Money Market Correlations
| GOVXX Fund | 1.00 0.00 0.00% |
The correlation of Money Market 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.
Money |
Related Correlations Analysis
| 0.9 | 0.81 | 0.85 | 0.63 | 0.96 | JCTFX | ||
| 0.9 | 0.85 | 0.84 | 0.77 | 0.82 | ARTFX | ||
| 0.81 | 0.85 | 0.87 | 0.79 | 0.69 | AQRRX | ||
| 0.85 | 0.84 | 0.87 | 0.77 | 0.72 | FYAIX | ||
| 0.63 | 0.77 | 0.79 | 0.77 | 0.46 | ARCIX | ||
| 0.96 | 0.82 | 0.69 | 0.72 | 0.46 | ABTHX | ||
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Risk-Adjusted Indicators
There is a big difference between Money Money Market Fund performing well and Money Market Money Market 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 Money Market'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JCTFX | 0.24 | (0.01) | 0.06 | (0.17) | 0.34 | 0.43 | 2.30 | |||
| ARTFX | 0.13 | 0.00 | 0.19 | (0.07) | 0.09 | 0.44 | 0.89 | |||
| AQRRX | 0.49 | 0.02 | 0.09 | (0.31) | 0.63 | 1.02 | 3.50 | |||
| FYAIX | 0.23 | 0.01 | 0.12 | 0.01 | 0.30 | 0.43 | 1.44 | |||
| ARCIX | 0.54 | 0.12 | 0.19 | (1.90) | 0.51 | 1.22 | 4.94 | |||
| ABTHX | 0.25 | (0.01) | 0.00 | (0.63) | 0.00 | 0.49 | 1.64 |