Community Reinvestment Correlations

Mutual Funds . USA . 
Fund . Community Reinvestment Act
CRATX Fund  USD 9.47  0.01  0.11%   
The current 90-days correlation between Community Reinvestment and Amg Managers Doubleline is 0.94 (i.e., Almost no 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

Significant diversification

The correlation between Community Reinvestment Act and DJI is 0.06 (i.e., Significant 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 estimate.

Moving together with Community Mutual Fund

  1.0CRANX Community ReinvestmentPairCorr
  1.0CRAIX Community ReinvestmentPairCorr
  0.96VBTLX Vanguard Total BondPairCorr
  0.96VBMFX Vanguard Total BondPairCorr
  0.99VBTIX Vanguard Total BondPairCorr
  0.99VTBSX Vanguard Total BondPairCorr
  0.99VTBIX Vanguard Total BondPairCorr
  0.99VTBNX Vanguard Total BondPairCorr
  0.99FBOFX American FundsPairCorr
  0.99FFBOX American FundsPairCorr
  0.99BFAFX Bond FundPairCorr
  0.99ABNDX Bond FundPairCorr
  0.85NHS Neuberger Berman HighPairCorr
  0.96CLDRX Columbia Limited DurationPairCorr
  0.89PFO Flaherty CrumrinePairCorr
  0.83PHYQX Prudential High YieldPairCorr
  0.9RMDRX American Funds MultiPairCorr
  0.91NWHLX Nationwide BailardPairCorr
  0.84VWTAX Tomorrows Scholar CollegePairCorr
  0.67TRIZX T Rowe PricePairCorr
  0.77PIPTX Virtus Kar GlobalPairCorr
  0.77GGICX Goldman Sachs GlobalPairCorr
  0.82ASXDX Short Duration StrategicPairCorr
  0.71FJAVX Fidelity Freedom BlendPairCorr
  0.92VEDIX Vanguard ExtendedPairCorr
  0.64FWIRX Nuveen Wisconsin MunPairCorr
  0.9CBUDX Crossingbridge Ultra-shortPairCorr
  0.99USGNX Government SecuritiesPairCorr
  0.73MXKVX Great West ServativePairCorr
  0.96THCAX Thornburg Core PlusPairCorr
  0.78PIIMX International EmergingPairCorr

Moving against Community Mutual Fund

  0.47COSRX Columbia OverseasPairCorr
  0.37MCSVX Mainstay VertiblePairCorr

Related Correlations Analysis

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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.

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