Partners Value Correlations

WPVIX Fund

USD 37.44 0.28 0.75%

The current 90-days correlation between Partners Value and Partners Value Fund is 1.0 (i.e., No risk reduction). 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

Very poor diversification

The correlation between Partners Value Fund and DJI is 0.84 (i.e., Very poor 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

0.82	SAFEX	Weitz Ultra Short	Pair Corr
0.85	WBALX	Balanced Fund Balanced	Pair Corr
0.84	WBAIX	Weitz Balanced	Pair Corr
0.93	WVAIX	Value Fund Value	Pair Corr
0.86	WVALX	Value Fund Value	Pair Corr
0.99	WPOIX	Partners Iii Opportunity	Pair Corr
0.99	WPOPX	Partners Iii Opportunity	Pair Corr
1.0	WPVLX	Partners Value	Pair Corr
0.96	VTSAX	Vanguard Total Stock	Pair Corr
0.91	VFIAX	Vanguard 500 Index	Pair Corr
0.96	VTSMX	Vanguard Total Stock	Pair Corr
0.92	VITSX	Vanguard Total Stock	Pair Corr
0.96	VSMPX	Vanguard Total Stock	Pair Corr
0.96	VSTSX	Vanguard Total Stock	Pair Corr
0.91	VFINX	Vanguard 500 Index	Pair Corr
0.94	VFFSX	Vanguard 500 Index	Pair Corr
0.94	VINIX	Vanguard Institutional	Pair Corr
0.94	VIIIX	Vanguard Institutional	Pair Corr
0.61	WHIAX	Ivy High Income	Pair Corr
0.64	IHIFX	Ivy High Income	Pair Corr
0.64	IVHIX	Ivy High Income	Pair Corr
0.93	FCYIX	Industrials Portfolio	Pair Corr
0.81	VDAFX	Dynamic Allocation	Pair Corr
0.8	FEQIX	Fidelity Equity Income	Pair Corr
0.89	UBVSX	Undiscovered Managers	Pair Corr
0.9	MSVVX	Mesirow Financial Small	Pair Corr
0.93	TIGGX	Goldman Sachs Tax	Pair Corr
0.91	FSLBX	Brokerage And Investment	Pair Corr

Moving against PARTNERS Mutual Fund

0.68	WCPBX	Core Plus Income	Pair Corr
0.68	WCPNX	Core Plus Income	Pair Corr
0.55	LIIAX	Columbia Porate Income	Pair Corr
0.54	SRINX	Columbia Porate Income	Pair Corr
0.54	CIFRX	Columbia Porate Income	Pair Corr

Related Correlations Analysis

	WPVLX	CFIMX	LLPFX	TAVFX	MUHLX
WPVLX		0.91	0.87	-0.53	0.87	WPVLX
CFIMX	0.91		0.86	-0.43	0.94	CFIMX
LLPFX	0.87	0.86		-0.45	0.83	LLPFX
TAVFX	-0.53	-0.43	-0.45		-0.22	TAVFX
MUHLX	0.87	0.94	0.83	-0.22		MUHLX
	WPVLX	CFIMX	LLPFX	TAVFX	MUHLX

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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

MUHLX	+ 0.94	CFIMX
CFIMX	+ 0.91	WPVLX
LLPFX	+ 0.87	WPVLX
MUHLX	+ 0.87	WPVLX
LLPFX	+ 0.86	CFIMX
MUHLX	+ 0.83	LLPFX

High negative correlations

TAVFX	- 0.53	WPVLX
TAVFX	- 0.45	LLPFX
TAVFX	- 0.43	CFIMX
MUHLX	- 0.22	TAVFX

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
WPVLX	0.57	0.01	(0.02)	0.13	0.55	(0.63)	1.07	(1.24)	4.73
CFIMX	0.69	0.13	(0.01)	(0.64)	0.77	(0.71)	1.54	(1.12)	5.22
LLPFX	0.54	0.01	(0.03)	0.14	0.54	(0.62)	1.05	(1.20)	3.15
TAVFX	0.77	(0.10)	0.00	1.57	0.00	0.00	1.64	(1.66)	5.33
MUHLX	0.58	0.06	(0.07)	0.85	0.61	(0.62)	1.49	(1.15)	4.31

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