Finisterre Unconstrained Correlations

PFUMX Fund

USD 8.97 0.00 0.00%

The current 90-days correlation between Finisterre Unconstrained and Champlain Small is -0.07 (i.e., Good diversification). The correlation of Finisterre Unconstrained 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.

Finisterre Unconstrained Correlation With Market

Good diversification

The correlation between Finisterre Unconstrained Emerg and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Finisterre Unconstrained Emerg 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 Finisterre Unconstrained Emerging. 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 population.

Moving together with Finisterre Mutual Fund

0.68	PFIJX	Strategic Asset Mana	Pair Corr
0.67	PFILX	Strategic Asset Mana	Pair Corr
0.77	PFIFX	Strategic Asset Mana	Pair Corr
0.63	PFIGX	Strategic Asset Mana	Pair Corr
0.76	PFIPX	Strategic Asset Mana	Pair Corr
0.68	SAIPX	Strategic Asset Mana	Pair Corr
0.75	SAUPX	Strategic Asset Mana	Pair Corr
0.61	PGBLX	Global Diversified Income	Pair Corr
0.62	PGDIX	Global Diversified Income	Pair Corr
0.75	PGDRX	Diversified Real Asset	Pair Corr
0.61	PGLSX	Global Multi Strategy	Pair Corr
0.77	PYHIX	High Yield Fund	Pair Corr
0.76	SCIPX	Strategic Asset Mana	Pair Corr

Related Correlations Analysis

	CIPNX	KSCYX	SCYVX	ASVYX	MMYAX	HSCYX
CIPNX		0.92	0.92	0.91	0.97	0.94	CIPNX
KSCYX	0.92		0.87	0.88	0.9	0.9	KSCYX
SCYVX	0.92	0.87		1.0	0.94	0.91	SCYVX
ASVYX	0.91	0.88	1.0		0.94	0.91	ASVYX
MMYAX	0.97	0.9	0.94	0.94		0.97	MMYAX
HSCYX	0.94	0.9	0.91	0.91	0.97		HSCYX
	CIPNX	KSCYX	SCYVX	ASVYX	MMYAX	HSCYX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Finisterre Mutual Fund performing well and Finisterre Unconstrained 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 Finisterre Unconstrained'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
CIPNX	0.81	0.00	0.04	0.12	0.86	(0.84)	1.72	(1.65)	7.22
KSCYX	1.37	0.45	0.22	0.52	1.39	(1.50)	3.29	(2.82)	13.94
SCYVX	0.91	0.11	0.01	1.10	0.93	(1.04)	1.95	(1.46)	7.36
ASVYX	0.92	0.13	0.02	3.93	0.88	(1.06)	2.09	(1.43)	8.13
MMYAX	0.90	(0.05)	0.00	0.08	0.89	(1.02)	1.98	(1.49)	7.65
HSCYX	0.87	(0.01)	0.02	0.10	0.95	(0.95)	1.77	(1.57)	6.60

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC

Finisterre Unconstrained Correlations

Finisterre Unconstrained Correlation With Market

Good diversification

Moving together with Finisterre Mutual Fund

Related Correlations Analysis

Risk-Adjusted Indicators

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY