADGX | 0.48 | (0.04) | (0.12) | 0.07 | 0.52 | 0.99 | 2.87 |