Evaluator Growth Correlations

EVGRX Fund

USD 12.10 0.01 0.08%

The current 90-days correlation between Evaluator Growth Rms and State Street Target is 0.72 (i.e., Poor 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

Poor diversification

The correlation between Evaluator Growth Rms and DJI is 0.66 (i.e., 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 producer price index.

Moving together with Evaluator Mutual Fund

0.89	IFAFX	Income Fund	Pair Corr
0.82	AMECX	Income Fund	Pair Corr
0.85	IFACX	Income Fund	Pair Corr
0.85	FFIFX	American Funds	Pair Corr
0.85	FAIFX	American Funds	Pair Corr
0.85	RIDBX	Income Fund	Pair Corr
0.85	CIMEX	Income Fund	Pair Corr
0.85	RIDFX	Income Fund	Pair Corr
0.85	CIMCX	Income Fund	Pair Corr
0.85	CIMFX	Income Fund	Pair Corr
0.84	PMPIX	Precious Metals Ultr	Pair Corr
0.84	PMPSX	Precious Metals Ultr	Pair Corr
0.87	BA	Boeing	Pair Corr
0.71	AA	Alcoa Corp	Pair Corr

Moving against Evaluator Mutual Fund

0.49	HPQ	HP Inc	Pair Corr
0.42	VZ	Verizon Communications Earnings Call Today	Pair Corr
0.37	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	WGBIX	TRATX	TRRNX	TRRJX	SSAHX
WGBIX		0.93	0.97	0.97	0.93	WGBIX
TRATX	0.93		0.97	0.96	0.99	TRATX
TRRNX	0.97	0.97		1.0	0.96	TRRNX
TRRJX	0.97	0.96	1.0		0.96	TRRJX
SSAHX	0.93	0.99	0.96	0.96		SSAHX
	WGBIX	TRATX	TRRNX	TRRJX	SSAHX

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
WGBIX	0.49	0.12	0.14	0.30	0.29	(0.61)	0.94	(0.92)	6.03
TRATX	0.34	0.06	0.07	0.19	0.21	(0.40)	0.66	(0.65)	3.45
TRRNX	0.55	0.09	0.11	0.17	0.50	(0.61)	1.21	(1.15)	5.05
TRRJX	0.45	0.08	0.10	0.18	0.35	(0.50)	0.96	(0.89)	4.62
SSAHX	0.27	0.06	0.06	0.24	0.00	(0.33)	0.49	(0.49)	3.33

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