Partners Value Correlations

WPVIX Fund

USD 34.93 0.41 1.19%

The current 90-days correlation between Partners Value and Value Fund Value is 0.96 (i.e., Almost no diversification). The correlation of Partners 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.

Partners Value Correlation With Market

Weak diversification

The correlation between Partners Value Fund and DJI is 0.36 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Partners Value Fund and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Partners 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 gross domestic product.

Moving together with Partners Mutual Fund

0.99	WBALX	Balanced Fund Balanced	Pair Corr
0.97	WBAIX	Weitz Balanced	Pair Corr
1.0	WVAIX	Value Fund Value	Pair Corr
1.0	WVALX	Value Fund Value	Pair Corr
1.0	WPOIX	Partners Iii Opportunity	Pair Corr
0.99	WPOPX	Partners Iii Opportunity	Pair Corr
1.0	WPVLX	Partners Value	Pair Corr
0.66	LIFEX	Domini Sustainable	Pair Corr
0.81	NBMOX	Neuberger Berman Small	Pair Corr
0.62	WSMGX	Small Pany Growth	Pair Corr

Moving against Partners Mutual Fund

0.63	SAFEX	Weitz Ultra Short	Pair Corr
0.52	WEFIX	Short Duration Income	Pair Corr
0.49	WSHNX	Short Duration Income	Pair Corr
0.65	GEIUX	Goldman Sachs Enhanced	Pair Corr
0.47	CSOIX	Credit Suisse Strategic	Pair Corr
0.44	LDLTX	Lord Abbett Short	Pair Corr
0.36	UVPSX	Ultrashort Emerging Downward Rally	Pair Corr
0.36	FBGRX	Fidelity Blue Chip	Pair Corr
0.73	AQMIX	Aqr Managed Futures	Pair Corr
0.71	PNDIX	Pender Real Estate	Pair Corr

Related Correlations Analysis

	WVALX	CFIMX	LLPFX	MVALX	TAVFX
WVALX		0.93	0.91	0.72	0.94	WVALX
CFIMX	0.93		0.88	0.81	0.85	CFIMX
LLPFX	0.91	0.88		0.73	0.87	LLPFX
MVALX	0.72	0.81	0.73		0.54	MVALX
TAVFX	0.94	0.85	0.87	0.54		TAVFX
	WVALX	CFIMX	LLPFX	MVALX	TAVFX

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Risk-Adjusted Indicators

There is a big difference between Partners Mutual Fund performing well and Partners 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 Partners 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
WVALX	0.79	(0.10)	0.00	(0.10)	0.00	0.00	1.35	(1.83)	11.71
CFIMX	0.77	(0.03)	(0.04)	0.03	1.69	(0.73)	1.18	(1.45)	12.43
LLPFX	0.48	(0.06)	0.00	(0.24)	0.00	0.00	0.95	(1.12)	4.37
MVALX	0.80	0.02	(0.04)	0.13	1.08	(0.81)	1.48	(1.54)	7.35
TAVFX	0.72	(0.17)	0.00	(0.27)	0.00	0.00	1.36	(1.60)	7.29

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