Value Fund Correlations

WVAIX Fund

USD 62.58 0.08 0.13%

The current 90-days correlation between Value Fund Value and Dodge Cox Stock is -0.01 (i.e., Good diversification). The correlation of Value Fund 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 Fund Correlation With Market

Very poor diversification

The correlation between Value Fund Value and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund Value 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 Value Fund Value. 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 Value Mutual Fund

0.68	SAFEX	Weitz Ultra Short	Pair Corr
0.87	WBALX	Balanced Fund Balanced	Pair Corr
0.86	WBAIX	Weitz Balanced	Pair Corr
1.0	WVALX	Value Fund Value	Pair Corr
0.94	WPOIX	Partners Iii Opportunity	Pair Corr
0.94	WPOPX	Partners Iii Opportunity	Pair Corr
0.94	WPVLX	Partners Value	Pair Corr
0.94	WPVIX	Partners Value	Pair Corr
0.88	VTSAX	Vanguard Total Stock	Pair Corr
0.8	VFIAX	Vanguard 500 Index	Pair Corr
0.88	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VITSX	Vanguard Total Stock	Pair Corr
0.88	VSMPX	Vanguard Total Stock	Pair Corr
0.88	VSTSX	Vanguard Total Stock	Pair Corr
0.8	VFINX	Vanguard 500 Index	Pair Corr
0.86	VFFSX	Vanguard 500 Index	Pair Corr
0.86	VINIX	Vanguard Institutional	Pair Corr
0.86	VIIIX	Vanguard Institutional	Pair Corr
0.83	LSHUX	Horizon Spin Off Steady Growth	Pair Corr
0.83	LSHEX	Kinetics Spin Off Steady Growth	Pair Corr
0.83	LSHCX	Horizon Spin Off Steady Growth	Pair Corr
0.83	WWNPX	Kinetics Paradigm Steady Growth	Pair Corr
0.83	KNPCX	Kinetics Paradigm Steady Growth	Pair Corr
0.83	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.83	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.83	LSHAX	Horizon Spin Off Steady Growth	Pair Corr
0.83	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.83	KNPYX	Kinetics Paradigm Steady Growth	Pair Corr
0.82	PWTAX	Ubs Allocation	Pair Corr
0.63	THOPX	Thompson Bond	Pair Corr
0.79	TWQZX	Transamerica Large Cap	Pair Corr
0.63	FFALX	Franklin Founding Funds	Pair Corr

Moving against Value Mutual Fund

0.5	WCPBX	Core Plus Income	Pair Corr
0.5	WCPNX	Core Plus Income	Pair Corr

Related Correlations Analysis

	DOXGX	DALVX	LMISX	TFCCX	AMONX	RETSX	TAGRX
DOXGX		0.93	0.94	0.97	0.93	0.93	0.9	DOXGX
DALVX	0.93		0.97	0.89	0.97	0.98	0.96	DALVX
LMISX	0.94	0.97		0.92	1.0	0.99	0.98	LMISX
TFCCX	0.97	0.89	0.92		0.9	0.89	0.88	TFCCX
AMONX	0.93	0.97	1.0	0.9		0.99	0.97	AMONX
RETSX	0.93	0.98	0.99	0.89	0.99		0.98	RETSX
TAGRX	0.9	0.96	0.98	0.88	0.97	0.98		TAGRX
	DOXGX	DALVX	LMISX	TFCCX	AMONX	RETSX	TAGRX

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Risk-Adjusted Indicators

There is a big difference between Value Mutual Fund performing well and Value Fund 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 Fund'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
DOXGX	0.52	0.09	(0.05)	(1.61)	0.45	(0.59)	0.94	(0.93)	4.22
DALVX	0.49	0.00	(0.04)	0.12	0.34	(0.57)	1.08	(0.78)	3.25
LMISX	0.60	0.03	0.02	0.16	0.72	(0.69)	1.28	(1.49)	4.05
TFCCX	0.50	0.11	(0.02)	(5.13)	0.38	(0.58)	0.93	(0.98)	3.59
AMONX	0.68	0.03	0.03	0.15	0.85	(0.72)	1.63	(1.30)	4.55
RETSX	0.52	(0.01)	(0.04)	0.11	0.64	(0.55)	1.04	(1.46)	4.06
TAGRX	0.58	(0.01)	(0.03)	0.11	0.73	(0.58)	0.99	(1.43)	4.03

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