Vest Large Correlations

BURGX Fund

20.45 0.13 0.63%

The current 90-days correlation between Vest Large Cap and Cboe Vest Sp is -0.13 (i.e., Good diversification). The correlation of Vest Large 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.

Vest Large Correlation With Market

Average diversification

The correlation between Vest Large Cap and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vest Large 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 Vest Large 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 price.

Moving together with Vest Mutual Fund

0.88

ENGRX

Vest Large Cap Steady Growth

Pair Corr

Moving against Vest Mutual Fund

0.47	KNGAX	Cboe Vest Sp	Pair Corr
0.47	KNGCX	Cboe Vest Sp	Pair Corr
0.47	KNGLX	Cboe Vest Sp	Pair Corr
0.46	KNGIX	Cboe Vest Sp	Pair Corr
0.44	KNGYX	Cboe Vest Sp	Pair Corr

Related Correlations Analysis

	ENGIX	KNGIX	TIPWX	VARBX	CMNIX
ENGIX		-0.04	-0.66	-0.47	0.85	ENGIX
KNGIX	-0.04		0.66	0.61	-0.13	KNGIX
TIPWX	-0.66	0.66		0.61	-0.6	TIPWX
VARBX	-0.47	0.61	0.61		-0.51	VARBX
CMNIX	0.85	-0.13	-0.6	-0.51		CMNIX
	ENGIX	KNGIX	TIPWX	VARBX	CMNIX

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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

CMNIX	+ 0.85	ENGIX
TIPWX	+ 0.66	KNGIX
VARBX	+ 0.61	KNGIX
VARBX	+ 0.61	TIPWX

High negative correlations

TIPWX	- 0.66	ENGIX
CMNIX	- 0.6	TIPWX
CMNIX	- 0.51	VARBX
VARBX	- 0.47	ENGIX
CMNIX	- 0.13	KNGIX
KNGIX	- 0.04	ENGIX

Risk-Adjusted Indicators

There is a big difference between Vest Mutual Fund performing well and Vest Large 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 Vest Large'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
ENGIX	0.22	0.02	(0.01)	0.10	0.33	(0.29)	0.65	(0.39)	2.81
KNGIX	0.47	(0.09)	0.00	(0.12)	0.00	0.00	0.94	(0.85)	3.49
TIPWX	0.07	(0.05)	0.00	7.71	0.00	0.00	0.07	(0.11)	1.57
VARBX	0.18	(0.09)	0.00	(0.82)	0.00	0.00	0.10	(0.09)	6.00
CMNIX	0.08	0.00	(0.15)	(0.05)	0.16	(0.10)	0.13	(0.13)	1.26

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