Forester Value Correlations

FVALX Fund

USD 6.34 0.05 0.79%

The current 90-days correlation between Forester Value and Fidelity Fund Fidelity is -0.31 (i.e., Very good 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

Very weak diversification

The correlation between Forester Value Fund and DJI is 0.58 (i.e., Very weak 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

1.0	FVILX	Forester Value	Pair Corr
1.0	FVRLX	Forester Value	Pair Corr
0.83	VVIAX	Vanguard Value Index	Pair Corr
0.63	AMFFX	American Mutual	Pair Corr
0.62	AMFCX	American Mutual	Pair Corr
0.84	PDI	Pimco Dynamic Income	Pair Corr
0.68	FICKX	Fa Strategic Income	Pair Corr
0.65	OGINX	Oppenheimer Gr Incm	Pair Corr
0.78	MRVSX	Victory Integrity Small	Pair Corr
0.78	BAGIX	Baird Aggregate Bond	Pair Corr
0.79	CPCFX	Invesco E Plus	Pair Corr
0.79	TEDLX	Tiaa Cref Emerging	Pair Corr
0.92	PURZX	Prudential Global Real	Pair Corr
0.65	DQICX	Dreyfus Equity Income	Pair Corr
0.81	NQGCX	Nuveen Nwq Global	Pair Corr
0.79	FKUTX	Franklin Utilities Steady Growth	Pair Corr

Moving against Forester Mutual Fund

0.48	TCSUX	Cleartrack 2020 Class	Pair Corr
0.46	TCTGX	Transamerica Cleartrack	Pair Corr
0.46	TCTJX	Transamerica Cleartrack	Pair Corr
0.45	TDKTX	Cleartrack 2015 Class	Pair Corr
0.76	CESGX	Coho Relative Value	Pair Corr
0.66	UIPIX	Ultrashort Mid Cap	Pair Corr

Related Correlations Analysis

	FIRSX	CNPSX	CAFRX	CNJFX	FIRQX	ALTEX	FSYJX	QSML	FIRVX	FFIDX
FIRSX		0.84	0.95	0.93	1.0	0.95	0.96	0.8	1.0	0.71	FIRSX
CNPSX	0.84		0.8	0.9	0.85	0.8	0.86	0.52	0.83	0.31	CNPSX
CAFRX	0.95	0.8		0.86	0.95	0.97	0.94	0.78	0.95	0.69	CAFRX
CNJFX	0.93	0.9	0.86		0.93	0.87	0.89	0.68	0.92	0.49	CNJFX
FIRQX	1.0	0.85	0.95	0.93		0.94	0.96	0.79	1.0	0.7	FIRQX
ALTEX	0.95	0.8	0.97	0.87	0.94		0.94	0.81	0.95	0.69	ALTEX
FSYJX	0.96	0.86	0.94	0.89	0.96	0.94		0.66	0.96	0.58	FSYJX
QSML	0.8	0.52	0.78	0.68	0.79	0.81	0.66		0.81	0.83	QSML
FIRVX	1.0	0.83	0.95	0.92	1.0	0.95	0.96	0.81		0.73	FIRVX
FFIDX	0.71	0.31	0.69	0.49	0.7	0.69	0.58	0.83	0.73		FFIDX
	FIRSX	CNPSX	CAFRX	CNJFX	FIRQX	ALTEX	FSYJX	QSML	FIRVX	FFIDX

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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	0.18	0.02	(0.10)	0.16	0.04	(0.21)	0.42	(0.37)	1.01
CNPSX	0.94	0.33	0.32	1.33	0.41	(1.09)	2.18	(1.31)	5.06
CAFRX	0.77	0.21	0.13	0.44	1.03	(0.87)	1.97	(1.12)	7.38
CNJFX	0.87	0.18	0.16	0.39	0.69	(1.10)	2.25	(1.54)	5.40
FIRQX	0.16	0.02	(0.15)	0.17	0.00	(0.18)	0.35	(0.30)	0.85
ALTEX	1.72	0.23	0.11	0.26	1.93	(1.87)	4.15	(3.52)	12.23
FSYJX	0.71	0.15	0.16	0.32	0.56	(0.86)	1.61	(1.16)	4.44
QSML	0.85	0.01	0.02	0.07	0.84	(1.05)	2.04	(1.69)	4.97
FIRVX	0.22	0.02	(0.07)	0.15	0.15	(0.24)	0.48	(0.46)	1.19
FFIDX	0.54	(0.06)	0.00	(0.02)	0.00	0.00	1.30	(1.36)	3.70

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