Foreign Value Correlations

VCFVX Fund

USD 10.80 0.03 0.28%

The current 90-days correlation between Foreign Value and Mid Cap Index is 0.4 (i.e., Very weak diversification). The correlation of Foreign Value 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.

Foreign Value Correlation With Market

Weak diversification

The correlation between Foreign Value Fund and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foreign Value Fund 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 Foreign Value Fund. 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 real.

Moving together with Foreign Mutual Fund

0.83	VCBDX	Valic Company I	Pair Corr
0.81	VCGEX	Emerging Economies	Pair Corr
0.85	VCGSX	Government Securities	Pair Corr
0.96	VCIEX	International Equities	Pair Corr
0.89	VCIFX	International Government	Pair Corr
0.66	VCIGX	Valic Company I	Pair Corr
0.93	VCTPX	Inflation Protected	Pair Corr
0.95	VCSOX	Global Social Awareness	Pair Corr
0.68	VGCLX	Valic Company I	Pair Corr
0.86	VGREX	Global Real Estate	Pair Corr
0.93	VIOPX	Valic Company I	Pair Corr
0.93	DOXFX	Dodge Cox International	Pair Corr
0.83	OANIX	Oakmark International	Pair Corr
0.86	DODFX	Dodge International Stock	Pair Corr
0.74	OAKIX	Oakmark International	Pair Corr

Moving against Foreign Mutual Fund

0.42	VCBCX	Blue Chip Growth	Pair Corr
0.4	VAPPX	Valic Company I	Pair Corr
0.4	VCULX	Growth Fund Growth	Pair Corr
0.35	VCNIX	Nasdaq 100 Index	Pair Corr
0.33	VCSTX	Science Technology	Pair Corr
0.33	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.33	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.33	MLPLX	Oppenheimer Steelpath Mlp	Pair Corr

Related Correlations Analysis

	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX
VMIDX		0.92	0.42	0.92	0.76	0.95	0.91	0.9	0.53	0.35	VMIDX
VMSGX	0.92		0.67	0.84	0.89	0.83	0.74	0.85	0.37	0.61	VMSGX
VAPPX	0.42	0.67		0.36	0.88	0.28	0.07	0.48	-0.1	0.99	VAPPX
VSRDX	0.92	0.84	0.36		0.75	0.91	0.91	0.97	0.66	0.3	VSRDX
VSTIX	0.76	0.89	0.88	0.75		0.66	0.5	0.83	0.26	0.85	VSTIX
VSSVX	0.95	0.83	0.28	0.91	0.66		0.94	0.88	0.55	0.22	VSSVX
VBCVX	0.91	0.74	0.07	0.91	0.5	0.94		0.83	0.61	-0.01	VBCVX
VCAAX	0.9	0.85	0.48	0.97	0.83	0.88	0.83		0.68	0.43	VCAAX
VCBDX	0.53	0.37	-0.1	0.66	0.26	0.55	0.61	0.68		-0.12	VCBDX
VCBCX	0.35	0.61	0.99	0.3	0.85	0.22	-0.01	0.43	-0.12		VCBCX
	VMIDX	VMSGX	VAPPX	VSRDX	VSTIX	VSSVX	VBCVX	VCAAX	VCBDX	VCBCX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VCBCX	+ 0.99	VAPPX
VCAAX	+ 0.97	VSRDX
VSSVX	+ 0.95	VMIDX
VBCVX	+ 0.94	VSSVX
VMSGX	+ 0.92	VMIDX
VSRDX	+ 0.92	VMIDX

High negative correlations

VCBCX	- 0.12	VCBDX
VCBDX	- 0.1	VAPPX
VCBCX	- 0.01	VBCVX

Risk-Adjusted Indicators

There is a big difference between Foreign Mutual Fund performing well and Foreign Value 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 Foreign Value'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
VMIDX	0.70	0.02	0.01	0.07	0.96	(0.72)	1.44	(1.19)	8.00
VMSGX	0.81	0.04	0.02	0.09	1.13	(0.78)	1.70	(1.40)	7.16
VAPPX	0.82	0.08	0.05	0.25	1.13	(0.81)	1.50	(1.70)	5.93
VSRDX	0.59	(0.01)	(0.03)	(0.02)	0.89	(0.57)	1.15	(1.39)	5.12
VSTIX	0.58	0.03	0.01	0.10	0.84	(0.57)	1.21	(1.31)	5.49
VSSVX	0.82	0.00	(0.01)	0.01	1.02	(0.86)	1.55	(1.21)	9.72
VBCVX	0.54	(0.01)	(0.04)	(0.02)	0.68	(0.62)	1.18	(0.91)	5.58
VCAAX	0.41	(0.01)	(0.04)	(0.03)	0.61	(0.44)	0.74	(0.89)	3.81
VCBDX	0.25	(0.04)	0.00	(0.37)	0.00	0.00	0.41	(0.61)	1.53
VCBCX	0.80	0.08	0.05	0.26	1.10	(0.80)	1.67	(1.85)	5.85

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC