The Fairholme Correlations

Mutual Funds . USA . 
Fund . The Fairholme Focused
FOCIX Fund  USD 14.28  0.03  0.21%   
The current 90-days correlation between Fairholme Focused and Oppenheimer Gold Special is -0.03 (i.e., Good diversification). The correlation of The Fairholme 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.

The Fairholme Correlation With Market

Significant diversification

The correlation between The Fairholme Focused and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Fairholme Focused 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 The Fairholme Focused. 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 The Mutual Fund

  0.8FAIRX The FairholmePairCorr
  0.82VWINX Vanguard Wellesley IncomePairCorr
  0.82VWIAX Vanguard Wellesley IncomePairCorr
  0.85BKMIX Blackrock Multi AssetPairCorr
  0.86HBLTX Hartford BalancedPairCorr
  0.87HBLRX Hartford BalancedPairCorr
  0.86HBLSX Hartford BalancedPairCorr
  0.86HBLVX Hartford BalancedPairCorr
  0.86HBLYX Hartford BalancedPairCorr
  0.87HBLCX Hartford BalancedPairCorr
  0.86HBLIX Hartford BalancedPairCorr
  0.68PFN Pimco Income StrategyPairCorr
  0.65CIF Mfs Intermediate HighPairCorr
  0.62NXJ Nuveen New JerseyPairCorr
  0.71XPPRX Voya Prime RatePairCorr
  0.78PCF Putnam High IncomePairCorr
  0.77LSYNX Lord Abbett ShortPairCorr
  0.86MXKVX Great West ServativePairCorr
  0.61PFIAX Pimco Floating IncomePairCorr
  0.73XSWZX Swiss HelvetiaPairCorr
  0.74SICIX Saat Servative StrategyPairCorr
  0.73NEWCX New World FundPairCorr
  0.73PHYQX Prudential High YieldPairCorr
  0.61RYMEX Commodities StrategyPairCorr
  0.66RYAEX Europe 125x StrategyPairCorr
  0.61IFRWX Voya Floating RatePairCorr
  0.67PFO Flaherty CrumrinePairCorr

Moving against The Mutual Fund

  0.51COSRX Columbia OverseasPairCorr

Related Correlations Analysis

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.
High positive correlations   
USERX
+ 1.0
OGMCX
USERX
+ 1.0
AGGWX
FRGOX
+ 1.0
AGGWX
AGGWX
+ 0.99
OGMCX
FRGOX
+ 0.99
OGMCX
FRGOX
+ 0.99
USERX
  
High negative correlations   
FRGOX
- 0.46
MXKJX
USERX
- 0.45
MXKJX
MXKJX
- 0.45
AGGWX
UNWPX
- 0.43
MXKJX
MXKJX
- 0.43
XGGNX
MXKJX
- 0.43
OGMCX

Risk-Adjusted Indicators

There is a big difference between The Mutual Fund performing well and The Fairholme 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 The Fairholme'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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