Fisher Small Correlations

IUSCX Fund

USD 11.76 0.12 1.03%

The current 90-days correlation between Fisher Small Cap and The Hartford Servative is 0.82 (i.e., Very poor diversification). The correlation of Fisher Small 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.

Fisher Small Correlation With Market

Very weak diversification

The correlation between Fisher Small Cap and DJI is 0.57 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fisher Small Cap 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 Fisher Small Cap. 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 main economic indicators.

Moving together with Fisher Mutual Fund

0.79	ILESX	Fisher Investments	Pair Corr
0.93	VSGAX	Vanguard Small Cap	Pair Corr
0.93	VSGIX	Vanguard Small Cap	Pair Corr
0.93	VISGX	Vanguard Small Cap	Pair Corr
0.86	VEXPX	Vanguard Explorer	Pair Corr
0.86	VEXRX	Vanguard Explorer	Pair Corr
0.8	JGMIX	Janus Triton	Pair Corr
0.8	JGMRX	Janus Triton	Pair Corr
0.8	JGMAX	Janus Triton	Pair Corr
0.79	JGMCX	Janus Triton	Pair Corr
0.78	JGMNX	Janus Triton	Pair Corr

Moving against Fisher Mutual Fund

0.67	TMPFX	Tactical Multi Purpose	Pair Corr
0.31	IAFEX	Fisher All Foreign	Pair Corr
0.57	SDGFX	Sdit Short Duration	Pair Corr
0.43	LIFAX	Lord Abbett Inflation	Pair Corr
0.43	NEARX	Near Term Tax	Pair Corr
0.38	GSZAX	Goldman Sachs Strategic	Pair Corr
0.37	RRIGX	T Rowe Price	Pair Corr

Related Correlations Analysis

	HCVAX	DOXGX	RETSX	TRBCX	PBLIX	DFELX	HBAIX	RHSAX
HCVAX		0.88	0.79	0.44	0.9	0.83	0.98	0.56	HCVAX
DOXGX	0.88		0.76	0.32	0.9	0.68	0.87	0.51	DOXGX
RETSX	0.79	0.76		0.71	0.89	0.83	0.79	0.92	RETSX
TRBCX	0.44	0.32	0.71		0.51	0.63	0.54	0.66	TRBCX
PBLIX	0.9	0.9	0.89	0.51		0.75	0.88	0.72	PBLIX
DFELX	0.83	0.68	0.83	0.63	0.75		0.89	0.71	DFELX
HBAIX	0.98	0.87	0.79	0.54	0.88	0.89		0.56	HBAIX
RHSAX	0.56	0.51	0.92	0.66	0.72	0.71	0.56		RHSAX
	HCVAX	DOXGX	RETSX	TRBCX	PBLIX	DFELX	HBAIX	RHSAX

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Risk-Adjusted Indicators

There is a big difference between Fisher Mutual Fund performing well and Fisher Small 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 Fisher Small'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
HCVAX	0.26	0.02	0.09	0.04	0.34	(0.27)	0.53	(0.44)	1.69
DOXGX	0.49	0.02	0.06	0.33	0.74	(0.46)	1.16	(1.04)	3.27
RETSX	0.56	(0.01)	0.00	0.15	0.00	0.00	0.99	(1.10)	3.57
TRBCX	0.86	0.00	0.03	(0.04)	1.13	(0.90)	1.67	(1.89)	5.59
PBLIX	0.49	0.01	0.05	(0.12)	0.73	(0.50)	0.92	(1.24)	3.22
DFELX	0.61	0.00	0.00	(0.04)	0.00	0.00	1.12	(1.53)	3.77
HBAIX	0.37	0.02	0.06	0.03	0.56	(0.35)	0.62	(0.90)	2.53
RHSAX	1.07	(0.06)	0.00	0.30	0.00	0.00	2.02	(3.02)	6.50

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