Paradigm Value Correlations

PVFAX Fund

USD 65.57 0.19 0.29%

The current 90-days correlation between Paradigm Value and Vanguard Small Cap Index is 0.13 (i.e., Average diversification). The correlation of Paradigm Value 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.

Paradigm Value Correlation With Market

Very poor diversification

The correlation between Paradigm Value Fund and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Paradigm Value Fund 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 Paradigm Value Fund. 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 nation.

Moving together with Paradigm Mutual Fund

0.93	PFSLX	Paradigm Select	Pair Corr
0.88	PVIVX	Paradigm Micro Cap	Pair Corr
0.85	VSMAX	Vanguard Small Cap	Pair Corr
0.91	VSCIX	Vanguard Small Cap	Pair Corr
0.85	VSCPX	Vanguard Small Cap	Pair Corr
0.91	NAESX	Vanguard Small Cap	Pair Corr
0.95	FSSNX	Fidelity Small Cap	Pair Corr
0.94	DFSTX	Us Small Cap	Pair Corr
0.93	PASVX	T Rowe Price	Pair Corr
0.93	PRVIX	T Rowe Price	Pair Corr
0.92	TRZVX	T Rowe Price	Pair Corr
0.93	PRSVX	T Rowe Price	Pair Corr
0.76	TWQZX	Transamerica Large Cap	Pair Corr
0.63	BGRFX	Baron Growth	Pair Corr
0.63	GUMPX	Guggenheim Market Neutral	Pair Corr
0.88	WIGRX	Wasatch E Growth	Pair Corr
0.61	NUSAX	Nationwide Government	Pair Corr
0.95	HFCGX	Hennessy Nerstone Growth	Pair Corr
0.82	WCPSX	Mobile Telecommunicatio	Pair Corr
0.91	VSEQX	Vanguard Strategic Equity	Pair Corr
0.76	FFALX	Franklin Founding Funds	Pair Corr
0.88	PRWAX	T Rowe Price	Pair Corr
0.96	LMBAX	Qs Small Capitalization	Pair Corr
0.63	AMRCX	American Growth	Pair Corr
0.78	FXAIX	Fidelity 500 Index	Pair Corr
0.8	PWTAX	Ubs Allocation	Pair Corr

Moving against Paradigm Mutual Fund

0.5	GPBFX	Gmo E Plus	Pair Corr
0.32	GAAGX	Gmo Alternative Allo	Pair Corr
0.31	GAAKX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	VSMAX	PASVX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP
VSMAX		0.95	-0.69	0.0	-0.14	0.56	0.62	-0.05	-0.61	0.63	VSMAX
PASVX	0.95		-0.61	0.0	-0.02	0.53	0.61	-0.06	-0.61	0.68	PASVX
444859BR2	-0.69	-0.61		0.0	0.22	-0.53	-0.54	-0.03	0.41	-0.41	444859BR2
AQUI	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	AQUI
BRRAY	-0.14	-0.02	0.22	0.0		-0.45	-0.35	-0.4	-0.04	0.1	BRRAY
MSTSX	0.56	0.53	-0.53	0.0	-0.45		0.67	0.34	-0.02	-0.08	MSTSX
LBHIX	0.62	0.61	-0.54	0.0	-0.35	0.67		0.51	-0.29	0.22	LBHIX
ABHYX	-0.05	-0.06	-0.03	0.0	-0.4	0.34	0.51		-0.05	-0.17	ABHYX
SCAXF	-0.61	-0.61	0.41	0.0	-0.04	-0.02	-0.29	-0.05		-0.8	SCAXF
VIASP	0.63	0.68	-0.41	0.0	0.1	-0.08	0.22	-0.17	-0.8		VIASP
	VSMAX	PASVX	444859BR2	AQUI	BRRAY	MSTSX	LBHIX	ABHYX	SCAXF	VIASP

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PASVX	+ 0.95	VSMAX
VIASP	+ 0.68	PASVX
LBHIX	+ 0.67	MSTSX
VIASP	+ 0.63	VSMAX
LBHIX	+ 0.62	VSMAX
LBHIX	+ 0.61	PASVX

High negative correlations

VIASP	- 0.8	SCAXF
444859BR2	- 0.69	VSMAX
SCAXF	- 0.61	PASVX
444859BR2	- 0.61	PASVX
SCAXF	- 0.61	VSMAX
LBHIX	- 0.54	444859BR2

Risk-Adjusted Indicators

There is a big difference between Paradigm Mutual Fund performing well and Paradigm Value 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 Paradigm Value'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
VSMAX	0.75	0.15	0.05	1.21	0.68	(0.84)	1.62	(1.25)	5.36
PASVX	0.76	(0.02)	0.02	0.11	0.71	(0.81)	1.74	(1.22)	6.47
444859BR2	1.35	(0.09)	0.00	(0.14)	0.00	0.00	5.93	(5.79)	16.62
AQUI	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BRRAY	1.27	(0.13)	0.00	0.01	0.00	0.00	0.00	(2.98)	34.02
MSTSX	0.49	(0.04)	(0.13)	0.06	0.52	(0.61)	1.21	(1.02)	2.80
LBHIX	0.11	0.01	(0.42)	0.38	0.00	(0.29)	0.24	(0.24)	0.96
ABHYX	0.17	0.00	(0.24)	0.19	0.25	(0.24)	0.34	(0.33)	1.91
SCAXF	0.70	(0.41)	0.00	(0.98)	0.00	0.00	0.00	0.00	23.47
VIASP	0.74	0.07	(0.04)	(2.04)	1.13	(0.80)	2.28	(1.20)	7.18

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC