Plumb Balanced Correlations

PLBBX Fund

USD 40.90 0.16 0.39%

The current 90-days correlation between Plumb Balanced and Plumb Equity Fund is 0.99 (i.e., No risk reduction). The correlation of Plumb Balanced 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.

Plumb Balanced Correlation With Market

Very poor diversification

The correlation between Plumb Balanced Fund and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plumb Balanced 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 Plumb Balanced 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 bureau of labor statistics.

Moving together with Plumb Mutual Fund

0.99	PLBEX	Plumb Equity	Pair Corr
1.0	PLABX	Plumb Balanced	Pair Corr
0.99	PLAEX	Plumb Equity	Pair Corr
1.0	PLIBX	Plumb Balanced	Pair Corr
0.99	PLIEX	Plumb Equity	Pair Corr
0.8	FBONX	American Funds American	Pair Corr
0.85	FBAFX	American Funds American	Pair Corr
0.84	ABALX	American Balanced	Pair Corr
0.79	BALCX	American Balanced	Pair Corr
0.84	BALFX	American Balanced	Pair Corr
0.84	RLBCX	American Balanced	Pair Corr
0.83	RLBBX	American Balanced	Pair Corr
0.84	CLBAX	American Balanced	Pair Corr
0.84	CLBEX	American Balanced	Pair Corr
0.8	RLBFX	American Balanced	Pair Corr
0.91	KSOCX	Kinetics Small Cap Steady Growth	Pair Corr
0.91	KSCYX	Kinetics Small Cap Steady Growth	Pair Corr
0.9	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.9	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.65	LETRX	Voya Russia Fund	Pair Corr
0.88	KINAX	Kinetics Internet	Pair Corr
0.9	KNPAX	Kinetics Paradigm Steady Growth	Pair Corr
0.91	KSCOX	Kinetics Small Cap Steady Growth	Pair Corr
0.9	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.89	KINCX	Kinetics Internet	Pair Corr
0.79	MAWAX	Mfs Aggressive Growth	Pair Corr
0.81	JILGX	Multimanager Lifestyle	Pair Corr
0.76	REBGX	American Funds Global	Pair Corr
0.93	FCNKX	Fidelity Trafund Class	Pair Corr
0.9	VWNEX	Vanguard Windsor	Pair Corr
0.92	CICEX	Investment Of America	Pair Corr
0.92	VFIAX	Vanguard 500 Index	Pair Corr
0.81	CPLIX	Calamos Phineus Longshort	Pair Corr
0.92	VFINX	Vanguard 500 Index	Pair Corr
0.67	AOUIX	Angel Oak Ultrashort	Pair Corr
0.8	FFRDX	Franklin Floating Rate	Pair Corr
0.62	TIHWX	Tiaa-cref High-yield	Pair Corr
0.96	DREQX	Dreyfus Research Growth	Pair Corr
0.67	FLPXX	Meeder Funds	Pair Corr

Moving against Plumb Mutual Fund

0.36

MTGDX

Morgan Stanley Mortgage

Pair Corr

Related Correlations Analysis

	PLBEX	VLAAX	SIBAX	PTIAX	CBLAX
PLBEX		0.78	0.94	-0.73	0.86	PLBEX
VLAAX	0.78		0.78	-0.24	0.88	VLAAX
SIBAX	0.94	0.78		-0.65	0.94	SIBAX
PTIAX	-0.73	-0.24	-0.65		-0.42	PTIAX
CBLAX	0.86	0.88	0.94	-0.42		CBLAX
	PLBEX	VLAAX	SIBAX	PTIAX	CBLAX

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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

SIBAX	+ 0.94	PLBEX
CBLAX	+ 0.94	SIBAX
CBLAX	+ 0.88	VLAAX
CBLAX	+ 0.86	PLBEX
VLAAX	+ 0.78	PLBEX
SIBAX	+ 0.78	VLAAX

High negative correlations

PTIAX	- 0.73	PLBEX
PTIAX	- 0.65	SIBAX
CBLAX	- 0.42	PTIAX
PTIAX	- 0.24	VLAAX

Risk-Adjusted Indicators

There is a big difference between Plumb Mutual Fund performing well and Plumb Balanced 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 Plumb Balanced'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
PLBEX	0.74	(0.05)	(0.04)	0.07	1.04	(0.74)	1.52	(1.96)	4.63
VLAAX	0.43	0.00	(0.12)	0.11	0.42	(0.47)	0.98	(0.77)	2.22
SIBAX	0.41	(0.02)	(0.12)	0.08	0.51	(0.45)	0.92	(1.17)	2.77
PTIAX	0.23	(0.01)	0.00	0.20	0.00	0.00	0.46	(0.55)	1.31
CBLAX	0.34	(0.02)	(0.17)	0.07	0.41	(0.35)	0.75	(0.92)	2.33

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