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.
Fisher |
Moving together with Fisher Mutual Fund
0.79 | ILESX | Fisher Investments | PairCorr |
0.93 | VSGAX | Vanguard Small Cap | PairCorr |
0.93 | VSGIX | Vanguard Small Cap | PairCorr |
0.93 | VISGX | Vanguard Small Cap | PairCorr |
0.86 | VEXPX | Vanguard Explorer | PairCorr |
0.86 | VEXRX | Vanguard Explorer | PairCorr |
0.8 | JGMIX | Janus Triton | PairCorr |
0.8 | JGMRX | Janus Triton | PairCorr |
0.8 | JGMAX | Janus Triton | PairCorr |
0.79 | JGMCX | Janus Triton | PairCorr |
0.78 | JGMNX | Janus Triton | PairCorr |
Moving against Fisher Mutual Fund
0.67 | TMPFX | Tactical Multi Purpose | PairCorr |
0.31 | IAFEX | Fisher All Foreign | PairCorr |
0.57 | SDGFX | Sdit Short Duration | PairCorr |
0.43 | LIFAX | Lord Abbett Inflation | PairCorr |
0.43 | NEARX | Near Term Tax | PairCorr |
0.38 | GSZAX | Goldman Sachs Strategic | PairCorr |
0.37 | RRIGX | T Rowe Price | PairCorr |
Related Correlations Analysis
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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 | 0.53 | 1.69 | |||
DOXGX | 0.49 | 0.02 | 0.06 | 0.33 | 0.74 | 1.16 | 3.27 | |||
RETSX | 0.56 | (0.01) | 0.00 | 0.15 | 0.00 | 0.99 | 3.57 | |||
TRBCX | 0.86 | 0.00 | 0.03 | (0.04) | 1.13 | 1.67 | 5.59 | |||
PBLIX | 0.49 | 0.01 | 0.05 | (0.12) | 0.73 | 0.92 | 3.22 | |||
DFELX | 0.61 | 0.00 | 0.00 | (0.04) | 0.00 | 1.12 | 3.77 | |||
HBAIX | 0.37 | 0.02 | 0.06 | 0.03 | 0.56 | 0.62 | 2.53 | |||
RHSAX | 1.07 | (0.06) | 0.00 | 0.30 | 0.00 | 2.02 | 6.50 |