Adams Natural Correlations

PEO Fund

USD 23.82 0.07 0.29%

The current 90-days correlation between Adams Natural Resources and Liberty All Star is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adams Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adams Natural Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Adams Natural Correlation With Market

Very weak diversification

The correlation between Adams Natural Resources and DJI is 0.5 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adams Natural Resources 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 Adams Natural Resources. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Adams Fund

0.83	NTG	Tortoise Mlp Closed	Pair Corr
0.84	VTMFX	Vanguard Tax Managed	Pair Corr
0.81	WBCIX	William Blair Small	Pair Corr
0.85	VFINX	Vanguard 500 Index	Pair Corr
0.85	VFIAX	Vanguard 500 Index	Pair Corr
0.87	LTFOX	Lord Abbett Affiliated	Pair Corr
0.81	FBALX	Fidelity Balanced	Pair Corr
0.89	RQECX	Resq Dynamic Allocation	Pair Corr
0.69	GAB	Gabelli Equity Trust	Pair Corr
0.79	SCRYX	Small Cap Core	Pair Corr
0.71	RIV	Rivernorth Opportunities	Pair Corr
0.86	LLPFX	Longleaf Partners	Pair Corr
0.78	PAHHX	T Rowe Price	Pair Corr
0.82	VIGAX	Vanguard Growth Index	Pair Corr
0.65	RCILX	Alternative Credit Income	Pair Corr
0.79	FEMDX	Franklin Emerging Market	Pair Corr
0.86	AGTHX	Growth Fund	Pair Corr
0.85	VTSMX	Vanguard Total Stock	Pair Corr
0.82	SMERX	Invesco Small Cap	Pair Corr

Moving against Adams Fund

0.8

VVR

Invesco Senior Income

Pair Corr

Related Correlations Analysis

	ASG	TY	RVT	CET	ETO	GAM	MYI	VKI	CXH	NRGX
ASG		0.94	0.95	0.95	0.69	0.93	-0.27	0.04	0.08	0.83	ASG
TY	0.94		0.91	0.91	0.73	0.94	-0.1	0.11	0.25	0.78	TY
RVT	0.95	0.91		0.87	0.76	0.93	-0.13	0.08	0.11	0.71	RVT
CET	0.95	0.91	0.87		0.51	0.89	-0.37	0.08	0.07	0.88	CET
ETO	0.69	0.73	0.76	0.51		0.75	0.25	0.13	0.23	0.32	ETO
GAM	0.93	0.94	0.93	0.89	0.75		-0.05	0.17	0.19	0.7	GAM
MYI	-0.27	-0.1	-0.13	-0.37	0.25	-0.05		0.64	0.7	-0.58	MYI
VKI	0.04	0.11	0.08	0.08	0.13	0.17	0.64		0.73	-0.24	VKI
CXH	0.08	0.25	0.11	0.07	0.23	0.19	0.7	0.73		-0.1	CXH
NRGX	0.83	0.78	0.71	0.88	0.32	0.7	-0.58	-0.24	-0.1		NRGX
	ASG	TY	RVT	CET	ETO	GAM	MYI	VKI	CXH	NRGX

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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

RVT	+ 0.95	ASG
CET	+ 0.95	ASG
TY	+ 0.94	ASG
GAM	+ 0.94	TY
GAM	+ 0.93	ASG
GAM	+ 0.93	RVT

High negative correlations

NRGX	- 0.58	MYI
MYI	- 0.37	CET
MYI	- 0.27	ASG
NRGX	- 0.24	VKI
MYI	- 0.13	RVT
NRGX	- 0.1	CXH

Risk-Adjusted Indicators

There is a big difference between Adams Fund performing well and Adams Natural 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 Adams Natural'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
ASG	0.74	0.03	0.02	0.15	0.99	(0.80)	1.72	(1.51)	5.07
TY	0.46	0.03	(0.02)	0.17	0.43	(0.52)	1.07	(0.99)	2.94
RVT	0.90	(0.01)	0.03	0.11	0.93	(1.04)	2.18	(1.59)	8.39
CET	0.51	0.06	0.02	0.21	0.36	(0.61)	0.92	(0.89)	4.17
ETO	0.54	(0.07)	(0.12)	0.01	0.88	(0.47)	0.78	(1.49)	3.50
GAM	0.50	(0.01)	(0.06)	0.10	0.69	(0.54)	1.07	(1.47)	3.51
MYI	0.37	(0.02)	0.00	2.26	0.00	0.00	0.87	(0.94)	2.59
VKI	0.39	0.02	(0.23)	(0.07)	0.42	(0.44)	0.79	(0.66)	2.47
CXH	0.33	0.03	(0.20)	(0.11)	0.42	(0.35)	0.62	(0.74)	2.10
NRGX	1.01	0.22	0.04	(0.56)	1.14	(1.08)	2.23	(2.05)	7.31

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