Frost Low Correlations

FILDX Fund

USD 9.86 0.01 0.10%

The current 90-days correlation between Frost Low Duration and Frost Growth Equity is -0.17 (i.e., Good 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

Good diversification

The correlation between Frost Low Duration and DJI is -0.13 (i.e., Good 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 signals in unemployment.

Moving together with Frost Mutual Fund

0.99	FADLX	Frost Low Duration	Pair Corr
0.91	FAJEX	Frost Total Return	Pair Corr
0.92	FATRX	Frost Total Return	Pair Corr
0.7	FCFIX	Frost Credit	Pair Corr
0.72	FCFBX	Fidelity Advisor Freedom	Pair Corr
0.72	FCFAX	Frost Credit	Pair Corr
0.92	FIJEX	Frost Total Return	Pair Corr
0.9	VBIRX	Vanguard Short Term	Pair Corr
0.78	VFSUX	Vanguard Short Term	Pair Corr
0.87	VFSIX	Vanguard Short Term	Pair Corr
0.89	VFSTX	Vanguard Short Term	Pair Corr
0.96	VBITX	Vanguard Short Term	Pair Corr
0.96	VBISX	Vanguard Short Term	Pair Corr
0.63	LALDX	Lord Abbett Short	Pair Corr
0.97	VSCSX	Vanguard Short Term	Pair Corr
0.79	GABFX	Gmo Asset Allocation	Pair Corr

Moving against Frost Mutual Fund

0.52	ATAGX	Anchor Risk Managed	Pair Corr
0.52	VIGAX	Vanguard Growth Index	Pair Corr
0.51	GCAVX	Gmo Small Cap	Pair Corr
0.51	VGOSX	Voya Large Cap	Pair Corr
0.5	RYVYX	Nasdaq 100 2x	Pair Corr
0.49	GMCQX	Gmo Equity Allocation	Pair Corr
0.46	USPRX	Sp 500 Index	Pair Corr
0.41	CMEUX	Six Circles Managed	Pair Corr
0.39	RWSIX	Redwood Systematic Macro	Pair Corr
0.39	FPURX	Fidelity Puritan	Pair Corr
0.37	RCILX	Alternative Credit Income	Pair Corr

Related Correlations Analysis

	FACEX	FATRX	FCFIX	FCFBX	FCFAX	FICEX	FIJEX
FACEX		-0.06	0.03	0.01	0.05	1.0	-0.06	FACEX
FATRX	-0.06		0.45	0.48	0.49	-0.08	1.0	FATRX
FCFIX	0.03	0.45		0.99	0.99	0.04	0.47	FCFIX
FCFBX	0.01	0.48	0.99		0.99	0.01	0.49	FCFBX
FCFAX	0.05	0.49	0.99	0.99		0.05	0.5	FCFAX
FICEX	1.0	-0.08	0.04	0.01	0.05		-0.08	FICEX
FIJEX	-0.06	1.0	0.47	0.49	0.5	-0.08		FIJEX
	FACEX	FATRX	FCFIX	FCFBX	FCFAX	FICEX	FIJEX

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

FICEX	+ 1.0	FACEX
FIJEX	+ 1.0	FATRX
FCFBX	+ 0.99	FCFIX
FCFAX	+ 0.99	FCFIX
FCFAX	+ 0.99	FCFBX
FIJEX	+ 0.5	FCFAX

High negative correlations

FIJEX	- 0.08	FICEX
FICEX	- 0.08	FATRX
FIJEX	- 0.06	FACEX
FATRX	- 0.06	FACEX

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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FACEX	1.02	(0.33)	0.00	(0.21)	0.00	1.69	(2.47)	20.43
FATRX	0.18	(0.01)	0.00	0.35	0.00	0.41	(0.41)	1.12
FCFIX	0.11	0.01	(0.62)	(3.68)	(0.17)	0.21	(0.21)	0.63
FCFBX	0.11	0.01	(0.67)	(1.01)	(0.17)	0.21	(0.21)	0.53
FCFAX	0.11	0.01	(0.63)	(1.03)	(0.19)	0.21	(0.21)	0.74
FICEX	1.01	(0.32)	0.00	(0.20)	0.00	1.69	(2.48)	19.67
FIJEX	0.18	(0.01)	0.00	0.35	0.00	0.41	(0.51)	1.12

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