Fiera Capital Correlations

FCUIX Fund

USD 20.33 0.07 0.35%

The current 90-days correlation between Fiera Capital Equity and Lord Abbett Emerging is 0.36 (i.e., Weak diversification). The correlation of Fiera Capital 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.

Fiera Capital Correlation With Market

Poor diversification

The correlation between Fiera Capital Equity and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fiera Capital Equity 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 Fiera Capital Equity. 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 gross domestic product.

Moving together with Fiera Mutual Fund

0.75	APSRX	Fiera Capital Smallmid	Pair Corr
0.9	FCGIX	Fiera Capital Global	Pair Corr
0.78	FCGEX	Fiera Capital Global	Pair Corr
0.81	FCIWX	Fiera Capital Intern	Pair Corr
0.81	FCIUX	Fiera Capital Intern	Pair Corr
0.68	FCIRX	Fiera Capital Intern	Pair Corr
1.0	FCUEX	Fiera Capital Equity	Pair Corr
0.87	VTSAX	Vanguard Total Stock	Pair Corr
0.85	VFIAX	Vanguard 500 Index	Pair Corr
0.87	VTSMX	Vanguard Total Stock	Pair Corr
0.87	VITSX	Vanguard Total Stock	Pair Corr
0.87	VSMPX	Vanguard Total Stock	Pair Corr
0.87	VSTSX	Vanguard Total Stock	Pair Corr
0.84	VFINX	Vanguard 500 Index	Pair Corr
0.85	VFFSX	Vanguard 500 Index	Pair Corr
0.78	VINIX	Vanguard Institutional	Pair Corr
0.78	VIIIX	Vanguard Institutional	Pair Corr
0.64	FSMMX	Fs Multi Strategy	Pair Corr
0.66	APFWX	Artisan Value Income	Pair Corr
0.73	PVFYX	Pioneer E Equity	Pair Corr
0.81	NBIAX	Columbia Capital All	Pair Corr
0.74	PSLDX	Pimco Stocksplus Long	Pair Corr
0.78	BUIHX	Buffalo High Yield	Pair Corr
0.64	SADIX	Wells Fargo Ultra	Pair Corr
0.85	CPITX	Counterpoint Tactical	Pair Corr
0.68	PFJAX	Putnam High Yield	Pair Corr
0.72	CUBCX	Calvert Unconstrained	Pair Corr
0.68	RDWHX	American Funds Developing	Pair Corr
0.65	GOVIX	Gmo Resources	Pair Corr
0.76	CRFAX	Calvert Fund Potential Growth	Pair Corr

Related Correlations Analysis

	DBELX	QCMMIX	BBSXX	PAELX	IATXX	PCEXX	LDMAX
DBELX		0.94	0.0	1.0	0.0	0.0	0.91	DBELX
QCMMIX	0.94		0.0	0.94	0.0	0.0	0.96	QCMMIX
BBSXX	0.0	0.0		0.0	0.0	0.0	0.0	BBSXX
PAELX	1.0	0.94	0.0		0.0	0.0	0.92	PAELX
IATXX	0.0	0.0	0.0	0.0		0.0	0.0	IATXX
PCEXX	0.0	0.0	0.0	0.0	0.0		0.0	PCEXX
LDMAX	0.91	0.96	0.0	0.92	0.0	0.0		LDMAX
	DBELX	QCMMIX	BBSXX	PAELX	IATXX	PCEXX	LDMAX

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

PAELX	+ 1.0	DBELX
LDMAX	+ 0.96	QCMMIX
QCMMIX	+ 0.94	DBELX
PAELX	+ 0.94	QCMMIX
LDMAX	+ 0.92	PAELX
LDMAX	+ 0.91	DBELX

High negative correlations

LDMAX	- 0.0	PCEXX
LDMAX	- 0.0	IATXX
PCEXX	- 0.0	IATXX
PCEXX	- 0.0	PAELX
IATXX	- 0.0	PAELX
LDMAX	- 0.0	BBSXX

Risk-Adjusted Indicators

There is a big difference between Fiera Mutual Fund performing well and Fiera Capital 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 Fiera Capital'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DBELX	0.22	0.07	0.05	0.61	(0.28)	0.61	(0.32)	2.02
QCMMIX	0.02	0.00	0.00	0.00	0.00	0.03	0.00	0.03
BBSXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PAELX	0.22	0.06	0.03	0.68	(0.33)	0.58	(0.39)	1.16
IATXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PCEXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
LDMAX	0.15	0.02	(0.11)	0.24	(0.31)	0.45	(0.23)	1.34

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