Payson Total Correlations

PBFDX Fund

USD 38.00 0.18 0.47%

The current 90-days correlation between Payson Total Return and Dfa International is 0.73 (i.e., Poor diversification). The correlation of Payson Total 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.

Payson Total Correlation With Market

Almost no diversification

The correlation between Payson Total Return and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Payson Total Return and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Payson Total Return. 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 small area income & poverty estimates.

Moving together with Payson Mutual Fund

0.95	VTSAX	Vanguard Total Stock	Pair Corr
0.94	VFIAX	Vanguard 500 Index	Pair Corr
0.95	VTSMX	Vanguard Total Stock	Pair Corr
0.95	VITSX	Vanguard Total Stock	Pair Corr
0.95	VSMPX	Vanguard Total Stock	Pair Corr
0.95	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VINIX	Vanguard Institutional	Pair Corr
0.94	VIIIX	Vanguard Institutional	Pair Corr
0.89	SMPIX	Semiconductor Ultrasector	Pair Corr
0.87	SMPSX	Semiconductor Ultrasector	Pair Corr
0.84	PMPIX	Precious Metals Ultr Steady Growth	Pair Corr
0.84	PMPSX	Precious Metals Ultr Steady Growth	Pair Corr
0.87	FGADX	Franklin Gold Precious	Pair Corr
0.87	OCMGX	Ocm Mutual Fund	Pair Corr
0.86	INIYX	International Investors Steady Growth	Pair Corr
0.79	FKRCX	Franklin Gold Precious	Pair Corr
0.87	OCMAX	Ocm Mutual Fund	Pair Corr
0.85	EKWCX	Wells Fargo Advantage Steady Growth	Pair Corr
0.9	VSPVX	Vanguard Sp 500	Pair Corr
0.9	NYVRX	Davis New York	Pair Corr
0.91	NOICX	Natixis Oakmark Inte	Pair Corr
0.85	MVCJX	Mfs Mid Cap	Pair Corr
0.79	CFICX	Calvert Income	Pair Corr
0.86	UIVVX	Mfs Intrinsic Value	Pair Corr
0.87	IIXIX	Catalyst Insider Income	Pair Corr
0.86	NTKLX	Voya Multi Manager	Pair Corr
0.93	STBNX	Sierra Tactical Bond	Pair Corr
0.94	TFFYX	Touchstone Focused	Pair Corr
0.95	EVFCX	Evaluator Conservative	Pair Corr
0.9	SOKAX	Saat E Market	Pair Corr
0.65	HLFNX	Hennessy Large Cap	Pair Corr
0.91	TLQIX	Tiaa Cref Lifecycle	Pair Corr
0.82	HFCVX	Hennessy Nerstone Value	Pair Corr
0.85	SABCX	Salient Alternative Beta	Pair Corr
0.67	CBOEX	Intermediate Bond	Pair Corr
0.9	PHSIX	Pimco High Yield	Pair Corr

Related Correlations Analysis

	CAMOX	HFCVX	AUUCX	MITEX	MSSMX	MSSGX	FWRLX	EXBAX	LEAOX	DISMX
CAMOX		0.86	0.89	0.81	-0.55	-0.56	0.5	0.95	0.86	0.9	CAMOX
HFCVX	0.86		0.86	0.82	-0.69	-0.7	0.76	0.8	0.89	0.92	HFCVX
AUUCX	0.89	0.86		0.71	-0.41	-0.42	0.5	0.92	0.76	0.86	AUUCX
MITEX	0.81	0.82	0.71		-0.49	-0.5	0.7	0.76	0.98	0.93	MITEX
MSSMX	-0.55	-0.69	-0.41	-0.49		1.0	-0.51	-0.41	-0.6	-0.54	MSSMX
MSSGX	-0.56	-0.7	-0.42	-0.5	1.0		-0.51	-0.42	-0.61	-0.54	MSSGX
FWRLX	0.5	0.76	0.5	0.7	-0.51	-0.51		0.4	0.73	0.7	FWRLX
EXBAX	0.95	0.8	0.92	0.76	-0.41	-0.42	0.4		0.8	0.88	EXBAX
LEAOX	0.86	0.89	0.76	0.98	-0.6	-0.61	0.73	0.8		0.96	LEAOX
DISMX	0.9	0.92	0.86	0.93	-0.54	-0.54	0.7	0.88	0.96		DISMX
	CAMOX	HFCVX	AUUCX	MITEX	MSSMX	MSSGX	FWRLX	EXBAX	LEAOX	DISMX

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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

MSSGX	+ 1.0	MSSMX
LEAOX	+ 0.98	MITEX
DISMX	+ 0.96	LEAOX
EXBAX	+ 0.95	CAMOX
DISMX	+ 0.93	MITEX
DISMX	+ 0.92	HFCVX

High negative correlations

MSSGX	- 0.7	HFCVX
MSSMX	- 0.69	HFCVX
LEAOX	- 0.61	MSSGX
LEAOX	- 0.6	MSSMX
MSSGX	- 0.56	CAMOX
MSSMX	- 0.55	CAMOX

Risk-Adjusted Indicators

There is a big difference between Payson Mutual Fund performing well and Payson Total 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 Payson Total'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
CAMOX	1.10	0.53	0.84	0.69	0.00	(1.51)	1.56	(0.94)	28.04
HFCVX	0.58	0.23	0.36	0.55	0.00	(0.74)	1.32	(0.89)	6.26
AUUCX	0.61	0.07	0.08	0.14	0.54	(0.70)	1.11	(1.22)	10.07
MITEX	0.80	0.10	0.08	0.20	0.74	(0.90)	1.89	(1.32)	5.36
MSSMX	1.56	(0.41)	0.00	(0.18)	0.00	0.00	2.62	(3.81)	10.47
MSSGX	1.52	(0.40)	0.00	(0.19)	0.00	0.00	2.77	(3.29)	10.57
FWRLX	0.67	0.04	0.03	0.12	0.76	(0.73)	1.31	(1.62)	3.14
EXBAX	0.37	0.06	0.06	0.27	0.16	(0.47)	0.69	(0.65)	4.72
LEAOX	0.66	0.15	0.18	0.36	0.41	(0.85)	1.75	(1.00)	3.77
DISMX	0.63	0.10	0.09	0.21	0.66	(0.69)	1.41	(1.17)	3.57

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