Collegeadvantage Correlations

BOFCX Fund

USD 65.59 0.07 0.11%

The current 90-days correlation between Collegeadvantage 529 and Upright Assets Allocation is 0.66 (i.e., Poor diversification). The correlation of Collegeadvantage 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.

Collegeadvantage Correlation With Market

Average diversification

The correlation between Collegeadvantage 529 Savings and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Collegeadvantage 529 Savings 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 Collegeadvantage 529 Savings. 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 main economic indicators.

Moving together with Collegeadvantage Mutual Fund

0.76	VTSAX	Vanguard Total Stock	Pair Corr
0.84	VFIAX	Vanguard 500 Index	Pair Corr
0.76	VTSMX	Vanguard Total Stock	Pair Corr
0.76	VITSX	Vanguard Total Stock	Pair Corr
0.76	VSTSX	Vanguard Total Stock	Pair Corr
0.76	VSMPX	Vanguard Total Stock	Pair Corr
0.84	VFINX	Vanguard 500 Index	Pair Corr
0.78	VFFSX	Vanguard 500 Index	Pair Corr
0.74	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.8	DIS	Walt Disney	Pair Corr
0.87	WMT	Walmart	Pair Corr
0.86	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.78	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.79	MSFT	Microsoft	Pair Corr

Moving against Collegeadvantage Mutual Fund

0.72	PFE	Pfizer Inc Sell-off Trend	Pair Corr
0.68	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr
0.65	MRK	Merck Company Sell-off Trend	Pair Corr
0.64	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.51	NHS	Neuberger Berman High	Pair Corr
0.5	VZ	Verizon Communications Fiscal Year End 28th of January 2025	Pair Corr
0.39	HPQ	HP Inc	Pair Corr
0.38	INTC	Intel Fiscal Year End 23rd of January 2025	Pair Corr
0.34	VTIAX	Vanguard Total Inter	Pair Corr
0.31	VGTSX	Vanguard Total Inter	Pair Corr

Related Correlations Analysis

	UPAAX	VEIPX	OWLSX	PLAAX	TACLX	FMTIX
UPAAX		0.3	0.34	0.17	0.14	0.67	UPAAX
VEIPX	0.3		0.77	0.78	0.91	0.78	VEIPX
OWLSX	0.34	0.77		0.87	0.78	0.84	OWLSX
PLAAX	0.17	0.78	0.87		0.83	0.75	PLAAX
TACLX	0.14	0.91	0.78	0.83		0.69	TACLX
FMTIX	0.67	0.78	0.84	0.75	0.69		FMTIX
	UPAAX	VEIPX	OWLSX	PLAAX	TACLX	FMTIX

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Risk-Adjusted Indicators

There is a big difference between Collegeadvantage Mutual Fund performing well and Collegeadvantage 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 Collegeadvantage'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
UPAAX	1.31	0.08	0.04	0.19	1.76	(1.40)	2.31	(2.24)	11.11
VEIPX	0.50	(0.01)	(0.03)	(0.07)	0.68	(0.55)	1.04	(0.81)	5.85
OWLSX	0.57	(0.07)	0.00	(53.20)	0.00	0.00	0.80	(1.18)	7.37
PLAAX	0.90	(0.09)	0.00	(0.27)	0.00	0.00	1.43	(2.00)	13.27
TACLX	0.54	(0.02)	0.00	(0.12)	0.00	0.00	0.88	(0.71)	5.53
FMTIX	0.37	(0.02)	0.00	(0.14)	0.00	0.00	0.74	(0.75)	2.91

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