Plumb Equity Correlations

Mutual Funds . USA . 
Fund . Plumb Equity
PLIEX Fund  USD 30.98  0.05  0.16%   
The current 90-days correlation between Plumb Equity and Aqr Large Cap is 0.05 (i.e., Significant diversification). The correlation of Plumb Equity 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 Equity Correlation With Market

Very weak diversification

The correlation between Plumb Equity and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plumb Equity 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 Equity. 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 discontinued.

Moving together with Plumb Mutual Fund

  0.71PLBBX Plumb BalancedPairCorr
  1.0PLBEX Plumb EquityPairCorr
  0.66VIGAX Vanguard Growth IndexPairCorr
  0.62GFACX Growth FundPairCorr
  0.64GFAFX Growth FundPairCorr
  0.64FAFGX American FundsPairCorr
  0.64FFAFX American FundsPairCorr
  0.64CGFFX Growth FundPairCorr
  0.61CGFCX Growth FundPairCorr
  0.63CGFAX Growth FundPairCorr
  0.63CGFEX Growth FundPairCorr
  0.64HIIIX Catalystsmh High IncomePairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Plumb Mutual Fund performing well and Plumb Equity 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 Equity'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.

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