Materials Portfolio Correlations

FSDPX Fund

USD 102.12 0.27 0.26%

The current 90-days correlation between Materials Portfolio and Chemicals Portfolio Chemicals is 0.82 (i.e., Very poor diversification). The correlation of Materials Portfolio 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.

Materials Portfolio Correlation With Market

Significant diversification

The correlation between Materials Portfolio Materials and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Materials Portfolio Materials 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 Materials Portfolio Materials. 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 Materials Mutual Fund

0.8	TRNEX	T Rowe Price	Pair Corr
0.98	VMIAX	Vanguard Materials Index	Pair Corr
0.81	PRNEX	T Rowe Price	Pair Corr
0.9	GHAIX	Global Hard Assets	Pair Corr
0.99	FMFEX	Materials Portfolio	Pair Corr
0.99	FMFAX	Materials Portfolio	Pair Corr
0.99	FMFCX	Materials Portfolio	Pair Corr
0.75	DXQLX	Direxion Monthly Nasdaq	Pair Corr
0.75	RYVLX	Nasdaq 100 2x	Pair Corr
0.75	RYVYX	Nasdaq 100 2x	Pair Corr
0.75	UOPIX	Ultra Nasdaq 100	Pair Corr
0.75	RYCCX	Nasdaq 100 2x	Pair Corr
0.75	UOPSX	Ultranasdaq 100 Profund	Pair Corr
0.78	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.69	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.62	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.7	HD	Home Depot Sell-off Trend	Pair Corr
0.7	GE	GE Aerospace Fiscal Year End 28th of January 2025	Pair Corr

Moving against Materials Mutual Fund

0.37	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.33	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	FSCHX	FCYIX	FSRFX	FSAVX	FSCPX
FSCHX		0.4	0.25	0.27	0.21	FSCHX
FCYIX	0.4		0.95	0.9	0.93	FCYIX
FSRFX	0.25	0.95		0.88	0.91	FSRFX
FSAVX	0.27	0.9	0.88		0.94	FSAVX
FSCPX	0.21	0.93	0.91	0.94		FSCPX
	FSCHX	FCYIX	FSRFX	FSAVX	FSCPX

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Risk-Adjusted Indicators

There is a big difference between Materials Mutual Fund performing well and Materials Portfolio 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 Materials Portfolio'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
FSCHX	0.71	0.03	(0.10)	0.44	0.77	(0.82)	1.42	(1.28)	4.39
FCYIX	0.75	0.23	0.12	16.31	0.55	(0.79)	1.97	(1.45)	7.00
FSRFX	0.81	0.18	0.05	(0.98)	0.73	(0.92)	1.83	(1.28)	6.03
FSAVX	0.89	0.12	0.00	(34.29)	1.02	(0.90)	2.23	(1.86)	4.99
FSCPX	0.83	0.23	0.12	3.64	0.72	(0.96)	1.78	(1.61)	4.38

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