Adams Diversified Correlations

ADX Fund

USD 20.37 0.15 0.73%

The current 90-days correlation between Adams Diversified Equity and Tri Continental Closed is 0.83 (i.e., Very poor diversification). The correlation of Adams Diversified 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.

Adams Diversified Correlation With Market

Poor diversification

The correlation between Adams Diversified Equity and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adams Diversified Equity and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Adams Diversified Equity. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with Adams Fund

0.91	NTG	Tortoise Mlp Closed	Pair Corr
0.98	AMEIX	Equity Growth	Pair Corr
0.85	GAPIX	Goldman Sachs Equity	Pair Corr
0.94	AMGIX	Income Growth	Pair Corr
0.97	MLMAX	Global E Portfolio	Pair Corr
0.94	SAGAX	Ridgeworth Innovative	Pair Corr
0.9	BAC	Bank of America Aggressive Push	Pair Corr
0.72	HD	Home Depot Sell-off Trend	Pair Corr
0.81	DIS	Walt Disney Aggressive Push	Pair Corr
0.93	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.85	JPM	JPMorgan Chase Sell-off Trend	Pair Corr
0.77	CAT	Caterpillar Fiscal Year End 3rd of February 2025	Pair Corr
0.62	XOM	Exxon Mobil Corp Sell-off Trend	Pair Corr
0.95	CSCO	Cisco Systems Aggressive Push	Pair Corr
0.87	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.9	CVX	Chevron Corp Sell-off Trend	Pair Corr

Moving against Adams Fund

0.7	VVR	Invesco Senior Income	Pair Corr
0.4	FAX	Aberdeen Asia Pacific	Pair Corr
0.86	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr
0.84	KO	Coca Cola Sell-off Trend	Pair Corr
0.82	JNJ	Johnson Johnson Fiscal Year End 28th of January 2025	Pair Corr

Related Correlations Analysis

	TY	STEW	PMO	NDP	USA	BSTZ	AIO	RVT	ETO	GAM
TY		0.76	0.03	0.83	0.96	0.85	0.95	0.92	0.74	0.93	TY
STEW	0.76		-0.33	0.86	0.83	0.85	0.83	0.85	0.44	0.84	STEW
PMO	0.03	-0.33		-0.32	-0.1	-0.39	-0.15	-0.06	0.36	0.01	PMO
NDP	0.83	0.86	-0.32		0.89	0.9	0.89	0.85	0.4	0.8	NDP
USA	0.96	0.83	-0.1	0.89		0.9	0.96	0.94	0.68	0.93	USA
BSTZ	0.85	0.85	-0.39	0.9	0.9		0.91	0.85	0.46	0.84	BSTZ
AIO	0.95	0.83	-0.15	0.89	0.96	0.91		0.91	0.63	0.9	AIO
RVT	0.92	0.85	-0.06	0.85	0.94	0.85	0.91		0.74	0.95	RVT
ETO	0.74	0.44	0.36	0.4	0.68	0.46	0.63	0.74		0.73	ETO
GAM	0.93	0.84	0.01	0.8	0.93	0.84	0.9	0.95	0.73		GAM
	TY	STEW	PMO	NDP	USA	BSTZ	AIO	RVT	ETO	GAM

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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

USA	+ 0.96	TY
AIO	+ 0.96	USA
AIO	+ 0.95	TY
GAM	+ 0.95	RVT
RVT	+ 0.94	USA
GAM	+ 0.93	TY

High negative correlations

BSTZ	- 0.39	PMO
PMO	- 0.33	STEW
NDP	- 0.32	PMO
AIO	- 0.15	PMO
USA	- 0.1	PMO
RVT	- 0.06	PMO

Risk-Adjusted Indicators

There is a big difference between Adams Fund performing well and Adams Diversified 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 Adams Diversified'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
TY	0.45	0.03	(0.02)	0.16	0.43	(0.51)	0.88	(0.99)	2.94
STEW	0.61	0.01	(0.01)	0.13	0.60	(0.67)	1.10	(1.20)	4.86
PMO	0.52	0.04	(0.11)	(0.34)	0.70	(0.53)	0.93	(1.05)	3.23
NDP	0.91	0.16	0.09	0.36	0.95	(1.00)	2.15	(1.81)	6.05
USA	0.68	0.03	(0.01)	0.16	0.72	(0.80)	1.57	(1.55)	3.40
BSTZ	0.93	0.07	0.06	0.19	1.00	(0.98)	1.65	(1.63)	4.51
AIO	0.81	0.16	0.12	0.33	0.82	(0.92)	2.06	(1.38)	4.42
RVT	0.88	(0.03)	0.02	0.10	0.94	(0.99)	1.88	(1.59)	8.39
ETO	0.55	(0.05)	(0.10)	0.03	0.91	(0.47)	1.06	(1.49)	3.50
GAM	0.52	0.01	(0.03)	0.13	0.69	(0.56)	1.07	(1.47)	3.51

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