Financial Industries Correlations

Mutual Funds . USA . 
Fund . Financial Industries Fund
FIDAX Fund  USD 19.14  0.05  0.26%   
The current 90-days correlation between Financial Industries and Nuveen Missouri Municipal is -0.22 (i.e., Very good diversification). The correlation of Financial Industries 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.

Financial Industries Correlation With Market

Good diversification

The correlation between Financial Industries Fund and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial Industries Fund 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 Financial Industries Fund. 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 Financial Mutual Fund

  0.99FRBAX Regional BankPairCorr
  0.94FRBCX Regional BankPairCorr
  0.74JQLMX Multimanager LifestylePairCorr
  0.74JQLBX Multimanager LifestylePairCorr
  0.86JQLAX Multimanager LifestylePairCorr
  0.74JQLCX Multimanager LifestylePairCorr
  0.79JQLGX Multimanager LifestylePairCorr
  0.99JRBFX Regional BankPairCorr
  0.79JRETX J Hancock IiPairCorr
  0.94JRGRX Regional BankPairCorr
  0.79JRLDX Retirement Living ThroughPairCorr
  0.8JRLIX Retirement Living ThroughPairCorr
  0.76JRLHX Retirement Living ThroughPairCorr
  0.77JRLLX Retirement Living ThroughPairCorr
  0.71JRLOX Retirement Living ThroughPairCorr
  0.7JRLQX Retirement Living ThroughPairCorr
  0.71JRLUX Multi Index 2045PairCorr
  0.66JRLVX Retirement Living ThroughPairCorr
  0.79JROUX J Hancock IiPairCorr
  0.64JRODX J Hancock IiPairCorr
  0.83JAAJX Jhancock Multi IndexPairCorr
  0.83JAAKX Jhancock Multi IndexPairCorr
  0.78JRTBX Retirement Living ThroughPairCorr
  0.81JRTFX Retirement Living ThroughPairCorr
  0.83JAAVX Jhancock MultimanagerPairCorr
  0.73JRTKX Retirement Living ThroughPairCorr
  0.79JRTJX Retirement Living ThroughPairCorr
  0.84JAAWX Jhancock MultimanagerPairCorr
  0.78JRTMX Multi Index 2035PairCorr
  0.77JRTNX Retirement Living ThroughPairCorr
  0.83JABDX Jhancock MultimanagerPairCorr
  0.74JRTTX Retirement Living ThroughPairCorr
  0.84JABBX Jhancock MultimanagerPairCorr
  0.85JABFX Jhancock Real EstatePairCorr
  0.74JRTWX Retirement Living ThroughPairCorr
  0.75JRTVX Multi Index 2040PairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Financial Mutual Fund performing well and Financial Industries 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 Financial Industries' 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.

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