Fisher Investments Correlations

IUSCX Fund

USD 10.95 0.04 0.36%

The current 90-days correlation between Fisher Investments and Goldman Sachs Clean is 0.45 (i.e., Very weak diversification). The correlation of Fisher 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.

Fisher Investments Correlation With Market

Poor diversification

The correlation between Fisher Small Cap and DJI is 0.72 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fisher Small Cap 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 Fisher Small Cap. 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 main economic indicators.

Moving together with Fisher Mutual Fund

0.91	ILESX	Fisher Investments	Pair Corr
0.65	QDISX	Fisher Investments	Pair Corr
0.98	VSGAX	Vanguard Small Cap	Pair Corr
0.98	VSGIX	Vanguard Small Cap	Pair Corr
0.98	VISGX	Vanguard Small Cap	Pair Corr
0.92	VEXPX	Vanguard Explorer	Pair Corr
0.92	VEXRX	Vanguard Explorer	Pair Corr
0.94	JGMIX	Janus Triton	Pair Corr
0.94	JGMRX	Janus Triton	Pair Corr
0.94	JGMAX	Janus Triton	Pair Corr
0.94	JGMCX	Janus Triton	Pair Corr
0.93	JGMNX	Janus Triton	Pair Corr

Moving against Fisher Mutual Fund

0.7	BTMPX	Ishares Msci Eafe	Pair Corr
0.7	BTMKX	Blackrock International	Pair Corr
0.7	MDIIX	Blackrock Intern Index	Pair Corr
0.62	IAFEX	Fisher All Foreign	Pair Corr
0.77	USGDX	Morgan Stanley Government	Pair Corr
0.76	ABNOX	Ab Bond Inflation	Pair Corr
0.75	ARBOX	Absolute Convertible	Pair Corr
0.66	SAEMX	Sa Emerging Markets	Pair Corr
0.64	BISMX	Brandes International	Pair Corr
0.62	DLDFX	Destinations Low Duration	Pair Corr
0.61	HRBDX	Harbor Bond Fund	Pair Corr
0.57	VICSX	Vanguard Intermediate-ter	Pair Corr
0.55	UTF	Cohen And Steers	Pair Corr
0.55	SGDLX	Sprott Gold Equity	Pair Corr
0.54	GIOIX	Guggenheim Macro Opp	Pair Corr
0.53	HTD	John Hancock Tax	Pair Corr
0.37	DBIWX	Dws Global Macro	Pair Corr
0.33	TIMUX	Transamerica Intermediate	Pair Corr

Related Correlations Analysis

	GCEBX	UNWPX	OGMCX	FEGOX	USERX	IOGYX
GCEBX		0.41	0.34	0.4	0.36	0.34	GCEBX
UNWPX	0.41		0.97	0.96	0.97	0.97	UNWPX
OGMCX	0.34	0.97		0.98	1.0	1.0	OGMCX
FEGOX	0.4	0.96	0.98		0.99	0.98	FEGOX
USERX	0.36	0.97	1.0	0.99		1.0	USERX
IOGYX	0.34	0.97	1.0	0.98	1.0		IOGYX
	GCEBX	UNWPX	OGMCX	FEGOX	USERX	IOGYX

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Risk-Adjusted Indicators

There is a big difference between Fisher Mutual Fund performing well and Fisher 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 Fisher 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
GCEBX	0.74	0.03	0.06	0.05	1.11	(0.74)	1.49	(2.40)	4.21
UNWPX	1.27	0.32	0.19	0.60	1.37	(1.60)	3.11	(2.50)	8.41
OGMCX	1.27	0.27	0.17	0.37	1.46	(1.38)	2.70	(3.16)	7.69
FEGOX	1.12	0.32	0.23	0.69	1.21	(1.20)	2.28	(2.26)	6.31
USERX	1.25	0.31	0.21	0.69	1.33	(1.43)	3.06	(2.98)	7.07
IOGYX	1.27	0.27	0.17	0.38	1.46	(1.39)	2.70	(3.12)	7.70

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