Free Market Correlations

Mutual Funds . USA . 
Fund . Free Market International
FMNEX Fund  USD 12.70  0.07  0.55%   
The current 90-days correlation between Free Market International and Massmutual Premier Diversified is 0.15 (i.e., Average diversification). The correlation of Free Market 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.

Free Market Correlation With Market

Very weak diversification

The correlation between Free Market International and DJI is 0.56 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Free Market International 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 Free Market International. 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 Free Mutual Fund

  0.92FMFIX Free Market FixedPairCorr
  1.0DISVX Dfa International SmallPairCorr
  1.0DFVQX Dfa International VectorPairCorr
  0.98OANEX Oakmark InternationalPairCorr
  0.95KGGIX Kopernik Global AllPairCorr
  0.95KGGAX Kopernik Global AllPairCorr
  0.98OAZEX Oakmark InternationalPairCorr
  0.98OAYEX Oakmark InternationalPairCorr
  0.98OAKEX Oakmark InternationalPairCorr
  0.82GAAKX Gmo Alternative AlloPairCorr
  0.8GAAGX Gmo Alternative AlloPairCorr
  0.9GPBFX Gmo E PlusPairCorr
  0.83WARCX Wells Fargo AdvantagePairCorr
  0.96NSIVX North Square InvestmentsPairCorr
  0.99INVYX Pioneer InternationalPairCorr
  0.64GMTYX Mydestination 2015PairCorr
  0.86TGROX Tiaa Cref GreenPairCorr
  0.85QBDAX Quantified Managed IncomePairCorr
  0.87THCAX Thornburg Core PlusPairCorr
  0.7WHYIX Wells Fargo AdvantagePairCorr
  0.76VMPYX Wells Fargo AdvantagePairCorr
  0.89TRSHX Tiaa-cref Short-termPairCorr
  0.7WFITX Intermediate Tax/amt-freePairCorr
  0.7PAOPX T Rowe PricePairCorr
  0.85VEMAX Vanguard Emerging MarketsPairCorr
  0.86COICX Calvert InternationalPairCorr
  0.68VHCIX Vanguard Health CarePairCorr
  0.73RNWHX New World FundPairCorr
  0.71THNIX Thornburg New MexicoPairCorr
  0.86MOALX MoalxPairCorr
  0.94ADVNX Advisory ResearchPairCorr
  0.96HLIDX Harding Loevner IntePairCorr

Moving against Free Mutual Fund

  0.9PQTAX Pimco Trends ManagedPairCorr
  0.9PQTNX Pimco Trends ManagedPairCorr
  0.9PQTIX Aa Pimco TrPairCorr
  0.78GPMFX Guidepath Managed FuturesPairCorr
  0.58FMUEX Free Market EquityPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Free Mutual Fund performing well and Free Market 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 Free Market'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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