Cs 604 Correlations
| FRNJVX Fund | 891.60 0.45 0.05% |
The current 90-days correlation between Cs 604 Tax and Blackrock Health Sciences is 0.07 (i.e., Significant diversification). The correlation of Cs 604 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.
Cs 604 Correlation With Market
Significant diversification
The correlation between Cs 604 Tax and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cs 604 Tax and DJI in the same portfolio, assuming nothing else is changed.
FRNJVX |
Moving together with FRNJVX Fund
| 0.76 | VZ | Verizon Communications Fiscal Year End 28th of January 2025 | PairCorr |
| 0.8 | HD | Home Depot | PairCorr |
Moving against FRNJVX Fund
| 0.32 | BA | Boeing Fiscal Year End 29th of January 2025 | PairCorr |
Related Correlations Analysis
| 0.91 | 0.86 | 0.91 | 0.91 | 0.93 | 0.78 | BHSRX | ||
| 0.91 | 0.77 | 0.82 | 0.85 | 0.85 | 0.59 | DLHIX | ||
| 0.86 | 0.77 | 0.83 | 0.8 | 0.82 | 0.84 | ETCHX | ||
| 0.91 | 0.82 | 0.83 | 0.77 | 0.77 | 0.83 | LOGSX | ||
| 0.91 | 0.85 | 0.8 | 0.77 | 0.96 | 0.61 | HIAHX | ||
| 0.93 | 0.85 | 0.82 | 0.77 | 0.96 | 0.68 | THQ | ||
| 0.78 | 0.59 | 0.84 | 0.83 | 0.61 | 0.68 | AHSCX | ||
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Risk-Adjusted Indicators
There is a big difference between FRNJVX Fund performing well and Cs 604 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 Cs 604'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHSRX | 0.69 | (0.20) | 0.00 | (0.70) | 0.00 | 1.02 | 6.64 | |||
| DLHIX | 0.87 | 0.00 | 0.00 | 0.00 | 0.00 | 1.14 | 13.29 | |||
| ETCHX | 1.15 | (0.08) | 0.00 | (0.29) | 0.00 | 2.25 | 7.56 | |||
| LOGSX | 0.63 | (0.16) | 0.00 | (0.52) | 0.00 | 1.02 | 4.72 | |||
| HIAHX | 0.68 | (0.19) | 0.00 | (1.18) | 0.00 | 1.04 | 3.83 | |||
| THQ | 0.94 | (0.20) | 0.00 | (0.59) | 0.00 | 1.51 | 5.19 | |||
| AHSCX | 0.62 | (0.05) | 0.00 | (0.34) | 0.00 | 0.94 | 5.39 |