Cahxx Correlations
The correlation of Cahxx 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.
Cahxx |
Related Correlations Analysis
0.64 | 0.31 | 0.77 | 0.48 | 0.69 | ARBOX | ||
0.64 | 0.83 | 0.83 | 0.93 | 0.88 | FCVSX | ||
0.31 | 0.83 | 0.72 | 0.94 | 0.85 | PCGYX | ||
0.77 | 0.83 | 0.72 | 0.81 | 0.94 | VICIX | ||
0.48 | 0.93 | 0.94 | 0.81 | 0.88 | FCSKX | ||
0.69 | 0.88 | 0.85 | 0.94 | 0.88 | PBXIX | ||
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Risk-Adjusted Indicators
There is a big difference between Cahxx Money Market Fund performing well and Cahxx 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 Cahxx'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
ARBOX | 0.10 | (0.04) | 0.00 | (2.66) | 0.00 | 0.09 | 1.76 | |||
FCVSX | 0.64 | (0.02) | 0.00 | (0.11) | 0.00 | 1.10 | 6.64 | |||
PCGYX | 0.45 | 0.03 | 0.07 | 0.45 | 0.55 | 0.96 | 3.48 | |||
VICIX | 0.25 | (0.01) | 0.00 | (1.91) | 0.00 | 0.61 | 2.57 | |||
FCSKX | 0.44 | 0.02 | 0.04 | 0.06 | 0.64 | 0.96 | 3.46 | |||
PBXIX | 0.39 | (0.02) | 0.00 | (2.05) | 0.00 | 0.87 | 3.26 |