Congress Large Correlations

CMLIX Fund

USD 44.23 0.04 0.09%

The current 90-days correlation between Congress Large Cap and Us Government Securities is -0.02 (i.e., Good diversification). The correlation of Congress Large 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.

Congress Large Correlation With Market

Poor diversification

The correlation between Congress Large Cap and DJI is 0.69 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Congress Large Cap 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 Congress Large Cap. 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 gross domestic product.

Moving together with Congress Mutual Fund

0.71	IMIDX	Congress Mid Cap	Pair Corr
0.71	CMIDX	Congress Mid Cap	Pair Corr
1.0	CAMLX	Congress Large Cap	Pair Corr
0.89	CSMCX	Century Small Cap	Pair Corr
0.97	CSMVX	Century Small Cap	Pair Corr
0.84	AGTHX	Growth Fund	Pair Corr
0.74	ASG	Liberty All Star	Pair Corr
0.87	CII	Blackrock Enhanced	Pair Corr
0.82	ETV	Eaton Vance Tax	Pair Corr
0.86	CLM	Cornerstone Strategic Potential Growth	Pair Corr
0.78	CRF	Cornerstone Strategic	Pair Corr
0.88	USA	Liberty All Star	Pair Corr
0.75	ETY	Eaton Vance Tax	Pair Corr
0.84	NFJ	Virtus Dividend Interest	Pair Corr

Moving against Congress Mutual Fund

0.62	FTIAX	Federated Short Term	Pair Corr
0.54	PISDX	Columbia Pyrford Int	Pair Corr
0.53	SBICX	Clearbridge International	Pair Corr
0.49	CFICX	Calvert Income	Pair Corr
0.47	TIHIX	Transamerica International	Pair Corr
0.74	KGIIX	Kopernik International	Pair Corr
0.68	ERGOX	Eaton Vance Government	Pair Corr

Related Correlations Analysis

	CGTCX	GSOIX	LOISX	DCCGX	ATOAX	AUNTX
CGTCX		0.96	0.8	0.97	0.8	0.71	CGTCX
GSOIX	0.96		0.86	0.95	0.79	0.75	GSOIX
LOISX	0.8	0.86		0.84	0.71	0.91	LOISX
DCCGX	0.97	0.95	0.84		0.74	0.78	DCCGX
ATOAX	0.8	0.79	0.71	0.74		0.77	ATOAX
AUNTX	0.71	0.75	0.91	0.78	0.77		AUNTX
	CGTCX	GSOIX	LOISX	DCCGX	ATOAX	AUNTX

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Risk-Adjusted Indicators

There is a big difference between Congress Mutual Fund performing well and Congress Large 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 Congress Large'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
CGTCX	0.25	0.03	0.27	0.53	0.23	(0.29)	0.61	(0.43)	1.56
GSOIX	0.24	0.01	0.27	(0.22)	0.22	(0.28)	0.62	(0.46)	1.42
LOISX	0.14	(0.01)	0.00	0.67	0.00	0.00	0.29	(0.39)	0.88
DCCGX	0.20	0.01	0.31	0.43	0.17	(0.25)	0.41	(0.40)	1.23
ATOAX	0.02	0.00	0.00	(0.07)	0.00	0.00	0.00	0.00	0.30
AUNTX	0.12	0.00	0.23	0.00	0.16	(0.18)	0.28	(0.28)	0.76

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