Dividend Opportunities Correlations

Mutual Funds . USA . 
Fund . Dividend Opportunities Fund
FLDOX Fund  USD 13.09  0.02  0.15%   
The current 90-days correlation between Dividend Opportunities and Dynamic Growth Fund is 0.92 (i.e., Almost no diversification). The correlation of Dividend Opportunities 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.

Dividend Opportunities Correlation With Market

Very poor diversification

The correlation between Dividend Opportunities Fund and DJI is 0.8 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dividend Opportunities 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 Dividend Opportunities 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 persons.

Moving together with DIVIDEND Mutual Fund

  0.89SRUAX Spectrum Fund AdviserPairCorr
  0.89SRUIX Spectrum Fund InstitPairCorr
  0.88QNTAX Quantex Fund AdviserPairCorr
  0.88QNTIX Quantex Fund InstituPairCorr
  0.81IFAAX Infrastructure FundPairCorr
  0.81IFAIX Infrastructure FundPairCorr
  0.96BLNIX Balanced Fund InstitPairCorr
  0.96BLNAX Balanced Fund AdviserPairCorr
  0.81FLBDX Total Return BondPairCorr
  0.88FLCGX Quantex Fund RetailPairCorr
  0.92FLDGX Dynamic GrowthPairCorr
  0.96FLDFX Balanced Fund RetailPairCorr
  0.81FLFGX Global OpportunitiesPairCorr
  0.88FLMIX Muirfield Fund InstiPairCorr
  0.86FLMFX Muirfield Fund RetailPairCorr
  0.87FLMAX Muirfield Fund AdviserPairCorr
  0.77FLRUX Infrastructure FundPairCorr
  0.89FLSPX Spectrum Fund RetailPairCorr
  0.99DVOIX Dividend OpportunitiesPairCorr
  0.99DVOAX Dividend OpportunitiesPairCorr
  0.8BNDAX Total Return BondPairCorr
  0.8BNDIX Total Return BondPairCorr
  0.83GBPAX Global OpportunitiesPairCorr
  0.83GBPIX Global OpportunitiesPairCorr
  0.92DYGIX Dynamic GrowthPairCorr
  0.92DYGAX Dynamic GrowthPairCorr
  0.71VWINX Vanguard Wellesley IncomePairCorr
  0.72VWIAX Vanguard Wellesley IncomePairCorr
  0.81BKMIX Blackrock Multi AssetPairCorr
  0.89HBLTX Hartford BalancedPairCorr
  0.88HBLRX Hartford BalancedPairCorr
  0.89HBLSX Hartford BalancedPairCorr
  0.89HBLVX Hartford BalancedPairCorr
  0.89HBLYX Hartford BalancedPairCorr
  0.87HBLCX Hartford BalancedPairCorr
  0.89HBLIX Hartford BalancedPairCorr
  0.78VTSAX Vanguard Total StockPairCorr
  0.79VFIAX Vanguard 500 IndexPairCorr
  0.78VTSMX Vanguard Total StockPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between DIVIDEND Mutual Fund performing well and Dividend Opportunities 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 Dividend Opportunities' 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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