Appleseed Fund Correlations
| APPLX Fund | USD 14.26 0.09 0.64% |
The current 90-days correlation between Appleseed Fund Appleseed and Intrepid Endurance Fund is -0.23 (i.e., Very good diversification). The correlation of Appleseed 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.
Appleseed Fund Correlation With Market
Average diversification
The correlation between Appleseed Fund Appleseed and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Appleseed Fund Appleseed and DJI in the same portfolio, assuming nothing else is changed.
Appleseed |
Moving together with Appleseed Mutual Fund
| 0.76 | RIRAX | Capital Income Builder | PairCorr |
| 0.77 | RIREX | Capital Income Builder | PairCorr |
| 0.77 | RIRCX | Capital Income Builder | PairCorr |
| 0.77 | RIRFX | Capital Income Builder | PairCorr |
| 0.76 | CIRCX | Capital Income Builder | PairCorr |
| 0.77 | CIREX | Capital Income Builder | PairCorr |
| 0.76 | RIRBX | Capital Income Builder | PairCorr |
| 0.77 | CAIFX | Capital Income Builder | PairCorr |
| 0.77 | CIRFX | Capital Income Builder | PairCorr |
| 0.77 | CIRAX | Capital Income Builder | PairCorr |
| 0.8 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.76 | HPQ | HP Inc | PairCorr |
| 0.61 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.85 | CAT | Caterpillar Fiscal Year End 3rd of February 2025 | PairCorr |
Moving against Appleseed Mutual Fund
| 0.69 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
| 0.4 | JSOSX | Jpmorgan Strategic Income | PairCorr |
Related Correlations Analysis
| -0.11 | -0.04 | -0.12 | -0.08 | ICMAX | ||
| -0.11 | 0.65 | 0.28 | 0.7 | PORTX | ||
| -0.04 | 0.65 | -0.36 | 0.7 | TILDX | ||
| -0.12 | 0.28 | -0.36 | -0.11 | PARWX | ||
| -0.08 | 0.7 | 0.7 | -0.11 | MAPIX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Appleseed Mutual Fund performing well and Appleseed 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 Appleseed 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICMAX | 0.65 | (0.03) | 0.00 | 0.27 | 0.00 | 1.52 | 3.42 | |||
| PORTX | 0.61 | (0.23) | 0.00 | (0.89) | 0.00 | 0.78 | 11.23 | |||
| TILDX | 0.31 | (0.07) | 0.00 | 1.83 | 0.00 | 0.64 | 2.75 | |||
| PARWX | 0.55 | (0.01) | (0.02) | (0.02) | 0.81 | 1.05 | 4.84 | |||
| MAPIX | 0.61 | (0.17) | 0.00 | (1.81) | 0.00 | 1.08 | 4.71 |