Value Line Correlations

VAGIXDelisted Fund

USD 13.14 0.00 0.00%

The current 90-days correlation between Value Line E and Nuveen Large Cap is -0.21 (i.e., Very good diversification). The correlation of Value Line 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 Line Correlation With Market

Poor diversification

The correlation between Value Line E and DJI is 0.79 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Line E and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios. 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 gross domestic product.

Moving together with Value Mutual Fund

0.8	VSTSX	Vanguard Total Stock	Pair Corr
0.77	VSMPX	Vanguard Total Stock	Pair Corr
0.77	VITSX	Vanguard Total Stock	Pair Corr
0.77	VFFSX	Vanguard 500 Index	Pair Corr
0.73	VFIAX	Vanguard 500 Index	Pair Corr
0.8	VTSAX	Vanguard Total Stock	Pair Corr
0.69	VTSNX	Vanguard Total Inter	Pair Corr
0.68	VTISX	Vanguard Total Inter	Pair Corr
0.69	VTPSX	Vanguard Total Inter	Pair Corr
0.73	VINIX	Vanguard Institutional	Pair Corr
0.74	CVKFX	Pioneer Disciplined Value	Pair Corr
0.85	PMARX	Pioneer Flexible Opp	Pair Corr
0.69	CSTIX	Calamos Short Term	Pair Corr
0.65	DMYBX	Dreyfus Short Interm	Pair Corr
0.69	GCIIX	Goldman Sachs Intern	Pair Corr
0.7	TARKX	Tarkio Fund Tarkio	Pair Corr
0.79	THOGX	Thornburg Global Opp	Pair Corr
0.76	SMDRX	Hartford Schroders	Pair Corr
0.73	RSEDX	Columbia Diversified	Pair Corr
0.7	RESGX	Responsible Esg Equity	Pair Corr
0.73	SSAKX	State Street Target	Pair Corr
0.75	FTYCX	Fuller Thaler Behavioral	Pair Corr
0.62	ELBIX	Ashmore Emerging Markets	Pair Corr
0.73	LEDCX	Lord Abbett Emerging	Pair Corr
0.79	FAXTX	American Funds 2065	Pair Corr
0.81	QSMRX	Aqr Small Cap	Pair Corr
0.85	TISBX	Tiaa-cref Small-cap	Pair Corr

Related Correlations Analysis

	APPLX	WMKTX	MADFX	IICAX	TREMX	LOGSX	OTPSX	TRARX	PVFAX	FLRYX
APPLX		0.77	0.75	0.74	0.79	0.73	-0.02	0.86	0.73	0.5	APPLX
WMKTX	0.77		0.95	0.87	0.98	0.78	0.42	0.93	0.85	0.9	WMKTX
MADFX	0.75	0.95		0.89	0.96	0.73	0.3	0.91	0.86	0.89	MADFX
IICAX	0.74	0.87	0.89		0.87	0.6	0.42	0.93	0.88	0.76	IICAX
TREMX	0.79	0.98	0.96	0.87		0.78	0.38	0.94	0.83	0.86	TREMX
LOGSX	0.73	0.78	0.73	0.6	0.78		0.21	0.79	0.69	0.66	LOGSX
OTPSX	-0.02	0.42	0.3	0.42	0.38	0.21		0.35	0.4	0.56	OTPSX
TRARX	0.86	0.93	0.91	0.93	0.94	0.79	0.35		0.92	0.78	TRARX
PVFAX	0.73	0.85	0.86	0.88	0.83	0.69	0.4	0.92		0.76	PVFAX
FLRYX	0.5	0.9	0.89	0.76	0.86	0.66	0.56	0.78	0.76		FLRYX
	APPLX	WMKTX	MADFX	IICAX	TREMX	LOGSX	OTPSX	TRARX	PVFAX	FLRYX

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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

TREMX	+ 0.98	WMKTX
TREMX	+ 0.96	MADFX
MADFX	+ 0.95	WMKTX
TRARX	+ 0.94	TREMX
TRARX	+ 0.93	WMKTX
TRARX	+ 0.93	IICAX

High negative correlations

OTPSX

- 0.02

APPLX

Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Line 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 Line'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
APPLX	1.35	0.71	0.82	4.98	0.00	(1.80)	1.54	(0.87)	21.67
WMKTX	0.46	0.13	0.13	0.40	0.19	(0.58)	0.86	(0.76)	5.72
MADFX	0.64	0.19	0.25	0.39	0.14	(0.82)	1.48	(1.14)	7.69
IICAX	0.55	0.11	0.00	(0.49)	0.59	(0.60)	1.14	(1.12)	3.26
TREMX	1.06	0.38	0.37	0.66	0.42	(1.41)	2.45	(1.40)	13.13
LOGSX	0.67	0.01	(0.04)	0.10	0.68	(0.78)	1.42	(1.46)	3.78
OTPSX	0.78	(0.04)	(0.04)	0.05	1.12	(0.75)	1.49	(1.95)	5.04
TRARX	0.18	0.03	(0.14)	0.23	0.00	(0.22)	0.44	(0.34)	1.12
PVFAX	0.90	0.10	0.12	0.17	0.79	(1.03)	2.23	(1.73)	7.84
FLRYX	0.67	0.09	0.08	0.20	0.64	(0.71)	1.37	(1.33)	9.15

Value Line Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Value Line mutual fund to make a market-neutral strategy. Peer analysis of Value Line could also be used in its relative valuation, which is a method of valuing Value Line by comparing valuation metrics with similar companies.

Appleseed Fund Appleseed Wesmark Tactical Opportunity Matrix Advisors Dividend Large Cap Equity T Rowe Price Live Oak Health Nasdaq 100 Profund Nasdaq 100 T Rowe Price Paradigm Value Fund Nuveen Large Cap American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

Risk & Return

Correlation

Still Interested in Value Line E?

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