Frost Growth Correlations

FICEX Fund

USD 15.72 0.16 1.03%

The current 90-days correlation between Frost Growth Equity and Frost Growth Equity is 1.0 (i.e., No risk reduction). The correlation of Frost Growth 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 Growth Correlation With Market

Good diversification

The correlation between Frost Growth Equity and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frost Growth Equity 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 Growth Equity. 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 income.

Moving together with Frost Mutual Fund

1.0

FACEX

Frost Growth Equity

Pair Corr

Moving against Frost Mutual Fund

0.61	FILDX	Frost Low Duration	Pair Corr
0.57	FCFBX	Fidelity Advisor Freedom	Pair Corr
0.56	FCFIX	Frost Credit	Pair Corr
0.53	FCFAX	Frost Credit	Pair Corr
0.46	AGTHX	Growth Fund	Pair Corr
0.45	FADLX	Frost Low Duration	Pair Corr
0.82	FLOCX	Power Floating Rate	Pair Corr
0.73	AMLPX	Maingate Mlp	Pair Corr
0.69	CMGSX	Blackrock Mid Cap	Pair Corr
0.67	ASBAX	Short Term Bond	Pair Corr
0.55	WAAEX	Wasatch Small Cap	Pair Corr
0.54	RYWWX	Inverse Emerging Markets	Pair Corr
0.54	CSQIX	Credit Suisse Multia	Pair Corr
0.52	CLM	Cornerstone Strategic	Pair Corr
0.5	MRHYX	Msift High Yield	Pair Corr
0.41	SGYAX	Siit High Yield	Pair Corr
0.35	FCSKX	Franklin Convertible	Pair Corr
0.81	CPRTX	Clarion Partners Real	Pair Corr
0.77	EIFAX	Eaton Vance Floating	Pair Corr
0.74	BGAFX	Baron Global Advantage	Pair Corr
0.7	CPOAX	Morgan Stanley Multi	Pair Corr

Related Correlations Analysis

	FACEX	FADLX	FAJEX	FATRX	FCFIX	FCFBX	FCFAX	FICEX	FIJEX	FILDX
FACEX		-0.46	0.18	0.14	-0.56	-0.57	-0.53	1.0	0.09	-0.61	FACEX
FADLX	-0.46		0.53	0.55	0.82	0.75	0.82	-0.45	0.48	0.87	FADLX
FAJEX	0.18	0.53		1.0	0.51	0.5	0.54	0.18	0.9	0.34	FAJEX
FATRX	0.14	0.55	1.0		0.54	0.54	0.58	0.15	0.91	0.38	FATRX
FCFIX	-0.56	0.82	0.51	0.54		0.9	0.99	-0.56	0.46	0.76	FCFIX
FCFBX	-0.57	0.75	0.5	0.54	0.9		0.91	-0.57	0.61	0.86	FCFBX
FCFAX	-0.53	0.82	0.54	0.58	0.99	0.91		-0.53	0.5	0.76	FCFAX
FICEX	1.0	-0.45	0.18	0.15	-0.56	-0.57	-0.53		0.09	-0.61	FICEX
FIJEX	0.09	0.48	0.9	0.91	0.46	0.61	0.5	0.09		0.49	FIJEX
FILDX	-0.61	0.87	0.34	0.38	0.76	0.86	0.76	-0.61	0.49		FILDX
	FACEX	FADLX	FAJEX	FATRX	FCFIX	FCFBX	FCFAX	FICEX	FIJEX	FILDX

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

FICEX	+ 1.0	FACEX
FATRX	+ 1.0	FAJEX
FCFAX	+ 0.99	FCFIX
FIJEX	+ 0.91	FATRX
FCFAX	+ 0.91	FCFBX
FIJEX	+ 0.9	FAJEX

High negative correlations

FILDX	- 0.61	FICEX
FILDX	- 0.61	FACEX
FICEX	- 0.57	FCFBX
FCFBX	- 0.57	FACEX
FICEX	- 0.56	FCFIX
FCFIX	- 0.56	FACEX

Risk-Adjusted Indicators

There is a big difference between Frost Mutual Fund performing well and Frost Growth 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 Growth'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
FACEX	1.10	(0.22)	0.00	0.48	0.00	0.00	1.56	(2.47)	20.43
FADLX	0.08	(0.01)	(0.16)	0.65	0.07	(0.15)	0.20	(0.20)	0.61
FAJEX	0.19	(0.03)	0.00	(1.06)	0.00	0.00	0.41	(0.41)	1.13
FATRX	0.18	(0.03)	0.00	(1.17)	0.00	0.00	0.41	(0.41)	0.93
FCFIX	0.12	0.00	(0.09)	0.00	0.09	(0.20)	0.21	(0.32)	1.07
FCFBX	0.13	0.00	(0.11)	0.00	0.08	(0.19)	0.32	(0.21)	1.07
FCFAX	0.12	0.00	(0.10)	(0.13)	0.11	(0.19)	0.32	(0.32)	1.07
FICEX	1.09	(0.21)	0.00	0.47	0.00	0.00	1.61	(2.48)	19.67
FIJEX	0.19	(0.03)	0.00	(0.40)	0.00	0.00	0.41	(0.41)	1.14
FILDX	0.09	(0.01)	(0.17)	(0.22)	0.08	(0.14)	0.20	(0.20)	0.61

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