Consumer Staples Correlations

FDAGX Fund

USD 87.71 0.31 0.35%

The current 90-days correlation between Consumer Staples Por and Vanguard Sumer Staples is 0.54 (i.e., Very weak diversification). The correlation of Consumer Staples 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.

Consumer Staples Correlation With Market

Significant diversification

The correlation between Consumer Staples Portfolio and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Consumer Staples Portfolio 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 Consumer Staples Portfolio. 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 price.

Moving together with Consumer Mutual Fund

0.71	BG	Bunge Limited	Pair Corr
0.74	CL	Colgate Palmolive Fiscal Year End 24th of January 2025	Pair Corr
0.61	KO	Coca Cola Fiscal Year End 11th of February 2025	Pair Corr
0.71	UL	Unilever PLC ADR	Pair Corr
0.62	BRBMF	Big Rock Brewery	Pair Corr
0.76	ACU	Acme United	Pair Corr
0.68	ADM	Archer Daniels Midland	Pair Corr

Moving against Consumer Mutual Fund

0.49	KR	Kroger Company	Pair Corr
0.49	EDBL	Edible Garden AG	Pair Corr
0.46	K	Kellanova	Pair Corr
0.44	EAST	Eastside Distilling	Pair Corr
0.32	TR	Tootsie Roll Industries	Pair Corr
0.67	AVO	Mission Produce	Pair Corr
0.52	ACI	Albertsons Companies Earnings Call This Week	Pair Corr
0.41	WTER	Alkaline Water	Pair Corr
0.39	WILC	G Willi Food	Pair Corr

Related Correlations Analysis

	VCSAX	FDFAX	FDCGX	FDAGX	FDTGX	FDIGX	FIJCX	RYCAX	RYCPX	RYCIX
VCSAX		0.6	0.59	0.6	0.59	0.6	0.6	0.43	0.38	0.46	VCSAX
FDFAX	0.6		1.0	1.0	1.0	1.0	1.0	0.76	0.73	0.78	FDFAX
FDCGX	0.59	1.0		1.0	1.0	1.0	1.0	0.76	0.74	0.78	FDCGX
FDAGX	0.6	1.0	1.0		1.0	1.0	1.0	0.76	0.74	0.78	FDAGX
FDTGX	0.59	1.0	1.0	1.0		1.0	1.0	0.76	0.74	0.78	FDTGX
FDIGX	0.6	1.0	1.0	1.0	1.0		1.0	0.76	0.73	0.78	FDIGX
FIJCX	0.6	1.0	1.0	1.0	1.0	1.0		0.76	0.73	0.78	FIJCX
RYCAX	0.43	0.76	0.76	0.76	0.76	0.76	0.76		1.0	1.0	RYCAX
RYCPX	0.38	0.73	0.74	0.74	0.74	0.73	0.73	1.0		0.99	RYCPX
RYCIX	0.46	0.78	0.78	0.78	0.78	0.78	0.78	1.0	0.99		RYCIX
	VCSAX	FDFAX	FDCGX	FDAGX	FDTGX	FDIGX	FIJCX	RYCAX	RYCPX	RYCIX

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Risk-Adjusted Indicators

There is a big difference between Consumer Mutual Fund performing well and Consumer Staples 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 Consumer Staples' 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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
VCSAX	0.49	(0.06)	(0.34)	0.86	(1.04)	3.53
FDFAX	0.62	(0.20)	(2.11)	0.81	(1.47)	6.83
FDCGX	0.62	(0.20)	(2.17)	0.81	(1.48)	6.83
FDAGX	0.62	(0.20)	(2.14)	0.81	(1.47)	6.83
FDTGX	0.62	(0.20)	(2.10)	0.81	(1.48)	6.85
FDIGX	0.62	(0.20)	(2.11)	0.81	(1.48)	6.84
FIJCX	0.62	(0.20)	(2.11)	0.81	(1.48)	6.88
RYCAX	0.57	(0.21)	(1.06)	0.75	(1.06)	8.11
RYCPX	0.62	(0.25)	(1.18)	0.74	(1.07)	10.54
RYCIX	0.54	(0.19)	(0.98)	0.74	(1.06)	6.52

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