Origin Emerging Correlations

POEFX Fund

USD 10.20 0.03 0.29%

The current 90-days correlation between Origin Emerging Markets and Jhancock Diversified Macro is 0.68 (i.e., Poor diversification). The correlation of Origin Emerging 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.

Origin Emerging Correlation With Market

Weak diversification

The correlation between Origin Emerging Markets and DJI is 0.38 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Origin Emerging Markets 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 Origin Emerging Markets. 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 census.

Moving together with Origin Mutual Fund

0.63	PXASX	Principal Lifetime 2030	Pair Corr
0.64	PFLJX	Principal Lifetime 2050	Pair Corr
0.68	PGDRX	Diversified Real Asset	Pair Corr
0.61	PYASX	Principal Lifetime 2040	Pair Corr

Related Correlations Analysis

	JDJRX	HUDEX	XHNWX	LIGFX	XWDIX	CFAIX	FPTPX
JDJRX		-0.13	0.17	0.13	0.52	0.71	0.49	JDJRX
HUDEX	-0.13		-0.08	0.83	-0.57	0.05	0.65	HUDEX
XHNWX	0.17	-0.08		0.29	0.51	0.61	0.33	XHNWX
LIGFX	0.13	0.83	0.29		-0.23	0.46	0.85	LIGFX
XWDIX	0.52	-0.57	0.51	-0.23		0.68	0.03	XWDIX
CFAIX	0.71	0.05	0.61	0.46	0.68		0.63	CFAIX
FPTPX	0.49	0.65	0.33	0.85	0.03	0.63		FPTPX
	JDJRX	HUDEX	XHNWX	LIGFX	XWDIX	CFAIX	FPTPX

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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

FPTPX	+ 0.85	LIGFX
LIGFX	+ 0.83	HUDEX
CFAIX	+ 0.71	JDJRX
CFAIX	+ 0.68	XWDIX
FPTPX	+ 0.65	HUDEX
FPTPX	+ 0.63	CFAIX

High negative correlations

XWDIX	- 0.57	HUDEX
XWDIX	- 0.23	LIGFX
HUDEX	- 0.13	JDJRX
XHNWX	- 0.08	HUDEX

Risk-Adjusted Indicators

There is a big difference between Origin Mutual Fund performing well and Origin Emerging 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 Origin Emerging'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
JDJRX	0.44	(0.08)	0.00	(0.09)	0.00	0.00	1.00	(0.89)	2.54
HUDEX	0.68	(0.06)	(0.06)	0.06	0.72	(0.76)	1.58	(1.15)	5.46
XHNWX	0.14	0.00	(0.31)	0.18	0.22	(0.16)	0.31	(0.46)	1.38
LIGFX	0.25	(0.01)	(0.30)	0.07	0.21	(0.29)	0.55	(0.50)	1.23
XWDIX	0.17	(0.02)	0.00	(2.43)	0.00	0.00	0.32	(0.38)	1.39
CFAIX	0.24	(0.02)	(0.36)	0.02	0.26	(0.26)	0.44	(0.49)	1.26
FPTPX	0.25	(0.02)	(0.30)	0.05	0.25	(0.28)	0.52	(0.52)	1.32

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