Fam Equity-income Correlations

FAMEX Fund

USD 56.96 0.69 1.23%

The current 90-days correlation between Fam Equity Income and Amg Gwk Smallmid is 0.78 (i.e., Poor diversification). The correlation of Fam Equity-income 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 Equity-income Correlation With Market

Almost no diversification

The correlation between Fam Equity Income Fund and DJI is 0.95 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fam Equity Income Fund 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 Equity Income Fund. 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 services.

Moving together with Fam Mutual Fund

0.8	FAMFX	Fam Small Cap	Pair Corr
0.82	FAMDX	Fam Small Cap	Pair Corr
0.94	FAMWX	Fam Value Fund	Pair Corr
0.94	FAMVX	Fam Value Fund	Pair Corr
0.96	VIMAX	Vanguard Mid Cap	Pair Corr
0.96	VIMSX	Vanguard Mid Cap	Pair Corr
0.89	VMCPX	Vanguard Mid Cap	Pair Corr
0.96	VMCIX	Vanguard Mid Cap	Pair Corr
0.94	VEXAX	Vanguard Extended Market	Pair Corr
0.94	VEMPX	Vanguard Extended Market	Pair Corr
0.94	VIEIX	Vanguard Extended Market	Pair Corr
0.77	VSEMX	Vanguard Extended Market	Pair Corr
0.94	VEXMX	Vanguard Extended Market	Pair Corr
0.98	FSMDX	Fidelity Mid Cap	Pair Corr
0.82	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.89	VTSMX	Vanguard Total Stock	Pair Corr
0.89	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VITSX	Vanguard Total Stock	Pair Corr
0.82	VSTSX	Vanguard Total Stock	Pair Corr
0.9	VTIAX	Vanguard Total Inter	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.79	VFFSX	Vanguard 500 Index	Pair Corr
0.75	VBTLX	Vanguard Total Bond	Pair Corr
0.8	AGTHX	Growth Fund	Pair Corr
0.89	CVISX	Causeway International	Pair Corr
0.84	EMRZX	Vaneck Emerging Markets	Pair Corr
0.94	BSMIX	Blackrock Smallmid Cap	Pair Corr
0.75	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.7	JHRGX	Retirement Living Through	Pair Corr
0.82	ARCIX	Aqr Risk Balanced	Pair Corr
0.86	RDBTX	American Funds 2015	Pair Corr
0.84	RALAX	Growth Strategy	Pair Corr
0.94	NMHYX	Multi Manager High	Pair Corr
0.91	BNDAX	Total Return Bond	Pair Corr
0.88	CLBEX	American Balanced	Pair Corr
0.91	UNPSX	Ultrainternational	Pair Corr
0.82	HDGCX	Hartford Dividend	Pair Corr

Related Correlations Analysis

	VLAIX	VLAAX	EEMAX	GCEQX	MAPOX	HGHAX	BAMPX	TGCNX	MMDEX	GWGVX
VLAIX		1.0	0.77	0.7	0.81	0.67	0.71	-0.26	0.79	0.82	VLAIX
VLAAX	1.0		0.77	0.7	0.81	0.67	0.71	-0.26	0.79	0.82	VLAAX
EEMAX	0.77	0.77		0.68	0.92	0.54	0.91	-0.41	0.57	0.9	EEMAX
GCEQX	0.7	0.7	0.68		0.75	0.52	0.81	0.24	0.91	0.74	GCEQX
MAPOX	0.81	0.81	0.92	0.75		0.72	0.89	-0.44	0.68	0.98	MAPOX
HGHAX	0.67	0.67	0.54	0.52	0.72		0.58	-0.33	0.56	0.72	HGHAX
BAMPX	0.71	0.71	0.91	0.81	0.89	0.58		-0.18	0.69	0.85	BAMPX
TGCNX	-0.26	-0.26	-0.41	0.24	-0.44	-0.33	-0.18		0.19	-0.43	TGCNX
MMDEX	0.79	0.79	0.57	0.91	0.68	0.56	0.69	0.19		0.66	MMDEX
GWGVX	0.82	0.82	0.9	0.74	0.98	0.72	0.85	-0.43	0.66		GWGVX
	VLAIX	VLAAX	EEMAX	GCEQX	MAPOX	HGHAX	BAMPX	TGCNX	MMDEX	GWGVX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

VLAAX	+ 1.0	VLAIX
GWGVX	+ 0.98	MAPOX
MAPOX	+ 0.92	EEMAX
BAMPX	+ 0.91	EEMAX
MMDEX	+ 0.91	GCEQX
GWGVX	+ 0.9	EEMAX

High negative correlations

TGCNX	- 0.44	MAPOX
GWGVX	- 0.43	TGCNX
TGCNX	- 0.41	EEMAX
TGCNX	- 0.33	HGHAX
TGCNX	- 0.26	VLAAX
TGCNX	- 0.26	VLAIX

Risk-Adjusted Indicators

There is a big difference between Fam Mutual Fund performing well and Fam Equity-income 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 Equity-income'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
VLAIX	0.58	0.10	0.05	0.50	0.40	(0.72)	0.77	(0.93)	13.78
VLAAX	0.58	0.10	0.05	0.51	0.39	(0.72)	0.75	(0.93)	13.81
EEMAX	0.84	0.19	0.12	5.79	0.71	(1.00)	1.82	(1.69)	6.13
GCEQX	0.63	(0.08)	0.00	(0.02)	0.00	0.00	1.45	(1.57)	4.05
MAPOX	0.37	0.04	0.00	0.15	0.28	(0.42)	0.96	(0.59)	2.16
HGHAX	0.68	0.09	0.02	(9.59)	0.62	(0.77)	1.91	(1.31)	3.94
BAMPX	0.28	0.00	(0.17)	0.10	0.36	(0.32)	0.59	(0.66)	1.77
TGCNX	0.85	(0.24)	0.00	(0.22)	0.00	0.00	1.49	(2.05)	4.99
MMDEX	0.81	(0.09)	0.00	(0.03)	0.00	0.00	2.17	(1.96)	6.62
GWGVX	0.79	0.13	0.13	0.22	0.67	(0.93)	1.96	(1.44)	4.17

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