Frost Credit Correlations

FCFAX Fund

USD 9.50 0.07 0.74%

The current 90-days correlation between Frost Credit and Frost Growth Equity is -0.09 (i.e., Good diversification). The correlation of Frost Credit 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.

Frost Credit Correlation With Market

Good diversification

The correlation between Frost Credit Fund and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frost Credit 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 Frost Credit 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 nation.

Moving together with Frost Mutual Fund

0.69	FADLX	Frost Low Duration	Pair Corr
0.99	FCFIX	Frost Credit	Pair Corr
0.99	FCFBX	Fidelity Advisor Freedom	Pair Corr
0.72	FILDX	Frost Low Duration	Pair Corr
0.71	PONAX	Pimco Income	Pair Corr
0.67	PONCX	Pimco Income	Pair Corr
0.74	PIPNX	Pimco Income	Pair Corr
0.71	PONRX	Pimco Income	Pair Corr
0.74	PONPX	Pimco Incme Fund	Pair Corr
0.74	PIINX	Pimco Income	Pair Corr
0.71	PIMIX	Pimco Income	Pair Corr
0.9	LBNDX	Lord Abbett Bond	Pair Corr
0.92	FSTAX	Fidelity Advisor Str	Pair Corr
0.93	FSRIX	Fidelity Advisor Str	Pair Corr
0.83	VWEAX	Vanguard High Yield	Pair Corr
0.92	FADMX	Fidelity Advisor Str	Pair Corr

Related Correlations Analysis

	FACEX	FADLX	FAJEX	FATRX	FICEX	FIJEX	FILDX
FACEX		-0.04	-0.07	-0.06	1.0	-0.06	-0.06	FACEX
FADLX	-0.04		0.93	0.93	-0.05	0.94	0.99	FADLX
FAJEX	-0.07	0.93		1.0	-0.08	1.0	0.91	FAJEX
FATRX	-0.06	0.93	1.0		-0.08	1.0	0.92	FATRX
FICEX	1.0	-0.05	-0.08	-0.08		-0.08	-0.07	FICEX
FIJEX	-0.06	0.94	1.0	1.0	-0.08		0.92	FIJEX
FILDX	-0.06	0.99	0.91	0.92	-0.07	0.92		FILDX
	FACEX	FADLX	FAJEX	FATRX	FICEX	FIJEX	FILDX

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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

FICEX	+ 1.0	FACEX
FATRX	+ 1.0	FAJEX
FIJEX	+ 1.0	FAJEX
FIJEX	+ 1.0	FATRX
FILDX	+ 0.99	FADLX
FIJEX	+ 0.94	FADLX

High negative correlations

FIJEX	- 0.08	FICEX
FICEX	- 0.08	FATRX
FICEX	- 0.08	FAJEX
FILDX	- 0.07	FICEX
FAJEX	- 0.07	FACEX
FILDX	- 0.06	FACEX

Risk-Adjusted Indicators

There is a big difference between Frost Mutual Fund performing well and Frost Credit 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 Frost Credit'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
FACEX	1.02	(0.33)	0.00	(0.21)	0.00	0.00	1.69	(2.47)	20.43
FADLX	0.08	0.00	(0.76)	0.31	0.08	(0.14)	0.20	(0.20)	0.61
FAJEX	0.17	(0.01)	0.00	0.43	0.00	0.00	0.41	(0.41)	1.02
FATRX	0.18	(0.01)	0.00	0.35	0.00	0.00	0.41	(0.41)	1.12
FICEX	1.01	(0.32)	0.00	(0.20)	0.00	0.00	1.69	(2.48)	19.67
FIJEX	0.18	(0.01)	0.00	0.35	0.00	0.00	0.41	(0.51)	1.12
FILDX	0.09	0.00	(0.91)	0.26	0.07	(0.14)	0.20	(0.20)	0.51

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