Consumer Staples Correlations

FDTGX Fund

USD 85.36 1.06 1.23%

The current 90-days correlation between Consumer Staples Por and Guidepath Conservative Income is -0.14 (i.e., Good diversification). The correlation of Consumer Staples 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.

Consumer Staples Correlation With Market

Modest diversification

The correlation between Consumer Staples Portfolio and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Staples Portfolio 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 Consumer Staples Portfolio. 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 price.

Moving together with Consumer Mutual Fund

0.77	BG	Bunge Limited	Pair Corr
0.92	CL	Colgate Palmolive	Pair Corr
0.77	DG	Dollar General	Pair Corr
0.79	GO	Grocery Outlet Holding	Pair Corr
0.9	LW	Lamb Weston Holdings	Pair Corr
0.78	MO	Altria Group	Pair Corr
0.72	PG	Procter Gamble	Pair Corr
0.77	TR	Tootsie Roll Industries	Pair Corr
0.72	UL	Unilever PLC ADR	Pair Corr
0.79	DOLE	Dole PLC	Pair Corr
0.72	WEST	Westrock Coffee	Pair Corr
0.68	CENTA	Central Garden Pet	Pair Corr
0.64	FARM	Farmer Bros	Pair Corr
0.85	IMKTA	Ingles Markets	Pair Corr
0.9	FIZZ	National Beverage Corp	Pair Corr
0.9	ACU	Acme United	Pair Corr
0.66	ADM	Archer Daniels Midland	Pair Corr

Moving against Consumer Mutual Fund

0.83	K	Kellanova	Pair Corr
0.72	BRLSW	Borealis Foods	Pair Corr
0.68	UG	United Guardian	Pair Corr
0.6	VITL	Vital Farms	Pair Corr
0.59	EDBL	Edible Garden AG	Pair Corr
0.47	WILC	G Willi Food	Pair Corr
0.45	DLTR	Dollar Tree	Pair Corr
0.38	DTCK	Davis Commodities	Pair Corr
0.72	WVVI	Willamette Valley	Pair Corr
0.71	ACI	Albertsons Companies	Pair Corr
0.57	CCU	Compania Cervecerias	Pair Corr
0.49	BOF	BranchOut Food Common	Pair Corr
0.44	BTI	British American Tobacco	Pair Corr

Related Correlations Analysis

	GPICX	DLTZX	PGFCX	WCAFX	TLSHX	CAARX
GPICX		0.88	0.03	-0.14	0.34	0.2	GPICX
DLTZX	0.88		0.3	0.22	0.57	0.48	DLTZX
PGFCX	0.03	0.3		0.91	0.91	0.95	PGFCX
WCAFX	-0.14	0.22	0.91		0.85	0.91	WCAFX
TLSHX	0.34	0.57	0.91	0.85		0.98	TLSHX
CAARX	0.2	0.48	0.95	0.91	0.98		CAARX
	GPICX	DLTZX	PGFCX	WCAFX	TLSHX	CAARX

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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

CAARX	+ 0.98	TLSHX
CAARX	+ 0.95	PGFCX
WCAFX	+ 0.91	PGFCX
TLSHX	+ 0.91	PGFCX
CAARX	+ 0.91	WCAFX
DLTZX	+ 0.88	GPICX

High negative correlations

WCAFX

- 0.14

GPICX

Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Staples 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 Consumer Staples' 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
GPICX	0.03	0.01	0.00	0.46	0.00	0.00	0.10	0.00	0.21
DLTZX	0.08	0.01	0.04	0.44	0.00	(0.19)	0.26	(0.13)	0.64
PGFCX	0.27	0.00	(0.01)	(0.01)	0.35	(0.34)	0.67	(0.39)	2.02
WCAFX	0.25	(0.01)	(0.02)	(0.04)	0.35	(0.31)	0.57	(0.57)	1.82
TLSHX	0.27	0.01	0.02	0.04	0.36	(0.29)	0.55	(0.47)	1.87
CAARX	0.27	0.00	0.01	0.02	0.36	(0.29)	0.67	(0.49)	2.05

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