Commerce Midcap Correlations

CFMVX Fund

23.27 0.16 0.68%

The current 90-days correlation between Commerce Midcap Value and Touchstone Large Cap is 0.93 (i.e., Almost no diversification). The correlation of Commerce Midcap 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.

Commerce Midcap Correlation With Market

Poor diversification

The correlation between Commerce Midcap Value and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Commerce Midcap Value 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 Commerce Midcap Value. 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 real.

Moving together with Commerce Mutual Fund

0.87	CFAGX	Midcap Growth	Pair Corr
0.71	CFGRX	Growth Fund	Pair Corr
0.84	CFVLX	Value Fund	Pair Corr
0.93	FLPKX	Fidelity Low Priced	Pair Corr
0.93	FLPSX	Fidelity Low Priced	Pair Corr
0.98	VMVAX	Vanguard Mid Cap	Pair Corr
0.62	JVMIX	John Hancock Disciplined	Pair Corr
0.98	VMVIX	Vanguard Mid Cap	Pair Corr
0.94	JMVZX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVRX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVQX	Jpmorgan Mid Cap	Pair Corr
0.94	JMVYX	Jpmorgan Mid Cap	Pair Corr

Moving against Commerce Mutual Fund

0.81	UIPIX	Ultrashort Mid Cap	Pair Corr
0.76	USPSX	Profunds Ultrashort	Pair Corr
0.76	USPIX	Profunds Ultrashort	Pair Corr

Related Correlations Analysis

	TACLX	PHTTX	LFLCX	CABIX	SMYIX	LMLRX	ANAGX	TADGX
TACLX		0.95	0.67	0.93	0.68	0.93	0.64	0.97	TACLX
PHTTX	0.95		0.7	0.97	0.72	0.97	0.66	0.94	PHTTX
LFLCX	0.67	0.7		0.69	0.03	0.55	0.92	0.58	LFLCX
CABIX	0.93	0.97	0.69		0.7	0.96	0.68	0.94	CABIX
SMYIX	0.68	0.72	0.03	0.7		0.83	0.02	0.77	SMYIX
LMLRX	0.93	0.97	0.55	0.96	0.83		0.52	0.96	LMLRX
ANAGX	0.64	0.66	0.92	0.68	0.02	0.52		0.52	ANAGX
TADGX	0.97	0.94	0.58	0.94	0.77	0.96	0.52		TADGX
	TACLX	PHTTX	LFLCX	CABIX	SMYIX	LMLRX	ANAGX	TADGX

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Risk-Adjusted Indicators

There is a big difference between Commerce Mutual Fund performing well and Commerce Midcap 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 Commerce Midcap'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
TACLX	0.65	0.01	0.00	(0.06)	0.00	0.00	1.26	(1.48)	3.10
PHTTX	0.35	0.00	0.00	(0.07)	0.00	0.00	0.67	(0.67)	1.95
LFLCX	0.18	0.01	0.31	0.08	0.15	(0.21)	0.43	(0.33)	0.98
CABIX	0.38	0.01	0.00	(0.05)	0.00	0.00	0.73	(0.80)	2.58
SMYIX	0.82	(0.04)	0.00	(0.11)	0.00	0.00	1.25	(1.72)	4.51
LMLRX	0.33	0.01	0.00	(0.05)	0.00	0.00	0.61	(0.69)	2.17
ANAGX	0.18	0.00	0.22	(0.03)	0.19	(0.27)	0.44	(0.44)	1.46
TADGX	0.62	0.02	0.00	(0.04)	0.00	0.00	1.06	(1.42)	3.18

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