Frank Value Correlations

FRNKX Fund

USD 15.92 0.01 0.06%

The current 90-days correlation between Frank Value Fund and Smead Value Fund is 0.6 (i.e., Poor diversification). The correlation of Frank Value 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.

Frank Value Correlation With Market

Modest diversification

The correlation between Frank Value Fund and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Frank Value Fund 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 Frank Value Fund. 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 industry.

Moving together with Frank Mutual Fund

1.0	FNKIX	Frank Value Fund	Pair Corr
1.0	FNKCX	Frank Value Fund	Pair Corr
0.9	LEBOX	Leigh Baldwin Total	Pair Corr
0.7	VMVAX	Vanguard Mid Cap	Pair Corr
0.63	JVMAX	John Hancock Disciplined	Pair Corr
0.64	JVMIX	John Hancock Disciplined	Pair Corr
0.7	VMVIX	Vanguard Mid Cap	Pair Corr
0.67	XDSMX	Dreyfus Strategic	Pair Corr
0.61	XNXJX	Nuveen New Jersey	Pair Corr
0.78	VFINX	Vanguard 500 Index	Pair Corr
0.62	ALEFX	Alpsalerian Energy	Pair Corr
0.75	WAARX	Western Asset Total	Pair Corr
0.81	DFELX	Enhanced Large Pany	Pair Corr
0.93	LMUSX	Qs Large Cap	Pair Corr
0.85	SMIFX	Sound Mind Investing	Pair Corr
0.69	URNQX	Nasdaq 100 Index	Pair Corr

Related Correlations Analysis

	SMVLX	GOODX	FRNKX	LEBOX	DXRLX	MLPMX	JMTNX	MSTGX	HSUAX	LCFPX
SMVLX		0.77	0.35	0.26	0.65	-0.04	0.1	0.81	-0.23	-0.04	SMVLX
GOODX	0.77		0.77	0.6	0.92	0.47	0.36	0.87	0.33	0.56	GOODX
FRNKX	0.35	0.77		0.9	0.88	0.5	0.59	0.72	0.69	0.79	FRNKX
LEBOX	0.26	0.6	0.9		0.75	0.22	0.41	0.59	0.59	0.61	LEBOX
DXRLX	0.65	0.92	0.88	0.75		0.39	0.42	0.84	0.45	0.61	DXRLX
MLPMX	-0.04	0.47	0.5	0.22	0.39		0.52	0.29	0.7	0.86	MLPMX
JMTNX	0.1	0.36	0.59	0.41	0.42	0.52		0.52	0.7	0.63	JMTNX
MSTGX	0.81	0.87	0.72	0.59	0.84	0.29	0.52		0.3	0.44	MSTGX
HSUAX	-0.23	0.33	0.69	0.59	0.45	0.7	0.7	0.3		0.9	HSUAX
LCFPX	-0.04	0.56	0.79	0.61	0.61	0.86	0.63	0.44	0.9		LCFPX
	SMVLX	GOODX	FRNKX	LEBOX	DXRLX	MLPMX	JMTNX	MSTGX	HSUAX	LCFPX

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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

DXRLX	+ 0.92	GOODX
LEBOX	+ 0.9	FRNKX
LCFPX	+ 0.9	HSUAX
DXRLX	+ 0.88	FRNKX
MSTGX	+ 0.87	GOODX
LCFPX	+ 0.86	MLPMX

High negative correlations

HSUAX	- 0.23	SMVLX
LCFPX	- 0.04	SMVLX
MLPMX	- 0.04	SMVLX

Risk-Adjusted Indicators

There is a big difference between Frank Mutual Fund performing well and Frank Value 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 Frank Value'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
SMVLX	0.65	(0.07)	0.00	(0.18)	0.00	0.00	1.12	(1.36)	4.73
GOODX	0.55	0.01	0.00	0.07	0.75	(0.55)	1.15	(0.95)	5.76
FRNKX	0.58	(0.01)	(0.03)	0.01	0.79	(0.75)	1.15	(1.00)	5.31
LEBOX	0.28	(0.02)	0.00	5.94	0.00	0.00	0.46	(0.83)	3.46
DXRLX	1.65	0.04	0.02	0.06	2.19	(1.72)	3.20	(2.88)	17.95
MLPMX	0.96	0.28	0.20	0.60	0.93	(1.10)	2.34	(1.89)	6.61
JMTNX	0.16	(0.01)	(0.14)	(0.08)	0.15	(0.25)	0.47	(0.35)	1.29
MSTGX	0.26	(0.01)	(0.07)	(0.01)	0.34	(0.33)	0.55	(0.64)	1.83
HSUAX	0.72	0.10	0.08	0.40	0.93	(0.77)	1.31	(1.23)	6.61
LCFPX	0.52	0.09	0.10	0.35	0.55	(0.59)	1.17	(0.89)	3.79

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