Collegeadvantage Correlations

BZOIX Fund

USD 13.26 0.02 0.15%

The current 90-days correlation between Collegeadvantage 529 and Ab International Growth is 0.01 (i.e., Significant 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

Significant diversification

The correlation between Collegeadvantage 529 Savings and DJI is 0.02 (i.e., Significant 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

0.82	VGTSX	Vanguard Total Inter	Pair Corr
0.82	VTIAX	Vanguard Total Inter	Pair Corr
0.82	KO	Coca Cola	Pair Corr
0.76	VZ	Verizon Communications	Pair Corr
0.91	T	ATT Inc	Pair Corr
0.79	MMM	3M Company	Pair Corr
0.72	MCD	McDonalds	Pair Corr
0.8	CSCO	Cisco Systems	Pair Corr

Moving against Collegeadvantage Mutual Fund

0.56	SMPIX	Semiconductor Ultrasector	Pair Corr
0.53	SMPSX	Semiconductor Ultrasector	Pair Corr
0.71	MRK	Merck Company	Pair Corr
0.65	MSFT	Microsoft	Pair Corr
0.46	CAT	Caterpillar	Pair Corr
0.34	HPQ	HP Inc	Pair Corr

Related Correlations Analysis

	AWPIX	HRASX	GETFX	LGLSX	BGGKX	TAAEX
AWPIX		0.71	0.77	0.48	0.68	0.65	AWPIX
HRASX	0.71		0.98	0.18	0.31	0.31	HRASX
GETFX	0.77	0.98		0.3	0.42	0.41	GETFX
LGLSX	0.48	0.18	0.3		0.92	0.93	LGLSX
BGGKX	0.68	0.31	0.42	0.92		0.99	BGGKX
TAAEX	0.65	0.31	0.41	0.93	0.99		TAAEX
	AWPIX	HRASX	GETFX	LGLSX	BGGKX	TAAEX

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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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
AWPIX	0.68	0.03	(0.07)	1.45	(2.17)	4.44
HRASX	0.58	(0.01)	(0.14)	0.93	(1.43)	3.55
GETFX	0.54	0.00	(0.13)	0.95	(1.20)	3.31
LGLSX	1.59	(0.12)	(0.24)	2.74	(5.29)	9.30
BGGKX	1.43	(0.12)	(0.24)	2.58	(4.97)	8.15
TAAEX	1.62	(0.15)	(0.28)	3.06	(5.59)	9.89

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