Cref Money Correlations

QCMMIX Fund

USD 29.68 0.01 0.03%

The current 90-days correlation between Cref Money Market and Government Securities Fund is 0.11 (i.e., Average diversification). The correlation of Cref Money 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 Money Correlation With Market

Good diversification

The correlation between Cref Money Market and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cref Money Market 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 Money Market. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in population.

Moving together with Cref Fund

0.88	VTSAX	Vanguard Total Stock	Pair Corr
0.88	VFIAX	Vanguard 500 Index	Pair Corr
0.88	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VITSX	Vanguard Total Stock	Pair Corr
0.88	VSTSX	Vanguard Total Stock	Pair Corr
0.88	VSMPX	Vanguard Total Stock	Pair Corr
0.88	VFINX	Vanguard 500 Index	Pair Corr
0.88	VFFSX	Vanguard 500 Index	Pair Corr
0.86	BAC	Bank of America Aggressive Push	Pair Corr
0.8	DIS	Walt Disney Aggressive Push	Pair Corr
0.94	CSCO	Cisco Systems	Pair Corr
0.75	HD	Home Depot	Pair Corr
0.75	HPQ	HP Inc	Pair Corr
0.77	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr

Moving against Cref Fund

0.83	KO	Coca Cola Aggressive Push	Pair Corr
0.68	PFHCX	Pacific Funds Small	Pair Corr
0.32	NHS	Neuberger Berman High	Pair Corr
0.93	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.84	BA	Boeing Fiscal Year End 29th of January 2025	Pair Corr
0.74	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr
0.49	PG	Procter Gamble	Pair Corr

Related Correlations Analysis

	UIGSX	AGIVX	BIGLX	RGVJX	ICAXX	SSAGX
UIGSX		-0.05	0.97	1.0	0.0	-0.41	UIGSX
AGIVX	-0.05		-0.08	-0.07	0.0	0.86	AGIVX
BIGLX	0.97	-0.08		0.97	0.0	-0.47	BIGLX
RGVJX	1.0	-0.07	0.97		0.0	-0.44	RGVJX
ICAXX	0.0	0.0	0.0	0.0		0.0	ICAXX
SSAGX	-0.41	0.86	-0.47	-0.44	0.0		SSAGX
	UIGSX	AGIVX	BIGLX	RGVJX	ICAXX	SSAGX

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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

RGVJX	+ 1.0	UIGSX
BIGLX	+ 0.97	UIGSX
RGVJX	+ 0.97	BIGLX
SSAGX	+ 0.86	AGIVX
ICAXX	+ 0.0	UIGSX
ICAXX	+ 0.0	AGIVX

High negative correlations

SSAGX	- 0.47	BIGLX
SSAGX	- 0.44	RGVJX
SSAGX	- 0.41	UIGSX
BIGLX	- 0.08	AGIVX
RGVJX	- 0.07	AGIVX
AGIVX	- 0.05	UIGSX

Risk-Adjusted Indicators

There is a big difference between Cref Fund performing well and Cref Money 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 Money'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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
UIGSX	0.18	(0.04)	0.00	(0.73)	0.00	0.34	(0.45)	1.12
AGIVX	0.09	0.01	(0.57)	(0.45)	(0.20)	0.29	(0.14)	0.72
BIGLX	0.22	(0.04)	0.00	0.72	0.00	0.33	(0.55)	1.44
RGVJX	0.23	(0.05)	0.00	(0.92)	0.00	0.41	(0.51)	1.32
ICAXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SSAGX	0.05	0.01	(0.87)	(0.31)	(0.23)	0.10	(0.10)	0.51

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