Green Century Correlations

GCIFX Fund

USD 14.48 0.10 0.69%

The current 90-days correlation between Green Century Msci and Green Century Equity is 0.77 (i.e., Poor diversification). The correlation of Green Century 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.

Green Century Correlation With Market

Poor diversification

The correlation between Green Century Msci and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Green Century Msci and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Green Century Msci. 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 census.

Moving together with Green Mutual Fund

1.0	GCINX	Green Century Msci	Pair Corr
0.96	VGTSX	Vanguard Total Inter	Pair Corr
0.96	VTIAX	Vanguard Total Inter	Pair Corr
0.96	VTSNX	Vanguard Total Inter	Pair Corr
0.96	VTPSX	Vanguard Total Inter	Pair Corr
0.96	VTISX	Vanguard Total Inter	Pair Corr
0.95	VTMGX	Vanguard Developed	Pair Corr
0.95	VDVIX	Vanguard Developed	Pair Corr
0.95	VTMNX	Vanguard Developed	Pair Corr
0.95	VDIPX	Vanguard Developed	Pair Corr
0.94	FSPSX	Fidelity International	Pair Corr
0.88	VDMCX	Virtus Kar Developing	Pair Corr
0.85	ENHNX	Cullen Enhanced Equity	Pair Corr
0.77	TRLDX	T Rowe Price	Pair Corr
0.84	PLEDX	Pacific Funds Esg	Pair Corr
0.89	RVRPX	American Funds Retirement	Pair Corr
0.81	PCCMX	Pimco Short Duration	Pair Corr
0.87	GSCJX	Goldman Sachs Income	Pair Corr
0.81	NVG	Nuveen Amt Free	Pair Corr
0.81	RYGBX	Government Long Bond	Pair Corr
0.78	JAEOX	John Hancock Variable	Pair Corr
0.86	HWDYX	Hartford World	Pair Corr
0.92	JLBHX	Retirement Living Through	Pair Corr

Moving against Green Mutual Fund

0.51	SMPSX	Semiconductor Ultrasector	Pair Corr
0.37	GCEQX	Green Century Equity	Pair Corr
0.37	GCEUX	Green Century Equity	Pair Corr
0.52	SMPIX	Semiconductor Ultrasector	Pair Corr
0.7	MKTBX	Mainstay Tax Free	Pair Corr
0.53	MBLCX	Madison Diversified	Pair Corr

Related Correlations Analysis

	GCEQX	GCBLX	GCINX	GCEUX	AACCX
GCEQX		0.78	-0.37	1.0	0.48	GCEQX
GCBLX	0.78		-0.26	0.78	0.62	GCBLX
GCINX	-0.37	-0.26		-0.37	0.34	GCINX
GCEUX	1.0	0.78	-0.37		0.48	GCEUX
AACCX	0.48	0.62	0.34	0.48		AACCX
	GCEQX	GCBLX	GCINX	GCEUX	AACCX

Click cells to compare fundamentals

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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

GCEUX	+ 1.0	GCEQX
GCBLX	+ 0.78	GCEQX
GCEUX	+ 0.78	GCBLX
AACCX	+ 0.62	GCBLX
AACCX	+ 0.48	GCEQX
AACCX	+ 0.48	GCEUX

High negative correlations

GCEUX	- 0.37	GCINX
GCINX	- 0.37	GCEQX
GCINX	- 0.26	GCBLX

Risk-Adjusted Indicators

There is a big difference between Green Mutual Fund performing well and Green Century 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 Green Century'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
GCEQX	0.90	(0.10)	0.00	(0.18)	0.00	0.00	1.57	(2.03)	4.85
GCBLX	0.61	(0.13)	0.00	(0.26)	0.00	0.00	0.75	(1.23)	7.28
GCINX	0.67	0.06	0.09	0.03	0.93	(0.68)	1.53	(1.44)	4.74
GCEUX	0.90	(0.10)	0.00	(0.18)	0.00	0.00	1.57	(2.01)	4.86
AACCX	0.40	(0.08)	0.00	(0.29)	0.00	0.00	0.57	(0.94)	4.18

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