Money Market Correlations
| MODXX Fund | 1.00 0.00 0.00% |
The correlation of Money Market 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.
Money |
Related Correlations Analysis
| 0.85 | 0.94 | 0.88 | 0.96 | PHDTX | ||
| 0.85 | 0.88 | 0.9 | 0.92 | RHYKX | ||
| 0.94 | 0.88 | 0.94 | 0.98 | ARTFX | ||
| 0.88 | 0.9 | 0.94 | 0.93 | LSYFX | ||
| 0.96 | 0.92 | 0.98 | 0.93 | TIYRX | ||
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Risk-Adjusted Indicators
There is a big difference between Money Money Market Fund performing well and Money Market Money Market 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 Money Market'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PHDTX | 0.11 | 0.01 | (0.08) | 0.23 | 0.06 | 0.22 | 0.79 | |||
| RHYKX | 0.15 | 0.01 | (0.04) | 0.27 | 0.00 | 0.37 | 1.10 | |||
| ARTFX | 0.12 | 0.01 | (0.06) | 1.08 | 0.00 | 0.44 | 1.10 | |||
| LSYFX | 0.14 | 0.02 | (0.03) | 0.27 | 0.00 | 0.52 | 1.43 | |||
| TIYRX | 0.15 | 0.01 | (0.05) | 0.86 | 0.06 | 0.46 | 1.14 |