Fa529 Tl Correlations

FTBAX Fund

USD 12.56 0.01 0.08%

The current 90-days correlation between Fa529 Tl Pt and Maryland Tax Free Bond is 0.16 (i.e., Average diversification). The correlation of Fa529 Tl 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.

Fa529 Tl Correlation With Market

Average diversification

The correlation between Fa529 Tl Pt and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fa529 Tl Pt 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 Fa529 Tl Pt. 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 nation.

Moving together with Fa529 Mutual Fund

0.86	KO	Coca Cola Aggressive Push	Pair Corr
0.64	PG	Procter Gamble	Pair Corr
0.87	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.68	JNJ	Johnson Johnson Sell-off Trend	Pair Corr

Moving against Fa529 Mutual Fund

0.7	VITSX	Vanguard Total Stock	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.69	VFINX	Vanguard 500 Index	Pair Corr
0.68	VTSAX	Vanguard Total Stock	Pair Corr
0.68	VTSMX	Vanguard Total Stock	Pair Corr
0.68	VSTSX	Vanguard Total Stock	Pair Corr
0.68	VSMPX	Vanguard Total Stock	Pair Corr
0.67	VFFSX	Vanguard 500 Index	Pair Corr
0.82	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.79	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.71	HPQ	HP Inc	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.52	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.46	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.35	HD	Home Depot	Pair Corr

Related Correlations Analysis

	TFBIX	CWFIX	TSDUX	PRVBX	MBSAX	PATFX	LTEBX
TFBIX		0.32	-0.16	0.38	0.8	0.98	0.87	TFBIX
CWFIX	0.32		0.8	0.81	0.43	0.34	0.27	CWFIX
TSDUX	-0.16	0.8		0.59	-0.13	-0.14	-0.23	TSDUX
PRVBX	0.38	0.81	0.59		0.52	0.47	0.41	PRVBX
MBSAX	0.8	0.43	-0.13	0.52		0.8	0.81	MBSAX
PATFX	0.98	0.34	-0.14	0.47	0.8		0.9	PATFX
LTEBX	0.87	0.27	-0.23	0.41	0.81	0.9		LTEBX
	TFBIX	CWFIX	TSDUX	PRVBX	MBSAX	PATFX	LTEBX

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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

PATFX	+ 0.98	TFBIX
LTEBX	+ 0.9	PATFX
LTEBX	+ 0.87	TFBIX
PRVBX	+ 0.81	CWFIX
LTEBX	+ 0.81	MBSAX
MBSAX	+ 0.8	TFBIX

High negative correlations

LTEBX	- 0.23	TSDUX
TSDUX	- 0.16	TFBIX
PATFX	- 0.14	TSDUX
MBSAX	- 0.13	TSDUX

Risk-Adjusted Indicators

There is a big difference between Fa529 Mutual Fund performing well and Fa529 Tl 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 Fa529 Tl'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
TFBIX	0.15	0.01	(0.26)	(0.01)	0.21	(0.22)	0.40	(0.39)	1.58
CWFIX	0.07	0.01	(0.71)	1.19	0.00	(0.12)	0.11	(0.11)	0.42
TSDUX	0.03	0.01	0.00	(9.14)	0.00	0.00	0.10	0.00	0.10
PRVBX	0.09	0.01	(0.74)	0.61	0.00	(0.10)	0.20	(0.20)	0.53
MBSAX	0.22	0.00	(0.29)	0.09	0.23	(0.24)	0.37	(0.44)	1.48
PATFX	0.15	0.01	(0.23)	0.02	0.23	(0.24)	0.44	(0.35)	1.69
LTEBX	0.09	(0.01)	(0.43)	(0.24)	0.12	(0.13)	0.20	(0.19)	0.78

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