Cajxx Correlations

CAJXX Fund

1.00 3.40 77.27%

The current 90-days correlation between Cajxx and American Mutual Fund is 0.17 (i.e., Average diversification). The correlation of Cajxx 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.

Cajxx Correlation With Market

Good diversification

The correlation between Cajxx and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cajxx 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 Cajxx. Also, note that the market value of any money market fund could be closely tied with the direction of predictive economic indicators such as signals in interest.

Moving together with Cajxx Money Market Fund

0.65

NHS

Neuberger Berman High

Pair Corr

Moving against Cajxx Money Market Fund

0.84	RFXIX	Rational Special Sit	Pair Corr
0.83	MLPGX	Oppenheimer Steelpath Mlp	Pair Corr
0.8	TPZ	Tortoise Capital Series	Pair Corr
0.79	HAGAX	Eagle Mid Cap	Pair Corr
0.77	WUSRX	Wells Fargo Ultra	Pair Corr
0.75	AFOZX	Alger Funds Mid	Pair Corr
0.75	CFSIX	Touchstone Sands Capital	Pair Corr
0.74	VTSMX	Vanguard Total Stock	Pair Corr
0.74	VITSX	Vanguard Total Stock	Pair Corr
0.74	VSTSX	Vanguard Total Stock	Pair Corr
0.74	VSMPX	Vanguard Total Stock	Pair Corr
0.73	VTSAX	Vanguard Total Stock	Pair Corr
0.73	PSDSX	Palmer Square Ultra	Pair Corr
0.72	ETCEX	Eventide Exponential	Pair Corr
0.71	VFFSX	Vanguard 500 Index	Pair Corr
0.71	DTGRX	Dreyfus Technology Growth	Pair Corr
0.71	AFRFX	Invesco Floating Rate	Pair Corr
0.71	PHSKX	Virtus Kar Mid	Pair Corr
0.7	MBCZX	Massmutual Select Blue	Pair Corr
0.67	VFIAX	Vanguard 500 Index	Pair Corr
0.66	VFINX	Vanguard 500 Index	Pair Corr
0.65	AULDX	Ultra Fund R6	Pair Corr
0.65	HGOSX	Hartford Growth	Pair Corr
0.65	HGOVX	Hartford Growth	Pair Corr
0.65	DSHZX	Brinker Capital Dest	Pair Corr
0.63	PAGRX	Aggressive Growth Steady Growth	Pair Corr
0.84	FCSKX	Franklin Vertible	Pair Corr
0.8	URUSX	Ultra Short Term	Pair Corr
0.79	CSCRX	Columbia Small Cap	Pair Corr
0.79	APSHX	Pinnacle Sherman Multi	Pair Corr
0.79	MLXIX	Catalyst Mlp Infrast Steady Growth	Pair Corr
0.78	FRSGX	Franklin Small Mid	Pair Corr
0.77	LMOFX	Miller Opportunity Trust	Pair Corr
0.77	ASIUX	Multi Asset Real	Pair Corr
0.76	CSHIX	Credit Suisse Floating	Pair Corr

Related Correlations Analysis

	AMFFX	LGPIX	TWQZX	DOXGX	MTCGX	FIOOX	JDVNX
AMFFX		-0.23	0.79	0.89	0.01	0.82	0.86	AMFFX
LGPIX	-0.23		0.19	0.07	0.85	-0.11	-0.11	LGPIX
TWQZX	0.79	0.19		0.94	0.4	0.86	0.85	TWQZX
DOXGX	0.89	0.07	0.94		0.27	0.86	0.92	DOXGX
MTCGX	0.01	0.85	0.4	0.27		0.2	0.14	MTCGX
FIOOX	0.82	-0.11	0.86	0.86	0.2		0.82	FIOOX
JDVNX	0.86	-0.11	0.85	0.92	0.14	0.82		JDVNX
	AMFFX	LGPIX	TWQZX	DOXGX	MTCGX	FIOOX	JDVNX

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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

DOXGX	+ 0.94	TWQZX
JDVNX	+ 0.92	DOXGX
DOXGX	+ 0.89	AMFFX
JDVNX	+ 0.86	AMFFX
FIOOX	+ 0.86	TWQZX
FIOOX	+ 0.86	DOXGX

High negative correlations

LGPIX	- 0.23	AMFFX
JDVNX	- 0.11	LGPIX
FIOOX	- 0.11	LGPIX

Risk-Adjusted Indicators

There is a big difference between Cajxx Money Market Fund performing well and Cajxx 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 Cajxx'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
AMFFX	0.52	(0.08)	0.00	(3.23)	0.00	0.00	0.83	(0.86)	6.99
LGPIX	0.69	0.14	0.09	(6.86)	0.89	(0.67)	1.55	(1.54)	5.87
TWQZX	0.50	(0.03)	0.00	(0.42)	0.00	0.00	1.16	(0.71)	5.29
DOXGX	0.60	(0.07)	0.00	11.26	0.00	0.00	0.94	(0.93)	10.51
MTCGX	0.81	0.06	0.03	0.70	1.15	(0.75)	1.58	(2.12)	5.71
FIOOX	0.57	(0.05)	0.00	(0.24)	0.00	0.00	1.14	(0.76)	5.89
JDVNX	0.72	(0.18)	0.00	(1.40)	0.00	0.00	1.12	(0.98)	15.37

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