Vy Umbia Correlations
| ICSSX Fund | USD 17.27 0.09 0.52% |
The current 90-days correlation between Vy Umbia Small and Qs Large Cap is 0.27 (i.e., Modest diversification). The correlation of Vy Umbia 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.
Vy Umbia Correlation With Market
Poor diversification
The correlation between Vy Umbia Small and DJI is 0.73 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Vy Umbia Small and DJI in the same portfolio, assuming nothing else is changed.
ICSSX |
Moving together with ICSSX Mutual Fund
| 0.93 | VSIIX | Vanguard Small Cap | PairCorr |
| 0.93 | VISVX | Vanguard Small Cap | PairCorr |
| 0.92 | DFSVX | Us Small Cap | PairCorr |
| 0.91 | DFFVX | Us Targeted Value | PairCorr |
| 0.91 | UBVCX | Undiscovered Managers | PairCorr |
| 0.91 | UBVAX | Undiscovered Managers | PairCorr |
| 0.91 | UBVSX | Undiscovered Managers | PairCorr |
| 0.84 | AVFIX | American Beacon Small | PairCorr |
| 0.74 | WRHIX | Ivy High Income | PairCorr |
| 0.71 | WHIAX | Ivy High Income | PairCorr |
| 0.74 | IHIFX | Ivy High Income | PairCorr |
| 0.74 | IVHIX | Ivy High Income | PairCorr |
| 0.66 | TRV | The Travelers Companies | PairCorr |
| 0.79 | CVX | Chevron Corp Fiscal Year End 7th of February 2025 | PairCorr |
| 0.81 | AA | Alcoa Corp | PairCorr |
Moving against ICSSX Mutual Fund
| 0.5 | PFE | Pfizer Inc Fiscal Year End 4th of February 2025 | PairCorr |
Related Correlations Analysis
| 0.41 | 0.23 | 0.96 | 0.72 | 0.7 | 0.64 | LMTIX | ||
| 0.41 | -0.5 | 0.28 | 0.79 | 0.74 | 0.9 | SMVLX | ||
| 0.23 | -0.5 | 0.37 | -0.39 | -0.37 | -0.49 | CMIFX | ||
| 0.96 | 0.28 | 0.37 | 0.59 | 0.6 | 0.5 | RETSX | ||
| 0.72 | 0.79 | -0.39 | 0.59 | 0.9 | 0.95 | TACLX | ||
| 0.7 | 0.74 | -0.37 | 0.6 | 0.9 | 0.88 | ALCKX | ||
| 0.64 | 0.9 | -0.49 | 0.5 | 0.95 | 0.88 | VAAGX | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ICSSX Mutual Fund performing well and Vy Umbia 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 Vy Umbia'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LMTIX | 0.71 | 0.01 | 0.00 | 0.03 | 1.14 | 1.28 | 6.23 | |||
| SMVLX | 0.66 | (0.07) | 0.00 | (0.19) | 0.00 | 1.12 | 4.73 | |||
| CMIFX | 0.06 | 0.00 | (0.13) | 0.17 | 0.00 | 0.10 | 0.41 | |||
| RETSX | 0.55 | 0.01 | 0.00 | 0.05 | 0.80 | 1.19 | 5.40 | |||
| TACLX | 0.52 | (0.03) | 0.00 | (0.10) | 0.00 | 0.88 | 5.47 | |||
| ALCKX | 0.88 | (0.06) | 0.00 | (0.15) | 0.00 | 1.46 | 9.24 | |||
| VAAGX | 0.60 | (0.07) | 0.00 | (0.20) | 0.00 | 1.08 | 5.45 |