Plumb Balanced Correlations

PLIBX Fund

USD 37.56 0.41 1.10%

The current 90-days correlation between Plumb Balanced and Vanguard Inflation Protected Securities is 0.11 (i.e., Average diversification). 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

Significant diversification

The correlation between Plumb Balanced and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plumb Balanced 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. 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

0.85

FBAFX

American Funds American

Pair Corr

Moving against Plumb Mutual Fund

0.85	GQLOX	Gmo Quality Fund	Pair Corr
0.8	RLBCX	American Balanced	Pair Corr
0.8	RLBBX	American Balanced	Pair Corr
0.8	CLBEX	American Balanced	Pair Corr
0.8	RLBFX	American Balanced	Pair Corr
0.78	BALCX	American Balanced	Pair Corr
0.62	GCAVX	Gmo Small Cap	Pair Corr
0.54	GAAVX	Gmo Alternative Allo	Pair Corr
0.33	BALFX	American Balanced	Pair Corr
0.32	ABALX	American Balanced	Pair Corr
0.84	WLTTX	Wilshire International	Pair Corr
0.83	MGQSX	Global Quality Portfolio	Pair Corr
0.77	HDRVX	Janus Henderson Dividend	Pair Corr
0.7	GOISX	Goldman Sachs Growth	Pair Corr
0.67	GMCQX	Gmo Equity Allocation	Pair Corr
0.66	ARWOX	One Choice 2030	Pair Corr
0.6	GHVIX	Gmo High Yield	Pair Corr
0.57	PSDYX	Putnam Short Duration	Pair Corr
0.56	WILTX	Westcore Flexible Income	Pair Corr
0.51	RYATX	Nasdaq 100 Fund	Pair Corr
0.5	GWOAX	Gmo Global Developed	Pair Corr
0.48	SRTMX	Series M Series	Pair Corr
0.44	KTXIX	Kansas Tax	Pair Corr
0.87	LCEVX	Invesco Diversified	Pair Corr
0.81	MNHCX	Pro Blend Maximum	Pair Corr
0.74	MRSHX	Mfs Research Interna	Pair Corr
0.71	RYJUX	Inverse Government Long	Pair Corr
0.62	WGBIX	Wells Fargo Spectrum	Pair Corr
0.57	DVRHX	Mfs Global Alternative	Pair Corr

Related Correlations Analysis

	VIPIX	SWRSX	ABNOX	RYIFX	MFTFX	AMFAX	ABNYX	TIIHX
VIPIX		0.99	0.73	-0.28	-0.08	-0.2	0.73	0.85	VIPIX
SWRSX	0.99		0.71	-0.32	-0.09	-0.21	0.71	0.82	SWRSX
ABNOX	0.73	0.71		0.17	0.31	0.1	0.92	0.82	ABNOX
RYIFX	-0.28	-0.32	0.17		0.57	0.56	0.13	-0.05	RYIFX
MFTFX	-0.08	-0.09	0.31	0.57		0.93	0.25	0.2	MFTFX
AMFAX	-0.2	-0.21	0.1	0.56	0.93		0.03	0.0	AMFAX
ABNYX	0.73	0.71	0.92	0.13	0.25	0.03		0.85	ABNYX
TIIHX	0.85	0.82	0.82	-0.05	0.2	0.0	0.85		TIIHX
	VIPIX	SWRSX	ABNOX	RYIFX	MFTFX	AMFAX	ABNYX	TIIHX

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

SWRSX	+ 0.99	VIPIX
AMFAX	+ 0.93	MFTFX
ABNYX	+ 0.92	ABNOX
TIIHX	+ 0.85	VIPIX
TIIHX	+ 0.85	ABNYX
TIIHX	+ 0.82	SWRSX

High negative correlations

RYIFX	- 0.32	SWRSX
RYIFX	- 0.28	VIPIX
AMFAX	- 0.21	SWRSX
AMFAX	- 0.2	VIPIX
MFTFX	- 0.09	SWRSX
MFTFX	- 0.08	VIPIX

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
VIPIX	0.14	(0.01)	0.00	(3.91)	0.00	0.00	0.32	(0.21)	0.85
SWRSX	0.12	(0.01)	0.00	(1.57)	0.00	0.00	0.29	(0.19)	0.77
ABNOX	0.07	(0.01)	0.00	(2.35)	0.00	0.00	0.10	(0.10)	0.49
RYIFX	0.59	(0.01)	(0.04)	0.06	0.80	(0.59)	1.02	(1.23)	4.43
MFTFX	1.14	0.13	0.05	0.88	1.24	(1.32)	2.62	(2.24)	6.84
AMFAX	0.66	0.03	(0.03)	0.31	0.79	(0.72)	1.22	(1.46)	3.63
ABNYX	0.06	(0.01)	(0.56)	(1.04)	0.09	(0.11)	0.09	(0.09)	0.57
TIIHX	0.10	(0.01)	(0.49)	(0.31)	0.09	(0.16)	0.19	(0.19)	0.65

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