Poplar Forest Correlations

IPFPX Fund

USD 51.60 0.24 0.47%

The current 90-days correlation between Poplar Forest Partners and Poplar Forest Partners is 1.0 (i.e., No risk reduction). The correlation of Poplar Forest 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.

Poplar Forest Correlation With Market

Weak diversification

The correlation between Poplar Forest Partners and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poplar Forest Partners 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 Poplar Forest Partners. 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 american community survey.

Moving together with Poplar Mutual Fund

1.0	PFPFX	Poplar Forest Partners	Pair Corr
0.99	IPFCX	Poplar Forest Nerstone	Pair Corr
0.95	FLPKX	Fidelity Low Priced	Pair Corr
0.87	FLPSX	Fidelity Low Priced	Pair Corr
0.93	VMVAX	Vanguard Mid Cap	Pair Corr
0.8	JVMAX	John Hancock Disciplined	Pair Corr
0.8	JVMIX	John Hancock Disciplined	Pair Corr
0.93	VMVIX	Vanguard Mid Cap	Pair Corr
0.92	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.93	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.92	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.93	JMVYX	Jpmorgan Mid Cap	Pair Corr
0.62	WHIYX	Ivy High Income	Pair Corr
0.62	IVHIX	Ivy High Income	Pair Corr
0.62	IHIFX	Ivy High Income	Pair Corr
0.62	WRHIX	Ivy High Income	Pair Corr
0.61	WHIAX	Ivy High Income	Pair Corr
0.92	CSJZX	Cohen Steers Realty	Pair Corr
0.92	CSRSX	Cohen Steers Realty	Pair Corr
0.65	DURPX	Us High Relative	Pair Corr

Moving against Poplar Mutual Fund

0.69	XDCFX	Dreyfus Alcentra Global	Pair Corr
0.47	PCLPX	Pimco Moditiesplus	Pair Corr
0.78	RYSJX	Strengthening Dollar	Pair Corr
0.47	PCLAX	Pimco Commoditiesplus	Pair Corr
0.31	TWAVX	Short Term Government	Pair Corr

Related Correlations Analysis

	PFPFX	IPFCX	CSRYX	SPVZX	SLVIX
PFPFX		0.99	0.9	0.82	0.91	PFPFX
IPFCX	0.99		0.93	0.87	0.93	IPFCX
CSRYX	0.9	0.93		0.94	1.0	CSRYX
SPVZX	0.82	0.87	0.94		0.94	SPVZX
SLVIX	0.91	0.93	1.0	0.94		SLVIX
	PFPFX	IPFCX	CSRYX	SPVZX	SLVIX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Poplar Mutual Fund performing well and Poplar Forest 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 Poplar Forest'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PFPFX	0.70	(0.07)	(0.12)	1.16	(0.98)	9.30
IPFCX	0.45	(0.03)	(0.08)	0.83	(0.65)	5.45
CSRYX	0.56	(0.02)	(0.03)	1.07	(0.98)	3.33
SPVZX	0.57	(0.03)	(0.05)	1.24	(0.93)	4.76
SLVIX	0.56	(0.02)	(0.03)	1.07	(0.97)	3.34

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC