Geneva Smid Correlations

GCSVX Fund

USD 11.26 0.03 0.27%

The current 90-days correlation between Geneva Smid Cap and American Funds 2055 is 0.81 (i.e., Very poor diversification). The correlation of Geneva Smid 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.

Geneva Smid Correlation With Market

Very poor diversification

The correlation between Geneva Smid Cap and DJI is 0.84 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Geneva Smid Cap and DJI in the same portfolio, assuming nothing else is changed.

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Geneva Smid Cap. 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 real.

Moving together with Geneva Mutual Fund

0.97	PAMCX	T Rowe Price	Pair Corr
0.93	RRMGX	T Rowe Price	Pair Corr
0.93	TRQZX	T Rowe Price	Pair Corr
0.93	RPMGX	T Rowe Price	Pair Corr
0.95	PRJIX	T Rowe Price	Pair Corr
0.97	PRNHX	T Rowe Price	Pair Corr
0.95	TRUZX	T Rowe Price	Pair Corr
0.98	PCBIX	Midcap Fund Institutional	Pair Corr
0.95	PEMGX	Midcap Fund Class	Pair Corr
0.98	PMBCX	Midcap Fund Class	Pair Corr
0.71	FSMMX	Fs Multi Strategy	Pair Corr
0.92	SPMPX	Invesco Steelpath Mlp	Pair Corr
0.92	MLPNX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	MLPMX	Oppenheimer Steelpath Mlp	Pair Corr
0.92	SPMJX	Invesco Steelpath Mlp	Pair Corr
0.97	AMGOX	Alger Mid Cap	Pair Corr
0.85	JAGTX	Janus Global Technology	Pair Corr
0.95	WWLAX	Westwood Largecap Value	Pair Corr
0.86	FMAGX	Fidelity Magellan	Pair Corr
0.95	ICMVX	Intrepid Capital	Pair Corr
0.93	BUFSX	Buffalo Small Cap	Pair Corr
0.8	RNGHX	New Economy Fund	Pair Corr
0.97	RSYEX	Victory Rs Small	Pair Corr
0.78	FLSZX	Franklin Lifesmart 2055	Pair Corr
0.87	CCLFX	Cliffwater Corporate	Pair Corr
0.79	PATVX	T Rowe Price	Pair Corr
0.96	VTCLX	Vanguard Tax Managed	Pair Corr
0.91	FAFGX	American Funds	Pair Corr
0.86	PGWTX	Putnam Focused Equity	Pair Corr
0.91	USPRX	Sp 500 Index	Pair Corr

Moving against Geneva Mutual Fund

0.6	BTMKX	Blackrock International	Pair Corr
0.57	BTMPX	Ishares Msci Eafe	Pair Corr
0.57	MDIIX	Blackrock Intern Index	Pair Corr
0.39	FMFFX	Fs Managed Futures	Pair Corr

Related Correlations Analysis

	RCMTX	APHFX	DFMAX	JFRNX	VWEAX	PGAIX	FCLCX	TRLGX	JDBRX
RCMTX		0.86	0.88	0.86	0.61	0.97	0.89	0.83	0.94	RCMTX
APHFX	0.86		0.86	0.86	0.71	0.8	0.91	0.84	0.85	APHFX
DFMAX	0.88	0.86		0.92	0.52	0.81	0.98	0.96	0.96	DFMAX
JFRNX	0.86	0.86	0.92		0.47	0.78	0.93	0.94	0.9	JFRNX
VWEAX	0.61	0.71	0.52	0.47		0.66	0.56	0.42	0.6	VWEAX
PGAIX	0.97	0.8	0.81	0.78	0.66		0.81	0.73	0.9	PGAIX
FCLCX	0.89	0.91	0.98	0.93	0.56	0.81		0.96	0.94	FCLCX
TRLGX	0.83	0.84	0.96	0.94	0.42	0.73	0.96		0.92	TRLGX
JDBRX	0.94	0.85	0.96	0.9	0.6	0.9	0.94	0.92		JDBRX
	RCMTX	APHFX	DFMAX	JFRNX	VWEAX	PGAIX	FCLCX	TRLGX	JDBRX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Geneva Mutual Fund performing well and Geneva Smid 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 Geneva Smid'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
RCMTX	0.48	(0.02)	(0.07)	0.07	0.68	(0.47)	1.06	(1.20)	2.92
APHFX	0.10	0.02	(0.49)	0.49	0.00	(0.16)	0.22	(0.22)	0.77
DFMAX	0.54	(0.01)	(0.04)	0.09	0.65	(0.57)	0.97	(1.15)	3.57
JFRNX	0.67	0.13	0.02	27.37	0.90	(0.65)	1.40	(1.76)	4.63
VWEAX	0.10	0.01	(0.42)	(2.10)	0.00	(0.23)	0.37	(0.18)	0.74
PGAIX	0.32	(0.01)	(0.15)	0.09	0.35	(0.37)	0.74	(0.67)	2.04
FCLCX	0.79	0.03	0.05	0.12	0.87	(0.78)	1.97	(1.52)	7.03
TRLGX	0.66	0.05	0.02	0.16	0.91	(0.62)	1.50	(1.94)	4.73
JDBRX	0.36	0.00	(0.09)	0.10	0.42	(0.39)	0.82	(0.93)	2.33

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC