Neiman Large Correlations

NEIMX Fund

USD 40.33 0.10 0.25%

The current 90-days correlation between Neiman Large Cap and Cornerstone Advisors Real is 0.84 (i.e., Very poor diversification). The correlation of Neiman Large 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.

Neiman Large Correlation With Market

Very poor diversification

The correlation between Neiman Large Cap and DJI is 0.89 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Neiman Large Cap 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 Neiman Large 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 state.

Moving together with Neiman Mutual Fund

0.98	NEAMX	Neiman Large Cap	Pair Corr
0.97	VVIAX	Vanguard Value Index	Pair Corr
0.87	AWSHX	Washington Mutual	Pair Corr
0.86	WSHCX	Washington Mutual	Pair Corr
0.9	WSHFX	Washington Mutual	Pair Corr
0.87	FWWMX	American Funds Washington	Pair Corr
0.87	FWMMX	American Funds Washington	Pair Corr
0.88	DODGX	Dodge Stock Fund	Pair Corr
0.85	AMFFX	American Mutual	Pair Corr
0.85	AMFCX	American Mutual	Pair Corr
0.88	FSMMX	Fs Multi Strategy	Pair Corr
0.95	BTMPX	Ishares Msci Eafe	Pair Corr
0.97	BTMKX	Blackrock International	Pair Corr
0.97	MDIIX	Blackrock Intern Index	Pair Corr
0.92	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.92	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.69	RPFGX	Davis Financial	Pair Corr
0.96	FTGOX	Salient Tactical Growth	Pair Corr
0.95	FARVX	Fidelity Income Repl	Pair Corr
0.65	LPERX	Alpsred Rocks Listed	Pair Corr
0.93	PDI	Pimco Dynamic Income	Pair Corr
0.88	ASMDX	Strategic Allocation:	Pair Corr
0.65	INIIX	International Investors Steady Growth	Pair Corr
0.93	PONAX	Pimco Income	Pair Corr
0.95	FRQAX	Fidelity Income Repl	Pair Corr
0.87	MGRAX	Mfs International Growth	Pair Corr
0.69	SSGLX	State Street Global	Pair Corr
0.95	ACEFX	Absolute Cef Opportu	Pair Corr
0.97	FUSIX	Strategic Advisers	Pair Corr
0.96	MXJUX	Great West Moderately	Pair Corr
0.63	MCVSX	Victory Integrity Small	Pair Corr
0.94	NMFIX	Multi Manager Global	Pair Corr
0.89	JAKSX	Jpmorgan Smartretirement	Pair Corr
0.93	TROCX	Touchstone Sustainability	Pair Corr
0.98	SGOIX	First Eagle Overseas	Pair Corr
0.96	VEURX	Vanguard European Stock	Pair Corr

Moving against Neiman Mutual Fund

0.31

AMRMX

American Mutual

Pair Corr

Related Correlations Analysis

	TSWEX	FLCGX	QNTAX	QNTIX	HMXAX	HMXIX	RYIIX	ACWDX	PORYX	CAREX
TSWEX		0.96	0.96	0.96	0.8	0.82	-0.27	0.95	0.91	0.78	TSWEX
FLCGX	0.96		1.0	1.0	0.87	0.9	-0.07	0.94	0.91	0.82	FLCGX
QNTAX	0.96	1.0		1.0	0.87	0.9	-0.07	0.94	0.92	0.82	QNTAX
QNTIX	0.96	1.0	1.0		0.87	0.9	-0.07	0.94	0.92	0.82	QNTIX
HMXAX	0.8	0.87	0.87	0.87		0.91	0.14	0.84	0.86	0.72	HMXAX
HMXIX	0.82	0.9	0.9	0.9	0.91		0.18	0.89	0.89	0.81	HMXIX
RYIIX	-0.27	-0.07	-0.07	-0.07	0.14	0.18		-0.18	-0.17	-0.16	RYIIX
ACWDX	0.95	0.94	0.94	0.94	0.84	0.89	-0.18		0.96	0.83	ACWDX
PORYX	0.91	0.91	0.92	0.92	0.86	0.89	-0.17	0.96		0.83	PORYX
CAREX	0.78	0.82	0.82	0.82	0.72	0.81	-0.16	0.83	0.83		CAREX
	TSWEX	FLCGX	QNTAX	QNTIX	HMXAX	HMXIX	RYIIX	ACWDX	PORYX	CAREX

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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

QNTAX	+ 1.0	FLCGX
QNTIX	+ 1.0	FLCGX
QNTIX	+ 1.0	QNTAX
FLCGX	+ 0.96	TSWEX
QNTAX	+ 0.96	TSWEX
QNTIX	+ 0.96	TSWEX

High negative correlations

RYIIX	- 0.27	TSWEX
ACWDX	- 0.18	RYIIX
PORYX	- 0.17	RYIIX
CAREX	- 0.16	RYIIX
RYIIX	- 0.07	QNTIX
RYIIX	- 0.07	QNTAX

Risk-Adjusted Indicators

There is a big difference between Neiman Mutual Fund performing well and Neiman Large 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 Neiman Large'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
TSWEX	0.81	0.41	0.56	1.23	0.00	(1.06)	1.33	(0.74)	18.58
FLCGX	0.70	0.08	0.09	0.19	0.62	(0.82)	1.58	(1.31)	10.40
QNTAX	0.70	0.08	0.08	0.19	0.60	(0.84)	1.56	(1.29)	10.26
QNTIX	0.70	0.08	0.08	0.19	0.60	(0.80)	1.56	(1.30)	10.29
HMXAX	0.61	0.01	(0.08)	(0.10)	0.93	(0.55)	1.19	(1.62)	5.09
HMXIX	0.58	(0.02)	(0.05)	0.06	0.84	(0.56)	1.20	(1.39)	4.96
RYIIX	0.87	(0.22)	0.00	(0.16)	0.00	0.00	1.66	(2.26)	5.86
ACWDX	1.04	0.25	0.23	0.40	0.65	(1.28)	1.70	(1.55)	12.89
PORYX	0.63	0.17	0.24	0.32	0.11	(0.83)	1.27	(1.11)	11.60
CAREX	0.73	0.06	0.04	0.16	0.73	(0.82)	1.42	(1.46)	3.42

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