Value Line Correlations

VALLX Fund

USD 44.15 0.14 0.32%

The current 90-days correlation between Value Line Larger and Disciplined Growth Fund is 0.29 (i.e., Modest 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

Very weak diversification

The correlation between Value Line Larger and DJI is 0.55 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Line Larger 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 Line Larger. 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 board of governors.

For more information on how to buy Value Mutual Fund please use our How to Invest in Value Line guide.

Moving together with Value Mutual Fund

0.86	VALIX	Value Line Income	Pair Corr
0.71	VALSX	Value Line Premier	Pair Corr
0.66	VLAAX	Value Line Asset	Pair Corr
0.63	VLAIX	Value Line Asset	Pair Corr
0.86	VLIIX	Value Line Income	Pair Corr
0.72	VLMIX	Value Line Mid	Pair Corr
0.67	VIGAX	Vanguard Growth Index	Pair Corr
0.72	AGTHX	Growth Fund	Pair Corr
0.71	GFACX	Growth Fund	Pair Corr
0.72	GFAFX	Growth Fund	Pair Corr
0.73	CGFFX	Growth Fund	Pair Corr
0.7	CGFCX	Growth Fund	Pair Corr
0.72	CGFAX	Growth Fund	Pair Corr
0.71	CGFEX	Growth Fund	Pair Corr
0.73	SMPSX	Semiconductor Ultrasector	Pair Corr
0.7	SMPIX	Semiconductor Ultrasector	Pair Corr
0.78	RYVLX	Nasdaq 100 2x	Pair Corr
0.65	FSELX	Fidelity Select Semi	Pair Corr
0.64	MMSCX	Praxis Small Cap	Pair Corr

Moving against Value Mutual Fund

0.33

FFAFX

American Funds

Pair Corr

Related Correlations Analysis

	ADCCX	NMIMX	RPGRX	WOGSX	TOCQX	EWMCX	KIO	RPTFX	MYD	NBB
ADCCX		0.86	0.7	0.2	0.83	0.47	-0.07	0.7	-0.33	-0.65	ADCCX
NMIMX	0.86		0.81	0.41	0.96	0.61	-0.08	0.81	-0.39	-0.57	NMIMX
RPGRX	0.7	0.81		0.5	0.83	0.91	0.07	1.0	-0.21	-0.26	RPGRX
WOGSX	0.2	0.41	0.5		0.35	0.5	-0.08	0.51	-0.47	-0.07	WOGSX
TOCQX	0.83	0.96	0.83	0.35		0.69	0.03	0.84	-0.23	-0.54	TOCQX
EWMCX	0.47	0.61	0.91	0.5	0.69		0.29	0.92	-0.01	-0.03	EWMCX
KIO	-0.07	-0.08	0.07	-0.08	0.03	0.29		0.09	0.48	0.37	KIO
RPTFX	0.7	0.81	1.0	0.51	0.84	0.92	0.09		-0.2	-0.26	RPTFX
MYD	-0.33	-0.39	-0.21	-0.47	-0.23	-0.01	0.48	-0.2		0.49	MYD
NBB	-0.65	-0.57	-0.26	-0.07	-0.54	-0.03	0.37	-0.26	0.49		NBB
	ADCCX	NMIMX	RPGRX	WOGSX	TOCQX	EWMCX	KIO	RPTFX	MYD	NBB

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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

RPTFX	+ 1.0	RPGRX
TOCQX	+ 0.96	NMIMX
RPTFX	+ 0.92	EWMCX
EWMCX	+ 0.91	RPGRX
NMIMX	+ 0.86	ADCCX
RPTFX	+ 0.84	TOCQX

High negative correlations

NBB	- 0.65	ADCCX
NBB	- 0.57	NMIMX
NBB	- 0.54	TOCQX
MYD	- 0.47	WOGSX
MYD	- 0.39	NMIMX
MYD	- 0.33	ADCCX

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
ADCCX	1.20	0.35	0.24	0.83	0.81	(1.37)	1.94	(1.85)	26.79
NMIMX	0.77	0.13	0.15	0.20	0.63	(0.91)	1.52	(1.27)	12.40
RPGRX	0.36	(0.01)	(0.08)	0.07	0.46	(0.37)	0.82	(0.69)	2.01
WOGSX	0.90	(0.08)	(0.04)	0.02	1.77	(0.85)	1.53	(1.50)	9.89
TOCQX	1.04	0.13	0.11	0.20	0.98	(1.16)	1.75	(1.94)	8.99
EWMCX	0.66	(0.05)	(0.05)	0.03	0.94	(0.63)	1.30	(1.36)	3.49
KIO	0.53	(0.11)	0.00	(0.17)	0.00	0.00	0.95	(0.96)	2.89
RPTFX	0.48	(0.01)	(0.04)	0.08	0.60	(0.49)	0.97	(0.96)	2.53
MYD	0.32	(0.02)	0.00	(0.17)	0.00	0.00	0.58	(0.67)	2.19
NBB	0.41	(0.05)	0.00	(0.07)	0.00	0.00	0.75	(0.86)	2.56

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