Evaluator Moderate Correlations

EVFMX Fund

USD 11.71 0.06 0.52%

The current 90-days correlation between Evaluator Moderate Rms and Guggenheim Managed Futures is 0.44 (i.e., Very weak diversification). The correlation of Evaluator Moderate 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 Moderate Correlation With Market

Very poor diversification

The correlation between Evaluator Moderate Rms and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Moderate 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 Moderate 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 board of governors.

Moving together with Evaluator Mutual Fund

1.0	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.97	EVFTX	Evaluator Tactically	Pair Corr
1.0	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.9	EVFCX	Evaluator Conservative	Pair Corr
0.99	EVGRX	Evaluator Growth Rms	Pair Corr
0.99	EVGLX	Evaluator Growth Rms	Pair Corr
1.0	EVMLX	Evaluator Moderate Rms	Pair Corr
0.91	EVTTX	Evaluator Tactically	Pair Corr
0.88	EVVLX	Evaluator Very Conse	Pair Corr
0.88	EVVCX	Evaluator Very Conse	Pair Corr
0.91	ABALX	American Balanced	Pair Corr
0.9	BALCX	American Balanced	Pair Corr
0.93	BALFX	American Balanced	Pair Corr
0.89	FBONX	American Funds American	Pair Corr
0.89	FBAFX	American Funds American	Pair Corr
0.89	RLBCX	American Balanced	Pair Corr
0.89	RLBBX	American Balanced	Pair Corr
0.92	CLBAX	American Balanced	Pair Corr
0.89	CLBEX	American Balanced	Pair Corr
0.89	RLBFX	American Balanced	Pair Corr
0.8	PDI	Pimco Dynamic Income	Pair Corr
0.93	SPFPX	American Beacon Soun	Pair Corr
0.81	TSVAX	Prudential Qma Small	Pair Corr
0.82	DCOIX	Delaware Tax Free	Pair Corr
0.87	RESGX	Responsible Esg Equity	Pair Corr
0.88	MOEAX	Mainstay Growth Etf	Pair Corr
0.86	PXGAX	Pax Esg Beta	Pair Corr
0.78	MBINX	Mainstay Balanced	Pair Corr
0.76	CUSCX	Cullen Small Cap	Pair Corr
0.92	CVLVX	Cullen Value	Pair Corr
0.76	CUSRX	Cullen Small Cap	Pair Corr

Moving against Evaluator Mutual Fund

0.87	CESGX	Coho Relative Value	Pair Corr
0.87	UIPIX	Ultrashort Mid Cap	Pair Corr
0.62	TCSUX	Cleartrack 2020 Class	Pair Corr
0.6	TCTGX	Transamerica Cleartrack	Pair Corr
0.6	TCTJX	Transamerica Cleartrack	Pair Corr
0.59	TDKTX	Cleartrack 2015 Class	Pair Corr
0.37	USPSX	Profunds Ultrashort	Pair Corr
0.35	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	ABNTX	MXIHX	FIFGX	EVOIX	APISX	GPMFX	MFTFX	RYIFX
ABNTX		0.9	0.49	0.57	0.94	0.61	0.59	0.59	ABNTX
MXIHX	0.9		0.4	0.55	0.89	0.57	0.55	0.54	MXIHX
FIFGX	0.49	0.4		0.74	0.63	0.76	0.74	0.8	FIFGX
EVOIX	0.57	0.55	0.74		0.72	0.97	0.96	0.96	EVOIX
APISX	0.94	0.89	0.63	0.72		0.74	0.73	0.73	APISX
GPMFX	0.61	0.57	0.76	0.97	0.74		0.97	0.97	GPMFX
MFTFX	0.59	0.55	0.74	0.96	0.73	0.97		0.94	MFTFX
RYIFX	0.59	0.54	0.8	0.96	0.73	0.97	0.94		RYIFX
	ABNTX	MXIHX	FIFGX	EVOIX	APISX	GPMFX	MFTFX	RYIFX

Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Moderate 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 Moderate'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
ABNTX	0.07	(0.01)	(0.56)	(0.45)	0.08	(0.11)	0.10	(0.10)	0.39
MXIHX	0.11	(0.01)	(0.38)	(0.18)	0.12	(0.15)	0.22	(0.22)	0.65
FIFGX	0.80	0.15	0.10	3.09	0.72	(0.89)	1.61	(1.35)	3.01
EVOIX	0.48	0.10	0.08	0.38	0.46	(0.60)	1.12	(1.01)	3.10
APISX	0.07	(0.01)	(0.56)	(0.47)	0.06	(0.11)	0.10	(0.10)	0.38
GPMFX	0.64	0.07	0.05	0.18	0.73	(0.68)	1.23	(1.13)	3.35
MFTFX	1.03	0.18	0.11	0.63	1.02	(1.18)	2.06	(1.78)	5.99
RYIFX	0.55	0.09	0.08	0.20	0.61	(0.58)	1.25	(1.24)	2.89

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