Value Fund Correlations

Mutual Funds . USA . 
Fund . Value Fund R5
AVUGX Fund  USD 7.81  0.02  0.26%   
The current 90-days correlation between Value Fund R5 and Crafword Dividend Growth is 0.42 (i.e., Very weak 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

Poor diversification

The correlation between Value Fund R5 and DJI is 0.66 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Value Fund R5 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 Value Fund R5. 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 price.

Moving together with Value Mutual Fund

  0.99AMDVX Mid Cap ValuePairCorr
  0.7AMGIX Income GrowthPairCorr
  0.65CDBCX Diversified BondPairCorr
  1.0TWADX Value Fund APairCorr
  0.99AMVYX Mid Cap ValuePairCorr
  0.99AMVRX Mid Cap ValuePairCorr
  0.99AMVGX Mid Cap ValuePairCorr
  0.99TWEIX Equity IncomePairCorr
  0.95TWGGX Global GrowthPairCorr
  0.78TWHIX Heritage Fund InvestorPairCorr
  0.76TWTCX Intermediate Term TaxPairCorr
  0.71TWTIX Intermediate Term TaxPairCorr
  0.78TWSCX Strategic Allocation:PairCorr
  0.82TWSAX Strategic Allocation:PairCorr
  0.84TWSMX Strategic Allocation:PairCorr
  1.0TWVLX Value Fund InvestorPairCorr
  0.72TWWOX Intermediate Term TaxPairCorr

Related Correlations Analysis

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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.

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