Forester Value Correlations

FVALX Fund

USD 5.96 0.02 0.33%

The current 90-days correlation between Forester Value and Fidelity Income Replacement is 0.14 (i.e., Average diversification). The correlation of Forester 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.

Forester Value Correlation With Market

Average diversification

The correlation between Forester Value Fund and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forester 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 Forester 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 board of governors.

Moving together with Forester Mutual Fund

0.86	FVRLX	Forester Value	Pair Corr
0.64	LOGSX	Live Oak Health	Pair Corr

Moving against Forester Mutual Fund

0.35

AUNCX

Ab Municipal Bond

Pair Corr

Related Correlations Analysis

	FIRSX	CNPSX	CAFRX	CNJFX	FIRQX	ALTEX	FSYJX	QSML	FIRVX	FFIDX
FIRSX		0.14	0.63	0.78	0.81	0.49	0.61	0.75	1.0	0.81	FIRSX
CNPSX	0.14		0.1	0.21	0.27	0.14	-0.23	0.36	0.12	-0.04	CNPSX
CAFRX	0.63	0.1		0.73	0.49	0.26	0.15	0.62	0.63	0.76	CAFRX
CNJFX	0.78	0.21	0.73		0.6	0.32	0.39	0.85	0.8	0.78	CNJFX
FIRQX	0.81	0.27	0.49	0.6		0.37	0.5	0.62	0.78	0.74	FIRQX
ALTEX	0.49	0.14	0.26	0.32	0.37		0.44	0.42	0.5	0.29	ALTEX
FSYJX	0.61	-0.23	0.15	0.39	0.5	0.44		0.39	0.63	0.62	FSYJX
QSML	0.75	0.36	0.62	0.85	0.62	0.42	0.39		0.78	0.73	QSML
FIRVX	1.0	0.12	0.63	0.8	0.78	0.5	0.63	0.78		0.82	FIRVX
FFIDX	0.81	-0.04	0.76	0.78	0.74	0.29	0.62	0.73	0.82		FFIDX
	FIRSX	CNPSX	CAFRX	CNJFX	FIRQX	ALTEX	FSYJX	QSML	FIRVX	FFIDX

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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

FIRVX	+ 1.0	FIRSX
QSML	+ 0.85	CNJFX
FFIDX	+ 0.82	FIRVX
FIRQX	+ 0.81	FIRSX
FFIDX	+ 0.81	FIRSX
FIRVX	+ 0.8	CNJFX

High negative correlations

FSYJX	- 0.23	CNPSX
FFIDX	- 0.04	CNPSX

Risk-Adjusted Indicators

There is a big difference between Forester Mutual Fund performing well and Forester 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 Forester 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
FIRSX	0.20	(0.01)	(0.16)	0.01	0.32	(0.19)	0.39	(0.40)	1.08
CNPSX	0.80	(0.03)	0.00	(0.24)	0.00	0.00	1.98	(1.31)	5.81
CAFRX	0.84	0.21	0.16	0.51	0.80	(0.93)	1.96	(1.46)	4.82
CNJFX	0.78	0.01	(0.01)	0.07	0.94	(0.92)	1.62	(1.40)	4.75
FIRQX	0.17	(0.01)	(0.21)	(0.16)	0.31	(0.16)	0.34	(0.35)	1.74
ALTEX	1.78	0.10	0.05	0.12	2.23	(1.78)	4.15	(4.62)	14.65
FSYJX	0.74	0.05	0.00	1.18	1.04	(0.78)	1.38	(1.29)	5.29
QSML	0.82	(0.04)	(0.02)	0.03	0.97	(0.95)	1.77	(1.52)	3.96
FIRVX	0.23	(0.01)	(0.14)	0.02	0.35	(0.23)	0.47	(0.48)	1.31
FFIDX	0.58	0.07	0.01	0.86	0.75	(0.58)	1.41	(1.19)	3.74

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