Fpa Flexible Correlations

FFIAX Fund

USD 10.22 0.01 0.1%

The current 90-days correlation between Fpa Flexible Fixed and Blackrock Strategic Income is 0.62 (i.e., Poor diversification). The correlation of Fpa Flexible 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.

Fpa Flexible Correlation With Market

Significant diversification

The correlation between Fpa Flexible Fixed and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fpa Flexible Fixed 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 Fpa Flexible Fixed. 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 Fpa Mutual Fund

0.66	PTY	Pimco Corporate Income	Pair Corr
1.0	FPFIX	Fpa Flexible Fixed	Pair Corr
1.0	FPNRX	Fpa New Income	Pair Corr
1.0	FPNIX	Fpa New Income	Pair Corr
0.95	BSIKX	Blackrock Strategic	Pair Corr
0.94	BSICX	Blackrock Strategic Opps	Pair Corr
0.94	BASIX	Blackrock Strategic Opps	Pair Corr
0.95	BSIIX	Blackrock Strategic	Pair Corr
0.89	JSORX	Jpmorgan Strategic Income	Pair Corr
0.89	JSOZX	Jpmorgan Strategic Income	Pair Corr
0.85	JSOCX	Jpmorgan Strategic Income	Pair Corr
0.89	JSOSX	Jpmorgan Strategic Income	Pair Corr
0.88	JSOAX	Jpmorgan Strategic Income	Pair Corr
0.99	PMZCX	Pimco Mortgage Oppor	Pair Corr
0.71	FSMMX	Fs Multi Strategy	Pair Corr
0.93	BTMPX	Ishares Msci Eafe	Pair Corr
0.93	BTMKX	Blackrock International	Pair Corr
0.93	MDIIX	Blackrock Intern Index	Pair Corr
0.94	GIOIX	Guggenheim Macro Opp	Pair Corr
0.92	FFLQX	Franklin Federal Lim	Pair Corr
0.99	VSGDX	Vanguard Short Term	Pair Corr
0.94	LIRRX	Lord Abbett International	Pair Corr
0.96	EMBAX	Unconstrained Emerging	Pair Corr
0.76	SGDLX	Sprott Gold Equity	Pair Corr

Moving against Fpa Mutual Fund

0.51	QRVLX	Queens Road Value	Pair Corr
0.41	QRSVX	Queens Road Small	Pair Corr
0.4	QRSAX	Fpa Queens Road	Pair Corr
0.4	QRSIX	Fpa Queens Road	Pair Corr

Related Correlations Analysis

	BSIKX	BSICX	BASIX	BSIIX	JSOZX	JSOCX	JSOSX	JSOAX
BSIKX		1.0	1.0	1.0	0.86	0.83	0.86	0.84	BSIKX
BSICX	1.0		1.0	1.0	0.84	0.81	0.84	0.82	BSICX
BASIX	1.0	1.0		0.99	0.85	0.82	0.85	0.83	BASIX
BSIIX	1.0	1.0	0.99		0.86	0.83	0.86	0.84	BSIIX
JSOZX	0.86	0.84	0.85	0.86		0.99	0.99	0.99	JSOZX
JSOCX	0.83	0.81	0.82	0.83	0.99		0.99	0.99	JSOCX
JSOSX	0.86	0.84	0.85	0.86	0.99	0.99		0.99	JSOSX
JSOAX	0.84	0.82	0.83	0.84	0.99	0.99	0.99		JSOAX
	BSIKX	BSICX	BASIX	BSIIX	JSOZX	JSOCX	JSOSX	JSOAX

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Risk-Adjusted Indicators

There is a big difference between Fpa Mutual Fund performing well and Fpa Flexible 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 Fpa Flexible'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
BSIKX	0.12	0.01	0.46	0.25	0.00	(0.18)	0.32	(0.21)	0.73
BSICX	0.12	0.01	0.40	0.15	0.00	(0.20)	0.32	(0.21)	0.75
BASIX	0.12	0.01	0.43	0.17	0.00	(0.20)	0.32	(0.21)	0.75
BSIIX	0.13	0.01	0.37	0.16	0.03	(0.18)	0.32	(0.31)	0.94
JSOZX	0.03	0.01	0.00	(2.53)	0.00	0.00	0.09	0.00	0.18
JSOCX	0.04	0.01	0.00	(0.83)	0.00	0.00	0.09	(0.09)	0.18
JSOSX	0.04	0.01	0.79	(1.09)	0.00	(0.09)	0.09	(0.09)	0.18
JSOAX	0.04	0.01	0.00	(1.50)	0.00	0.00	0.09	(0.09)	0.18

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