Evaluator Growth Correlations

EVGLX Fund

USD 12.04 0.07 0.58%

The current 90-days correlation between Evaluator Growth Rms and Evaluator Very Conservative is 0.02 (i.e., Significant diversification). The correlation of Evaluator Growth 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 Growth Correlation With Market

Very poor diversification

The correlation between Evaluator Growth Rms and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Growth 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 Growth 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
0.96	EVFTX	Evaluator Tactically	Pair Corr
1.0	EVFMX	Evaluator Moderate Rms	Pair Corr
1.0	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.89	EVFCX	Evaluator Conservative	Pair Corr
1.0	EVGRX	Evaluator Growth Rms	Pair Corr
1.0	EVMLX	Evaluator Moderate Rms	Pair Corr
0.89	EVTTX	Evaluator Tactically	Pair Corr
0.86	EVVLX	Evaluator Very Conse	Pair Corr
0.87	EVVCX	Evaluator Very Conse	Pair Corr
0.87	AMECX	Income Fund	Pair Corr
0.88	IFACX	Income Fund	Pair Corr
0.88	IFAFX	Income Fund	Pair Corr
0.88	FFIFX	American Funds	Pair Corr
0.88	FAIFX	American Funds	Pair Corr
0.88	RIDBX	Income Fund	Pair Corr
0.88	CIMEX	Income Fund	Pair Corr
0.88	RIDFX	Income Fund	Pair Corr
0.88	CIMCX	Income Fund	Pair Corr
0.88	CIMFX	Income Fund	Pair Corr
0.9	FSMMX	Fs Multi Strategy	Pair Corr
0.88	BTMPX	Ishares Msci Eafe	Pair Corr
0.89	BTMKX	Blackrock International	Pair Corr
0.89	MDIIX	Blackrock Intern Index	Pair Corr
0.71	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.71	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.71	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.84	ARIDX	Amg River Road	Pair Corr
0.92	MADCX	Blackrock Gbl Emerging	Pair Corr
0.71	ITHVX	Hartford Capital	Pair Corr
0.91	ABALX	American Balanced	Pair Corr
0.94	GEMRX	Aberdeen Emerging Markets	Pair Corr
0.79	PFOAX	Pimco Foreign Bond	Pair Corr
0.84	GCEAX	Ab Global E	Pair Corr
0.89	RBEEX	American Funds 2030	Pair Corr
0.91	PLHTX	Principal Lifetime Hybrid	Pair Corr
0.91	CCSTX	Capital Group California	Pair Corr

Related Correlations Analysis

	EVAGX	EVFTX	EVFMX	EVFGX	EVFCX	EVGRX	EVGLX	EVMLX	EVTTX	EVVLX
EVAGX		0.96	1.0	1.0	0.89	1.0	1.0	1.0	0.9	0.87	EVAGX
EVFTX	0.96		0.98	0.96	0.98	0.96	0.96	0.98	0.99	0.95	EVFTX
EVFMX	1.0	0.98		1.0	0.93	1.0	1.0	1.0	0.93	0.9	EVFMX
EVFGX	1.0	0.96	1.0		0.89	1.0	1.0	1.0	0.9	0.87	EVFGX
EVFCX	0.89	0.98	0.93	0.89		0.89	0.89	0.93	1.0	0.96	EVFCX
EVGRX	1.0	0.96	1.0	1.0	0.89		1.0	1.0	0.89	0.86	EVGRX
EVGLX	1.0	0.96	1.0	1.0	0.89	1.0		1.0	0.89	0.86	EVGLX
EVMLX	1.0	0.98	1.0	1.0	0.93	1.0	1.0		0.93	0.9	EVMLX
EVTTX	0.9	0.99	0.93	0.9	1.0	0.89	0.89	0.93		0.96	EVTTX
EVVLX	0.87	0.95	0.9	0.87	0.96	0.86	0.86	0.9	0.96		EVVLX
	EVAGX	EVFTX	EVFMX	EVFGX	EVFCX	EVGRX	EVGLX	EVMLX	EVTTX	EVVLX

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Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Growth 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 Growth'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
EVAGX	0.98	0.41	0.44	0.66	0.00	(1.23)	1.24	(1.53)	23.84
EVFTX	0.37	0.06	0.04	0.19	0.22	(0.47)	0.74	(0.78)	2.42
EVFMX	0.57	0.17	0.21	0.36	0.18	(0.72)	0.90	(1.04)	8.98
EVFGX	0.97	0.41	0.45	0.67	0.00	(1.22)	1.24	(1.44)	23.78
EVFCX	0.25	0.02	(0.07)	0.15	0.14	(0.32)	0.49	(0.49)	1.53
EVGRX	0.91	0.40	0.49	0.75	0.00	(1.15)	1.10	(1.32)	23.49
EVGLX	0.92	0.41	0.50	0.77	0.00	(1.18)	1.10	(1.27)	23.92
EVMLX	0.57	0.17	0.21	0.37	0.15	(0.72)	0.96	(1.04)	8.90
EVTTX	0.36	0.03	0.00	0.14	0.30	(0.43)	0.72	(0.79)	2.30
EVVLX	0.18	0.03	(0.15)	1.89	0.00	(0.24)	0.42	(0.41)	0.93

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Evaluator Growth Correlations

Evaluator Growth Correlation With Market

Very poor diversification

Moving together with Evaluator Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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