Bruce Fund Correlations

BRUFX Fund

USD 512.97 3.36 0.65%

The current 90-days correlation between Bruce Fund Bruce and Ab Bond Inflation is -0.01 (i.e., Good diversification). The correlation of Bruce 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.

Bruce Fund Correlation With Market

Average diversification

The correlation between Bruce Fund Bruce and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bruce Fund Bruce 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 Bruce Fund Bruce. 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 census.

Moving together with Bruce Mutual Fund

0.86	FFIFX	American Funds	Pair Corr
0.86	FAIFX	American Funds	Pair Corr
0.84	IFACX	Income Fund	Pair Corr
0.83	IFAFX	Income Fund	Pair Corr
0.83	AMECX	Income Fund	Pair Corr
0.84	RIDBX	Income Fund	Pair Corr
0.83	CIMEX	Income Fund	Pair Corr
0.83	RIDFX	Income Fund	Pair Corr
0.84	CIMCX	Income Fund	Pair Corr
0.83	CIMFX	Income Fund	Pair Corr
0.72	BXECX	Barings Emerging Markets	Pair Corr
0.83	BXEIX	Barings Emerging Markets	Pair Corr
0.83	BXEAX	Barings Emerging Markets	Pair Corr
0.86	HLDIX	Hartford Emerging	Pair Corr
0.87	HLDRX	Hartford Emerging	Pair Corr
0.86	HLDAX	Hartford Emerging	Pair Corr
0.86	HLDCX	Hartford Emerging	Pair Corr
0.86	HLDTX	Hartford Emerging	Pair Corr
0.79	JNJ	Johnson Johnson	Pair Corr
0.79	MCD	McDonalds	Pair Corr
0.69	IBM	International Business	Pair Corr
0.62	TRV	The Travelers Companies	Pair Corr
0.76	PG	Procter Gamble	Pair Corr
0.82	KO	Coca Cola	Pair Corr

Moving against Bruce Mutual Fund

0.53	CAT	Caterpillar	Pair Corr
0.51	AA	Alcoa Corp	Pair Corr
0.48	MSFT	Microsoft	Pair Corr
0.44	AXP	American Express	Pair Corr

Related Correlations Analysis

	ABNAX	FIPRX	SLFYX	ABNCX	TIILX
ABNAX		0.99	0.95	1.0	1.0	ABNAX
FIPRX	0.99		0.92	1.0	1.0	FIPRX
SLFYX	0.95	0.92		0.94	0.94	SLFYX
ABNCX	1.0	1.0	0.94		1.0	ABNCX
TIILX	1.0	1.0	0.94	1.0		TIILX
	ABNAX	FIPRX	SLFYX	ABNCX	TIILX

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Risk-Adjusted Indicators

There is a big difference between Bruce Mutual Fund performing well and Bruce 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 Bruce 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ABNAX	0.16	0.03	0.45	1.01	0.00	(0.20)	0.38	(0.29)	0.97
FIPRX	0.21	0.03	0.31	0.62	0.14	(0.26)	0.51	(0.41)	1.34
SLFYX	0.19	0.06	0.55	(5.03)	0.00	(0.27)	0.50	(0.26)	1.02
ABNCX	0.16	0.02	0.44	0.96	0.00	(0.20)	0.30	(0.30)	0.90
TIILX	0.16	0.03	0.41	1.85	0.00	(0.19)	0.37	(0.29)	1.04

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