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 0.12 (i.e., Average 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

Excellent diversification

The correlation between Value Line E and DJI is -0.55 (i.e., Excellent 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 against Value Mutual Fund

0.66	BMBSX	Baird Quality Interm	Pair Corr
0.53	FFBTX	Fidelity Freedom Blend	Pair Corr
0.53	GQLOX	Gmo Quality Fund	Pair Corr
0.53	GHVIX	Gmo High Yield	Pair Corr
0.53	GILCX	Guggenheim Large Cap	Pair Corr
0.51	GAAVX	Gmo Alternative Allo	Pair Corr
0.51	IHOTX	Hartford Interna	Pair Corr
0.49	GCAVX	Gmo Small Cap	Pair Corr
0.49	CFIPX	Qs Global Equity	Pair Corr
0.48	FTYPX	Fidelity Freedom Index	Pair Corr
0.48	TEBRX	Teberg Fund	Pair Corr
0.48	GSSQX	Goldman Sachs Equity	Pair Corr
0.46	GMCQX	Gmo Equity Allocation	Pair Corr
0.46	HWAAX	Hotchkis Wiley Value	Pair Corr
0.46	GLRIX	James Balanced Golden	Pair Corr
0.46	PBLCX	Blue Chip Fund	Pair Corr
0.45	ABNDX	Bond Fund	Pair Corr
0.38	VENAX	Vanguard Energy Index	Pair Corr
0.35	FBOFX	American Funds	Pair Corr
0.33	BFAFX	Bond Fund	Pair Corr
0.31	VTBIX	Vanguard Total Bond	Pair Corr

Related Correlations Analysis

	APPLX	WMKTX	MADFX	IICAX	TREMX	LOGSX	OTPSX	TRARX	PVFAX	FLRYX
APPLX		0.94	0.92	0.76	0.94	0.66	0.51	0.86	0.73	0.87	APPLX
WMKTX	0.94		0.96	0.84	0.98	0.71	0.62	0.94	0.83	0.94	WMKTX
MADFX	0.92	0.96		0.85	0.95	0.73	0.51	0.89	0.83	0.95	MADFX
IICAX	0.76	0.84	0.85		0.83	0.5	0.74	0.91	0.86	0.81	IICAX
TREMX	0.94	0.98	0.95	0.83		0.73	0.59	0.93	0.8	0.92	TREMX
LOGSX	0.66	0.71	0.73	0.5	0.73		0.14	0.65	0.55	0.68	LOGSX
OTPSX	0.51	0.62	0.51	0.74	0.59	0.14		0.75	0.67	0.6	OTPSX
TRARX	0.86	0.94	0.89	0.91	0.93	0.65	0.75		0.89	0.87	TRARX
PVFAX	0.73	0.83	0.83	0.86	0.8	0.55	0.67	0.89		0.8	PVFAX
FLRYX	0.87	0.94	0.95	0.81	0.92	0.68	0.6	0.87	0.8		FLRYX
	APPLX	WMKTX	MADFX	IICAX	TREMX	LOGSX	OTPSX	TRARX	PVFAX	FLRYX

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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	0.70	0.87	1.66	0.00	(1.80)	1.54	(0.87)	21.67
WMKTX	0.43	0.12	0.18	0.31	0.11	(0.53)	0.86	(0.75)	4.70
MADFX	0.67	0.18	0.25	0.33	0.26	(0.87)	1.32	(1.06)	7.62
IICAX	0.53	0.07	0.03	1.07	0.62	(0.57)	1.14	(1.12)	3.26
TREMX	0.96	0.42	0.52	0.65	0.00	(1.35)	2.45	(0.93)	12.41
LOGSX	0.64	0.09	0.10	0.23	0.53	(0.76)	1.42	(1.15)	3.71
OTPSX	0.78	0.00	(0.01)	0.05	1.10	(0.75)	1.80	(2.07)	5.04
TRARX	0.18	0.01	(0.09)	0.11	0.10	(0.23)	0.44	(0.35)	1.12
PVFAX	0.88	(0.03)	(0.01)	0.03	1.15	(0.96)	2.18	(1.86)	6.64
FLRYX	0.67	0.09	0.09	0.16	0.74	(0.69)	1.37	(1.38)	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?

Investing in delisted funds can be risky, as the mutual fund is no longer traded on a public exchange and can therefore be difficult to sell. Delisting typically occurs when a company has failed to meet exchange requirements or has been acquired. Before investing, it's important to thoroughly research the company, including its financial health and prospects for the future, as well as the reasons for its delisting. Additionally, it may be difficult to find accurate and up-to-date information on the company and its stock.

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