Value Fund Correlations
| AVUDX Fund | USD 7.94 0.08 1.00% |
The current 90-days correlation between Value Fund R6 and Redwood Real Estate is 0.06 (i.e., Significant 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 weak diversification
The correlation between Value Fund R6 and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund R6 and DJI in the same portfolio, assuming nothing else is changed.
Value |
Moving together with Value Mutual Fund
| 0.83 | VVIAX | Vanguard Value Index | PairCorr |
| 0.84 | DOXGX | Dodge Cox Stock | PairCorr |
| 0.99 | AFMFX | American Mutual | PairCorr |
| 0.99 | FFMMX | American Funds American | PairCorr |
| 0.99 | FFFMX | American Funds American | PairCorr |
| 0.99 | AMRMX | American Mutual | PairCorr |
| 0.99 | AMFFX | American Mutual | PairCorr |
| 0.99 | AMFCX | American Mutual | PairCorr |
| 0.97 | DODGX | Dodge Stock Fund | PairCorr |
| 0.83 | VIVAX | Vanguard Value Index | PairCorr |
| 0.92 | IFN | India Closed | PairCorr |
| 0.63 | USA | Liberty All Star | PairCorr |
| 0.77 | HPQ | HP Inc | PairCorr |
| 0.73 | INTC | Intel Earnings Call Tomorrow | PairCorr |
| 0.75 | DD | Dupont De Nemours Fiscal Year End 4th of February 2025 | PairCorr |
| 0.71 | TRV | The Travelers Companies | PairCorr |
| 0.83 | AA | Alcoa Corp | PairCorr |
Moving against Value Mutual Fund
| 0.49 | CII | Blackrock Enhanced | PairCorr |
| 0.34 | ETV | Eaton Vance Tax | PairCorr |
| 0.33 | ETY | Eaton Vance Tax | PairCorr |
| 0.32 | PFE | Pfizer Inc Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CREMX | 0.02 | 0.02 | 0.00 | (4.62) | 0.00 | 0.08 | 0.08 | |||
| FIKMX | 0.26 | (0.03) | 0.00 | (0.18) | 0.00 | 0.58 | 1.59 | |||
| CNREX | 0.74 | (0.10) | 0.00 | (0.19) | 0.00 | 1.38 | 5.19 | |||
| TIRHX | 0.85 | (0.12) | 0.00 | (0.22) | 0.00 | 1.49 | 5.47 | |||
| MRESX | 0.86 | (0.13) | 0.00 | (0.25) | 0.00 | 1.43 | 5.43 | |||
| NRSCX | 0.24 | (0.03) | 0.00 | (0.47) | 0.00 | 0.43 | 3.00 | |||
| CREYX | 0.86 | (0.13) | 0.00 | (0.24) | 0.00 | 1.52 | 5.49 |