Fa529 Eq Correlations

FEIPX Fund

USD 47.56 0.26 0.55%

The current 90-days correlation between Fa529 Eq In and Invesco Energy Fund is 0.4 (i.e., Very weak diversification). The correlation of Fa529 Eq 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.

Fa529 Eq Correlation With Market

Almost no diversification

The correlation between Fa529 Eq In 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 Fa529 Eq In 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 Fa529 Eq In. 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 board of governors.

Moving together with Fa529 Mutual Fund

0.77	VTSAX	Vanguard Total Stock	Pair Corr
0.79	VFIAX	Vanguard 500 Index	Pair Corr
0.82	VTSMX	Vanguard Total Stock	Pair Corr
0.82	VITSX	Vanguard Total Stock	Pair Corr
0.77	VSTSX	Vanguard Total Stock	Pair Corr
0.82	VSMPX	Vanguard Total Stock	Pair Corr
0.92	VTIAX	Vanguard Total Inter	Pair Corr
0.79	VFINX	Vanguard 500 Index	Pair Corr
0.73	VFFSX	Vanguard 500 Index	Pair Corr
0.7	NHS	Neuberger Berman High	Pair Corr
0.91	WMT	Walmart Common Stock Aggressive Push	Pair Corr
0.85	CAT	Caterpillar	Pair Corr
0.69	CVX	Chevron Corp	Pair Corr
0.66	INTC	Intel Aggressive Push	Pair Corr
0.85	BA	Boeing	Pair Corr
0.94	AA	Alcoa Corp	Pair Corr
0.82	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.9	MRK	Merck Company Earnings Call Today	Pair Corr
0.69	PFE	Pfizer Inc Earnings Call Today	Pair Corr

Related Correlations Analysis

	DLDCX	GRHAX	APWEX	ENPSX	CGAEX	PNRCX	IEFCX
DLDCX		0.99	0.76	0.9	0.82	0.99	0.9	DLDCX
GRHAX	0.99		0.8	0.9	0.86	0.99	0.89	GRHAX
APWEX	0.76	0.8		0.89	0.87	0.78	0.88	APWEX
ENPSX	0.9	0.9	0.89		0.83	0.9	0.99	ENPSX
CGAEX	0.82	0.86	0.87	0.83		0.85	0.8	CGAEX
PNRCX	0.99	0.99	0.78	0.9	0.85		0.89	PNRCX
IEFCX	0.9	0.89	0.88	0.99	0.8	0.89		IEFCX
	DLDCX	GRHAX	APWEX	ENPSX	CGAEX	PNRCX	IEFCX

Risk-Adjusted Indicators

There is a big difference between Fa529 Mutual Fund performing well and Fa529 Eq 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 Fa529 Eq'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
DLDCX	0.94	0.26	0.19	0.36	1.02	(1.04)	1.88	(1.89)	5.62
GRHAX	1.29	0.27	0.12	0.46	1.75	(1.45)	2.60	(2.19)	6.02
APWEX	0.85	0.13	0.07	0.63	1.03	(0.87)	1.57	(2.03)	4.43
ENPSX	1.46	0.29	0.14	0.83	1.62	(1.57)	3.30	(2.77)	7.98
CGAEX	0.73	0.07	0.02	(7.62)	0.91	(0.71)	1.45	(1.66)	3.90
PNRCX	1.08	0.28	0.16	0.38	1.36	(1.16)	2.22	(1.82)	7.72
IEFCX	0.88	0.19	0.14	0.96	0.88	(0.96)	1.98	(1.49)	4.81

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Fa529 Eq Correlations

Fa529 Eq Correlation With Market

Almost no diversification

Moving together with Fa529 Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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