Foundry Partners Correlations

DRISX Fund

USD 17.24 0.40 2.27%

The current 90-days correlation between Foundry Partners Fun and Calvert Conservative Allocation is 0.37 (i.e., Weak 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 0.14 (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

1.0

DRSVX

Foundry Partners Fun

Pair Corr

Moving against Foundry Mutual Fund

0.67	ACSUX	Short Duration	Pair Corr
0.64	EILMX	Eaton Vance Amt	Pair Corr
0.47	PBAIX	Blackrock Tactical	Pair Corr
0.78	JMGIX	Jpmorgan Managed Income	Pair Corr
0.47	ETY	Eaton Vance Tax	Pair Corr
0.46	BNDAX	Total Return Bond	Pair Corr
0.43	AEPIX	Allspring Funds Trust	Pair Corr

Related Correlations Analysis

	CAARX	TFCAX	QDARX	DIFIX	FPTPX	PQCNX	MDBSX
CAARX		0.5	0.42	0.96	0.96	0.88	0.83	CAARX
TFCAX	0.5		0.9	0.49	0.5	0.41	0.5	TFCAX
QDARX	0.42	0.9		0.39	0.43	0.34	0.43	QDARX
DIFIX	0.96	0.49	0.39		0.91	0.96	0.87	DIFIX
FPTPX	0.96	0.5	0.43	0.91		0.81	0.81	FPTPX
PQCNX	0.88	0.41	0.34	0.96	0.81		0.83	PQCNX
MDBSX	0.83	0.5	0.43	0.87	0.81	0.83		MDBSX
	CAARX	TFCAX	QDARX	DIFIX	FPTPX	PQCNX	MDBSX

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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
CAARX	0.27	(0.02)	0.19	0.07	0.39	(0.28)	0.67	(0.55)	1.63
TFCAX	0.02	0.00	0.00	0.92	0.00	0.00	0.10	0.00	0.30
QDARX	0.08	0.04	1.13	3.56	0.00	(0.14)	0.25	(0.08)	0.49
DIFIX	0.25	(0.01)	0.19	0.11	0.34	(0.31)	0.58	(0.58)	1.50
FPTPX	0.32	(0.01)	0.14	0.08	0.51	(0.31)	0.67	(0.91)	2.10
PQCNX	0.24	(0.01)	0.26	(0.03)	0.26	(0.30)	0.58	(0.59)	1.43
MDBSX	0.23	0.03	0.42	(0.42)	0.09	(0.31)	0.75	(0.38)	1.38

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