Industrials Portfolio Correlations

FCYIX Fund

USD 45.36 0.62 1.35%

The current 90-days correlation between Industrials Portfolio and Consumer Discretionary Portfolio is 0.69 (i.e., Poor diversification). The correlation of Industrials Portfolio 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.

Industrials Portfolio Correlation With Market

Significant diversification

The correlation between Industrials Portfolio Industri and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Industrials Portfolio Industri 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 Industrials Portfolio Industrials. 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 Industrials Mutual Fund

0.82	B	Barnes Group	Pair Corr
0.69	G	Genpact Limited	Pair Corr
0.84	J	Jacobs Solutions	Pair Corr
0.9	R	Ryder System	Pair Corr
0.68	AL	Air Lease	Pair Corr
0.82	AZ	A2Z Smart Technologies	Pair Corr
0.84	BR	Broadridge Financial	Pair Corr
0.73	BV	BrightView Holdings	Pair Corr
0.77	BW	Babcock Wilcox Enter	Pair Corr
0.81	CR	Crane Company	Pair Corr
0.94	CW	Curtiss Wright	Pair Corr
0.94	IR	Ingersoll Rand	Pair Corr
0.73	KC	Kingsoft Cloud Holdings Trending	Pair Corr
0.75	LZ	LegalZoom	Pair Corr
0.86	NL	NL Industries	Pair Corr
0.75	NX	Quanex Building Products Fiscal Year End 12th of December 2024	Pair Corr
0.94	OC	Owens Corning	Pair Corr
0.92	PH	Parker Hannifin	Pair Corr
0.82	SQ	Block Inc	Pair Corr
0.67	TG	Tredegar	Pair Corr
0.93	TT	Trane Technologies plc	Pair Corr

Moving against Industrials Mutual Fund

0.76	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.69	CP	Canadian Pacific Railway	Pair Corr
0.31	AP	Ampco Pittsburgh	Pair Corr
0.77	RR	Richtech Robotics Class	Pair Corr
0.76	CODI-PA	Compass Diversified	Pair Corr
0.76	VCIG	VCI Global Limited	Pair Corr
0.75	DLHC	DLH Holdings Corp Fiscal Year End 4th of December 2024	Pair Corr
0.62	CODI-PB	Compass Diversified	Pair Corr
0.61	ST	Sensata Technologies	Pair Corr
0.5	SB	Safe Bulkers Potential Growth	Pair Corr
0.46	MG	Mistras Group	Pair Corr
0.33	CODI-PC	Compass Diversified	Pair Corr

Related Correlations Analysis

	FSCPX	FSAVX	FSRFX	FIDSX	FSDPX
FSCPX		0.9	0.89	0.86	0.6	FSCPX
FSAVX	0.9		0.82	0.8	0.63	FSAVX
FSRFX	0.89	0.82		0.96	0.64	FSRFX
FIDSX	0.86	0.8	0.96		0.5	FIDSX
FSDPX	0.6	0.63	0.64	0.5		FSDPX
	FSCPX	FSAVX	FSRFX	FIDSX	FSDPX

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Risk-Adjusted Indicators

There is a big difference between Industrials Mutual Fund performing well and Industrials Portfolio 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 Industrials Portfolio'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
FSCPX	0.89	0.18	0.03	(0.81)	0.90	(0.97)	2.00	(1.81)	4.61
FSAVX	0.91	0.10	(0.04)	(0.27)	1.09	(0.88)	2.23	(1.86)	4.97
FSRFX	0.79	0.15	0.02	(1.83)	0.74	(0.86)	1.77	(1.28)	6.03
FIDSX	0.82	0.27	0.16	(1.87)	0.52	(1.05)	1.90	(1.19)	9.82
FSDPX	0.77	0.06	(0.06)	(2.08)	0.87	(0.84)	1.90	(1.48)	5.16

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