Boulder Growth Correlations

XBIFX Fund

USD 16.67 0.13 0.79%

The current 90-days correlation between Boulder Growth Income and Blackrock Moderate Prepared is 0.25 (i.e., Modest diversification). The correlation of Boulder Growth 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.

Boulder Growth Correlation With Market

Good diversification

The correlation between Boulder Growth Income and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Boulder Growth Income 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 Boulder Growth Income. 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 census.

Moving together with Boulder Mutual Fund

0.86	VTSAX	Vanguard Total Stock	Pair Corr
0.86	VFIAX	Vanguard 500 Index	Pair Corr
0.86	VTSMX	Vanguard Total Stock	Pair Corr
0.88	VITSX	Vanguard Total Stock	Pair Corr
0.86	VSTSX	Vanguard Total Stock	Pair Corr
0.86	VSMPX	Vanguard Total Stock	Pair Corr
0.86	VFINX	Vanguard 500 Index	Pair Corr
0.85	VFFSX	Vanguard 500 Index	Pair Corr
0.64	XNKGX	Nuveen Georgia Quality	Pair Corr
0.91	XPPRX	Voya Prime Rate	Pair Corr
0.83	PCF	Putnam High Income	Pair Corr
0.72	FSUTX	Utilities Portfolio	Pair Corr
0.86	FGB	First Trust Specialty	Pair Corr
0.61	RGGEX	American Funds Global	Pair Corr
0.65	ACP	Aberdeen Income Credit	Pair Corr
0.77	GVCAX	Gabelli Value	Pair Corr
0.8	ELFNX	Elfun Trusts Elfun	Pair Corr
0.9	CLM	Cornerstone Strategic	Pair Corr
0.85	FGRIX	Fidelity Growth Income	Pair Corr
0.7	HIX	Western Asset High	Pair Corr
0.88	FZROX	Fidelity Zero Total	Pair Corr
0.91	AMGOX	Alger Mid Cap	Pair Corr
0.81	FIVUX	First Investors Oppo	Pair Corr

Moving against Boulder Mutual Fund

0.51	VGTSX	Vanguard Total Inter	Pair Corr
0.51	VTIAX	Vanguard Total Inter	Pair Corr
0.34	NXJ	Nuveen New Jersey	Pair Corr

Related Correlations Analysis

	BIMPX	WBRMEX	JTSQX	TWSMX	TDIFX	SIRZX	SMOAX	QCEQRX
BIMPX		0.57	0.79	0.84	0.86	0.86	0.85	0.59	BIMPX
WBRMEX	0.57		0.82	0.89	0.42	0.42	0.2	0.98	WBRMEX
JTSQX	0.79	0.82		0.94	0.6	0.52	0.54	0.86	JTSQX
TWSMX	0.84	0.89	0.94		0.66	0.68	0.56	0.9	TWSMX
TDIFX	0.86	0.42	0.6	0.66		0.82	0.9	0.41	TDIFX
SIRZX	0.86	0.42	0.52	0.68	0.82		0.83	0.38	SIRZX
SMOAX	0.85	0.2	0.54	0.56	0.9	0.83		0.19	SMOAX
QCEQRX	0.59	0.98	0.86	0.9	0.41	0.38	0.19		QCEQRX
	BIMPX	WBRMEX	JTSQX	TWSMX	TDIFX	SIRZX	SMOAX	QCEQRX

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Risk-Adjusted Indicators

There is a big difference between Boulder Mutual Fund performing well and Boulder Growth 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 Boulder Growth'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
BIMPX	0.27	0.03	(0.21)	0.61	0.13	(0.38)	0.75	(0.53)	1.58
WBRMEX	0.65	0.05	0.09	0.15	0.34	(0.72)	1.68	(1.00)	5.20
JTSQX	0.44	0.10	(0.02)	2.03	0.34	(0.50)	1.12	(0.88)	3.11
TWSMX	0.33	0.07	(0.07)	0.91	0.21	(0.41)	0.74	(0.59)	1.95
TDIFX	0.15	(0.01)	(0.46)	0.08	0.09	(0.19)	0.35	(0.26)	0.95
SIRZX	0.20	0.01	(0.36)	0.26	0.18	(0.24)	0.43	(0.47)	1.22
SMOAX	0.19	0.01	(0.36)	0.40	0.13	(0.23)	0.34	(0.42)	1.10
QCEQRX	0.50	0.06	0.07	0.19	0.40	(0.57)	1.02	(0.93)	4.11

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