Im Dolan Correlations

IDMIX Fund

USD 9.90 0.01 0.10%

The current 90-days correlation between Im Dolan Mceniry and Rmb Mendon Financial is 0.49 (i.e., Very weak diversification). The correlation of Im Dolan 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.

Im Dolan Correlation With Market

Average diversification

The correlation between Im Dolan Mceniry and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Im Dolan Mceniry 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 Im Dolan Mceniry. 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 gross domestic product.

Moving together with IDMIX Mutual Fund

0.7	MAHIX	Litman Gregory Masters	Pair Corr
0.71	MASFX	Litman Gregory Masters	Pair Corr
0.73	MASNX	Litman Gregory Masters	Pair Corr
0.77	MSILX	Litman Gregory Masters	Pair Corr
0.71	VBIRX	Vanguard Short Term	Pair Corr
0.67	VFSUX	Vanguard Short Term	Pair Corr
0.84	VFSIX	Vanguard Short Term	Pair Corr
0.87	VFSTX	Vanguard Short Term	Pair Corr
0.86	VBITX	Vanguard Short Term	Pair Corr
0.86	VBISX	Vanguard Short Term	Pair Corr
0.71	LALDX	Lord Abbett Short	Pair Corr
0.83	VSCSX	Vanguard Short Term	Pair Corr
0.68	PDI	Pimco Dynamic Income	Pair Corr
0.67	VTAPX	Vanguard Short Term	Pair Corr
0.74	JHYIX	Aberdeen Global High	Pair Corr
0.67	GLDIX	Gabelli Gold	Pair Corr
0.97	LTUCX	Thornburg Limited Term	Pair Corr
0.76	FEMDX	Franklin Emerging Market	Pair Corr
0.74	VFISX	Vanguard Short Term	Pair Corr
0.8	AHTFX	American High Income	Pair Corr
0.86	JAFWX	John Hancock Variable	Pair Corr
0.91	AAEZX	Enhanced Fixed Income	Pair Corr
0.79	IFTAX	Vy Templeton Foreign	Pair Corr
0.82	PUBCX	Pimco Unconstrained Bond	Pair Corr
0.91	TEDNX	Tiaa Cref Emerging	Pair Corr

Moving against IDMIX Mutual Fund

0.36

RYURX

Inverse Sp 500

Pair Corr

Related Correlations Analysis

	RMBKX	FAFSX	MSVIX	RMBLX	GCFSX	XFINX	DVFYX	MCBXX
RMBKX		0.92	0.91	1.0	0.41	0.44	0.68	0.0	RMBKX
FAFSX	0.92		0.81	0.92	0.62	0.48	0.86	0.0	FAFSX
MSVIX	0.91	0.81		0.91	0.12	0.33	0.47	0.0	MSVIX
RMBLX	1.0	0.92	0.91		0.41	0.44	0.69	0.0	RMBLX
GCFSX	0.41	0.62	0.12	0.41		0.53	0.88	0.0	GCFSX
XFINX	0.44	0.48	0.33	0.44	0.53		0.54	0.0	XFINX
DVFYX	0.68	0.86	0.47	0.69	0.88	0.54		0.0	DVFYX
MCBXX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		MCBXX
	RMBKX	FAFSX	MSVIX	RMBLX	GCFSX	XFINX	DVFYX	MCBXX

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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

RMBLX	+ 1.0	RMBKX
FAFSX	+ 0.92	RMBKX
RMBLX	+ 0.92	FAFSX
MSVIX	+ 0.91	RMBKX
RMBLX	+ 0.91	MSVIX
DVFYX	+ 0.88	GCFSX

High negative correlations

MCBXX	- 0.0	DVFYX
MCBXX	- 0.0	XFINX
MCBXX	- 0.0	GCFSX
MCBXX	- 0.0	RMBLX
MCBXX	- 0.0	MSVIX
MCBXX	- 0.0	FAFSX

Risk-Adjusted Indicators

There is a big difference between IDMIX Mutual Fund performing well and Im Dolan 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 Im Dolan'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
RMBKX	1.01	(0.08)	0.00	(0.10)	0.00	0.00	1.65	(2.08)	6.45
FAFSX	0.71	(0.02)	0.00	(0.05)	0.00	0.00	1.21	(1.69)	4.75
MSVIX	0.83	(0.18)	0.00	(0.25)	0.00	0.00	1.40	(1.53)	12.49
RMBLX	1.01	(0.08)	0.00	(0.10)	0.00	0.00	1.64	(2.07)	6.47
GCFSX	0.60	0.07	0.09	0.09	0.78	(0.63)	1.08	(1.30)	3.58
XFINX	0.13	0.01	0.10	0.05	0.16	(0.17)	0.29	(0.28)	1.14
DVFYX	0.73	0.04	0.04	0.03	1.07	(0.71)	1.42	(1.38)	4.48
MCBXX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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