The Fairholme Correlations
| FAIRX Fund | USD 30.55 0.44 1.42% |
The current 90-days correlation between The Fairholme and Prudential Short Term Porate is 0.22 (i.e., Modest diversification). The correlation of The Fairholme 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.
The Fairholme Correlation With Market
Very weak diversification
The correlation between The Fairholme Fund and DJI is 0.51 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Fairholme Fund and DJI in the same portfolio, assuming nothing else is changed.
The |
Moving together with The Mutual Fund
| 0.82 | FOCIX | Fairholme Focused | PairCorr |
| 0.72 | CIF | Mfs Intermediate High | PairCorr |
| 0.72 | RXRPX | American Funds Retirement | PairCorr |
| 0.77 | HWACX | Hotchkis Wiley Value | PairCorr |
| 0.72 | RNCIX | Rivernorth E Opportunity | PairCorr |
Moving against The Mutual Fund
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between The Mutual Fund performing well and The Fairholme 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 The Fairholme'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PSTQX | 0.11 | 0.02 | 0.54 | 0.62 | 0.00 | 0.29 | 0.67 | |||
| CDICX | 0.08 | 0.01 | 0.67 | 0.60 | 0.00 | 0.26 | 0.58 | |||
| GANPX | 0.06 | 0.00 | 0.42 | 0.03 | 0.00 | 0.10 | 0.48 | |||
| CMGUX | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.54 | |||
| VUBFX | 0.04 | 0.01 | 0.00 | (5.37) | 0.00 | 0.10 | 0.20 | |||
| BDMKX | 0.08 | 0.01 | 0.42 | 0.50 | 0.00 | 0.11 | 0.44 | |||
| AOUNX | 0.05 | 0.01 | 0.00 | 1.45 | 0.00 | 0.10 | 0.52 | |||
| BIIPX | 0.10 | 0.02 | 0.64 | 1.53 | 0.00 | 0.21 | 0.72 |