Fam Value Correlations

Mutual Funds USA . 
Fund . Fam Value Fund
FAMWX Fund  USD 113.11  1.19  1.06%   
The current 90-days correlation between Fam Value Fund and Fam Equity Income Fund is 0.91 (i.e., Almost no diversification). The correlation of Fam Value 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 Value Correlation With Market

Almost no diversification

The correlation between Fam Value Fund 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 Value 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 Value 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 housing.

Moving together with Fam Mutual Fund

  0.93FAMFX Fam Small CapPairCorr
  0.92FAMEX Fam Equity IncomePairCorr
  0.98FAMDX Fam Small CapPairCorr
  1.0FAMVX Fam Value FundPairCorr
  0.96VIMAX Vanguard Mid CapPairCorr
  0.96VIMSX Vanguard Mid CapPairCorr
  0.96VMCPX Vanguard Mid CapPairCorr
  0.96VMCIX Vanguard Mid CapPairCorr
  0.98VEXAX Vanguard Extended MarketPairCorr
  0.98VEMPX Vanguard Extended MarketPairCorr
  0.94VIEIX Vanguard Extended MarketPairCorr
  0.98VSEMX Vanguard Extended MarketPairCorr
  0.98VEXMX Vanguard Extended MarketPairCorr
  0.94FSMAX Fidelity Extended MarketPairCorr
  0.73RCILX Alternative Credit IncomePairCorr
  0.88FXAIX Fidelity 500 IndexPairCorr
  0.78FEMDX Franklin Emerging MarketPairCorr
  0.88VFINX Vanguard 500 IndexPairCorr
  0.66DPG Duff And PhelpsPairCorr
  0.88FPURX Fidelity PuritanPairCorr
  0.95VTSAX Vanguard Total StockPairCorr
  0.98SMERX Invesco Small CapPairCorr
  0.87FBALX Fidelity BalancedPairCorr
  0.92VIGAX Vanguard Growth IndexPairCorr
  0.79RQECX Resq Dynamic AllocationPairCorr
  0.86VWELX Vanguard WellingtonPairCorr
  0.85FCNTX Fidelity ContrafundPairCorr
  0.96WBCIX William Blair SmallPairCorr
  0.92SCRYX Small Cap CorePairCorr
  0.91LTFOX Lord Abbett AffiliatedPairCorr
  0.92VTMFX Vanguard Tax ManagedPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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