Value Fund Correlations

UIVAX Fund

USD 20.27 0.15 0.75%

The current 90-days correlation between Value Fund Value and Legg Mason Bw is 0.19 (i.e., Average diversification). The correlation of Value Fund 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.

Value Fund Correlation With Market

Very poor diversification

The correlation between Value Fund Value and DJI is 0.87 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund Value 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 Value Fund Value. 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 Value Mutual Fund

0.99	UICGX	Capital Growth	Pair Corr
0.87	UIEMX	Emerging Markets	Pair Corr
0.98	UIIFX	International Fund	Pair Corr
0.99	UIGIX	Growth Income	Pair Corr
0.79	UIGSX	Government Securities	Pair Corr
0.65	UIINX	Income Fund Income	Pair Corr
1.0	UIISX	Income Stock	Pair Corr
0.87	UIPMX	Precious Metals And	Pair Corr
0.98	UISCX	Small Cap Stock	Pair Corr
0.63	URIFX	Income Fund Income	Pair Corr
0.79	URGSX	Government Securities	Pair Corr
0.78	URNQX	Nasdaq 100 Index	Pair Corr
0.89	URSBX	Short Term Bond	Pair Corr
0.91	URUSX	Ultra Short Term	Pair Corr
0.94	USPRX	Sp 500 Index	Pair Corr
0.95	UTMAX	Target Managed Allocation	Pair Corr
0.9	UUSIX	Ultra Short Term	Pair Corr
0.97	UGOFX	Global Managed Volatility	Pair Corr
0.92	VVIAX	Vanguard Value Index	Pair Corr
0.92	AWSHX	Washington Mutual	Pair Corr
0.92	WSHCX	Washington Mutual	Pair Corr
0.85	WSHFX	Washington Mutual	Pair Corr
0.93	FWWMX	American Funds Washington	Pair Corr
0.93	FWMMX	American Funds Washington	Pair Corr
0.93	DODGX	Dodge Stock Fund	Pair Corr
0.96	AMFFX	American Mutual	Pair Corr
0.96	AMFCX	American Mutual	Pair Corr
0.63	PDI	Pimco Dynamic Income	Pair Corr

Moving against Value Mutual Fund

0.89	UIPIX	Ultrashort Mid Cap	Pair Corr
0.87	TCSUX	Cleartrack 2020 Class	Pair Corr
0.85	TCTGX	Transamerica Cleartrack	Pair Corr
0.84	TCTJX	Transamerica Cleartrack	Pair Corr
0.83	TDKTX	Cleartrack 2015 Class	Pair Corr
0.79	CESGX	Coho Relative Value	Pair Corr
0.68	AMRMX	American Mutual	Pair Corr

Related Correlations Analysis

	VIMAX	GMAWX	SCYVX	ISCAX	AATSX	BOSVX	CWSIX	LBISX
VIMAX		0.9	0.91	0.84	0.96	0.87	0.83	0.82	VIMAX
GMAWX	0.9		0.93	0.89	0.95	0.88	0.86	0.8	GMAWX
SCYVX	0.91	0.93		0.89	0.98	0.98	0.9	0.93	SCYVX
ISCAX	0.84	0.89	0.89		0.89	0.87	0.96	0.8	ISCAX
AATSX	0.96	0.95	0.98	0.89		0.94	0.89	0.88	AATSX
BOSVX	0.87	0.88	0.98	0.87	0.94		0.9	0.95	BOSVX
CWSIX	0.83	0.86	0.9	0.96	0.89	0.9		0.84	CWSIX
LBISX	0.82	0.8	0.93	0.8	0.88	0.95	0.84		LBISX
	VIMAX	GMAWX	SCYVX	ISCAX	AATSX	BOSVX	CWSIX	LBISX

Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Fund 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 Value Fund'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
VIMAX	0.59	(0.02)	(0.03)	0.02	0.77	(0.59)	1.27	(1.50)	3.28
GMAWX	0.76	0.07	0.04	0.27	0.70	(0.90)	2.15	(1.35)	4.09
SCYVX	0.82	0.15	0.16	0.19	0.70	(1.00)	2.27	(1.61)	4.78
ISCAX	0.67	0.17	0.17	6.84	0.51	(0.73)	1.31	(1.26)	7.46
AATSX	0.75	0.05	0.06	0.09	0.79	(0.86)	1.93	(1.38)	4.66
BOSVX	1.00	0.29	0.30	0.34	0.53	(1.24)	2.82	(1.44)	9.89
CWSIX	1.34	0.52	0.53	0.53	0.00	(1.74)	2.79	(1.29)	28.32
LBISX	0.74	0.25	0.41	0.25	0.00	(0.98)	1.33	(1.07)	14.68

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