Plumb Equity Correlations

PLAEX Fund

USD 28.98 0.77 2.59%

The current 90-days correlation between Plumb Equity and Fidelity Vertible Securities is 0.09 (i.e., Significant diversification). The correlation of Plumb Equity 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.

Plumb Equity Correlation With Market

Very weak diversification

The correlation between Plumb Equity and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plumb Equity 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 Plumb Equity. 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 income.

Moving together with Plumb Mutual Fund

0.71	PLBBX	Plumb Balanced	Pair Corr
1.0	PLBEX	Plumb Equity	Pair Corr
0.71	PLABX	Plumb Balanced	Pair Corr
0.73	PLIBX	Plumb Balanced	Pair Corr
1.0	PLIEX	Plumb Equity	Pair Corr
0.9	FAFGX	American Funds	Pair Corr
0.9	FFAFX	American Funds	Pair Corr
0.9	GFACX	Growth Fund	Pair Corr
0.79	GFAFX	Growth Fund	Pair Corr
0.9	CGFFX	Growth Fund	Pair Corr
0.9	CGFCX	Growth Fund	Pair Corr
0.9	CGFAX	Growth Fund	Pair Corr
0.79	CGFEX	Growth Fund	Pair Corr
0.9	RGAEX	Growth Fund	Pair Corr
0.71	VSTSX	Vanguard Total Stock	Pair Corr
0.71	VSMPX	Vanguard Total Stock	Pair Corr
0.71	VITSX	Vanguard Total Stock	Pair Corr
0.77	VINIX	Vanguard Institutional	Pair Corr

Moving against Plumb Mutual Fund

0.66	CCLFX	Cliffwater Corporate	Pair Corr
0.59	JMGIX	Jpmorgan Managed Income	Pair Corr
0.55	LCTIX	Leader Total Return	Pair Corr

Related Correlations Analysis

	FCVSX	LCFPX	NCIDX	PCGYX	XAVKX	VAADX	FCSKX
FCVSX		0.48	0.67	0.74	0.75	0.82	0.88	FCVSX
LCFPX	0.48		0.91	0.72	0.82	0.83	0.65	LCFPX
NCIDX	0.67	0.91		0.83	0.89	0.96	0.76	NCIDX
PCGYX	0.74	0.72	0.83		0.76	0.88	0.88	PCGYX
XAVKX	0.75	0.82	0.89	0.76		0.9	0.85	XAVKX
VAADX	0.82	0.83	0.96	0.88	0.9		0.85	VAADX
FCSKX	0.88	0.65	0.76	0.88	0.85	0.85		FCSKX
	FCVSX	LCFPX	NCIDX	PCGYX	XAVKX	VAADX	FCSKX

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Risk-Adjusted Indicators

There is a big difference between Plumb Mutual Fund performing well and Plumb Equity 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 Plumb Equity'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
FCVSX	0.68	(0.11)	(25.58)	0.97	(1.51)	5.06
LCFPX	0.57	(0.02)	0.30	0.89	(1.32)	3.22
NCIDX	0.51	(0.03)	0.35	0.90	(0.91)	3.13
PCGYX	0.52	(0.05)	(0.17)	0.93	(1.05)	2.96
XAVKX	0.48	(0.02)	0.41	0.89	(0.81)	2.97
VAADX	0.58	(0.06)	1.42	0.99	(1.21)	3.54
FCSKX	0.48	(0.07)	(0.23)	0.76	(1.29)	2.70

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