Capital Securities Correlations

PCSFX Fund

USD 9.46 0.02 0.21%

The current 90-days correlation between Capital Securities and Amg River Road is 0.15 (i.e., Average diversification). The correlation of Capital Securities 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.

Capital Securities Correlation With Market

Average diversification

The correlation between Capital Securities Fund and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capital Securities Fund 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 Capital Securities Fund. 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 census.

Moving together with Capital Mutual Fund

0.79	SABPX	Strategic Asset Mana	Pair Corr
0.8	SACAX	Strategic Asset Mana	Pair Corr
0.8	SAGPX	Strategic Asset Mana	Pair Corr
0.64	SAIPX	Strategic Asset Mana	Pair Corr
0.69	PXASX	Principal Lifetime 2030	Pair Corr
0.79	PFLJX	Principal Lifetime 2050	Pair Corr
0.72	PFPPX	Midcap Growth	Pair Corr
0.67	PFUMX	Finisterre Unconstrained	Pair Corr
0.72	PGBEX	Blue Chip Fund	Pair Corr
0.75	PGBFX	Blue Chip Fund	Pair Corr
0.72	PGBGX	Blue Chip Fund	Pair Corr
0.73	PGBHX	Blue Chip Fund	Pair Corr
0.79	PGLSX	Global Multi Strategy	Pair Corr
0.76	PYASX	Principal Lifetime 2040	Pair Corr
0.7	PGRTX	Smallcap Growth	Pair Corr
0.72	PGWIX	Midcap Growth	Pair Corr
0.78	SCBPX	Strategic Asset Mana	Pair Corr
0.69	PHASX	Midcap Growth	Pair Corr
0.79	SCGPX	Strategic Asset Mana	Pair Corr
0.78	PHJEX	Principal Lifetime Hybrid	Pair Corr

Moving against Capital Mutual Fund

0.34	PFIEX	International Equity	Pair Corr
0.33	PFISX	International Small Pany	Pair Corr
0.31	PGRUX	Global Real Estate	Pair Corr
0.31	PGRKX	Global Real Estate	Pair Corr

Related Correlations Analysis

	ARSMX	RSPMX	PCSVX	QRSAX	HRVIX	CVVRX	LRSOX
ARSMX		0.98	0.97	0.99	0.98	0.88	0.97	ARSMX
RSPMX	0.98		0.96	0.97	0.99	0.86	0.99	RSPMX
PCSVX	0.97	0.96		0.97	0.96	0.86	0.94	PCSVX
QRSAX	0.99	0.97	0.97		0.98	0.87	0.98	QRSAX
HRVIX	0.98	0.99	0.96	0.98		0.85	0.99	HRVIX
CVVRX	0.88	0.86	0.86	0.87	0.85		0.85	CVVRX
LRSOX	0.97	0.99	0.94	0.98	0.99	0.85		LRSOX
	ARSMX	RSPMX	PCSVX	QRSAX	HRVIX	CVVRX	LRSOX

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Risk-Adjusted Indicators

There is a big difference between Capital Mutual Fund performing well and Capital Securities 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 Capital Securities' 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
ARSMX	0.71	0.05	0.08	0.16	0.46	(0.93)	1.77	(0.92)	5.55
RSPMX	0.76	(0.01)	0.02	0.10	0.58	(1.00)	1.71	(1.21)	6.79
PCSVX	0.78	(0.01)	0.03	0.11	0.68	(0.95)	1.83	(1.27)	5.70
QRSAX	0.78	(0.01)	0.02	0.11	0.69	(0.89)	1.87	(1.28)	6.37
HRVIX	0.82	(0.03)	0.02	0.10	0.73	(0.90)	1.63	(1.41)	7.46
CVVRX	0.85	0.10	0.01	0.47	0.77	(1.03)	2.04	(1.42)	6.23
LRSOX	0.90	(0.03)	0.02	0.09	0.85	(1.07)	2.12	(1.46)	7.26

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