Foundry Partners Correlations

DRISX Fund

USD 17.34 0.38 2.24%

The current 90-days correlation between Foundry Partners Fun and Legg Mason Global is 0.29 (i.e., Modest diversification). The correlation of Foundry Partners 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.

Foundry Partners Correlation With Market

Average diversification

The correlation between Foundry Partners Fundamental and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Foundry Partners Fundamental and DJI in the same portfolio, assuming nothing else is changed.

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Foundry Partners Fundamental. 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 state.

Moving together with Foundry Mutual Fund

0.92	DRSVX	Foundry Partners Fun	Pair Corr
0.65	AVFIX	American Beacon Small	Pair Corr
0.71	SMPIX	Semiconductor Ultrasector	Pair Corr
0.77	SMPSX	Semiconductor Ultrasector	Pair Corr

Moving against Foundry Mutual Fund

0.71	UTF	Cohen And Steers	Pair Corr
0.66	VSGDX	Vanguard Short Term	Pair Corr
0.64	EPDPX	Europac International	Pair Corr
0.63	EBSIX	Campbell Systematic Macro	Pair Corr
0.55	EMO	Clearbridge Energy Mlp	Pair Corr
0.54	SGDLX	Sprott Gold Equity	Pair Corr
0.54	MEERX	Massmutual Premier	Pair Corr
0.52	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.52	RIGEX	International Growth And	Pair Corr
0.51	OSPPX	Oppenheimer Steelpath Mlp	Pair Corr
0.51	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.46	VICSX	Vanguard Intermediate-ter	Pair Corr
0.43	DBIWX	Dws Global Macro	Pair Corr
0.42	LSHEX	Kinetics Spin Off	Pair Corr
0.37	RNCIX	Rivernorth E Opportunity	Pair Corr
0.36	TIMUX	Transamerica Intermediate	Pair Corr
0.71	PSDNX	Putnam Ultra Short	Pair Corr
0.69	DLDFX	Destinations Low Duration	Pair Corr
0.68	VTAPX	Vanguard Short Term	Pair Corr
0.67	FFLQX	Franklin Federal Lim	Pair Corr
0.65	ARBOX	Absolute Convertible	Pair Corr
0.65	GIOIX	Guggenheim Macro Opp	Pair Corr
0.61	ABNOX	Ab Bond Inflation	Pair Corr
0.61	PUCAX	Prudential Unconstrained	Pair Corr

Related Correlations Analysis

	LFLCX	DHGCX	XEHIX	GMLVX	RGELX	GARGX	TEDIX
LFLCX		0.87	0.13	0.77	-0.05	0.72	0.89	LFLCX
DHGCX	0.87		0.35	0.63	0.04	0.76	0.74	DHGCX
XEHIX	0.13	0.35		0.11	0.62	0.32	0.23	XEHIX
GMLVX	0.77	0.63	0.11		0.08	0.64	0.79	GMLVX
RGELX	-0.05	0.04	0.62	0.08		0.38	0.01	RGELX
GARGX	0.72	0.76	0.32	0.64	0.38		0.65	GARGX
TEDIX	0.89	0.74	0.23	0.79	0.01	0.65		TEDIX
	LFLCX	DHGCX	XEHIX	GMLVX	RGELX	GARGX	TEDIX

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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

TEDIX	+ 0.89	LFLCX
DHGCX	+ 0.87	LFLCX
TEDIX	+ 0.79	GMLVX
GMLVX	+ 0.77	LFLCX
GARGX	+ 0.76	DHGCX
TEDIX	+ 0.74	DHGCX

High negative correlations

RGELX

- 0.05

LFLCX

Risk-Adjusted Indicators

There is a big difference between Foundry Mutual Fund performing well and Foundry Partners 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 Foundry Partners' 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
LFLCX	0.18	0.01	0.03	(0.37)	0.14	(0.21)	0.43	(0.33)	0.98
DHGCX	0.18	(0.01)	0.00	0.54	0.00	0.00	0.36	(0.36)	1.46
XEHIX	0.22	(0.05)	0.00	0.91	0.00	0.00	0.43	(0.72)	1.74
GMLVX	0.70	0.03	0.03	0.07	0.90	(0.76)	1.57	(1.62)	5.51
RGELX	0.74	(0.08)	0.00	0.31	0.00	0.00	1.34	(1.89)	4.27
GARGX	0.80	(0.01)	0.00	(0.02)	0.00	0.00	1.48	(1.79)	4.42
TEDIX	0.65	0.00	0.00	0.00	1.60	(0.57)	1.01	(1.47)	7.35

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