Heritage Fund Correlations
ATHAX Fund | USD 24.49 0.09 0.37% |
The current 90-days correlation between Heritage Fund A and Transamerica Asset Allocation is 0.89 (i.e., Very poor diversification). The correlation of Heritage 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.
Heritage Fund Correlation With Market
Very poor diversification
The correlation between Heritage Fund A and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Heritage Fund A and DJI in the same portfolio, assuming nothing else is changed.
Heritage |
Moving together with Heritage Mutual Fund
0.89 | AMDVX | Mid Cap Value | PairCorr |
0.97 | AMEIX | Equity Growth | PairCorr |
0.97 | AMGIX | Income Growth | PairCorr |
0.94 | TWADX | Value Fund A | PairCorr |
0.95 | TWCCX | Ultra Fund C | PairCorr |
0.93 | TWCAX | Select Fund A | PairCorr |
0.93 | TWCIX | Select Fund Investor | PairCorr |
0.94 | TWCGX | Growth Fund Investor | PairCorr |
0.89 | AMVYX | Mid Cap Value | PairCorr |
0.88 | AMVRX | Mid Cap Value | PairCorr |
0.8 | TWBIX | Balanced Fund Investor | PairCorr |
0.89 | AMVGX | Mid Cap Value | PairCorr |
0.88 | TWEAX | Equity Income | PairCorr |
0.88 | TWEIX | Equity Income | PairCorr |
0.95 | TWCUX | Ultra Fund Investor | PairCorr |
0.94 | TWGIX | Growth Fund I | PairCorr |
1.0 | TWHIX | Heritage Fund Investor | PairCorr |
0.93 | TWRCX | Growth Fund C | PairCorr |
0.79 | TWSCX | Strategic Allocation: | PairCorr |
0.93 | TWSAX | Strategic Allocation: | PairCorr |
0.9 | TWSMX | Strategic Allocation: | PairCorr |
0.93 | TWSIX | Select Fund I | PairCorr |
0.94 | TWVLX | Value Fund Investor | PairCorr |
0.95 | TWUAX | Ultra Fund A | PairCorr |
0.95 | TWUIX | Ultra Fund I | PairCorr |
0.69 | NPHIX | High Income Fund | PairCorr |
0.96 | ANORX | Small Cap Growth | PairCorr |
Moving against Heritage Mutual Fund
0.75 | CDBCX | Diversified Bond | PairCorr |
0.72 | TWACX | Short Term Government | PairCorr |
0.69 | TWARX | Short Term Government | PairCorr |
0.67 | TWAVX | Short Term Government | PairCorr |
0.63 | TWGAX | International Growth | PairCorr |
0.63 | TWIEX | International Growth | PairCorr |
0.8 | ANVRX | American Century Non | PairCorr |
0.79 | ANTGX | Nt Non Intrinsic | PairCorr |
0.63 | TWUOX | Short Term Government | PairCorr |
0.63 | TGRIX | International Growth | PairCorr |
0.61 | TWUSX | Short Term Government | PairCorr |
0.51 | ANTMX | Nt International Small | PairCorr |
0.32 | TWWOX | Intermediate Term Tax | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Heritage Mutual Fund performing well and Heritage 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 Heritage 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 | ||
---|---|---|---|---|---|---|---|---|---|---|
IMGRX | 0.41 | (0.02) | (0.13) | 0.09 | 0.50 | 0.76 | 2.51 | |||
SCGCX | 0.42 | (0.02) | (0.11) | 0.09 | 0.46 | 0.87 | 2.67 | |||
TRRJX | 0.40 | (0.03) | (0.14) | 0.08 | 0.47 | 0.78 | 2.44 | |||
PARKX | 0.41 | (0.03) | (0.14) | 0.08 | 0.49 | 0.83 | 2.42 | |||
JABKX | 0.26 | (0.02) | (0.29) | 0.08 | 0.27 | 0.55 | 1.35 | |||
QLMAFX | 0.32 | (0.01) | (0.17) | 0.11 | 0.36 | 0.70 | 1.96 | |||
FLSOX | 0.52 | (0.04) | (0.10) | 0.08 | 0.63 | 1.08 | 3.08 |