Cref Core Correlations

Funds . USA . 
Fund . Cref Core Bond
QCBMPX Fund  USD 145.80  0.06  0.04%   
The correlation of Cref Core 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.

Cref Core Correlation With Market

Poor diversification

The correlation between Cref Core Bond and DJI is 0.68 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cref Core Bond 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 Cref Core Bond. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in state.

Moving together with Cref Fund

  0.81VTIAX Vanguard Total InterPairCorr
  0.91VBTLX Vanguard Total BondPairCorr
  0.81NHS Neuberger Berman HighPairCorr
  0.77SWYHX Schwab Target 2045PairCorr
  0.64USCGX Capital GrowthPairCorr
  0.83TVOCX Touchstone Small CapPairCorr
  0.76NWEIX Nationwide DestinationPairCorr
  0.83VIVAX Vanguard Value IndexPairCorr
  0.76PRNEX T Rowe PricePairCorr
  0.81RTISX Select InternationalPairCorr
  0.76PISDX Columbia Pyrford IntPairCorr
  0.77PHDTX Pace High YieldPairCorr
  0.64USPVX Union Street PartnersPairCorr
  0.84RLIAX Invesco Income AllocationPairCorr
  0.66USERX Gold And PreciousPairCorr
  0.62NSRIX Northern Global SustPairCorr
  0.76VSMVX Vanguard Sp SmallPairCorr
  0.71FIJDX Gold Portfolio FidelityPairCorr
  0.72REREX Europacific GrowthPairCorr
  0.87TFEBX Tax Exempt BondPairCorr
  0.91ACCSX Access Capital MunityPairCorr
  0.77PRFDX T Rowe PricePairCorr
  0.71FPURX Fidelity PuritanPairCorr
  0.88FGBCX Fidelity Investment GradePairCorr
  0.62DAGVX Dreyfus Strategic ValuePairCorr
  0.68DNVYX Davis New YorkPairCorr
  0.83NEZNX Loomis Sayles StrategicPairCorr
  0.86FRASX Fidelity Income ReplPairCorr
  0.8FTISX Fidelity InternationalPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Cref Fund performing well and Cref Core 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 Cref Core'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
VTSAX  0.58  0.01 (0.05)(0.40) 0.80 
(0.59)
 1.11 
(1.58)
 3.73 
VFIAX  0.53 (0.01)(0.04) 0.03  0.71 
(0.55)
 0.99 
(1.22)
 3.61 
VTSMX  0.55 (0.01)(0.03) 0.04  0.71 
(0.60)
 1.11 
(1.28)
 3.74 
VSTSX  0.58  0.01 (0.05)(0.41) 0.80 
(0.59)
 1.11 
(1.58)
 3.74 
VITSX  0.55 (0.01)(0.02) 0.04  0.71 
(0.60)
 1.11 
(1.28)
 3.73 
VSMPX  0.55 (0.01)(0.02) 0.04  0.71 
(0.60)
 1.11 
(1.28)
 3.73 
VTIAX  0.58  0.13  0.15  0.25  0.52 
(0.64)
 1.47 
(1.18)
 4.10 
VFINX  0.54 (0.02)(0.04) 0.03  0.73 
(0.54)
 1.06 
(1.22)
 3.61 
VFFSX  0.56  0.01 (0.06)(0.12) 0.80 
(0.54)
 0.99 
(1.54)
 3.61 
VBTLX  0.15  0.01 (0.20) 0.11  0.08 
(0.18)
 0.31 
(0.31)
 0.62 

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