Consumer Staples Correlations

FDTGX Fund

USD 86.22 1.19 1.40%

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

Weak diversification

The correlation between Consumer Staples Portfolio and DJI is 0.39 (i.e., Weak 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

0.75	PG	Procter Gamble	Pair Corr
0.65	FARM	Farmer Bros	Pair Corr

Moving against Consumer Mutual Fund

0.42	GO	Grocery Outlet Holding Buyout Trend	Pair Corr
0.39	VINE	Fresh Grapes LLC Symbol Change	Pair Corr
0.39	VITL	Vital Farms	Pair Corr
0.32	DTCK	Davis Commodities	Pair Corr
0.4	XAGE	Longevity Health Hol Symbol Change	Pair Corr
0.31	ELF	ELF Beauty	Pair Corr

Related Correlations Analysis

	PIEFX	FHKFX	SFGIX	UUPIX	SAEMX	TEOJX	REMVX	EMDQX
PIEFX		0.99	0.96	0.91	0.95	0.94	0.94	0.9	PIEFX
FHKFX	0.99		0.97	0.9	0.95	0.93	0.93	0.88	FHKFX
SFGIX	0.96	0.97		0.92	0.93	0.92	0.93	0.9	SFGIX
UUPIX	0.91	0.9	0.92		0.88	0.94	0.94	0.86	UUPIX
SAEMX	0.95	0.95	0.93	0.88		0.96	0.96	0.85	SAEMX
TEOJX	0.94	0.93	0.92	0.94	0.96		0.99	0.88	TEOJX
REMVX	0.94	0.93	0.93	0.94	0.96	0.99		0.89	REMVX
EMDQX	0.9	0.88	0.9	0.86	0.85	0.88	0.89		EMDQX
	PIEFX	FHKFX	SFGIX	UUPIX	SAEMX	TEOJX	REMVX	EMDQX

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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	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PIEFX	0.96	0.11	0.09	0.20	1.16	(0.99)	2.06	(1.98)	6.94
FHKFX	0.81	0.09	0.08	0.18	1.00	(0.87)	1.94	(1.85)	5.94
SFGIX	0.50	0.06	0.08	0.17	0.68	(0.53)	1.09	(1.15)	4.18
UUPIX	2.28	0.22	0.07	(0.73)	2.83	(2.37)	4.92	(4.93)	14.16
SAEMX	0.58	0.04	0.05	0.33	0.78	(0.60)	1.17	(1.44)	3.59
TEOJX	0.77	0.09	0.09	6.01	0.92	(0.83)	1.54	(1.53)	5.83
REMVX	0.78	0.09	0.09	(0.99)	0.93	(0.84)	1.67	(1.56)	5.76
EMDQX	0.29	0.04	0.11	0.56	0.17	(0.43)	0.68	(0.45)	1.75

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