F/m Investments Correlations
| IAFMX Fund | USD 16.09 0.08 0.50% |
The current 90-days correlation between Fm Investments Large and Fm Investments Large is -0.13 (i.e., Good diversification). The correlation of F/m Investments 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.
F/m Investments Correlation With Market
Good diversification
The correlation between Fm Investments Large and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fm Investments Large and DJI in the same portfolio, assuming nothing else is changed.
F/m |
Moving together with F/m Mutual Fund
Moving against F/m Mutual Fund
| 0.35 | PFN | Pimco Income Strategy | PairCorr |
| 0.32 | XPPRX | Voya Prime Rate | PairCorr |
| 0.8 | ARMGX | Western Asset Adjustable | PairCorr |
| 0.64 | PCCMX | Pimco Short Duration | PairCorr |
| 0.64 | FIKPX | Fidelity Government | PairCorr |
| 0.63 | BMOAX | Blackrock Bond Index | PairCorr |
| 0.63 | RIBIX | Rbc Impact Bond | PairCorr |
| 0.57 | FLRRX | Franklin Low Duration | PairCorr |
| 0.56 | MWSIX | Metropolitan West | PairCorr |
| 0.5 | INTIX | Voya International Index | PairCorr |
| 0.48 | PDI | Pimco Dynamic Income | PairCorr |
| 0.47 | JIGIX | John Hancock Interna | PairCorr |
| 0.71 | LSIZX | Columbia Strategic Income | PairCorr |
| 0.62 | GSCJX | Goldman Sachs Income | PairCorr |
| 0.62 | PUCCX | Prudential Unconstrained | PairCorr |
| 0.51 | DIFIX | Mfs Diversified Income | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between F/m Mutual Fund performing well and F/m Investments 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 F/m Investments' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IAFLX | 1.38 | (0.20) | 0.00 | (0.27) | 0.00 | 2.13 | 9.73 | |||
| IAFMX | 1.36 | (0.29) | 0.00 | 6.59 | 0.00 | 2.07 | 9.73 | |||
| MNDVUX | 0.66 | 0.08 | 0.12 | 0.06 | 0.82 | 1.23 | 3.65 | |||
| NWWAX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| SMGASX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PWJQX | 0.94 | 0.06 | 0.05 | 0.02 | 1.49 | 1.84 | 5.84 | |||
| FGWMX | 0.24 | 0.02 | 0.25 | 0.22 | 0.25 | 0.55 | 1.42 | |||
| PNPXX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| RNDIX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |