Adams Natural Correlations

PEO Fund

USD 22.85 0.31 1.38%

The current 90-days correlation between Adams Natural Resources and Liberty All Star is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adams Natural moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adams Natural Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Adams Natural Correlation With Market

Weak diversification

The correlation between Adams Natural Resources and DJI is 0.35 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adams Natural Resources and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Adams Natural Resources. Also, note that the market value of any fund could be closely tied with the direction of predictive economic indicators such as signals in income.

Moving together with Adams Fund

0.63	PGLSX	Global Multi Strategy	Pair Corr
0.71	XOM	Exxon Mobil Corp Earnings Call This Week	Pair Corr
0.61	MMM	3M Company	Pair Corr
0.84	CVX	Chevron Corp	Pair Corr

Moving against Adams Fund

0.37	TCTGX	Transamerica Cleartrack	Pair Corr
0.37	TDKTX	Cleartrack 2015 Class	Pair Corr
0.37	TCTJX	Transamerica Cleartrack	Pair Corr
0.32	PG	Procter Gamble	Pair Corr
0.31	TCSUX	Cleartrack 2020 Class	Pair Corr
0.37	MRK	Merck Company	Pair Corr

Related Correlations Analysis

	ASG	TY	RVT	CET	ETO	GAM	MYI	VKI	CXH	NRGX
ASG		0.75	0.96	0.6	0.41	0.8	-0.09	-0.07	-0.39	0.0	ASG
TY	0.75		0.86	0.95	0.83	0.91	0.46	0.51	0.16	0.0	TY
RVT	0.96	0.86		0.74	0.59	0.89	0.07	0.1	-0.22	0.0	RVT
CET	0.6	0.95	0.74		0.88	0.88	0.61	0.65	0.34	0.0	CET
ETO	0.41	0.83	0.59	0.88		0.81	0.6	0.62	0.4	0.0	ETO
GAM	0.8	0.91	0.89	0.88	0.81		0.32	0.33	0.02	0.0	GAM
MYI	-0.09	0.46	0.07	0.61	0.6	0.32		0.91	0.87	0.0	MYI
VKI	-0.07	0.51	0.1	0.65	0.62	0.33	0.91		0.86	0.0	VKI
CXH	-0.39	0.16	-0.22	0.34	0.4	0.02	0.87	0.86		0.0	CXH
NRGX	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NRGX
	ASG	TY	RVT	CET	ETO	GAM	MYI	VKI	CXH	NRGX

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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

RVT	+ 0.96	ASG
CET	+ 0.95	TY
GAM	+ 0.91	TY
VKI	+ 0.91	MYI
GAM	+ 0.89	RVT
ETO	+ 0.88	CET

High negative correlations

CXH	- 0.39	ASG
CXH	- 0.22	RVT
MYI	- 0.09	ASG
VKI	- 0.07	ASG
NRGX	- 0.0	CXH
NRGX	- 0.0	VKI

Risk-Adjusted Indicators

There is a big difference between Adams Fund performing well and Adams Natural 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 Adams Natural'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
ASG	1.06	(0.16)	0.00	(0.22)	0.00	0.00	1.63	(2.46)	5.34
TY	0.64	(0.02)	0.00	(0.07)	0.00	0.00	1.31	(1.37)	3.44
RVT	0.90	(0.07)	0.00	(0.14)	0.00	0.00	1.58	(1.97)	5.97
CET	0.57	(0.02)	0.00	(0.07)	0.00	0.00	0.94	(1.30)	3.19
ETO	0.63	0.00	0.00	(0.03)	0.00	0.00	1.37	(1.32)	3.23
GAM	0.59	(0.03)	0.00	(0.12)	0.00	0.00	1.34	(1.36)	3.87
MYI	0.51	0.01	0.06	0.01	0.59	(0.61)	1.09	(1.08)	3.13
VKI	0.52	(0.03)	0.00	(0.21)	0.00	0.00	1.18	(1.03)	2.92
CXH	0.38	(0.01)	0.04	(0.10)	0.56	(0.37)	0.76	(1.00)	2.37
NRGX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

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