Consumer Discretionary Correlations

FSCPX Fund

USD 69.69 1.01 1.47%

The current 90-days correlation between Consumer Discretionary and Industrials Portfolio Industrials is 0.69 (i.e., Poor diversification). The correlation of Consumer Discretionary 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.

Consumer Discretionary Correlation With Market

Poor diversification

The correlation between Consumer Discretionary Portfol and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Discretionary Portfol 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 Consumer Discretionary Portfolio. 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 Consumer Mutual Fund

0.68	IP	International Paper	Pair Corr
0.66	SW	Smurfit WestRock plc	Pair Corr
0.68	ELMSQ	Electric Last Mile	Pair Corr
0.77	DRVN	Driven Brands Holdings	Pair Corr
0.7	WBUY	WEBUY GLOBAL LTD	Pair Corr
0.68	FLUT	Flutter Entertainment plc	Pair Corr
0.81	GEF	Greif Bros Fiscal Year End 4th of December 2024	Pair Corr
0.73	KAR	KAR Auction Services	Pair Corr
0.81	KRT	Karat Packaging	Pair Corr

Moving against Consumer Mutual Fund

0.68	TFRFF	Tefron	Pair Corr
0.57	EBET	Ebet Inc	Pair Corr
0.54	EVKG	Ever Glory Internati	Pair Corr
0.43	EXTO	Almacenes xito SA	Pair Corr
0.39	FIGS	Figs Inc	Pair Corr
0.36	WPRT	Westport Fuel Systems	Pair Corr
0.32	WINR	Simplicity Esports and	Pair Corr
0.31	F-PC	Ford Motor	Pair Corr
0.69	DSS	DSS Inc	Pair Corr
0.64	CYD	China Yuchai Interna	Pair Corr
0.58	AVY	Avery Dennison Corp	Pair Corr
0.58	MMA	Alta Global Group	Pair Corr
0.44	MYE	Myers Industries	Pair Corr
0.35	FXLV	F45 Training Holdings	Pair Corr
0.35	MRM	Medirom Healthcare	Pair Corr

Related Correlations Analysis

	FCYIX	FSAVX	FDLSX	FBMPX	FSHOX
FCYIX		0.88	0.74	0.77	0.89	FCYIX
FSAVX	0.88		0.6	0.63	0.73	FSAVX
FDLSX	0.74	0.6		0.96	0.65	FDLSX
FBMPX	0.77	0.63	0.96		0.7	FBMPX
FSHOX	0.89	0.73	0.65	0.7		FSHOX
	FCYIX	FSAVX	FDLSX	FBMPX	FSHOX

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Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Discretionary 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 Consumer Discretionary'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
FCYIX	0.81	0.06	0.07	0.16	0.84	(0.82)	1.97	(1.51)	7.00
FSAVX	0.89	0.00	0.01	0.12	1.00	(0.91)	2.23	(1.86)	4.93
FDLSX	0.64	0.24	0.16	25.44	0.42	(0.76)	1.42	(1.08)	3.79
FBMPX	0.74	0.15	0.01	(0.82)	0.81	(0.75)	1.59	(1.72)	4.09
FSHOX	0.75	0.06	0.02	0.20	0.78	(0.84)	1.59	(1.58)	4.04

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