Porate Fixed Correlations

HCXSX Fund

USD 8.72 0.01 0.11%

The current 90-days correlation between Porate Fixed and First Trust Specialty is 0.24 (i.e., Modest diversification). The correlation of Porate Fixed 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.

Porate Fixed Correlation With Market

Average diversification

The correlation between The Porate Fixed and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Porate Fixed 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 The Porate Fixed. 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 state.

Moving together with Porate Mutual Fund

0.61	HD	Home Depot	Pair Corr
0.71	DD	Dupont De Nemours Fiscal Year End 4th of February 2025	Pair Corr
0.71	TRV	The Travelers Companies	Pair Corr
0.75	AA	Alcoa Corp	Pair Corr

Moving against Porate Mutual Fund

0.5

Boeing Fiscal Year End 29th of January 2025

Pair Corr

Related Correlations Analysis

	FGB	GVCXX	XFINX	FIKBX	PGFMX	HISFX
FGB		0.5	0.63	0.37	0.01	-0.05	FGB
GVCXX	0.5		0.45	0.45	-0.15	0.22	GVCXX
XFINX	0.63	0.45		0.53	0.4	0.29	XFINX
FIKBX	0.37	0.45	0.53		0.71	0.89	FIKBX
PGFMX	0.01	-0.15	0.4	0.71		0.77	PGFMX
HISFX	-0.05	0.22	0.29	0.89	0.77		HISFX
	FGB	GVCXX	XFINX	FIKBX	PGFMX	HISFX

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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

HISFX	+ 0.89	FIKBX
HISFX	+ 0.77	PGFMX
PGFMX	+ 0.71	FIKBX
XFINX	+ 0.63	FGB
FIKBX	+ 0.53	XFINX
GVCXX	+ 0.5	FGB

High negative correlations

PGFMX	- 0.15	GVCXX
HISFX	- 0.05	FGB

Risk-Adjusted Indicators

There is a big difference between Porate Mutual Fund performing well and Porate Fixed 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 Porate Fixed'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
FGB	0.71	0.12	0.08	0.96	0.94	(0.80)	1.72	(1.25)	5.45
GVCXX	0.03	0.01	0.00	(0.96)	0.00	0.00	0.00	0.00	1.01
XFINX	0.12	0.00	(0.06)	(0.03)	0.21	(0.15)	0.28	(0.28)	1.14
FIKBX	0.85	0.07	0.05	0.21	1.02	(0.94)	1.66	(1.95)	11.21
PGFMX	0.37	(0.03)	0.00	(0.12)	0.00	0.00	0.78	(0.85)	3.70
HISFX	1.43	(0.01)	(0.01)	0.00	1.84	(1.63)	3.01	(3.49)	18.32

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