Fa529 Gr Correlations

FGDPX Fund

USD 75.61 1.20 1.61%

The current 90-days correlation between Fa529 Gr Op and Invesco Energy Fund is 0.1 (i.e., Average diversification). The correlation of Fa529 Gr 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 Gr Correlation With Market

Modest diversification

The correlation between Fa529 Gr Op and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fa529 Gr Op 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 Gr Op. 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 american community survey.

Moving together with Fa529 Mutual Fund

0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.89	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSMX	Vanguard Total Stock	Pair Corr
0.86	VITSX	Vanguard Total Stock	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.89	VFINX	Vanguard 500 Index	Pair Corr
0.89	VFFSX	Vanguard 500 Index	Pair Corr
0.79	LFRIX	Floating Rate	Pair Corr
0.7	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.77	MSFT	Microsoft Earnings Call This Week	Pair Corr
0.84	AXP	American Express Earnings Call Tomorrow	Pair Corr
0.64	BAC	Bank of America	Pair Corr
0.61	T	ATT Inc Earnings Call Today	Pair Corr
0.86	WMT	Walmart	Pair Corr

Moving against Fa529 Mutual Fund

0.77	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.59	PFE	Pfizer Inc Earnings Call This Week	Pair Corr
0.58	XOM	Exxon Mobil Corp Fiscal Year End 7th of February 2025	Pair Corr
0.47	HPQ	HP Inc	Pair Corr
0.44	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.35	VGTSX	Vanguard Total Inter	Pair Corr
0.32	VTIAX	Vanguard Total Inter	Pair Corr
0.32	VZ	Verizon Communications Sell-off Trend	Pair Corr

Related Correlations Analysis

	IEFCX	VLPIX	ENPSX	FSLEX	ALEFX	RYVIX	HNRGX
IEFCX		0.63	0.96	0.22	0.75	0.91	0.86	IEFCX
VLPIX	0.63		0.48	0.72	0.92	0.78	0.92	VLPIX
ENPSX	0.96	0.48		0.11	0.66	0.83	0.73	ENPSX
FSLEX	0.22	0.72	0.11		0.64	0.47	0.56	FSLEX
ALEFX	0.75	0.92	0.66	0.64		0.84	0.92	ALEFX
RYVIX	0.91	0.78	0.83	0.47	0.84		0.94	RYVIX
HNRGX	0.86	0.92	0.73	0.56	0.92	0.94		HNRGX
	IEFCX	VLPIX	ENPSX	FSLEX	ALEFX	RYVIX	HNRGX

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Risk-Adjusted Indicators

There is a big difference between Fa529 Mutual Fund performing well and Fa529 Gr 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 Gr'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
IEFCX	0.73	0.04	0.02	0.19	1.02	(0.69)	1.25	(1.73)	5.01
VLPIX	0.82	0.18	0.15	0.43	0.90	(0.90)	1.93	(1.59)	5.51
ENPSX	1.20	0.02	0.01	0.08	1.61	(1.24)	2.07	(3.16)	9.88
FSLEX	0.82	0.08	0.05	0.22	1.18	(0.81)	1.84	(1.67)	6.96
ALEFX	0.87	0.18	0.12	0.49	1.16	(0.94)	1.96	(2.24)	6.29
RYVIX	1.26	0.05	0.03	0.12	1.47	(1.38)	2.33	(2.57)	13.02
HNRGX	0.82	0.11	0.08	0.41	0.96	(0.88)	1.71	(1.83)	7.42

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