Evaluator Tactically Correlations

EVFTX Fund

USD 10.49 0.06 0.57%

The current 90-days correlation between Evaluator Tactically and Barings High Yield is 0.62 (i.e., Poor diversification). The correlation of Evaluator Tactically 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 Tactically Correlation With Market

Very poor diversification

The correlation between Evaluator Tactically Managed 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 Tactically Managed 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 Tactically Managed. 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 estimate.

Moving together with Evaluator Mutual Fund

0.87	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.97	EVFMX	Evaluator Moderate Rms	Pair Corr
0.86	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.87	EVFCX	Evaluator Conservative	Pair Corr
0.93	EVGRX	Evaluator Growth Rms	Pair Corr
0.94	EVGLX	Evaluator Growth Rms	Pair Corr
0.97	EVMLX	Evaluator Moderate Rms	Pair Corr
1.0	EVTTX	Evaluator Tactically	Pair Corr
0.65	BKMIX	Blackrock Multi Asset	Pair Corr
0.64	MXIPX	Great West Servative	Pair Corr

Moving against Evaluator Mutual Fund

0.76

BRPIX

Bear Profund Bear

Pair Corr

Related Correlations Analysis

	BXHCX	GHVIX	VRHYX	AGDZX	PHDTX	FYAIX
BXHCX		0.94	0.98	0.99	0.91	0.94	BXHCX
GHVIX	0.94		0.92	0.95	0.98	0.95	GHVIX
VRHYX	0.98	0.92		0.98	0.9	0.91	VRHYX
AGDZX	0.99	0.95	0.98		0.93	0.92	AGDZX
PHDTX	0.91	0.98	0.9	0.93		0.89	PHDTX
FYAIX	0.94	0.95	0.91	0.92	0.89		FYAIX
	BXHCX	GHVIX	VRHYX	AGDZX	PHDTX	FYAIX

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Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Tactically 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 Tactically'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
BXHCX	0.13	0.01	0.21	0.00	0.12	(0.20)	0.37	(0.25)	1.00
GHVIX	0.16	0.02	0.32	0.09	0.10	(0.17)	0.30	(0.30)	1.01
VRHYX	0.16	0.01	0.19	0.06	0.11	(0.32)	0.26	(0.26)	1.30
AGDZX	0.14	0.01	0.26	0.05	0.07	(0.23)	0.43	(0.29)	1.01
PHDTX	0.11	0.02	0.35	0.15	0.00	(0.16)	0.23	(0.22)	0.79
FYAIX	0.22	0.01	0.20	0.00	0.24	(0.22)	0.43	(0.40)	1.44

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