Fam Small Correlations

Mutual Funds USA . 
Fund . Fam Small Cap
FAMDX Fund  USD 23.00  0.16  0.70%   
The current 90-days correlation between Fam Small Cap and Alliancebernstein National Municipal is 0.24 (i.e., Modest diversification). The correlation of Fam Small 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.

Fam Small Correlation With Market

Almost no diversification

The correlation between Fam Small Cap and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fam Small Cap 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 Fam Small Cap. 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 median.

Moving together with Fam Mutual Fund

  0.94FAMFX Fam Small CapPairCorr
  0.93FAMEX Fam Equity IncomePairCorr
  0.83FAMWX Fam Value FundPairCorr
  0.83FAMVX Fam Value FundPairCorr
  0.92VSGAX Vanguard Small CapPairCorr
  0.92VSGIX Vanguard Small CapPairCorr
  0.92VISGX Vanguard Small CapPairCorr
  0.89VEXPX Vanguard ExplorerPairCorr
  0.89VEXRX Vanguard ExplorerPairCorr
  0.79JGMIX Janus TritonPairCorr
  0.79JGMRX Janus TritonPairCorr
  0.79JGMAX Janus TritonPairCorr
  0.78JGMCX Janus TritonPairCorr
  0.8JGMNX Janus TritonPairCorr
  0.7NHS Neuberger Berman HighPairCorr
  0.88REETX American Funds 2030PairCorr
  0.88DPLTX Dreyfus High YieldPairCorr
  0.88FFTWX Fidelity Freedom 2025PairCorr
  0.92SHDRX American Beacon ShapiroPairCorr
  0.81PAFRX T Rowe PricePairCorr
  0.62MCSHX Mfs Commodity StrategyPairCorr
  0.86RPSIX Spectrum IncomePairCorr
  0.85HBLRX Hartford BalancedPairCorr
  0.85BRZKX Blackrock Advantage EsgPairCorr
  0.82TGVAX Thornburg InternationalPairCorr
  0.83SEMAX Columbia Amt FreePairCorr
  0.79WESIX Teton Vertible SecuritiesPairCorr
  0.86RBCTX American Funds 2020PairCorr
  0.84SAMKX Sa Mkt FdPairCorr
  0.82PGRCX Dreyfus Worldwide GrowthPairCorr
  0.75SIGYX Western Asset PoratePairCorr
  0.86RBEDX American Funds 2025PairCorr
  0.64MMIBX Mfs Municipal IncomePairCorr
  0.84EIISX Parametric InternationalPairCorr
  0.86ASHAX Allianzgi Short DurationPairCorr
  0.82ARGAX The ArbitragePairCorr
  0.64HIABX Hartford Total ReturnPairCorr
  0.87FIPFX Fidelity Freedom IndexPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Fam Mutual Fund performing well and Fam Small 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 Fam Small'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.

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