Vy(r) T Correlations
ITRAX Fund | USD 26.92 0.07 0.26% |
The current 90-days correlation between Vy T Rowe and American Funds American is 0.05 (i.e., Significant diversification). The correlation of Vy(r) T 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(r) T Correlation With Market
Poor diversification
The correlation between Vy T Rowe and DJI is 0.77 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy T Rowe and DJI in the same portfolio, assuming nothing else is changed.
Vy(r) |
Moving together with Vy(r) Mutual Fund
0.71 | GCEAX | Ab Global E | PairCorr |
0.69 | GCECX | Ab Global E | PairCorr |
0.72 | GCEYX | Ab Global E | PairCorr |
0.66 | AMTAX | Ab All Market | PairCorr |
0.68 | AMTZX | Ab All Market | PairCorr |
0.67 | AMTYX | Ab All Market | PairCorr |
0.67 | AMTOX | Ab All Market | PairCorr |
0.71 | SCAVX | Ab Small Cap | PairCorr |
0.7 | SCCVX | Ab Small Cap | PairCorr |
0.83 | SCRSX | Small Cap Core | PairCorr |
0.83 | SCRYX | Small Cap Core | PairCorr |
0.83 | SCRZX | Small Cap Core | PairCorr |
0.71 | SCYVX | Ab Small Cap | PairCorr |
0.96 | APGZX | Ab Large Cap | PairCorr |
0.96 | APGYX | Ab Large Cap | PairCorr |
0.9 | APGAX | Ab Large Cap | PairCorr |
0.96 | APGCX | Ab Large Cap | PairCorr |
Moving against Vy(r) Mutual Fund
0.48 | ANACX | Ab Global Bond | PairCorr |
0.45 | ANAYX | Ab Global Bond | PairCorr |
0.44 | ANAIX | Ab Global Bond | PairCorr |
0.42 | ANAGX | Ab Global Bond | PairCorr |
0.42 | STHAX | Ab Sustainable Thematic | PairCorr |
0.41 | ANAZX | Ab Global Bond | PairCorr |
0.4 | STHYX | Ab Sustainable Thematic | PairCorr |
0.33 | ANYCX | Ab New York | PairCorr |
0.32 | AMNCX | Ab Minnesota Portfolio | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Vy(r) Mutual Fund performing well and Vy(r) T 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(r) T'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
FBONX | 0.38 | 0.03 | (0.13) | 10.36 | 0.47 | 0.91 | 2.22 | |||
FBAFX | 0.38 | 0.00 | (0.13) | 0.00 | 0.47 | 0.88 | 2.19 | |||
ABALX | 0.38 | (0.03) | (0.13) | 0.05 | 0.47 | 0.88 | 2.19 | |||
BALFX | 0.38 | (0.03) | (0.14) | 0.05 | 0.47 | 0.88 | 2.20 | |||
RLBCX | 0.38 | 0.02 | (0.14) | 15.98 | 0.47 | 0.88 | 2.21 | |||
RLBBX | 0.38 | (0.03) | (0.14) | 0.04 | 0.46 | 0.88 | 2.18 | |||
CLBAX | 0.38 | (0.03) | (0.13) | 0.05 | 0.46 | 0.88 | 2.17 | |||
CLBEX | 0.38 | (0.03) | (0.14) | 0.05 | 0.47 | 0.88 | 2.17 | |||
RLBFX | 0.38 | 0.03 | (0.13) | 6.73 | 0.46 | 0.88 | 2.16 |