Vy Franklin Correlations
| IIFTX Fund | USD 10.12 0.05 0.49% |
The current 90-days correlation between Vy Franklin Income and Alphacentric Symmetry Strategy is 0.23 (i.e., Modest diversification). The correlation of Vy Franklin 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.
Vy Franklin Correlation With Market
Modest diversification
The correlation between Vy Franklin Income and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Franklin Income and DJI in the same portfolio, assuming nothing else is changed.
IIFTX |
Moving together with IIFTX Mutual Fund
| 0.72 | IPARX | Voya Global Perspectives | PairCorr |
| 0.84 | IPIMX | Voya High Yield | PairCorr |
| 0.69 | VRRJX | Voya Target Retirement | PairCorr |
| 0.72 | IPYSX | Voya High Yield | PairCorr |
| 0.9 | IAXAX | Vy T Rowe | PairCorr |
| 0.82 | VVICX | Voya Vacs Index | PairCorr |
| 0.78 | IDXPX | Voya Index Solution | PairCorr |
| 0.77 | VYRDX | Vy Columbia Small | PairCorr |
| 0.86 | VYRPX | Voya Solution Conser | PairCorr |
| 0.7 | IXXVX | Voya Index Solution | PairCorr |
| 0.88 | FXAIX | Fidelity 500 Index | PairCorr |
| 0.89 | FZROX | Fidelity Zero Total | PairCorr |
Moving against IIFTX Mutual Fund
| 0.51 | VVIEX | Voya Vacs Index | PairCorr |
| 0.7 | PFE | Pfizer Inc Aggressive Push | PairCorr |
| 0.62 | KF | Korea Closed | PairCorr |
| 0.58 | JNJ | Johnson Johnson Fiscal Year End 28th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.7 | 0.69 | -0.43 | 0.79 | 0.76 | SYMAX | ||
| 0.7 | 0.86 | -0.18 | 0.74 | 0.69 | ARTYX | ||
| 0.69 | 0.86 | -0.23 | 0.71 | 0.74 | RYCCX | ||
| -0.43 | -0.18 | -0.23 | -0.67 | -0.11 | JEMQX | ||
| 0.79 | 0.74 | 0.71 | -0.67 | 0.65 | EGLNX | ||
| 0.76 | 0.69 | 0.74 | -0.11 | 0.65 | RYCVX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between IIFTX Mutual Fund performing well and Vy Franklin 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 Vy Franklin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SYMAX | 0.47 | (0.02) | 0.00 | (0.22) | 0.00 | 0.97 | 2.78 | |||
| ARTYX | 0.71 | 0.02 | 0.00 | 0.59 | 1.07 | 1.37 | 4.86 | |||
| RYCCX | 1.73 | 0.12 | 0.04 | 0.50 | 2.76 | 3.08 | 13.87 | |||
| JEMQX | 0.63 | (0.09) | 0.00 | (0.42) | 0.00 | 1.29 | 3.76 | |||
| EGLNX | 0.83 | 0.17 | 0.13 | 0.55 | 1.03 | 1.86 | 5.83 | |||
| RYCVX | 1.21 | (0.03) | 0.00 | (0.15) | 0.00 | 2.03 | 12.35 |