Collegeadvantage Correlations

BOIIX Fund

USD 14.89 0.06 0.40%

The current 90-days correlation between Collegeadvantage 529 and Ftfa Franklin Templeton Growth is 0.33 (i.e., Weak 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

Modest diversification

The correlation between Collegeadvantage 529 Savings and DJI is 0.26 (i.e., Modest 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 gross domestic product.

Moving together with Collegeadvantage Mutual Fund

0.66

Home Depot

Pair Corr

Moving against Collegeadvantage Mutual Fund

0.34

JNJ

Johnson Johnson Fiscal Year End 28th of January 2025

Pair Corr

Related Correlations Analysis

	FGTZX	NEAIX	TEGAX	ARTSX	LMLRX	IBSSX	TFAGX
FGTZX		0.91	0.89	0.84	0.83	0.92	0.94	FGTZX
NEAIX	0.91		0.77	0.76	0.91	0.9	0.81	NEAIX
TEGAX	0.89	0.77		0.89	0.65	0.83	0.96	TEGAX
ARTSX	0.84	0.76	0.89		0.65	0.83	0.84	ARTSX
LMLRX	0.83	0.91	0.65	0.65		0.82	0.66	LMLRX
IBSSX	0.92	0.9	0.83	0.83	0.82		0.85	IBSSX
TFAGX	0.94	0.81	0.96	0.84	0.66	0.85		TFAGX
	FGTZX	NEAIX	TEGAX	ARTSX	LMLRX	IBSSX	TFAGX

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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
FGTZX	0.39	0.01	(0.07)	0.11	0.36	(0.45)	1.00	(0.72)	2.63
NEAIX	1.02	0.02	0.04	0.10	0.90	(1.19)	2.19	(1.59)	6.71
TEGAX	0.79	0.10	0.12	0.17	0.70	(0.90)	1.98	(1.30)	6.24
ARTSX	0.98	(0.01)	0.01	0.08	1.36	(0.94)	2.03	(1.99)	8.55
LMLRX	0.23	(0.01)	(0.24)	0.05	0.20	(0.28)	0.61	(0.45)	1.36
IBSSX	0.62	(0.02)	(0.04)	0.06	0.73	(0.69)	1.29	(1.12)	4.17
TFAGX	0.48	0.05	0.05	0.16	0.41	(0.55)	1.03	(1.00)	4.02

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