Free Market Correlations
| FMUEX Fund | USD 24.10 0.02 0.08% |
The current 90-days correlation between Free Market Equity and T Rowe Price is 0.6 (i.e., Poor 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
Modest diversification
The correlation between Free Market Equity and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Free Market Equity and DJI in the same portfolio, assuming nothing else is changed.
Free |
Moving together with Free Mutual Fund
| 0.78 | FLPSX | Fidelity Low Priced | PairCorr |
| 0.9 | VMVAX | Vanguard Mid Cap | PairCorr |
| 0.77 | JVMAX | John Hancock Disciplined | PairCorr |
| 0.78 | JVMIX | John Hancock Disciplined | PairCorr |
| 0.9 | VMVIX | Vanguard Mid Cap | PairCorr |
| 0.67 | JMVZX | Jpmorgan Mid Cap | PairCorr |
| 0.7 | JMVRX | Jpmorgan Mid Cap | PairCorr |
| 0.69 | JMVQX | Jpmorgan Mid Cap | PairCorr |
| 0.7 | JMVYX | Jpmorgan Mid Cap | PairCorr |
| 0.67 | MLPNX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.68 | MLPLX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.67 | OSPPX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.67 | SPMPX | Invesco Steelpath Mlp | PairCorr |
| 0.68 | MLPMX | Oppenheimer Steelpath Mlp | PairCorr |
| 0.68 | SPMJX | Invesco Steelpath Mlp | PairCorr |
| 0.69 | VFIAX | Vanguard 500 Index | PairCorr |
| 0.72 | OGEAX | Jpmorgan Equity Index | PairCorr |
| 0.79 | ASCGX | Lebenthal Lisanti Small | PairCorr |
| 0.73 | IRDEX | Cf Ir 3000 | PairCorr |
| 0.69 | FXAIX | Fidelity 500 Index | PairCorr |
| 0.73 | VTSAX | Vanguard Total Stock | PairCorr |
| 0.77 | GAB | Gabelli Equity Trust | PairCorr |
| 0.72 | VFFSX | Vanguard 500 Index | PairCorr |
| 0.69 | VFINX | Vanguard 500 Index | PairCorr |
| 0.72 | PRCOX | T Rowe Price | PairCorr |
| 0.61 | HACAX | Harbor Capital Appre | PairCorr |
Related Correlations Analysis
| 0.3 | 0.36 | 0.93 | 0.57 | TRBCX | ||
| 0.3 | 0.91 | 0.57 | 0.86 | EIPIX | ||
| 0.36 | 0.91 | 0.62 | 0.92 | CIPMX | ||
| 0.93 | 0.57 | 0.62 | 0.8 | TFAGX | ||
| 0.57 | 0.86 | 0.92 | 0.8 | BMDSX | ||
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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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TRBCX | 0.74 | 0.12 | 0.09 | 1.01 | 0.91 | 1.57 | 5.70 | |||
| EIPIX | 0.75 | (0.01) | 0.00 | (0.04) | 0.00 | 1.33 | 10.11 | |||
| CIPMX | 0.82 | (0.06) | 0.00 | (0.30) | 0.00 | 1.26 | 12.40 | |||
| TFAGX | 0.61 | 0.06 | 0.05 | 0.35 | 0.85 | 1.34 | 5.84 | |||
| BMDSX | 0.69 | 0.00 | (0.01) | 0.00 | 1.00 | 1.46 | 6.00 |