Cref Money Correlations

QCMMIX Fund

USD 29.89 0.01 0.03%

The current 90-days correlation between Cref Money Market and Delaware Limited Term Diversified is 0.23 (i.e., Modest 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 -0.07 (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

0.89	BXSL	Blackstone Secured	Pair Corr
0.77	ETCEX	Eventide Exponential	Pair Corr
0.76	QSPNX	Aqr Style Premia	Pair Corr
0.69	AMFNX	Asg Managed Futures	Pair Corr
0.86	MSSMX	Small Pany Growth	Pair Corr
0.92	DFCMX	Dfa Calfrna Shrt	Pair Corr
0.92	IIXAX	Catalyst Insider Income	Pair Corr
0.93	AQMIX	Aqr Managed Futures	Pair Corr
0.77	SPNNX	Invesco Steelpath Mlp	Pair Corr
0.99	EMPIX	Ambassador Fund	Pair Corr
0.9	ESDIX	Ashmore Emerging Markets	Pair Corr
0.86	DLINX	Doubleline Flexible	Pair Corr
0.82	BXFAX	Barings Global Floating	Pair Corr
0.66	VLPAX	Virtus Select Mlp	Pair Corr
0.8	WWACX	Westwood Alternative	Pair Corr
1.0	DFGBX	Dfa Five Year	Pair Corr
0.9	APDPX	Artisan Global Uncon	Pair Corr
0.97	DDFCX	Delaware Floating Rate	Pair Corr
0.76	QSPRX	Aqr Style Premia	Pair Corr
0.95	AMFIX	Aama Income Fund	Pair Corr
0.96	ATOIX	Alpine Ultra Short	Pair Corr
0.73	MURSX	Msif Real Estate	Pair Corr
0.84	MCRTX	Morgan Stanley Multi	Pair Corr
0.89	PLFRX	Pacific Funds Floating	Pair Corr
0.66	SMAPX	Salient Mlp Energy	Pair Corr
0.96	LRRVX	Floating Rate	Pair Corr
0.99	DBFRX	Doubleline Floating Rate	Pair Corr
0.72	CBHCX	Victory Cemp Market	Pair Corr

Moving against Cref Fund

0.82	VGTSX	Vanguard Total Inter	Pair Corr
0.82	VTIAX	Vanguard Total Inter	Pair Corr
0.79	NHS	Neuberger Berman High	Pair Corr
0.65	PFHCX	Pacific Funds Small	Pair Corr

Related Correlations Analysis

	DLTZX	XACVX	PGBAX	FARIX	MBLAX	SRDAX	NSIDX
DLTZX		0.51	0.4	-0.01	0.05	0.77	-0.01	DLTZX
XACVX	0.51		0.68	0.56	0.54	0.3	0.64	XACVX
PGBAX	0.4	0.68		0.62	0.65	-0.1	0.58	PGBAX
FARIX	-0.01	0.56	0.62		0.87	-0.43	0.79	FARIX
MBLAX	0.05	0.54	0.65	0.87		-0.45	0.9	MBLAX
SRDAX	0.77	0.3	-0.1	-0.43	-0.45		-0.35	SRDAX
NSIDX	-0.01	0.64	0.58	0.79	0.9	-0.35		NSIDX
	DLTZX	XACVX	PGBAX	FARIX	MBLAX	SRDAX	NSIDX

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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

NSIDX	+ 0.9	MBLAX
MBLAX	+ 0.87	FARIX
NSIDX	+ 0.79	FARIX
SRDAX	+ 0.77	DLTZX
PGBAX	+ 0.68	XACVX
MBLAX	+ 0.65	PGBAX

High negative correlations

SRDAX	- 0.45	MBLAX
SRDAX	- 0.43	FARIX
NSIDX	- 0.35	SRDAX
SRDAX	- 0.1	PGBAX
NSIDX	- 0.01	DLTZX
FARIX	- 0.01	DLTZX

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	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DLTZX	0.08	0.00	0.03	0.05	0.00	(0.20)	0.26	(0.13)	0.64
XACVX	0.65	0.00	0.01	0.05	0.98	(0.66)	1.24	(1.36)	5.43
PGBAX	0.15	(0.01)	0.00	(0.51)	0.00	0.00	0.25	(0.34)	0.93
FARIX	0.28	(0.01)	0.00	(0.15)	0.00	0.00	0.65	(0.53)	2.12
MBLAX	0.23	(0.02)	0.00	(0.12)	0.00	0.00	0.46	(0.31)	1.79
SRDAX	0.15	0.04	0.17	3.33	0.00	(0.21)	0.38	(0.29)	1.05
NSIDX	1.00	(0.05)	0.00	(0.12)	0.00	0.00	1.81	(1.76)	11.20

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