Vaughan Nelson Correlations

Mutual Funds . USA . 
Fund . Vaughan Nelson Small
NEFJX Fund  USD 20.61  0.23  1.13%   
The current 90-days correlation between Vaughan Nelson Small and Natixis Equity Opportunities is 0.72 (i.e., Poor diversification). The correlation of Vaughan Nelson 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.

Vaughan Nelson Correlation With Market

Poor diversification

The correlation between Vaughan Nelson Small and DJI is 0.67 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vaughan Nelson Small and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Vaughan Nelson Small. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as various price indices.

Moving together with Vaughan Mutual Fund

  0.94VSMAX Vanguard Small CapPairCorr
  0.94VSCIX Vanguard Small CapPairCorr
  0.94VSCPX Vanguard Small CapPairCorr
  0.94NAESX Vanguard Small CapPairCorr
  0.94FSSNX Fidelity Small CapPairCorr
  0.97DFSTX Us Small CapPairCorr
  0.84PASVX T Rowe PricePairCorr
  0.85PRVIX T Rowe PricePairCorr
  0.85TRZVX T Rowe PricePairCorr
  0.85PRSVX T Rowe PricePairCorr
  0.73NXJ Nuveen New JerseyPairCorr
  0.82PCF Putnam High IncomePairCorr
  0.65XNBHX Neuberger Berman IntPairCorr
  0.75AA Alcoa CorpPairCorr
  0.77XOM Exxon Mobil Corp Earnings Call TodayPairCorr
  0.75TRV The Travelers CompaniesPairCorr
  0.65HPQ HP IncPairCorr

Moving against Vaughan Mutual Fund

  0.63BA BoeingPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
NEFOX
+ 0.89
NEFSX
LGRRX
+ 0.87
NEFSX
LGRRX
+ 0.71
NEFOX
LGRRX
+ 0.15
NEFLX
NEJYX
+ 0.0
NEFSX
NEJYX
+ 0.0
NEFOX
  
High negative correlations   
NEFLX
- 0.27
NEFOX
NEFLX
- 0.07
NEFSX
LGRRX
- 0.0
NEJYX
NEJYX
- 0.0
NEFLX
NEJYX
- 0.0
NEFOX
NEJYX
- 0.0
NEFSX

Risk-Adjusted Indicators

There is a big difference between Vaughan Mutual Fund performing well and Vaughan Nelson 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 Vaughan Nelson'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.

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