Fewzpx Correlations
| FEWZPX Fund | USD 712.27 0.04 0.01% |
The current 90-days correlation between Fewzpx and Dodge Global Bond is 0.05 (i.e., Significant diversification). The correlation of Fewzpx 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.
Fewzpx Correlation With Market
Very weak diversification
The correlation between Fewzpx and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fewzpx and DJI in the same portfolio, assuming nothing else is changed.
Fewzpx |
Moving together with Fewzpx Fund
| 0.66 | VTIAX | Vanguard Total Inter | PairCorr |
| 0.71 | NHS | Neuberger Berman High | PairCorr |
| 0.63 | PHYEX | Pgim High Yield | PairCorr |
| 0.77 | DMYBX | Dreyfus Short Interm | PairCorr |
| 0.76 | GCEPX | Goldman Sachs Clean | PairCorr |
| 0.69 | EMDZX | Prudential Emerging | PairCorr |
| 0.66 | JDINX | Janus Overseas | PairCorr |
| 0.67 | IRSNX | Voya Target Retirement | PairCorr |
| 0.73 | RLEMX | Lazard Emerging Markets | PairCorr |
Related Correlations Analysis
| 0.93 | 0.98 | 0.99 | 0.93 | 0.9 | 0.93 | TOHIX | ||
| 0.93 | 0.9 | 0.9 | 0.9 | 0.84 | 0.9 | VBISX | ||
| 0.98 | 0.9 | 0.97 | 0.95 | 0.91 | 0.94 | BBINX | ||
| 0.99 | 0.9 | 0.97 | 0.9 | 0.88 | 0.93 | PATFX | ||
| 0.93 | 0.9 | 0.95 | 0.9 | 0.94 | 0.9 | BXDCX | ||
| 0.9 | 0.84 | 0.91 | 0.88 | 0.94 | 0.85 | PACEX | ||
| 0.93 | 0.9 | 0.94 | 0.93 | 0.9 | 0.85 | DODLX | ||
Risk-Adjusted Indicators
There is a big difference between Fewzpx Fund performing well and Fewzpx 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 Fewzpx'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TOHIX | 0.07 | 0.01 | (0.27) | (2.77) | 0.00 | 0.19 | 0.65 | |||
| VBISX | 0.09 | 0.01 | (0.49) | (0.46) | 0.00 | 0.29 | 0.49 | |||
| BBINX | 0.07 | 0.02 | 0.00 | 5.45 | 0.00 | 0.19 | 0.48 | |||
| PATFX | 0.09 | 0.02 | (0.24) | 1.58 | 0.00 | 0.27 | 0.81 | |||
| BXDCX | 0.06 | 0.01 | (0.41) | 0.27 | 0.00 | 0.11 | 0.43 | |||
| PACEX | 0.08 | 0.02 | (0.29) | (2.35) | 0.00 | 0.21 | 0.75 | |||
| DODLX | 0.14 | 0.03 | (0.15) | 0.71 | 0.00 | 0.27 | 0.54 |