Retailing Portfolio Correlations

FSRPX Fund

USD 19.12 0.19 0.98%

The current 90-days correlation between Retailing Portfolio and International Paper is 0.27 (i.e., Modest diversification). The correlation of Retailing Portfolio 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.

Retailing Portfolio Correlation With Market

Significant diversification

The correlation between Retailing Portfolio Retailing and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Retailing Portfolio Retailing 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 Retailing Portfolio Retailing. 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 american community survey.

Moving together with Retailing Mutual Fund

0.62	IP	International Paper	Pair Corr
0.89	SW	Smurfit WestRock plc	Pair Corr
0.73	VIRC	Virco Manufacturing	Pair Corr
0.76	F-PB	Ford Motor	Pair Corr
0.77	F-PC	Ford Motor Potential Growth	Pair Corr
0.8	F-PD	F PD	Pair Corr
0.68	FIGS	Figs Inc	Pair Corr
0.83	AIN	Albany International	Pair Corr
0.64	DMN	Damon Common Stock	Pair Corr
0.72	ECG	Everus Construction Downward Rally	Pair Corr
0.87	GEF	Greif Bros	Pair Corr
0.85	HNI	HNI Corp	Pair Corr
0.89	MLR	Miller Industries	Pair Corr
0.76	MRM	Medirom Healthcare	Pair Corr

Moving against Retailing Mutual Fund

0.71	CYD	China Yuchai Interna	Pair Corr
0.62	EFOI	Energy Focu	Pair Corr
0.48	DRVN	Driven Brands Holdings	Pair Corr
0.36	OI	O I Glass	Pair Corr
0.31	CCK	Crown Holdings	Pair Corr
0.49	ROL	Rollins	Pair Corr

Related Correlations Analysis

	IP	OI	SW	DRVN	VIRC	EFOI	F-PB	F-PC	F-PD	WPRT
IP		-0.07	0.72	-0.12	0.53	-0.37	0.58	0.49	0.64	0.65	IP
OI	-0.07		-0.39	0.55	0.16	0.45	-0.31	-0.55	-0.54	0.43	OI
SW	0.72	-0.39		-0.54	0.62	-0.64	0.76	0.81	0.86	0.49	SW
DRVN	-0.12	0.55	-0.54		-0.15	0.23	-0.32	-0.44	-0.52	-0.07	DRVN
VIRC	0.53	0.16	0.62	-0.15		-0.31	0.59	0.45	0.47	0.64	VIRC
EFOI	-0.37	0.45	-0.64	0.23	-0.31		-0.77	-0.83	-0.76	-0.06	EFOI
F-PB	0.58	-0.31	0.76	-0.32	0.59	-0.77		0.91	0.91	0.33	F-PB
F-PC	0.49	-0.55	0.81	-0.44	0.45	-0.83	0.91		0.95	0.12	F-PC
F-PD	0.64	-0.54	0.86	-0.52	0.47	-0.76	0.91	0.95		0.28	F-PD
WPRT	0.65	0.43	0.49	-0.07	0.64	-0.06	0.33	0.12	0.28		WPRT
	IP	OI	SW	DRVN	VIRC	EFOI	F-PB	F-PC	F-PD	WPRT

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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

F-PD	+ 0.95	F-PC
F-PC	+ 0.91	F-PB
F-PD	+ 0.91	F-PB
F-PD	+ 0.86	SW
F-PC	+ 0.81	SW
F-PB	+ 0.76	SW

High negative correlations

F-PC	- 0.83	EFOI
F-PB	- 0.77	EFOI
F-PD	- 0.76	EFOI
EFOI	- 0.64	SW
F-PC	- 0.55	OI
DRVN	- 0.54	SW

Risk-Adjusted Indicators

There is a big difference between Retailing Mutual Fund performing well and Retailing Portfolio 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 Retailing Portfolio'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
IP	1.47	0.07	0.03	0.04	2.11	(1.44)	2.80	(2.49)	10.71
OI	1.87	0.35	0.13	0.19	2.44	(1.86)	4.38	(4.03)	14.32
SW	1.70	(0.11)	0.00	(0.09)	0.00	0.00	3.43	(3.78)	14.48
DRVN	1.41	0.20	0.11	0.14	1.47	(1.62)	2.93	(2.25)	12.31
VIRC	1.82	(0.07)	0.00	(0.07)	0.00	0.00	4.49	(3.34)	16.92
EFOI	5.80	1.32	0.24	(2.27)	4.69	(8.60)	10.05	(9.50)	126.81
F-PB	0.60	(0.08)	0.00	(0.23)	0.00	0.00	1.36	(1.13)	3.58
F-PC	0.55	(0.12)	0.00	(0.34)	0.00	0.00	1.06	(1.21)	3.66
F-PD	0.44	(0.09)	0.00	(0.37)	0.00	0.00	0.68	(0.89)	3.66
WPRT	2.77	0.40	0.12	0.25	2.81	(3.05)	7.26	(4.67)	18.05

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