Community Reinvestment Correlations

CRANX Fund

USD 9.50 0.01 0.11%

The current 90-days correlation between Community Reinvestment and Franklin Adjustable Government is 0.28 (i.e., Modest diversification). The correlation of Community Reinvestment 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.

Community Reinvestment Correlation With Market

Modest diversification

The correlation between Community Reinvestment Act and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Community Reinvestment Act 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 Community Reinvestment Act. 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 board of governors.

Moving together with Community Mutual Fund

0.99	CRATX	Community Reinvestment	Pair Corr
1.0	CRAIX	Community Reinvestment	Pair Corr
0.87	VBTLX	Vanguard Total Bond	Pair Corr
0.94	VBMFX	Vanguard Total Bond	Pair Corr
0.97	VBTIX	Vanguard Total Bond	Pair Corr
0.97	VTBSX	Vanguard Total Bond	Pair Corr
0.97	VTBIX	Vanguard Total Bond	Pair Corr
0.97	VTBNX	Vanguard Total Bond	Pair Corr
0.98	FBOFX	American Funds	Pair Corr
0.98	FFBOX	American Funds	Pair Corr
0.98	BFAFX	Bond Fund	Pair Corr
0.95	ABNDX	Bond Fund	Pair Corr
0.65	RRIGX	T Rowe Price	Pair Corr
0.93	DFXIX	Dfa Diversified Fixed	Pair Corr
0.61	STEYX	International Strategic	Pair Corr
0.7	HERAX	Hartford Emerging Markets	Pair Corr
0.7	EMQIX	Ashmore Emerging Markets	Pair Corr
0.64	RNOTX	Rivernorthoaktree High	Pair Corr
0.88	BATIX	Bmo Tch Porate	Pair Corr
0.82	EMBYX	Unconstrained Emerging	Pair Corr
0.91	WABIX	Wells Fargo Advantage	Pair Corr
0.7	VWEAX	Vanguard High Yield	Pair Corr
0.92	MIAKX	Mfs Inflation Adjusted	Pair Corr
0.73	CDHAX	Calvert Developed Market	Pair Corr
0.74	PYUSX	Payden Government	Pair Corr

Related Correlations Analysis

	FCSCX	JGIFX	ACASX	PBCAX	AUNTX	VSIGX	RYAQX	RGVAX
FCSCX		0.11	0.15	0.23	0.6	0.31	0.44	0.28	FCSCX
JGIFX	0.11		0.99	0.94	0.66	0.89	-0.79	0.97	JGIFX
ACASX	0.15	0.99		0.92	0.67	0.89	-0.75	0.98	ACASX
PBCAX	0.23	0.94	0.92		0.79	0.92	-0.72	0.93	PBCAX
AUNTX	0.6	0.66	0.67	0.79		0.75	-0.25	0.73	AUNTX
VSIGX	0.31	0.89	0.89	0.92	0.75		-0.69	0.9	VSIGX
RYAQX	0.44	-0.79	-0.75	-0.72	-0.25	-0.69		-0.66	RYAQX
RGVAX	0.28	0.97	0.98	0.93	0.73	0.9	-0.66		RGVAX
	FCSCX	JGIFX	ACASX	PBCAX	AUNTX	VSIGX	RYAQX	RGVAX

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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

ACASX	+ 0.99	JGIFX
RGVAX	+ 0.98	ACASX
RGVAX	+ 0.97	JGIFX
PBCAX	+ 0.94	JGIFX
RGVAX	+ 0.93	PBCAX
PBCAX	+ 0.92	ACASX

High negative correlations

RYAQX	- 0.79	JGIFX
RYAQX	- 0.75	ACASX
RYAQX	- 0.72	PBCAX
RYAQX	- 0.69	VSIGX
RGVAX	- 0.66	RYAQX
RYAQX	- 0.25	AUNTX

Risk-Adjusted Indicators

There is a big difference between Community Mutual Fund performing well and Community Reinvestment 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 Community Reinvestment'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
FCSCX	0.06	0.01	0.05	2.02	0.00	(0.21)	0.13	(0.13)	0.67
JGIFX	0.24	0.01	0.03	0.25	0.24	(0.28)	0.52	(0.52)	1.43
ACASX	0.28	0.02	0.04	0.23	0.27	(0.35)	0.66	(0.53)	1.87
PBCAX	0.11	0.00	0.00	0.12	0.10	(0.16)	0.30	(0.31)	0.92
AUNTX	0.12	0.01	0.01	0.36	0.10	(0.17)	0.28	(0.28)	1.03
VSIGX	0.20	0.01	0.04	(0.25)	0.14	(0.26)	0.46	(0.31)	1.28
RYAQX	0.60	0.01	0.01	0.18	0.81	(0.61)	1.21	(1.55)	3.10
RGVAX	0.25	0.02	0.05	0.26	0.22	(0.33)	0.60	(0.43)	1.72

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