Fundamental Large Correlations

TAGRX Fund

USD 67.15 0.19 0.28%

The current 90-days correlation between Fundamental Large Cap and Guidemark E Fixed is 0.23 (i.e., Modest diversification). The correlation of Fundamental Large 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.

Fundamental Large Correlation With Market

Modest diversification

The correlation between Fundamental Large Cap and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fundamental Large Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Fundamental Large Cap. 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 metropolitan statistical area.

Moving together with Fundamental Mutual Fund

0.84	JABFX	Jhancock Real Estate	Pair Corr
0.97	JSCNX	John Hancock Ii	Pair Corr
0.96	JTKIX	Jhancock Global Thematic	Pair Corr
0.99	JFGAX	Fundamental Global	Pair Corr
0.65	JGIFX	John Hancock Government	Pair Corr
0.84	JYEBX	Jhancock Real Estate	Pair Corr
0.91	JIBCX	Blue Chip Growth	Pair Corr
0.68	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against Fundamental Mutual Fund

0.62	JDJRX	Jhancock Diversified	Pair Corr
0.63	0P0001GXZ7	Oaktree (lux)	Pair Corr
0.31	RFXCX	Rational Special Sit	Pair Corr
0.76	HSGFX	Hussman Strategic Growth	Pair Corr
0.75	SHRMX	Stone Ridge High	Pair Corr
0.52	QNZIX	Aqr Sustainable Long	Pair Corr
0.51	CRDSX	Catholic Responsible	Pair Corr

Related Correlations Analysis

	GMCOX	BXDCX	VFFRX	PRVBX	PIEQX	FITSX	OPTCX
GMCOX		0.24	0.34	0.56	0.61	0.91	0.26	GMCOX
BXDCX	0.24		0.86	0.83	0.76	0.23	0.76	BXDCX
VFFRX	0.34	0.86		0.8	0.62	0.29	0.76	VFFRX
PRVBX	0.56	0.83	0.8		0.89	0.54	0.61	PRVBX
PIEQX	0.61	0.76	0.62	0.89		0.59	0.56	PIEQX
FITSX	0.91	0.23	0.29	0.54	0.59		0.25	FITSX
OPTCX	0.26	0.76	0.76	0.61	0.56	0.25		OPTCX
	GMCOX	BXDCX	VFFRX	PRVBX	PIEQX	FITSX	OPTCX

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Risk-Adjusted Indicators

There is a big difference between Fundamental Mutual Fund performing well and Fundamental Large 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 Fundamental Large'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
GMCOX	0.22	0.01	0.05	(0.28)	0.19	(0.28)	0.61	(0.49)	1.24
BXDCX	0.08	0.01	0.13	(0.30)	0.00	(0.15)	0.22	(0.11)	0.65
VFFRX	0.08	0.01	0.04	(0.16)	0.00	(0.16)	0.15	(0.15)	0.88
PRVBX	0.10	0.00	0.08	(0.23)	0.00	(0.12)	0.25	(0.17)	0.58
PIEQX	0.56	0.09	0.12	(0.73)	0.65	(0.64)	1.16	(0.94)	3.81
FITSX	0.25	0.01	0.05	0.17	0.26	(0.30)	0.57	(0.46)	1.60
OPTCX	0.09	0.01	0.05	(2.14)	0.00	(0.17)	0.21	(0.21)	0.93

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