Collegeadvantage Correlations

BZEIX Fund

USD 18.75 0.08 0.43%

The current 90-days correlation between Collegeadvantage 529 and Oshaughnessy Market Leaders is 0.17 (i.e., Average 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

Poor diversification

The correlation between Collegeadvantage 529 Savings and DJI is 0.66 (i.e., Poor 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

0.84	VTSAX	Vanguard Total Stock	Pair Corr
0.7	VFIAX	Vanguard 500 Index	Pair Corr
0.85	VTSMX	Vanguard Total Stock	Pair Corr
0.73	VITSX	Vanguard Total Stock	Pair Corr
0.85	VSTSX	Vanguard Total Stock	Pair Corr
0.85	VSMPX	Vanguard Total Stock	Pair Corr
0.7	VFINX	Vanguard 500 Index	Pair Corr
0.84	VFFSX	Vanguard 500 Index	Pair Corr
0.74	GCAVX	Gmo Small Cap	Pair Corr
0.65	CSCO	Cisco Systems	Pair Corr
0.63	DIS	Walt Disney	Pair Corr
0.64	WMT	Walmart	Pair Corr
0.68	JPM	JPMorgan Chase Earnings Call This Week	Pair Corr
0.67	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Moving against Collegeadvantage Mutual Fund

0.39	GAAVX	Gmo Alternative Allo	Pair Corr
0.42	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr

Related Correlations Analysis

	OFVIX	FEMDX	SPMIX	PIEFX	KMKCX	SRWAX	QNZIX
OFVIX		0.72	0.76	0.21	0.52	0.74	0.73	OFVIX
FEMDX	0.72		0.61	0.47	0.24	0.85	0.89	FEMDX
SPMIX	0.76	0.61		0.47	0.26	0.63	0.62	SPMIX
PIEFX	0.21	0.47	0.47		-0.57	0.51	0.4	PIEFX
KMKCX	0.52	0.24	0.26	-0.57		0.22	0.33	KMKCX
SRWAX	0.74	0.85	0.63	0.51	0.22		0.92	SRWAX
QNZIX	0.73	0.89	0.62	0.4	0.33	0.92		QNZIX
	OFVIX	FEMDX	SPMIX	PIEFX	KMKCX	SRWAX	QNZIX

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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

QNZIX	+ 0.92	SRWAX
QNZIX	+ 0.89	FEMDX
SRWAX	+ 0.85	FEMDX
SPMIX	+ 0.76	OFVIX
SRWAX	+ 0.74	OFVIX
QNZIX	+ 0.73	OFVIX

High negative correlations

KMKCX

- 0.57

PIEFX

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
OFVIX	0.77	(0.12)	0.00	(0.39)	0.00	0.00	1.14	(0.88)	15.73
FEMDX	0.23	(0.07)	0.00	4.10	0.00	0.00	0.33	(0.33)	5.06
SPMIX	0.81	(0.11)	0.00	(0.29)	0.00	0.00	1.63	(1.19)	12.44
PIEFX	0.66	(0.10)	0.00	(0.49)	0.00	0.00	1.51	(1.42)	4.82
KMKCX	1.81	0.43	0.16	0.58	2.18	(1.92)	4.51	(4.20)	15.50
SRWAX	0.37	(0.08)	0.00	(0.51)	0.00	0.00	0.54	(0.69)	4.65
QNZIX	0.82	(0.14)	0.00	(1.58)	0.00	0.00	0.98	(1.13)	16.81

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