Frost Low Correlations

Mutual Funds . USA . 
Fund . Frost Low Duration
FILDX Fund  USD 9.91  0.01  0.10%   
The current 90-days correlation between Frost Low Duration and Boston Partners Small is 0.23 (i.e., Modest diversification). The correlation of Frost Low 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 Low Correlation With Market

Significant diversification

The correlation between Frost Low Duration 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 Frost Low Duration 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 Low Duration. 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 unemployment.

Moving together with Frost Mutual Fund

  1.0FADLX Frost Low DurationPairCorr
  0.93FAJEX Frost Total ReturnPairCorr
  0.97FATRX Frost Total ReturnPairCorr
  0.95FCFIX Frost CreditPairCorr
  0.94FCFBX Fidelity Advisor FreedomPairCorr
  0.94FCFAX Frost CreditPairCorr
  0.97FIJEX Frost Total ReturnPairCorr
  0.98VBIRX Vanguard Short TermPairCorr
  0.96VFSUX Vanguard Short TermPairCorr
  0.99VFSIX Vanguard Short TermPairCorr
  0.99VFSTX Vanguard Short TermPairCorr
  0.99VBITX Vanguard Short TermPairCorr
  0.99VBISX Vanguard Short TermPairCorr
  0.94LALDX Lord Abbett ShortPairCorr
  1.0VSCSX Vanguard Short TermPairCorr
  0.96LDLAX Lord Abbett ShortPairCorr
  0.95LDLRX Lord Abbett ShortPairCorr
  0.87PFN Pimco Income StrategyPairCorr
  0.74XPPRX Voya Prime RatePairCorr
  0.83PCF Putnam High IncomePairCorr
  0.77HSXIX Hartford SchrodersPairCorr
  0.97FSUGX American Funds GovernmentPairCorr
  0.77TEDMX Templeton DevelopingPairCorr
  0.78NHILX Neuberger Berman HighPairCorr
  0.94SMCHX Alpssmith Total ReturnPairCorr
  0.95MFIRX Ms Global FixedPairCorr
  0.84FHKCX Fidelity China RegionPairCorr
  0.93PRAPX Pimco Total ReturnPairCorr
  0.64MIPIX Matthews Asia DividendPairCorr
  0.7PNMCX Prudential National MuniPairCorr

Moving against Frost Mutual Fund

  0.66FACEX Frost Growth EquityPairCorr
  0.65FICEX Frost Growth EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Frost Mutual Fund performing well and Frost Low 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 Low'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.

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