Forum Funds Correlations

Mutual Funds USA . 
Fund . Forum Funds
FLXIX Fund  USD 10.34  0.02  0.19%   
The current 90-days correlation between Forum Funds and Needham Aggressive Growth is 0.13 (i.e., Average diversification). The correlation of Forum Funds 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.

Forum Funds Correlation With Market

Average diversification

The correlation between Forum Funds and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Forum Funds 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 Forum Funds . 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 gross domestic product.

Moving together with Forum Mutual Fund

  0.88FCSZX Franklin ConvertiblePairCorr
  0.88FCSKX Franklin ConvertiblePairCorr
  0.88FISCX Franklin VertiblePairCorr
  0.88FROTX Franklin VertiblePairCorr
  0.85ANZCX Allianzgi ConvertiblePairCorr
  0.85ANZAX Allianzgi VertiblePairCorr
  0.86ANNPX Allianzgi VertiblePairCorr
  0.85VAADX Virtus ConvertiblePairCorr
  0.88FCVSX Fidelity ConvertiblePairCorr
  0.63PYARX Payden Absolute ReturnPairCorr
  0.69BCAAX Brandywineglobal CPairCorr
  0.77VWELX Vanguard WellingtonPairCorr
  0.75MXFEX Mainstay Floating RatePairCorr
  0.7VIGAX Vanguard Growth IndexPairCorr
  0.64POGAX Putnam Growth OpportPairCorr
  0.84HSTIX Stock Index FundPairCorr
  0.83BFIUX Baron FintechPairCorr
  0.74TORTX Tortoise Mlp PipelinePairCorr
  0.69FFRHX Fidelity Advisor FloatingPairCorr
  0.71JUCIX Janus Global UnconstPairCorr
  0.83CGRIX Calamos GrowthPairCorr
  0.66EMPIX Ambassador FundPairCorr
  0.73LGLSX L Abbett GrowthPairCorr
  0.72IFRIX Voya Floating RatePairCorr
  0.72NML Neuberger Berman Mlp Normal TradingPairCorr
  0.72UUSTX Ultra Short TermPairCorr
  0.8TUHYX T Rowe PricePairCorr
  0.84AOFIX Alger Small CapPairCorr
  0.83HSSAX Emerald Banking AndPairCorr
  0.83JHQCX Jpmorgan Hedged EquityPairCorr
  0.79FXAIX Fidelity 500 IndexPairCorr
  0.68RUSIX Rbc Ultra ShortPairCorr

Moving against Forum Mutual Fund

  0.73UIPIX Ultrashort Mid CapPairCorr
  0.68USPSX Profunds Ultrashort Steady GrowthPairCorr
  0.68USPIX Profunds Ultrashort Steady GrowthPairCorr
  0.35PDI Pimco Dynamic IncomePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Forum Mutual Fund performing well and Forum Funds 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 Forum Funds' 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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