Financial Industries Correlations

FIDCX Fund

USD 15.49 0.03 0.19%

The current 90-days correlation between Financial Industries and Doubleline Global Bond is 0.22 (i.e., Modest diversification). The correlation of Financial Industries 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.

Financial Industries Correlation With Market

Very weak diversification

The correlation between Financial Industries Fund and DJI is 0.42 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Financial Industries Fund 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 Financial Industries Fund. 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 main economic indicators.

Moving together with Financial Mutual Fund

0.99	FRBAX	Regional Bank	Pair Corr
0.99	FRBCX	Regional Bank	Pair Corr
0.76	JQLAX	Multimanager Lifestyle	Pair Corr
0.61	JQLGX	Multimanager Lifestyle	Pair Corr
0.99	JRBFX	Regional Bank	Pair Corr
0.7	JRETX	J Hancock Ii	Pair Corr
0.99	JRGRX	Regional Bank	Pair Corr
0.71	JROUX	J Hancock Ii	Pair Corr
0.76	JAAFX	Jhancock Multi Index	Pair Corr
0.76	JAAJX	Jhancock Multi Index	Pair Corr
0.76	JAAKX	Jhancock Multi Index	Pair Corr
0.66	JRTGX	Retirement Living Through	Pair Corr
0.75	JAAVX	Jhancock Multimanager	Pair Corr

Related Correlations Analysis

	DBLGX	RPGIX	EQTYX	DHGCX	MFIRX	SMYIX
DBLGX		0.54	0.85	0.83	0.37	0.82	DBLGX
RPGIX	0.54		0.76	0.49	0.6	0.78	RPGIX
EQTYX	0.85	0.76		0.75	0.51	0.87	EQTYX
DHGCX	0.83	0.49	0.75		0.53	0.67	DHGCX
MFIRX	0.37	0.6	0.51	0.53		0.3	MFIRX
SMYIX	0.82	0.78	0.87	0.67	0.3		SMYIX
	DBLGX	RPGIX	EQTYX	DHGCX	MFIRX	SMYIX

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Risk-Adjusted Indicators

There is a big difference between Financial Mutual Fund performing well and Financial Industries 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 Financial Industries' 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
DBLGX	0.25	0.01	0.02	0.11	0.20	(0.36)	0.62	(0.36)	1.45
RPGIX	0.67	0.01	0.01	0.02	0.89	(0.79)	1.49	(1.46)	4.29
EQTYX	0.45	0.02	0.01	(0.98)	0.62	(0.51)	0.79	(0.87)	3.16
DHGCX	0.16	0.01	0.03	(0.77)	0.09	(0.22)	0.37	(0.36)	1.10
MFIRX	0.11	0.03	0.08	0.62	0.00	(0.21)	0.19	(0.19)	0.76
SMYIX	0.65	(0.01)	(0.01)	(0.01)	1.08	(0.59)	1.07	(1.61)	4.20

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Financial Industries Correlations

Financial Industries Correlation With Market

Very weak diversification

Moving together with Financial Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

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