Frost Credit Correlations

Mutual Funds . USA . 
Fund . Frost Credit Fund
FCFAX Fund  USD 9.46  0.01  0.11%   
The current 90-days correlation between Frost Credit and John Hancock Funds is 0.08 (i.e., Significant diversification). The correlation of Frost Credit 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.

Frost Credit Correlation With Market

Weak diversification

The correlation between Frost Credit Fund and DJI is 0.33 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frost Credit Fund 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 Frost Credit Fund. 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 nation.

Moving together with FROST Mutual Fund

  0.88FADLX Frost Low DurationPairCorr
  0.96FAJEX Frost Total ReturnPairCorr
  0.96FATRX Frost Total ReturnPairCorr
  0.92FCFIX Frost CreditPairCorr
  0.92FCFBX Fidelity Advisor FreedomPairCorr
  0.97FIJEX Frost Total ReturnPairCorr
  0.94FILDX Frost Low DurationPairCorr
  0.96PONAX Pimco IncomePairCorr
  0.96PONCX Pimco IncomePairCorr
  0.9PIPNX Pimco IncomePairCorr
  0.96PONRX Pimco IncomePairCorr
  0.96PONPX Pimco Incme FundPairCorr
  0.9PIINX Pimco IncomePairCorr
  0.96PIMIX Pimco IncomePairCorr
  0.82LBNDX Lord Abbett BondPairCorr
  0.83FSTAX Fidelity Advisor StrPairCorr
  0.83FSRIX Fidelity Advisor StrPairCorr
  0.91BRUFX Bruce Fund BrucePairCorr
  0.77KF Korea ClosedPairCorr
  0.84FHKCX Fidelity China RegionPairCorr
  0.69GAB Gabelli Equity TrustPairCorr
  0.91ACIIX Equity IncomePairCorr
  0.98NEZYX Loomis Sayles StrategicPairCorr
  0.7VEMAX Vanguard Emerging MarketsPairCorr
  0.96SMCHX Alpssmith Total ReturnPairCorr
  0.83MINHX Mfs International ValuePairCorr
  0.79RDWGX American Funds DevelopingPairCorr
  0.78DMFZX Destinations MunicipalPairCorr
  0.83OSCIX Oppenheimer Intl SmallPairCorr
  0.83FPNTX Nuveen PennsylvaniaPairCorr
  0.91FITFX Fidelity Flex InternPairCorr
  0.94BRAMX Bats Series MPairCorr

Moving against FROST Mutual Fund

  0.42FACEX Frost Growth EquityPairCorr
  0.39FICEX Frost Growth EquityPairCorr
  0.54SPGSX State Street PremierPairCorr
  0.49WLATTX WlattxPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between FROST Mutual Fund performing well and Frost Credit 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 Frost Credit'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.

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