Fpa Flexible Correlations

FFIAX Fund

USD 10.18 0.04 0.39%

The current 90-days correlation between Fpa Flexible Fixed and Pimco Corporate Income is 0.15 (i.e., Average diversification). The correlation of Fpa Flexible 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.

Fpa Flexible Correlation With Market

Good diversification

The correlation between Fpa Flexible Fixed and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fpa Flexible Fixed 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 Fpa Flexible Fixed. 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 nation.

Moving together with Fpa Mutual Fund

1.0	FPFIX	Fpa Flexible Fixed	Pair Corr
1.0	FPNRX	Fpa New Income	Pair Corr
1.0	FPNIX	Fpa New Income	Pair Corr
0.85	BSIKX	Blackrock Strategic	Pair Corr
0.92	BSICX	Blackrock Strategic Opps	Pair Corr
0.89	BASIX	Blackrock Strategic Opps	Pair Corr
0.85	BSIIX	Blackrock Strategic	Pair Corr
0.95	PMZCX	Pimco Mortgage Oppor	Pair Corr

Moving against Fpa Mutual Fund

0.66	QRSAX	Fpa Queens Road	Pair Corr
0.66	QRSIX	Fpa Queens Road	Pair Corr
0.66	QRSVX	Queens Road Small	Pair Corr
0.64	PTY	Pimco Corporate Income	Pair Corr
0.63	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.62	JSORX	Jpmorgan Strategic Income	Pair Corr
0.61	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.61	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.6	FPACX	Fpa Crescent	Pair Corr
0.6	FPCSX	Fpa Crescent	Pair Corr
0.6	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.33	QRVLX	Queens Road Value	Pair Corr
0.73	KNPYX	Kinetics Paradigm Downward Rally	Pair Corr
0.73	LSHCX	Horizon Spin Off Downward Rally	Pair Corr
0.73	KNPAX	Kinetics Paradigm Downward Rally	Pair Corr
0.73	LSHUX	Horizon Spin Off Downward Rally	Pair Corr
0.73	KNPCX	Kinetics Paradigm Downward Rally	Pair Corr
0.73	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.73	WWNPX	Kinetics Paradigm Downward Rally	Pair Corr
0.72	KMKCX	Kinetics Market Oppo Downward Rally	Pair Corr
0.68	SMPSX	Semiconductor Ultrasector	Pair Corr
0.62	VMRXX	Vanguard Money Market	Pair Corr
0.6	LETRX	Voya Russia Fund	Pair Corr
0.59	CISIX	Calvert Large Cap	Pair Corr
0.59	AMLPX	Maingate Mlp	Pair Corr
0.57	ASVNX	Small Cap Value	Pair Corr
0.53	FIFRX	Franklin Growth	Pair Corr
0.53	OSVCX	Jpmorgan Small Cap	Pair Corr
0.45	ETILX	Eventide Gilead	Pair Corr
0.34	FBMTX	American Funds 2065	Pair Corr
0.34	AMRFX	American Mutual	Pair Corr

Related Correlations Analysis

	PTY	QRSAX	QRSIX	QRSVX	QRVLX	FPACX	FPCSX	FPFIX	FPNRX
PTY		0.82	0.82	0.82	0.83	0.89	0.89	-0.62	-0.66	PTY
QRSAX	0.82		1.0	1.0	0.82	0.9	0.9	-0.65	-0.68	QRSAX
QRSIX	0.82	1.0		1.0	0.82	0.9	0.9	-0.65	-0.68	QRSIX
QRSVX	0.82	1.0	1.0		0.82	0.9	0.9	-0.65	-0.68	QRSVX
QRVLX	0.83	0.82	0.82	0.82		0.88	0.88	-0.3	-0.36	QRVLX
FPACX	0.89	0.9	0.9	0.9	0.88		1.0	-0.59	-0.63	FPACX
FPCSX	0.89	0.9	0.9	0.9	0.88	1.0		-0.59	-0.63	FPCSX
FPFIX	-0.62	-0.65	-0.65	-0.65	-0.3	-0.59	-0.59		1.0	FPFIX
FPNRX	-0.66	-0.68	-0.68	-0.68	-0.36	-0.63	-0.63	1.0		FPNRX
	PTY	QRSAX	QRSIX	QRSVX	QRVLX	FPACX	FPCSX	FPFIX	FPNRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

QRSIX	+ 1.0	QRSAX
QRSVX	+ 1.0	QRSAX
QRSVX	+ 1.0	QRSIX
FPCSX	+ 1.0	FPACX
FPNRX	+ 1.0	FPFIX
FPACX	+ 0.9	QRSAX

High negative correlations

FPNRX	- 0.68	QRSVX
FPNRX	- 0.68	QRSIX
FPNRX	- 0.68	QRSAX
FPNRX	- 0.66	PTY
FPFIX	- 0.65	QRSVX
FPFIX	- 0.65	QRSIX

Risk-Adjusted Indicators

There is a big difference between Fpa Mutual Fund performing well and Fpa Flexible 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 Fpa Flexible'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
PTY	0.17	0.07	(0.20)	2.71	0.00	(0.23)	0.50	(0.21)	1.26
QRSAX	0.79	(0.01)	0.03	0.11	0.67	(0.93)	1.92	(1.28)	6.37
QRSIX	0.79	(0.01)	0.03	0.11	0.67	(0.93)	1.94	(1.28)	6.37
QRSVX	0.79	(0.01)	0.03	0.11	0.67	(0.93)	1.94	(1.28)	6.35
QRVLX	0.59	0.00	(0.02)	0.12	0.46	(0.73)	1.19	(0.94)	4.15
FPACX	0.40	(0.02)	(0.13)	0.09	0.48	(0.41)	0.99	(0.73)	2.38
FPCSX	0.40	(0.02)	(0.13)	0.09	0.47	(0.41)	0.99	(0.72)	2.38
FPFIX	0.11	(0.01)	0.00	0.46	0.00	0.00	0.20	(0.20)	0.88
FPNRX	0.12	(0.01)	0.00	0.51	0.00	0.00	0.20	(0.30)	0.90

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC