Plumb Balanced Correlations

PLIBX Fund

USD 40.87 0.16 0.39%

The current 90-days correlation between Plumb Balanced and Barings Emerging Markets is -0.05 (i.e., Good 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 0.05 (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

0.66	FBONX	American Funds American	Pair Corr
0.66	FBAFX	American Funds American	Pair Corr
0.65	ABALX	American Balanced	Pair Corr
0.65	BALCX	American Balanced	Pair Corr
0.65	BALFX	American Balanced	Pair Corr
0.65	RLBCX	American Balanced	Pair Corr
0.65	RLBBX	American Balanced	Pair Corr
0.65	CLBAX	American Balanced	Pair Corr
0.65	CLBEX	American Balanced	Pair Corr
0.66	RLBFX	American Balanced	Pair Corr
0.79	VTSAX	Vanguard Total Stock	Pair Corr
0.77	VFIAX	Vanguard 500 Index	Pair Corr
0.79	VTSMX	Vanguard Total Stock	Pair Corr
0.79	VSMPX	Vanguard Total Stock	Pair Corr
0.79	VSTSX	Vanguard Total Stock	Pair Corr
0.79	VITSX	Vanguard Total Stock	Pair Corr
0.77	VFINX	Vanguard 500 Index	Pair Corr
0.77	VFFSX	Vanguard 500 Index	Pair Corr
0.75	BAC	Bank of America Aggressive Push	Pair Corr
0.62	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.65	HPQ	HP Inc	Pair Corr
0.76	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.76	JPM	JPMorgan Chase Sell-off Trend	Pair Corr

Moving against Plumb Mutual Fund

0.31	VGTSX	Vanguard Total Inter	Pair Corr
0.66	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.66	KO	Coca Cola Sell-off Trend	Pair Corr
0.6	PFE	Pfizer Inc Aggressive Push	Pair Corr
0.31	VTIAX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	BXECX	EMSLX	REMVX	CMERX	EGLNX	FEMDX
BXECX		0.71	0.73	0.54	-0.18	0.35	BXECX
EMSLX	0.71		0.98	0.4	-0.12	0.43	EMSLX
REMVX	0.73	0.98		0.44	-0.21	0.35	REMVX
CMERX	0.54	0.4	0.44		-0.7	-0.34	CMERX
EGLNX	-0.18	-0.12	-0.21	-0.7		0.75	EGLNX
FEMDX	0.35	0.43	0.35	-0.34	0.75		FEMDX
	BXECX	EMSLX	REMVX	CMERX	EGLNX	FEMDX

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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

REMVX	+ 0.98	EMSLX
FEMDX	+ 0.75	EGLNX
REMVX	+ 0.73	BXECX
EMSLX	+ 0.71	BXECX
CMERX	+ 0.54	BXECX
CMERX	+ 0.44	REMVX

High negative correlations

EGLNX	- 0.7	CMERX
FEMDX	- 0.34	CMERX
EGLNX	- 0.21	REMVX
EGLNX	- 0.18	BXECX
EGLNX	- 0.12	EMSLX

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
BXECX	0.26	(0.02)	(0.36)	(0.03)	0.26	(0.38)	0.65	(0.40)	1.45
EMSLX	0.72	(0.05)	0.00	(0.10)	0.00	0.00	1.76	(1.08)	6.36
REMVX	0.85	(0.08)	0.00	(0.10)	0.00	0.00	1.74	(2.04)	6.85
CMERX	0.63	(0.15)	0.00	(0.15)	0.00	0.00	1.23	(1.33)	3.07
EGLNX	0.69	0.22	0.18	0.64	0.46	(0.84)	1.73	(1.06)	4.48
FEMDX	0.15	0.03	(0.40)	0.58	0.00	(0.21)	0.42	(0.25)	1.08

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