Plumb Balanced Correlations

PLIBX Fund

USD 37.99 0.19 0.50%

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 and DJI is 0.88 (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 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 various price indices.

Moving together with Plumb Mutual Fund

0.83	ABALX	American Balanced	Pair Corr
0.96	BALCX	American Balanced	Pair Corr
0.83	BALFX	American Balanced	Pair Corr
0.97	FBONX	American Funds American	Pair Corr
0.97	FBAFX	American Funds American	Pair Corr
0.97	RLBCX	American Balanced	Pair Corr
0.97	RLBBX	American Balanced	Pair Corr
0.83	CLBAX	American Balanced	Pair Corr
0.97	CLBEX	American Balanced	Pair Corr
0.97	RLBFX	American Balanced	Pair Corr
0.67	NHS	Neuberger Berman High	Pair Corr
0.96	JTSIX	Jpmorgan Smartretirement	Pair Corr
0.83	DDDRX	Delaware Wealth Builder	Pair Corr
0.85	CMIFX	Calvert Large Cap	Pair Corr
0.78	RAFTX	American Funds 2035	Pair Corr
0.87	RCCTX	American Funds 2020	Pair Corr
0.8	FCUPX	Mainstay Pinestone Equity	Pair Corr
0.97	SRJIX	Jpmorgan Smartretirement	Pair Corr
0.85	HIMDX	Hennessy Nerstone Mid	Pair Corr
0.92	DOMYX	Domini Impact Intern	Pair Corr
0.84	WEAYX	Wells Fargo Spectrum	Pair Corr
0.74	VINIX	Vanguard Institutional	Pair Corr
0.74	BAAPX	Blackrock Aggressive	Pair Corr
0.77	GIPUX	Goldman Sachs Balanced	Pair Corr
0.92	RSIPX	Columbia Disciplined	Pair Corr
0.93	ONAIX	Oppenheimer Aggrssv	Pair Corr
0.85	UMPSX	Ultramid Cap Profund	Pair Corr
0.97	SRJQX	Jpmorgan Smartretirement	Pair Corr
0.78	LAFAX	Columbia Acorn Inter	Pair Corr
0.83	AFMBX	American Balanced	Pair Corr
0.79	CAREX	Cornerstone Advisors Real	Pair Corr
0.75	MWHYX	Metropolitan West High	Pair Corr
0.93	BILPX	Blkrk Lc Cr	Pair Corr
0.94	TRVLX	T Rowe Price	Pair Corr
0.76	VWELX	Vanguard Wellington	Pair Corr

Related Correlations Analysis

	PLBBX	PLBEX	PLABX	PLAEX	PLIBX	PLIEX	MNDVUX	NWWAX	SMGASX
PLBBX		0.97	-0.33	-0.33	0.52	0.97	0.3	0.0	0.0	PLBBX
PLBEX	0.97		-0.4	-0.4	0.48	1.0	0.24	0.0	0.0	PLBEX
PLABX	-0.33	-0.4		0.97	0.15	-0.39	0.4	0.0	0.0	PLABX
PLAEX	-0.33	-0.4	0.97		0.15	-0.4	0.39	0.0	0.0	PLAEX
PLIBX	0.52	0.48	0.15	0.15		0.49	0.87	0.0	0.0	PLIBX
PLIEX	0.97	1.0	-0.39	-0.4	0.49		0.24	0.0	0.0	PLIEX
MNDVUX	0.3	0.24	0.4	0.39	0.87	0.24		0.0	0.0	MNDVUX
NWWAX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	NWWAX
SMGASX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		SMGASX
	PLBBX	PLBEX	PLABX	PLAEX	PLIBX	PLIEX	MNDVUX	NWWAX	SMGASX

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

PLIEX	+ 1.0	PLBEX
PLBEX	+ 0.97	PLBBX
PLIEX	+ 0.97	PLBBX
PLAEX	+ 0.97	PLABX
MNDVUX	+ 0.87	PLIBX
PLIBX	+ 0.52	PLBBX

High negative correlations

PLIEX	- 0.4	PLAEX
PLAEX	- 0.4	PLBEX
PLABX	- 0.4	PLBEX
PLIEX	- 0.39	PLABX
PLAEX	- 0.33	PLBBX
PLABX	- 0.33	PLBBX

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
PLBBX	0.52	(0.03)	(0.05)	(0.01)	0.76	(0.49)	1.09	(1.39)	2.90
PLBEX	0.76	(0.08)	0.00	(0.04)	0.00	0.00	1.71	(2.05)	4.47
PLABX	0.08	0.03	0.00	(2.88)	0.00	0.00	0.40	0.00	1.16
PLAEX	0.12	0.05	0.00	(1.59)	0.00	0.00	0.49	0.00	2.09
PLIBX	0.63	0.13	0.14	0.26	0.52	(0.69)	1.11	(1.40)	10.16
PLIEX	0.76	(0.08)	0.00	(0.04)	0.00	0.00	1.72	(2.03)	4.46
MNDVUX	0.53	0.10	0.10	2.09	0.47	(0.67)	1.38	(0.87)	4.98
NWWAX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SMGASX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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