Poplar Forest Correlations

Mutual Funds . USA . 
Fund . Poplar Forest Partners
IPFPX Fund  USD 56.71  0.13  0.23%   
The current 90-days correlation between Poplar Forest Partners and Poplar Forest Partners is 1.0 (i.e., No risk reduction). The correlation of Poplar Forest 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.

Poplar Forest Correlation With Market

Very poor diversification

The correlation between Poplar Forest Partners and DJI is 0.85 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Poplar Forest Partners 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 Poplar Forest Partners. 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 american community survey.

Moving together with POPLAR Mutual Fund

  1.0PFPFX Poplar Forest PartnersPairCorr
  0.97IPFCX Poplar Forest NerstonePairCorr
  0.94VVIAX Vanguard Value IndexPairCorr
  0.92DOXGX Dodge Cox StockPairCorr
  0.86AFMFX American MutualPairCorr
  0.86FFMMX American Funds AmericanPairCorr
  0.86FFFMX American Funds AmericanPairCorr
  0.86AMRMX American MutualPairCorr
  0.86AMFFX American MutualPairCorr
  0.86AMFCX American MutualPairCorr
  0.92DODGX Dodge Stock FundPairCorr
  0.94VIVAX Vanguard Value IndexPairCorr
  0.82LSHUX Horizon Spin Off Steady GrowthPairCorr
  0.82LSHEX Kinetics Spin Off Steady GrowthPairCorr
  0.82LSHCX Horizon Spin Off Steady GrowthPairCorr
  0.82WWNPX Kinetics Paradigm Steady GrowthPairCorr
  0.82KNPCX Kinetics Paradigm Steady GrowthPairCorr
  0.81OSPPX Oppenheimer Steelpath MlpPairCorr
  0.81SPMPX Invesco Steelpath MlpPairCorr
  0.82LSHAX Horizon Spin Off Steady GrowthPairCorr
  0.81SPMJX Invesco Steelpath MlpPairCorr
  0.82KNPYX Kinetics Paradigm Steady GrowthPairCorr
  0.85MLMAX Global E PortfolioPairCorr
  0.62NADCX Nationwide InvestorPairCorr
  0.84DFMGX Df Dent MidcapPairCorr
  0.84VFTAX Vanguard Ftse SocialPairCorr
  0.89TAAIX Thrivent AggressivePairCorr
  0.82SAGAX Ridgeworth InnovativePairCorr
  0.61FHCOX Federated Hermes ConPairCorr
  0.86VIIIX Vanguard InstitutionalPairCorr
  0.95WWLAX Westwood Largecap ValuePairCorr
  0.61JRI Nuveen Real AssetPairCorr
  0.74PCF Putnam High IncomePairCorr
  0.85ILESX Fisher InvestmentsPairCorr
  0.66GQLOX Gmo Quality FundPairCorr
  0.86VFIAX Vanguard 500 IndexPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between POPLAR Mutual Fund performing well and Poplar Forest 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 Poplar Forest'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.

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