Fwnhtx Correlations

FWNHTX Fund

USD 602.72 0.02 0%

The current 90-days correlation between Fwnhtx and Vanguard Total Bond is 0.15 (i.e., Average diversification). The correlation of Fwnhtx 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.

Fwnhtx Correlation With Market

Pay attention - limited upside

The correlation between Fwnhtx and DJI is -0.86 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fwnhtx 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 Fwnhtx. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in rate.

Moving against Fwnhtx Fund

0.95	USCGX	Capital Growth	Pair Corr
0.93	USPVX	Union Street Partners	Pair Corr
0.92	PRNEX	T Rowe Price	Pair Corr
0.9	PHDTX	Pace High Yield	Pair Corr
0.89	PISDX	Columbia Pyrford Int	Pair Corr
0.89	NSRIX	Northern Global Sust	Pair Corr
0.88	USERX	Gold And Precious	Pair Corr
0.88	VSMVX	Vanguard Sp Small	Pair Corr
0.87	RTISX	Select International	Pair Corr
0.87	FIJDX	Gold Portfolio Fidelity	Pair Corr
0.86	VTIAX	Vanguard Total Inter	Pair Corr
0.86	RLIAX	Invesco Income Allocation	Pair Corr
0.86	REREX	Europacific Growth	Pair Corr
0.85	SHXCX	American Beacon Shapiro	Pair Corr
0.85	VIVAX	Vanguard Value Index	Pair Corr
0.84	SWYHX	Schwab Target 2045	Pair Corr
0.84	NWEIX	Nationwide Destination	Pair Corr
0.82	GFSZX	Strategic Alternatives	Pair Corr
0.82	TVOCX	Touchstone Small Cap	Pair Corr
0.74	VTSAX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.74	NHS	Neuberger Berman High	Pair Corr
0.73	VSMPX	Vanguard Total Stock	Pair Corr
0.72	VTSMX	Vanguard Total Stock	Pair Corr
0.72	VITSX	Vanguard Total Stock	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.69	VFIAX	Vanguard 500 Index	Pair Corr
0.52	VBTLX	Vanguard Total Bond	Pair Corr
0.47	AVPEX	Alpsred Rocks Listed	Pair Corr
0.95	PRDGX	T Rowe Price	Pair Corr
0.93	PRFDX	T Rowe Price	Pair Corr
0.93	DNVYX	Davis New York	Pair Corr
0.92	DAGVX	Dreyfus Strategic Value	Pair Corr
0.91	NFJEX	Allianzgi Nfj Dividend	Pair Corr
0.88	NEZNX	Loomis Sayles Strategic	Pair Corr
0.87	LISIX	Lazard International	Pair Corr
0.87	THORX	Thornburg Global Opp	Pair Corr
0.86	BHYIX	Blackrock High Yield	Pair Corr
0.85	FAATX	American Funds 2010	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VSTSX	VITSX	VSMPX	VTIAX	VFINX	VFFSX	VBTLX
VTSAX		0.88	0.89	1.0	0.89	0.89	0.75	0.88	1.0	0.54	VTSAX
VFIAX	0.88		1.0	0.88	1.0	1.0	0.72	1.0	0.88	0.55	VFIAX
VTSMX	0.89	1.0		0.89	1.0	1.0	0.75	1.0	0.88	0.57	VTSMX
VSTSX	1.0	0.88	0.89		0.89	0.89	0.75	0.88	1.0	0.54	VSTSX
VITSX	0.89	1.0	1.0	0.89		1.0	0.75	0.99	0.88	0.57	VITSX
VSMPX	0.89	1.0	1.0	0.89	1.0		0.75	0.99	0.88	0.57	VSMPX
VTIAX	0.75	0.72	0.75	0.75	0.75	0.75		0.72	0.72	0.77	VTIAX
VFINX	0.88	1.0	1.0	0.88	0.99	0.99	0.72		0.87	0.54	VFINX
VFFSX	1.0	0.88	0.88	1.0	0.88	0.88	0.72	0.87		0.52	VFFSX
VBTLX	0.54	0.55	0.57	0.54	0.57	0.57	0.77	0.54	0.52		VBTLX
	VTSAX	VFIAX	VTSMX	VSTSX	VITSX	VSMPX	VTIAX	VFINX	VFFSX	VBTLX

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Risk-Adjusted Indicators

There is a big difference between Fwnhtx Fund performing well and Fwnhtx 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 Fwnhtx'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
VTSAX	0.58	0.01	(0.05)	(0.29)	0.81	(0.57)	1.11	(1.58)	3.73
VFIAX	0.54	(0.04)	(0.06)	0.00	0.80	(0.53)	0.99	(1.54)	3.61
VTSMX	0.57	(0.03)	(0.05)	0.00	0.79	(0.58)	1.11	(1.58)	3.74
VSTSX	0.58	0.01	(0.05)	(0.31)	0.81	(0.57)	1.11	(1.58)	3.74
VITSX	0.57	(0.03)	(0.05)	0.00	0.79	(0.58)	1.11	(1.58)	3.73
VSMPX	0.57	(0.03)	(0.05)	0.00	0.79	(0.58)	1.11	(1.58)	3.73
VTIAX	0.60	0.13	0.14	0.23	0.55	(0.65)	1.47	(1.18)	4.10
VFINX	0.55	(0.04)	(0.06)	0.00	0.81	(0.53)	1.06	(1.54)	3.61
VFFSX	0.55	0.00	(0.05)	0.05	0.81	(0.53)	0.99	(1.54)	3.61
VBTLX	0.15	0.01	(0.13)	0.16	0.04	(0.18)	0.31	(0.31)	0.62

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Fwnhtx Correlations

Fwnhtx Correlation With Market

Pay attention - limited upside

Moving against Fwnhtx Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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