The Value Correlations

Mutual Funds . USA . 
Fund . The Value Fund
CFVLX Fund  USD 36.15  0.03  0.08%   
The current 90-days correlation between Value Fund and Cullen High Dividend is 0.94 (i.e., Almost no diversification). The correlation of The Value 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.

The Value Correlation With Market

Almost no diversification

The correlation between The Value Fund and DJI is 0.91 (i.e., Almost no diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Value Fund 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 The Value Fund. 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 bureau of economic analysis.

Moving together with The Mutual Fund

  0.99VVIAX Vanguard Value IndexPairCorr
  0.96DOXGX Dodge Cox StockPairCorr
  0.95AFMFX American MutualPairCorr
  0.95FFMMX American Funds AmericanPairCorr
  0.95FFFMX American Funds AmericanPairCorr
  0.95AMRMX American MutualPairCorr
  0.95AMFFX American MutualPairCorr
  0.94AMFCX American MutualPairCorr
  0.96DODGX Dodge Stock FundPairCorr
  0.99VIVAX Vanguard Value IndexPairCorr
  0.89SPGSX State Street PremierPairCorr
  0.61LIGYX Loomis Sayles InternPairCorr
  0.94MLMAX Global E PortfolioPairCorr
  0.91GAPIX Goldman Sachs EquityPairCorr
  0.97AMGIX Income GrowthPairCorr
  0.95AMEIX Equity GrowthPairCorr
  0.9SAGAX Ridgeworth InnovativePairCorr
  0.96VFIAX Vanguard 500 IndexPairCorr
  0.96VFINX Vanguard 500 IndexPairCorr
  0.96WWLAX Westwood Largecap ValuePairCorr

Moving against The Mutual Fund

  0.79KF Korea ClosedPairCorr
  0.62CFBNX Bond FundPairCorr
  0.31CFNLX National TaxPairCorr

Related Correlations Analysis

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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   
CFAGX
+ 0.97
CFGRX
CFAGX
+ 0.73
CHDEX
CFGRX
+ 0.71
CHDEX
CFBNX
+ 0.65
GLFOX
GLFOX
+ 0.06
CHDEX
  
High negative correlations   
CFBNX
- 0.77
CFGRX
CFBNX
- 0.7
CFAGX
GLFOX
- 0.4
CFGRX
CFBNX
- 0.39
CHDEX
GLFOX
- 0.32
CFAGX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Value 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 The Value'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.

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