Payson Total Correlations

PBFDX Fund

USD 38.63 0.27 0.70%

The current 90-days correlation between Payson Total Return and Dfa International is 0.71 (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

Poor diversification

The correlation between Payson Total Return and DJI is 0.68 (i.e., Poor 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 various price indices.

Moving together with Payson Mutual Fund

0.63	VTSAX	Vanguard Total Stock	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.74	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VITSX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.63	VSTSX	Vanguard Total Stock	Pair Corr
0.94	VFINX	Vanguard 500 Index	Pair Corr
0.7	VINIX	Vanguard Institutional	Pair Corr
0.94	VIIIX	Vanguard Institutional	Pair Corr
0.82	KF	Korea Closed	Pair Corr
0.76	EKWAX	Wells Fargo Advantage Steady Growth	Pair Corr
0.76	FSAGX	Gold Portfolio Gold Steady Growth	Pair Corr
0.71	FKRCX	Franklin Gold Precious Steady Growth	Pair Corr
0.76	USAGX	Precious Metals And Steady Growth	Pair Corr
0.78	OPGSX	Oppenheimer Gold Spec Steady Growth	Pair Corr
0.75	GOLDX	Gabelli Gold Steady Growth	Pair Corr
0.78	SGGDX	First Eagle Gold	Pair Corr
0.67	UNWPX	World Precious Minerals	Pair Corr
0.82	RWICX	Capital World Growth	Pair Corr
0.85	AOFAX	Alger Small Cap	Pair Corr
0.86	TRRVX	T Rowe Price	Pair Corr
0.84	PATRX	Pimco All Asset	Pair Corr
0.97	FFOLX	Fidelity Freedom Index	Pair Corr
0.83	PAUPX	Pimco All Asset	Pair Corr
0.83	PAUIX	Pimco All Asset	Pair Corr
0.68	AA	Alcoa Corp	Pair Corr
0.77	BA	Boeing Earnings Call This Week	Pair Corr
0.63	DIS	Walt Disney	Pair Corr

Moving against Payson Mutual Fund

0.45	T	ATT Inc Earnings Call This Week	Pair Corr
0.31	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	CAMOX	HFCVX	AUUCX	MITEX	MSSMX	MSSGX	FWRLX	EXBAX	LEAOX	DISMX
CAMOX		0.68	0.76	0.33	-0.36	-0.48	-0.07	0.97	0.54	0.61	CAMOX
HFCVX	0.68		0.92	0.29	-0.51	-0.26	0.04	0.7	0.69	0.85	HFCVX
AUUCX	0.76	0.92		0.4	-0.37	-0.2	0.11	0.79	0.72	0.87	AUUCX
MITEX	0.33	0.29	0.4		0.35	0.49	0.44	0.32	0.86	0.7	MITEX
MSSMX	-0.36	-0.51	-0.37	0.35		0.76	0.66	-0.33	-0.1	-0.17	MSSMX
MSSGX	-0.48	-0.26	-0.2	0.49	0.76		0.66	-0.46	0.17	0.11	MSSGX
FWRLX	-0.07	0.04	0.11	0.44	0.66	0.66		-0.02	0.2	0.27	FWRLX
EXBAX	0.97	0.7	0.79	0.32	-0.33	-0.46	-0.02		0.53	0.63	EXBAX
LEAOX	0.54	0.69	0.72	0.86	-0.1	0.17	0.2	0.53		0.92	LEAOX
DISMX	0.61	0.85	0.87	0.7	-0.17	0.11	0.27	0.63	0.92		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

EXBAX	+ 0.97	CAMOX
AUUCX	+ 0.92	HFCVX
DISMX	+ 0.92	LEAOX
DISMX	+ 0.87	AUUCX
LEAOX	+ 0.86	MITEX
DISMX	+ 0.85	HFCVX

High negative correlations

MSSMX	- 0.51	HFCVX
MSSGX	- 0.48	CAMOX
EXBAX	- 0.46	MSSGX
MSSMX	- 0.37	AUUCX
MSSMX	- 0.36	CAMOX
EXBAX	- 0.33	MSSMX

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	1.08	0.47	0.70	0.62	0.00	(1.44)	1.56	(0.94)	28.04
HFCVX	0.54	0.14	0.16	0.41	0.11	(0.68)	1.24	(0.74)	6.17
AUUCX	0.62	0.06	0.06	0.15	0.54	(0.70)	1.11	(1.00)	10.07
MITEX	0.81	0.00	(0.03)	0.09	0.90	(0.90)	1.82	(1.32)	4.69
MSSMX	1.49	(0.34)	0.00	(0.15)	0.00	0.00	2.46	(3.81)	8.23
MSSGX	1.51	(0.28)	0.00	(0.10)	0.00	0.00	2.84	(3.02)	8.24
FWRLX	0.68	(0.09)	(0.10)	(0.01)	0.92	(0.65)	1.12	(1.59)	3.65
EXBAX	0.36	0.07	0.03	0.31	0.00	(0.47)	0.69	(0.51)	4.72
LEAOX	0.61	0.11	0.11	0.30	0.32	(0.80)	1.71	(0.97)	2.97
DISMX	0.58	0.03	0.00	0.14	0.62	(0.61)	1.18	(1.09)	2.55

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