Cash Account Correlations
| CAGXX Fund | USD 1.00 0.00 0.00% |
The correlation of Cash Account 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.
Cash |
Related Correlations Analysis
| 0.73 | 0.62 | 0.64 | 0.6 | 0.84 | 0.83 | NUSAX | ||
| 0.73 | 0.85 | 0.87 | 0.83 | 0.87 | 0.89 | ELBIX | ||
| 0.62 | 0.85 | 0.99 | 1.0 | 0.9 | 0.94 | CSBCX | ||
| 0.64 | 0.87 | 0.99 | 0.99 | 0.91 | 0.94 | PBNAX | ||
| 0.6 | 0.83 | 1.0 | 0.99 | 0.9 | 0.92 | FTRGX | ||
| 0.84 | 0.87 | 0.9 | 0.91 | 0.9 | 0.96 | MSTBX | ||
| 0.83 | 0.89 | 0.94 | 0.94 | 0.92 | 0.96 | ABNTX | ||
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Risk-Adjusted Indicators
There is a big difference between Cash Money Market Fund performing well and Cash Account Money Market 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 Cash Account'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NUSAX | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.19 | |||
| ELBIX | 0.33 | 0.03 | 0.33 | 1.11 | 0.28 | 0.64 | 1.73 | |||
| CSBCX | 0.23 | 0.00 | 0.34 | (0.21) | 0.26 | 0.49 | 1.42 | |||
| PBNAX | 0.22 | 0.00 | 0.38 | (0.20) | 0.23 | 0.43 | 1.22 | |||
| FTRGX | 0.24 | (0.01) | 0.31 | (0.31) | 0.27 | 0.53 | 1.31 | |||
| MSTBX | 0.11 | 0.01 | 0.73 | (0.61) | 0.00 | 0.21 | 0.62 | |||
| ABNTX | 0.15 | 0.01 | 0.52 | 0.86 | 0.10 | 0.30 | 0.99 |