Bogle Small Correlations

BOGIX Fund

USD 30.76 0.39 1.25%

The current 90-days correlation between Bogle Small Cap and Aberdeen Select International is 0.16 (i.e., Average diversification). The correlation of Bogle Small 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.

Bogle Small Correlation With Market

Average diversification

The correlation between Bogle Small Cap and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bogle Small Cap 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 Bogle Small Cap. 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 gross domestic product.

Moving together with Bogle Mutual Fund

0.8	SGICX	Summit Global Investments	Pair Corr
0.7	SGLIX	Summit Global Investments	Pair Corr
0.82	SGPKX	Sgi Peak Growth	Pair Corr
0.75	SGPGX	Sgi Prudent Growth	Pair Corr
0.74	SILVX	Summit Global Investments	Pair Corr
0.74	LVOLX	Summit Global Investments	Pair Corr
0.82	VSMAX	Vanguard Small Cap	Pair Corr
0.78	VSCIX	Vanguard Small Cap	Pair Corr
0.83	VSCPX	Vanguard Small Cap	Pair Corr
0.8	NAESX	Vanguard Small Cap	Pair Corr
0.9	FSSNX	Fidelity Small Cap	Pair Corr
0.84	DFSTX	Us Small Cap	Pair Corr
0.86	PASVX	T Rowe Price	Pair Corr
0.85	PRVIX	T Rowe Price	Pair Corr
0.91	TRZVX	T Rowe Price	Pair Corr
0.85	PRSVX	T Rowe Price	Pair Corr
0.67	EMPIX	Ambassador Fund	Pair Corr

Related Correlations Analysis

	JIEIX	ARTJX	TBGVX	MSILX
JIEIX		0.74	0.73	0.89	JIEIX
ARTJX	0.74		0.82	0.78	ARTJX
TBGVX	0.73	0.82		0.65	TBGVX
MSILX	0.89	0.78	0.65		MSILX
	JIEIX	ARTJX	TBGVX	MSILX

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Risk-Adjusted Indicators

There is a big difference between Bogle Mutual Fund performing well and Bogle Small 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 Bogle Small'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
JIEIX	0.70	(0.15)	(0.85)	1.49	(1.77)	3.69
ARTJX	0.61	(0.11)	(0.69)	1.07	(1.40)	4.17
TBGVX	0.53	(0.23)	(5.10)	0.46	(1.14)	10.47
MSILX	0.59	(0.15)	(4.50)	0.79	(1.39)	3.22

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Bogle Small Correlations

Bogle Small Correlation With Market

Average diversification

Moving together with Bogle Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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