Evaluator Conservative Correlations

EVFCX Fund

USD 9.67 0.04 0.41%

The current 90-days correlation between Evaluator Conservative and Great West Goldman Sachs is -0.1 (i.e., Good diversification). The correlation of Evaluator Conservative 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.

Evaluator Conservative Correlation With Market

Good diversification

The correlation between Evaluator Conservative Rms and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Evaluator Conservative Rms 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 Evaluator Conservative Rms. 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 main economic indicators.

Moving together with Evaluator Mutual Fund

0.63	EVAGX	Evaluator Aggressive Rms	Pair Corr
0.87	EVFTX	Evaluator Tactically	Pair Corr
0.74	EVFMX	Evaluator Moderate Rms	Pair Corr
0.62	EVFGX	Evaluator Aggressive Rms	Pair Corr
0.75	EVMLX	Evaluator Moderate Rms	Pair Corr
0.89	EVTTX	Evaluator Tactically	Pair Corr
0.75	EVVLX	Evaluator Very Conse	Pair Corr
0.78	EVVCX	Evaluator Very Conse	Pair Corr
0.94	FASIX	Fidelity Asset Manager	Pair Corr
0.95	FTIWX	Fidelity Asset Manager	Pair Corr
0.96	FTDWX	Fidelity Asset Manager	Pair Corr
0.95	FTAWX	Fidelity Asset Manager	Pair Corr
0.95	FIKVX	Fidelity Asset Manager	Pair Corr
0.97	FTCWX	Fidelity Asset Manager	Pair Corr
0.8	VASIX	Vanguard Lifestrategy	Pair Corr
0.95	PFIPX	Strategic Asset Mana	Pair Corr
0.76	FAHPX	Fahpx	Pair Corr
0.7	MYN	Blackrock Muniyield New	Pair Corr
0.76	VWVUX	Tomorrows Scholar College	Pair Corr
0.79	RNHIX	Rivernorthoaktree High	Pair Corr
0.66	PHYQX	Prudential High Yield	Pair Corr
0.65	NRIQX	Neuberger Berman Int	Pair Corr
0.66	PFO	Flaherty Crumrine	Pair Corr

Moving against Evaluator Mutual Fund

0.74

TCHTX

Cleartrack 2020 Class

Pair Corr

Related Correlations Analysis

	MXKJX	SGDLX	FGDIX	FEGOX	XGGNX	USERX	SGDIX	FRGOX
MXKJX		-0.44	-0.47	-0.62	-0.61	-0.46	-0.44	-0.47	MXKJX
SGDLX	-0.44		0.97	0.62	0.58	1.0	1.0	0.97	SGDLX
FGDIX	-0.47	0.97		0.61	0.53	0.97	0.97	1.0	FGDIX
FEGOX	-0.62	0.62	0.61		0.95	0.64	0.62	0.62	FEGOX
XGGNX	-0.61	0.58	0.53	0.95		0.59	0.58	0.55	XGGNX
USERX	-0.46	1.0	0.97	0.64	0.59		1.0	0.98	USERX
SGDIX	-0.44	1.0	0.97	0.62	0.58	1.0		0.97	SGDIX
FRGOX	-0.47	0.97	1.0	0.62	0.55	0.98	0.97		FRGOX
	MXKJX	SGDLX	FGDIX	FEGOX	XGGNX	USERX	SGDIX	FRGOX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

USERX	+ 1.0	SGDLX
SGDIX	+ 1.0	SGDLX
FRGOX	+ 1.0	FGDIX
SGDIX	+ 1.0	USERX
FRGOX	+ 0.98	USERX
FGDIX	+ 0.97	SGDLX

High negative correlations

FEGOX	- 0.62	MXKJX
XGGNX	- 0.61	MXKJX
FRGOX	- 0.47	MXKJX
FGDIX	- 0.47	MXKJX
USERX	- 0.46	MXKJX
SGDIX	- 0.44	MXKJX

Risk-Adjusted Indicators

There is a big difference between Evaluator Mutual Fund performing well and Evaluator Conservative 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 Evaluator Conservative'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
MXKJX	1.09	(0.06)	0.00	(0.09)	0.00	0.00	1.50	(1.91)	26.05
SGDLX	1.24	0.27	0.16	(2.42)	1.37	(1.33)	3.01	(2.88)	7.21
FGDIX	1.19	0.41	0.28	0.89	1.05	(1.41)	3.15	(2.54)	6.82
FEGOX	1.10	0.39	0.28	(2.90)	0.97	(1.26)	2.28	(2.16)	6.31
XGGNX	0.56	0.18	0.26	5.69	0.35	(0.72)	1.44	(0.74)	3.21
USERX	1.30	0.34	0.20	(2.01)	1.31	(1.49)	3.23	(2.98)	7.07
SGDIX	1.24	0.27	0.16	(2.46)	1.39	(1.31)	3.01	(2.89)	7.24
FRGOX	1.17	0.48	0.34	0.87	0.85	(1.37)	3.38	(2.00)	6.89

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC