Frank Value Correlations

FNKCX Fund

USD 14.43 0.06 0.42%

The current 90-days correlation between Frank Value Fund and Doubleline Emerging Markets is 0.01 (i.e., Significant diversification). The correlation of Frank Value 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.

Frank Value Correlation With Market

Weak diversification

The correlation between Frank Value Fund and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frank Value 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 Frank Value 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 manufacturing.

Moving together with Frank Mutual Fund

1.0	FRNKX	Frank Value Fund	Pair Corr
1.0	FNKIX	Frank Value Fund	Pair Corr
0.93	JVMAX	John Hancock Disciplined	Pair Corr
0.8	JVMIX	John Hancock Disciplined	Pair Corr
0.69	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.63	MVCAX	Mfs Mid Cap	Pair Corr
0.62	OAKMX	Oakmark Fund Investor	Pair Corr
0.63	CBURX	Columbia Income Builder	Pair Corr
0.74	ARKVX	Ark Venture Fund	Pair Corr
0.81	NRMGX	Neuberger Berman Mid	Pair Corr
0.64	HMVSX	Hartford Midcap	Pair Corr
0.88	RSLCX	Smallcap World	Pair Corr

Related Correlations Analysis

	DBELX	EGLNX	SYMAX	PCEMX	RYCCX	EMDQX	IGIEX
DBELX		0.71	0.49	0.67	0.63	0.65	0.85	DBELX
EGLNX	0.71		0.66	0.45	0.35	0.74	0.54	EGLNX
SYMAX	0.49	0.66		0.59	0.64	0.73	0.3	SYMAX
PCEMX	0.67	0.45	0.59		0.89	0.58	0.66	PCEMX
RYCCX	0.63	0.35	0.64	0.89		0.51	0.6	RYCCX
EMDQX	0.65	0.74	0.73	0.58	0.51		0.55	EMDQX
IGIEX	0.85	0.54	0.3	0.66	0.6	0.55		IGIEX
	DBELX	EGLNX	SYMAX	PCEMX	RYCCX	EMDQX	IGIEX

Risk-Adjusted Indicators

There is a big difference between Frank Mutual Fund performing well and Frank Value 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 Frank Value'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
DBELX	0.20	0.02	(0.14)	(2.32)	0.26	(0.22)	0.42	(0.52)	1.56
EGLNX	0.66	(0.01)	(0.06)	0.05	0.83	(0.76)	1.26	(1.61)	3.79
SYMAX	0.58	0.02	(0.01)	0.09	0.64	(0.61)	1.14	(1.29)	2.96
PCEMX	0.67	0.10	0.08	0.21	0.80	(0.81)	1.62	(1.34)	5.04
RYCCX	1.83	0.10	0.06	0.13	2.38	(1.96)	4.31	(4.11)	16.28
EMDQX	0.18	0.03	(0.13)	0.36	0.00	(0.27)	0.41	(0.41)	1.02
IGIEX	0.18	0.04	(0.09)	0.32	0.00	(0.26)	0.45	(0.33)	1.12

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Frank Value Correlations

Frank Value Correlation With Market

Weak diversification

Moving together with Frank Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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