Industrials Portfolio Correlations

Mutual Funds . USA . 
Fund . Industrials Portfolio Industrials
FCYIX Fund  USD 46.18  0.24  0.52%   
The current 90-days correlation between Industrials Portfolio and Consumer Discretionary Portfolio is 0.69 (i.e., Poor diversification). The correlation of Industrials Portfolio 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.

Industrials Portfolio Correlation With Market

Very poor diversification

The correlation between Industrials Portfolio Industri and DJI is 0.86 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Industrials Portfolio Industri 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 Industrials Portfolio Industrials. 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 gross domestic product.

Moving together with Industrials Mutual Fund

  0.8B Barnes GroupPairCorr
  0.76G Genpact LimitedPairCorr
  0.81J Jacobs SolutionsPairCorr
  0.93R Ryder SystemPairCorr
  0.8AL Air LeasePairCorr
  0.83AZ A2Z Smart TechnologiesPairCorr
  0.85BR Broadridge FinancialPairCorr
  0.78BV BrightView HoldingsPairCorr
  0.65BW Babcock Wilcox EnterPairCorr
  0.88CR Crane CompanyPairCorr
  0.95CW Curtiss WrightPairCorr
  0.67DE Deere CompanyPairCorr
  0.96IR Ingersoll RandPairCorr
  0.79KC Kingsoft Cloud Holdings Tech BoostPairCorr
  0.79LZ LegalZoomPairCorr
  0.87NL NL IndustriesPairCorr
  0.79NX Quanex Building Products Fiscal Year End 12th of December 2024 PairCorr
  0.95OC Owens CorningPairCorr
  0.96PH Parker HannifinPairCorr
  0.68PL Planet Labs PBC Earnings Call This WeekPairCorr
  0.85SQ Block Inc Sell-off TrendPairCorr
  0.61TG TredegarPairCorr
  0.95TT Trane Technologies plcPairCorr

Moving against Industrials Mutual Fund

  0.72CP Canadian Pacific RailwayPairCorr
  0.69BA Boeing Fiscal Year End 29th of January 2025 PairCorr
  0.49MG Mistras GroupPairCorr
  0.81CODI-PA Compass DiversifiedPairCorr
  0.79RR Richtech Robotics ClassPairCorr
  0.76VCIG VCI Global Limited TrendingPairCorr
  0.69DLHC DLH Holdings Corp Earnings Call This WeekPairCorr
  0.67CODI-PB Compass DiversifiedPairCorr
  0.63ST Sensata TechnologiesPairCorr
  0.55SB Safe BulkersPairCorr
  0.41CODI-PC Compass DiversifiedPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Industrials Mutual Fund performing well and Industrials Portfolio 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 Industrials Portfolio'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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