Evaluator Aggressive Correlations

Mutual Funds . USA . 
Fund . Evaluator Aggressive Rms
EVAGX Fund  USD 13.99  0.04  0.29%   
The current 90-days correlation between Evaluator Aggressive Rms and Evaluator Very Conservative is -0.08 (i.e., Good diversification). The correlation of Evaluator Aggressive 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.

Evaluator Aggressive Correlation With Market

Poor diversification

The correlation between Evaluator Aggressive Rms and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Aggressive Rms and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Evaluator Aggressive Rms. 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 census.

Moving together with Evaluator Mutual Fund

  0.72EVFTX Evaluator TacticallyPairCorr
  1.0EVFGX Evaluator Aggressive RmsPairCorr
  0.63EVFCX Evaluator ConservativePairCorr
  0.79EVGLX Evaluator Growth RmsPairCorr
  0.78EVMLX Evaluator Moderate RmsPairCorr
  0.61EVVLX Evaluator Very ConsePairCorr
  0.76GWPCX American Funds GrowthPairCorr
  0.67GWPFX American Funds GrowthPairCorr
  0.77GWPAX American Funds GrowthPairCorr
  0.76CGRGX American Funds GrowthPairCorr
  0.77FPGGX American Funds GrowthPairCorr
  0.77FGPGX American Funds GrowthPairCorr
  0.71MUTHX Franklin Mutual SharesPairCorr
  0.71TESRX Franklin Mutual SharesPairCorr
  0.71FMSHX Franklin Mutual SharesPairCorr
  0.77CGQGX American Funds GrowthPairCorr
  0.7VTSAX Vanguard Total StockPairCorr
  0.68VITSX Vanguard Total StockPairCorr
  0.69VTIAX Vanguard Total InterPairCorr
  0.64BRSUX Mfs Blended ResearchPairCorr
  0.72FOTKX Fidelity Freedom 2010PairCorr
  0.93FIJPX Fidelity Advisor FreedomPairCorr
  0.73FDGLX Fidelity Advisor FreedomPairCorr
  0.71FWTKX Fidelity Freedom 2035PairCorr
  0.93FFFJX Fidelity Advisor FreedomPairCorr
  0.65LDMYX Lord Abbett EmergingPairCorr
  0.68CCFTX American Funds 2035PairCorr
  0.71FFFLX Fidelity Advisor FreedomPairCorr
  0.72CMUVX Catholic ResponsiblePairCorr
  0.67CVAAX Calamos OpportunisticPairCorr
  0.65FMSFX Fidelity Advisor MortgagePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Aggressive 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 Evaluator Aggressive'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
EVAGX  0.94  0.45  0.43 (1.51) 0.00 
(1.18)
 1.24 
(1.23)
 23.30 
EVFTX  0.35  0.04  0.00  0.16  0.29 
(0.41)
 0.73 
(0.73)
 2.28 
EVFMX  0.55  0.18  0.17 (5.36) 0.21 
(0.67)
 0.89 
(0.87)
 8.74 
EVFGX  0.93  0.45  0.44 (1.51) 0.00 
(1.14)
 1.24 
(1.22)
 23.16 
EVGRX  0.92  0.41  0.49  0.84  0.00 
(1.13)
 1.08 
(1.07)
 23.18 
EVGLX  0.93  0.41  0.50  0.86  0.00 
(1.16)
 1.11 
(1.08)
 23.52 
EVMLX  0.55  0.16  0.19  0.37  0.14 
(0.68)
 0.88 
(0.87)
 8.74 
EVTTX  0.33  0.02 (0.04) 0.11  0.32 
(0.38)
 0.71 
(0.72)
 1.63 
EVVLX  0.18  0.00 (0.20) 0.08  0.13 
(0.22)
 0.41 
(0.41)
 0.93 
EVVCX  0.17  0.00 (0.22) 0.07  0.10 
(0.23)
 0.31 
(0.40)
 1.01 

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