Collegeadvantage Correlations

BZFIX Fund

USD 19.00 0.10 0.53%

The current 90-days correlation between Collegeadvantage 529 and Vanguard Total Stock is 0.31 (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

Poor diversification

The correlation between Collegeadvantage 529 Savings and DJI is 0.67 (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

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

Moving against Collegeadvantage Mutual Fund

0.42	GAAVX	Gmo Alternative Allo	Pair Corr
0.45	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.32	MRK	Merck Company Fiscal Year End 6th of February 2025	Pair Corr

Related Correlations Analysis

	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX
VTSAX		0.92	1.0	0.94	1.0	1.0	0.92	1.0	-0.46	-0.49	VTSAX
VFIAX	0.92		0.92	1.0	0.92	0.92	1.0	0.92	-0.51	-0.55	VFIAX
VTSMX	1.0	0.92		0.93	1.0	1.0	0.92	1.0	-0.43	-0.47	VTSMX
VITSX	0.94	1.0	0.93		0.93	0.93	1.0	0.93	-0.49	-0.55	VITSX
VSTSX	1.0	0.92	1.0	0.93		1.0	0.92	1.0	-0.43	-0.47	VSTSX
VSMPX	1.0	0.92	1.0	0.93	1.0		0.92	1.0	-0.43	-0.47	VSMPX
VFINX	0.92	1.0	0.92	1.0	0.92	0.92		0.92	-0.51	-0.55	VFINX
VFFSX	1.0	0.92	1.0	0.93	1.0	1.0	0.92		-0.44	-0.47	VFFSX
VGTSX	-0.46	-0.51	-0.43	-0.49	-0.43	-0.43	-0.51	-0.44		0.98	VGTSX
VTIAX	-0.49	-0.55	-0.47	-0.55	-0.47	-0.47	-0.55	-0.47	0.98		VTIAX
	VTSAX	VFIAX	VTSMX	VITSX	VSTSX	VSMPX	VFINX	VFFSX	VGTSX	VTIAX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

VTSMX	+ 1.0	VTSAX
VSTSX	+ 1.0	VTSAX
VSMPX	+ 1.0	VTSAX
VFFSX	+ 1.0	VTSAX
VITSX	+ 1.0	VFIAX
VFINX	+ 1.0	VFIAX

High negative correlations

VTIAX	- 0.55	VFINX
VTIAX	- 0.55	VITSX
VTIAX	- 0.55	VFIAX
VGTSX	- 0.51	VFINX
VGTSX	- 0.51	VFIAX
VGTSX	- 0.49	VITSX

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
VTSAX	0.59	0.07	0.06	0.41	0.77	(0.62)	1.12	(1.13)	5.94
VFIAX	0.56	0.06	0.05	1.12	0.74	(0.56)	1.10	(1.10)	5.48
VTSMX	0.59	0.06	0.06	0.39	0.78	(0.61)	1.11	(1.13)	5.94
VITSX	0.59	0.06	0.05	0.99	0.77	(0.61)	1.10	(1.13)	5.95
VSTSX	0.59	0.06	0.06	0.40	0.78	(0.61)	1.11	(1.13)	5.94
VSMPX	0.59	0.06	0.06	0.40	0.78	(0.61)	1.11	(1.13)	5.94
VFINX	0.56	0.06	0.05	1.12	0.74	(0.56)	1.10	(1.10)	5.48
VFFSX	0.56	0.06	0.05	0.41	0.75	(0.57)	1.10	(1.10)	5.48
VGTSX	0.54	(0.14)	0.00	(1.58)	0.00	0.00	0.83	(1.56)	3.49
VTIAX	0.51	(0.11)	0.00	(1.19)	0.00	0.00	0.82	(1.32)	3.47

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC