Imgp Sbh Correlations

PFSVX Fund

USD 18.39 0.02 0.11%

The current 90-days correlation between Imgp Sbh Focused and Litman Gregory Masters is 0.39 (i.e., Weak diversification). The correlation of Imgp Sbh 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.

Imgp Sbh Correlation With Market

Average diversification

The correlation between Imgp Sbh Focused and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Imgp Sbh Focused 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 Imgp Sbh Focused. 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 real.

Moving together with Imgp Mutual Fund

0.83	MAHIX	Litman Gregory Masters	Pair Corr
0.95	VSIIX	Vanguard Small Cap	Pair Corr
0.95	VISVX	Vanguard Small Cap	Pair Corr
0.95	DFSVX	Us Small Cap	Pair Corr
0.99	DFFVX	Us Targeted Value	Pair Corr
0.94	UBVCX	Undiscovered Managers	Pair Corr
0.97	UBVAX	Undiscovered Managers	Pair Corr
0.94	UBVSX	Undiscovered Managers	Pair Corr
0.95	AVFIX	American Beacon Small	Pair Corr
0.7	FTYPX	Fidelity Freedom Index	Pair Corr
0.61	FFBTX	Fidelity Freedom Blend	Pair Corr
0.95	GCAVX	Gmo Small Cap	Pair Corr
0.71	GHVIX	Gmo High Yield	Pair Corr
0.9	GMCQX	Gmo Equity Allocation	Pair Corr
0.93	FZROX	Fidelity Zero Total	Pair Corr
0.78	JILGX	Multimanager Lifestyle	Pair Corr
0.84	QCGRPX	College Retirement	Pair Corr
0.62	CGGEX	American Funds Global	Pair Corr
0.9	FAFGX	American Funds	Pair Corr
0.94	LGSCX	Qs Small Capitalization	Pair Corr
0.88	VWENX	Vanguard Wellington	Pair Corr
0.93	WCPSX	Mobile Telecommunicatio Steady Growth	Pair Corr

Moving against Imgp Mutual Fund

0.72	MSILX	Litman Gregory Masters	Pair Corr
0.48	IDMIX	Im Dolan Mceniry	Pair Corr
0.35	POIVX	Imgp Oldfield Intern	Pair Corr
0.75	GABFX	Gmo Asset Allocation	Pair Corr
0.7	GAAVX	Gmo Alternative Allo	Pair Corr

Related Correlations Analysis

	MAHIX	MASFX	MASNX	MSEFX	MSILX	POIVX	IDMIX
MAHIX		0.54	0.49	0.55	-0.59	-0.75	-0.31	MAHIX
MASFX	0.54		0.76	0.7	0.17	-0.59	0.37	MASFX
MASNX	0.49	0.76		0.59	0.17	-0.53	0.44	MASNX
MSEFX	0.55	0.7	0.59		0.12	-0.36	0.21	MSEFX
MSILX	-0.59	0.17	0.17	0.12		0.24	0.68	MSILX
POIVX	-0.75	-0.59	-0.53	-0.36	0.24		0.04	POIVX
IDMIX	-0.31	0.37	0.44	0.21	0.68	0.04		IDMIX
	MAHIX	MASFX	MASNX	MSEFX	MSILX	POIVX	IDMIX

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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

MASNX	+ 0.76	MASFX
MSEFX	+ 0.7	MASFX
IDMIX	+ 0.68	MSILX
MSEFX	+ 0.59	MASNX
MSEFX	+ 0.55	MAHIX
MASFX	+ 0.54	MAHIX

High negative correlations

POIVX	- 0.75	MAHIX
POIVX	- 0.59	MASFX
MSILX	- 0.59	MAHIX
POIVX	- 0.53	MASNX
POIVX	- 0.36	MSEFX
IDMIX	- 0.31	MAHIX

Risk-Adjusted Indicators

There is a big difference between Imgp Mutual Fund performing well and Imgp Sbh 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 Imgp Sbh'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
MAHIX	0.07	0.02	(0.57)	1.25	0.00	(0.11)	0.10	(0.10)	0.50
MASFX	0.18	0.00	(0.24)	0.10	0.26	(0.21)	0.28	(0.37)	2.85
MASNX	0.19	0.00	(0.27)	0.25	0.26	(0.22)	0.28	(0.28)	2.84
MSEFX	0.51	(0.05)	(0.13)	0.03	0.55	(0.57)	0.96	(0.93)	2.77
MSILX	0.71	(0.14)	0.00	(0.17)	0.00	0.00	1.12	(1.50)	3.79
POIVX	0.08	(0.03)	0.00	0.59	0.00	0.00	0.00	(0.17)	1.66
IDMIX	0.14	0.00	(0.50)	(0.03)	0.13	(0.18)	0.30	(0.20)	0.81

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