Frost Low Correlations

FILDX Fund

USD 9.82 0.03 0.30%

The current 90-days correlation between Frost Low Duration and T Rowe Price is 0.27 (i.e., Modest diversification). The correlation of Frost Low 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.

Frost Low Correlation With Market

Average diversification

The correlation between Frost Low Duration and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frost Low Duration 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 Frost Low Duration. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Frost Mutual Fund

0.72	VBIRX	Vanguard Short Term	Pair Corr
0.87	VFSUX	Vanguard Short Term	Pair Corr
0.91	VFSIX	Vanguard Short Term	Pair Corr
0.91	VFSTX	Vanguard Short Term	Pair Corr
0.91	VBITX	Vanguard Short Term	Pair Corr
0.91	VBISX	Vanguard Short Term	Pair Corr
0.72	LALDX	Lord Abbett Short	Pair Corr
0.95	VSCSX	Vanguard Short Term	Pair Corr
0.77	LDLAX	Lord Abbett Short	Pair Corr
0.89	LDLRX	Lord Abbett Short	Pair Corr
0.78	PFN	Pimco Income Strategy	Pair Corr
0.7	CIF	Mfs Intermediate High	Pair Corr
0.78	XPPRX	Voya Prime Rate	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr

Moving against Frost Mutual Fund

0.54	INTC	Intel	Pair Corr
0.46	HPQ	HP Inc	Pair Corr
0.41	XOM	Exxon Mobil Corp Earnings Call Today	Pair Corr

Related Correlations Analysis

	TADGX	TAAKX	DBIWX	PRNHX	TACLX
TADGX		0.74	0.52	0.91	0.98	TADGX
TAAKX	0.74		0.57	0.84	0.75	TAAKX
DBIWX	0.52	0.57		0.65	0.47	DBIWX
PRNHX	0.91	0.84	0.65		0.9	PRNHX
TACLX	0.98	0.75	0.47	0.9		TACLX
	TADGX	TAAKX	DBIWX	PRNHX	TACLX

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Risk-Adjusted Indicators

There is a big difference between Frost Mutual Fund performing well and Frost Low 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 Frost Low'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
TADGX	0.55	(0.04)	(0.08)	0.02	0.93	(0.59)	0.97	(0.98)	5.71
TAAKX	0.64	(0.03)	(0.04)	0.05	1.24	(0.64)	1.24	(1.29)	6.84
DBIWX	0.25	(0.01)	(0.19)	0.04	0.35	(0.26)	0.59	(0.69)	1.86
PRNHX	0.90	(0.01)	(0.02)	0.08	1.18	(0.97)	1.80	(1.60)	7.56
TACLX	0.57	(0.02)	(0.07)	0.06	0.76	(0.63)	1.03	(0.97)	5.47

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