Crm Smallmid Correlations
| CRIAX Fund | USD 10.95 0.10 0.92% |
The current 90-days correlation between Crm Smallmid Cap and John Hancock Government is -0.07 (i.e., Good diversification). The correlation of Crm Smallmid 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.
Crm Smallmid Correlation With Market
Weak diversification
The correlation between Crm Smallmid Cap and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Crm Smallmid Cap and DJI in the same portfolio, assuming nothing else is changed.
Crm |
Moving together with Crm Mutual Fund
| 0.63 | CRIEX | Crm All Cap | PairCorr |
| 0.98 | CRISX | Crm Small Cap | PairCorr |
| 0.93 | CRIMX | Crm Mid Cap | PairCorr |
| 0.93 | CRMMX | Crm Mid Cap | PairCorr |
| 0.95 | CRMEX | Crm All Cap | PairCorr |
| 1.0 | CRMAX | Crm Smallmid Cap | PairCorr |
| 0.66 | CRMSX | Crm Small Cap | PairCorr |
Moving against Crm Mutual Fund
| 0.48 | UIPIX | Ultrashort Mid Cap | PairCorr |
| 0.34 | FTCAX | Templeton Strained Bond | PairCorr |
| 0.31 | HMEZX | Highland Merger Arbitrage | PairCorr |
Related Correlations Analysis
| 0.0 | 0.89 | 0.94 | 0.88 | 0.88 | 0.0 | JGIFX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | PBMXX | ||
| 0.89 | 0.0 | 0.82 | 0.98 | 0.98 | 0.0 | DNCGX | ||
| 0.94 | 0.0 | 0.82 | 0.82 | 0.82 | 0.0 | SMAAX | ||
| 0.88 | 0.0 | 0.98 | 0.82 | 1.0 | 0.0 | CGTCX | ||
| 0.88 | 0.0 | 0.98 | 0.82 | 1.0 | 0.0 | RGVAX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | WABXX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Crm Mutual Fund performing well and Crm Smallmid 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 Crm Smallmid'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JGIFX | 0.24 | 0.01 | 0.11 | (0.25) | 0.23 | 0.52 | 1.43 | |||
| PBMXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DNCGX | 0.22 | 0.02 | 0.16 | 0.32 | 0.16 | 0.48 | 1.21 | |||
| SMAAX | 0.13 | 0.00 | 0.09 | (0.20) | 0.18 | 0.30 | 1.09 | |||
| CGTCX | 0.25 | 0.03 | 0.17 | 0.28 | 0.20 | 0.60 | 1.64 | |||
| RGVAX | 0.26 | 0.03 | 0.16 | 0.31 | 0.20 | 0.60 | 1.72 | |||
| WABXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |