Blue Current Correlations

BCGDX Fund

USD 16.48 0.03 0.18%

The current 90-days correlation between Blue Current Global and Prudential Income Builder is -0.07 (i.e., Good diversification). The correlation of Blue Current 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.

Blue Current Correlation With Market

Poor diversification

The correlation between Blue Current Global 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 Blue Current Global 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 Blue Current Global. 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 unemployment.

Moving together with BLUE Mutual Fund

0.75	TEDRX	Franklin Mutual Global	Pair Corr
0.76	FMDRX	Franklin Mutual Global	Pair Corr
0.75	DOXWX	Dodge Cox Global	Pair Corr
0.74	DODWX	Dodge Global Stock	Pair Corr
0.76	TRZRX	T Rowe Price	Pair Corr
0.75	TEDIX	Franklin Mutual Global	Pair Corr
0.72	MDISX	Franklin Mutual Global	Pair Corr
0.72	TEDSX	Franklin Mutual Global	Pair Corr
0.76	PRAFX	T Rowe Price	Pair Corr
0.82	BEGRX	Franklin Mutual Beacon	Pair Corr
0.81	VGTSX	Vanguard Total Inter	Pair Corr
0.81	VTIAX	Vanguard Total Inter	Pair Corr
0.67	EKHCX	Wells Fargo High	Pair Corr
0.65	INTIX	Voya International Index	Pair Corr
0.75	JELCX	Jhn Hk Cnsv	Pair Corr
0.68	FHYCX	Federated High Yield	Pair Corr
0.74	NRIQX	Neuberger Berman Int	Pair Corr
0.67	JOEIX	Johcm Emerging Markets	Pair Corr
0.82	JOEAX	Johcm Emerging Markets	Pair Corr
0.65	EGRAX	Eaton Vance Global	Pair Corr
0.85	FAHPX	Fahpx	Pair Corr

Moving against BLUE Mutual Fund

0.59

TCHTX

Cleartrack 2020 Class

Pair Corr

Related Correlations Analysis

	BCGDX	PCGAX	FEHRX	CPPAX	LIBAX	MYN	FJAVX	PIPTX	VWVUX	LHEIX
BCGDX		0.78	0.62	0.44	0.45	0.48	0.78	0.65	0.72	0.11	BCGDX
PCGAX	0.78		0.77	0.69	0.7	0.64	0.95	0.81	0.91	0.23	PCGAX
FEHRX	0.62	0.77		0.84	0.89	0.63	0.87	0.86	0.92	-0.17	FEHRX
CPPAX	0.44	0.69	0.84		0.98	0.33	0.81	0.93	0.88	-0.03	CPPAX
LIBAX	0.45	0.7	0.89	0.98		0.39	0.82	0.92	0.9	-0.13	LIBAX
MYN	0.48	0.64	0.63	0.33	0.39		0.59	0.38	0.61	0.05	MYN
FJAVX	0.78	0.95	0.87	0.81	0.82	0.59		0.91	0.97	0.02	FJAVX
PIPTX	0.65	0.81	0.86	0.93	0.92	0.38	0.91		0.92	0.02	PIPTX
VWVUX	0.72	0.91	0.92	0.88	0.9	0.61	0.97	0.92		-0.02	VWVUX
LHEIX	0.11	0.23	-0.17	-0.03	-0.13	0.05	0.02	0.02	-0.02		LHEIX
	BCGDX	PCGAX	FEHRX	CPPAX	LIBAX	MYN	FJAVX	PIPTX	VWVUX	LHEIX

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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

LIBAX	+ 0.98	CPPAX
VWVUX	+ 0.97	FJAVX
FJAVX	+ 0.95	PCGAX
PIPTX	+ 0.93	CPPAX
VWVUX	+ 0.92	FEHRX
PIPTX	+ 0.92	LIBAX

High negative correlations

LHEIX	- 0.17	FEHRX
LHEIX	- 0.13	LIBAX
LHEIX	- 0.03	CPPAX
LHEIX	- 0.02	VWVUX

Risk-Adjusted Indicators

There is a big difference between BLUE Mutual Fund performing well and Blue Current 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 Blue Current'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
BCGDX	0.64	0.05	0.08	0.02	0.93	(0.66)	1.28	(1.27)	3.69
PCGAX	0.38	0.04	0.23	(8.20)	0.36	(0.47)	0.84	(0.72)	2.05
FEHRX	0.21	0.03	0.24	2.18	0.18	(0.29)	0.48	(0.57)	1.40
CPPAX	0.12	0.03	0.53	0.82	0.00	(0.19)	0.32	(0.21)	0.64
LIBAX	0.28	0.05	0.36	0.74	0.17	(0.33)	0.70	(0.46)	1.73
MYN	0.42	0.02	0.17	(1.22)	0.46	(0.48)	0.90	(0.70)	2.50
FJAVX	0.23	0.03	0.31	0.80	0.17	(0.29)	0.49	(0.40)	1.39
PIPTX	0.54	0.11	0.23	1.89	0.57	(0.63)	1.00	(0.81)	3.29
VWVUX	0.14	0.02	0.41	0.84	0.00	(0.19)	0.35	(0.28)	0.99
LHEIX	0.28	0.02	0.20	1.26	0.31	(0.35)	0.63	(0.52)	1.99

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